Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    229 Furys Ferry Rd Augusta, GA 30907

    • Commercial land
    • 26,060 SF
    • 2.47 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1197123
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Digital Office Equipment / Office Equipment Supplier / Computer Networking Service
    • Southfire Web Solutions / Website Designer / Internet Marketing Service
    • M3 Agency / Website Designer / Graphic Designer
    • Marco's Pizza / Pizza Restaurant / Takeout Restaurant
    • San Jose Mexican Grocery tienda mexicana / Mexican Grocery Store / Mexican Goods Store

    Property Details for 229 Furys Ferry Rd

    Year built
    2003
    Lot size
    2.47 lot acres
    Property size
    26,060 SF
    Zone code
    B-2
    Property type
    Commercial land
    APN
    011-0-022-00-0
    APU
    110022000

    Description

    This exceptional Augusta, GA retail property, located at 229 Furys Ferry Rd, offers three available spaces ranging from 1,400 to 3,300 square feet. Situated on a 2.47-acre lot in a high-traffic area between Washington Road and Riverwatch Parkway, this Class B building boasts a total of 26,060 square feet, with 11,100 square feet currently vacant. The multi-level center ensures excellent visibility and accessibility for businesses. All tenants are prominently displayed on the pylon sign, enhancing brand recognition. The property's prime location in Richmond County (APN: 0110022000, zip code 30907) provides easy access for customers and employees. This is an excellent opportunity for businesses seeking a well-established retail presence in a thriving Augusta community. The property's multiple tenancy structure offers flexibility and potential for synergistic partnerships. The available spaces are ideal for a variety of retail uses, providing ample room for growth and expansion. Don't miss this chance to secure a prominent location in a busy commercial corridor.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,275,000
      6.5%
      $4,870,000
      7%
      $4,525,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,675,000
      Market price range: $2.02M - $4.68M
      AI Estimate
      $2,901,000
      Market price range: $882k - $2.90M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,180,000
      Current use
      OFFICE BUILDING
      $5,620,000
      Change: +77% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Richmond
    State
    Georgia
    Longitude
    -82.0593
    Latitude
    33.5178
    CBSA code
    12260
    CBSA name
    AUGUSTA-RICHMOND COUNTY, GA-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $46,627
    $279,500
    $1,462,092
    $1,741,592
    -
    $698,750
    $3,655,230
    $4,353,980

    Comparable in this City

    • Value Estimation by Request
      1.01 Acres

      2515 Reynolds Industrial Rd

      VACANT COMMERCIAL LAND • 1.01 Acres
      2515 Reynolds Industrial Rd, Augusta, GA 30907-3207
      View Details
    • Value Estimation by Request
      0.42 Acres

      820 Scott Nixon Memorial Dr

      VACANT COMMERCIAL LAND • 0.42 Acres
      820 Scott Nixon Memorial Dr, Augusta, GA 30907-2415
      View Details
    • Value Estimation by Request
      1.35 Acres

      738 Scott Nixon Memorial Dr

      VACANT COMMERCIAL LAND • 1.35 Acres
      738 Scott Nixon Memorial Dr, Augusta, GA 30907-2427
      View Details
    • Value Estimation by Request
      9.95 Acres

      712 Scott Nixon Memorial Dr

      VACANT COMMERCIAL LAND • 9.95 Acres
      712 Scott Nixon Memorial Dr, Augusta, GA 30907-2427
      View Details
    • Value Estimation by Request
      3.54 Acres

      100 Apac Industrial Way

      VACANT COMMERCIAL LAND • 3.54 Acres
      100 Apac Industrial Way, Augusta, GA 30907-4857
      View Details
    • Value Estimation by Request
      5.92 Acres

      145 Mason Mcknight Jr Pkwy

      VACANT COMMERCIAL LAND • 5.92 Acres
      145 Mason Mcknight Jr Pkwy, Augusta, GA 30907-3083
      View Details

    Similar Nearby for Sale

    • $1,011,000

      3.37 AC Commercial Land

      Cleared 3.37 AC commercial land with utilities on site.
      526 Furys Ferry Rd, Martinez, GA 30907
      View Details
    • $1,950,000

      8.5 Acres at Intersection

      8.5 acres of commercial land at a signalized intersection.
      170 S Belair Rd, Martinez, GA 30907
      View Details
    • $2,400,000

      Commercial Land on Washington Road

      Commercial land for sale with frontage on Washington Road.
      3202 Washington Rd, Augusta, GA 30907
      View Details
    • $220,000

      Commercial Lot in Thriving Area

      Cleared, graded 0.58-acre lot ready for development.
      418 Furys Ferry Rd, Martinez, GA 30907
      View Details
    • Contact for pricing

      Prime Land on Fury's Ferry

      5.46 acres in Martinez growth corridor with multiple access.
      509 Furys Ferry Rd, Martinez, GA 30907
      View Details
    • $978,000

      Commercial Land on Washington Road

      Commercial land for sale with utilities on site.
      3636 Washington Rd, Augusta, GA 30907
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Land for Ground Lease

      Highly visible land available for ground lease near I-20.
      Augusta, GA 30907
      View Details
    • Contact for pricing

      Land at Signalized Intersection

      Land with high visibility and accessibility on Belair Road.
      369 S Belair Rd, Martinez, GA 30907
      View Details
    • Contact for pricing

      Prime Location on Washington Road

      0.72 acre commercial land for lease on Washington Road.
      3047 Washington Rd, Augusta, GA 30907
      View Details
    • Contact for pricing
      41,382 SF

      Belair Road Retail Outparcel

      Prime Augusta, GA land for sale.
      365 Belair Rd, Augusta, GA 30907
      View Details
    • Contact for pricing
      3,500 SF

      Prime Washington Rd Storefront Land

      High-traffic location; excellent ground lease opportunity.
      3311 Washington Rd, Augusta, GA 30907
      View Details
    • Contact for pricing
      40,000 SF

      Westlake Commons Retail Space

      Prime Martinez, GA Lifestyle Center
      1000 Lk Cmns Dr, Martinez, GA 30907
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    229 Furys Ferry Rd
    Augusta, GA 30907
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.