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    Property profile & analytics

    246 Bobby Jones Expy Augusta, GA 30907-5350

    • Strip malls
    • 22,934 SF
    • 1.18 lot acres
    OFF-MARKET
    Last Sale
    Mar 01, 2022
    $1,849,856
    Value Estimations
    $1,765,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0865067
    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

    • Flooring Pros | Augusta Flooring Company / Flooring Store / Wood And Laminate Flooring Supplier
    • America's Home Place - Augusta, GA / Custom Home Builder
    • MattressMan Superstore Augusta / Linens Store / Mattress Store

    Property Details for 246 Bobby Jones Expy

    Year built
    1987
    Construction
    CONCRETE
    Lot size
    1.18 lot acres
    Property size
    22,934 SF
    Zone code
    C-2;GEN COMM DISTR
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    078D019
    APU
    078D019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,765,000
      ML approach
      $1,950,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Columbia
    State
    Georgia
    Longitude
    -82.0901
    Latitude
    33.5057
    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
    $16,723
    $229,545
    $440,135
    $669,680
    -
    $573,862
    $1,100,338
    $1,674,200

    Comparable in this City

    • Value Estimation
      $540,000
      4,700 SF

      3570 Riv Watch Pkwy

      SHOPPING CENTER, STRIP CENTER • 4,700 SF
      3570 Riv Watch Pkwy, Martinez, GA 30907-3682
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    • Value Estimation
      $310,000
      10,200 SF

      211 Bobby Jones Expy

      SHOPPING CENTER, STRIP CENTER • 10,200 SF
      211 Bobby Jones Expy, Augusta, GA 30907-5250
      View Details
    • Value Estimation
      $205,000
      4,352 SF

      257 Bobby Jones Expy

      SHOPPING CENTER, STRIP CENTER • 4,352 SF
      257 Bobby Jones Expy, Augusta, GA 30907-5265
      View Details
    • Value Estimation
      $340,000
      11,200 SF

      4127 Columbia Rd

      SHOPPING CENTER, STRIP CENTER • 11,200 SF
      4127 Columbia Rd, Martinez, GA 30907-0426
      View Details
    • Value Estimation
      $495,000
      4,400 SF

      123 Davis Rd

      SHOPPING CENTER, STRIP CENTER • 4,400 SF
      123 Davis Rd, Martinez, GA 30907-0235
      View Details
    • Value Estimation
      $235,000
      2,750 SF

      412 Vaughn Rd

      SHOPPING CENTER, STRIP CENTER • 2,750 SF
      412 Vaughn Rd, Martinez, GA 30907-9174
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.53 Acres

      West Augusta Retail Land Development

      Prime 3.53-Acre Retail Site, High Traffic
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    • $1,800,000
      2,736 SF

      Restaurant Building with Drive-Thru

      2,736 SF restaurant building constructed in 2022 with drive-thru.
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      Prime Augusta Convenience Store

      Vacant Retail Building, High Traffic Area
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    • $1,300,000
      10,000 SF

      Prime Martinez Retail Space

      10,000 SF freestanding building, high traffic area.
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    • $2,500,000
      2,736 SF

      Augusta Restaurant - For Sale

      Prime Augusta restaurant, high traffic location.
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    • $6,300,000
      61,002 SF

      Turn-Key Retail Property For Sale

      61,000 SF retail property with high traffic volume.
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    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space Anchored by Publix

      Retail space with high visibility and strong tenant mix.
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    • $21 SF/Yr
      1,333 SF

      Retail Space in Walmart Center

      Endcap retail space with high visibility and foot traffic.
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    • Contact for pricing
      52,100 SF

      Belair Village Shopping Center

      Augusta, GA Retail Space Available
      365 Belair Rd, Augusta, GA 30907
      View Details
    • $30 SF/Yr
      2,100 SF

      Augusta Retail Center For Lease

      Prime Augusta Shopping Center - Fully Vacant
      630 Crane Creek Dr, Augusta, GA 30907
      View Details
    • $25 SF/Yr
      84,696 SF

      Merchants Village Retail Center

      Martinez, GA Strip Mall - 1,400 SF Available
      4115 Columbia Rd, Martinez, GA 30907
      View Details
    • Contact for pricing
      2,400 SF

      Village at Furys Ferry Retail Space

      Prime Augusta, GA retail center
      3851 Evans To Locks Rd, Augusta, GA 30907
      View Details
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    Augusta, GA 30907-5350
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    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
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