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

    2502 Richmond Hl Rd Augusta, GA 30906-2853

    • Commercial land
    • 16,063 SF
    • 3.32 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1885650
    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

    • Chance & Hydrick Funeral Directors / Funeral Home

    Property Details for 2502 Richmond Hl Rd

    Year built
    1950
    Lot size
    3.32 lot acres
    Property size
    16,063 SF
    Zone code
    R-1A
    Property type
    Commercial land
    APN
    086-1-067-00-0
    APU
    861067000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Richmond
    State
    Georgia
    Longitude
    -82.0254
    Latitude
    33.437
    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
    $18,006
    $26,560
    $417,908
    $444,468
    -
    $66,400
    $1,044,770
    $1,111,170

    Comparable in this City

    • Value Estimation by Request
      0.74 Acres

      1605 Gordon Hwy

      VACANT COMMERCIAL LAND • 0.74 Acres
      1605 Gordon Hwy, Augusta, GA 30906-2205
      View Details
    • Value Estimation by Request
      1.02 Acres

      1650 Gordon Hwy

      VACANT COMMERCIAL LAND • 1.02 Acres
      1650 Gordon Hwy, Augusta, GA 30906-2228
      View Details
    • Value Estimation by Request
      6.00 Acres

      2201 Harding Rd

      VACANT COMMERCIAL LAND • 6.00 Acres
      2201 Harding Rd, Augusta, GA 30906-3413
      View Details
    • Value Estimation by Request
      1.59 Acres

      2346 Joe Coleman Rd

      VACANT COMMERCIAL LAND • 1.59 Acres
      2346 Joe Coleman Rd, Augusta, GA 30906-2620
      View Details
    • Value Estimation by Request
      0.70 Acres

      2510 Kensington W Dr

      VACANT COMMERCIAL LAND • 0.70 Acres
      2510 Kensington W Dr, Augusta, GA 30906-4256
      View Details
    • Value Estimation by Request
      0.11 Acres

      3728 Mike Padgett Hwy

      VACANT COMMERCIAL LAND • 0.11 Acres
      3728 Mike Padgett Hwy, Augusta, GA 30906-9719
      View Details

    Similar Nearby for Sale

    • $280,000

      Land for Sale

      3.47 acre commercial land with R3B zoning.
      2140 Lumpkin Rd, Augusta, GA 30906
      View Details
    • $300,000

      Prime Commercial Land Opportunity

      Almost 2 acres of land suitable for commercial use.
      2385 Tobacco Rd, Augusta, GA 30906
      View Details
    • $139,000

      Commercial Land with Billboard Income

      0.56 acre commercial land with high traffic and income.
      3343 Deans Bridge Rd, Augusta, GA 30906
      View Details
    • $100,000

      Land on Windsor Spring Road

      High-traffic land with high visibility and easy access.
      2136 Windsor Spring Rd, Augusta, GA 30906
      View Details
    • $535,000

      Augusta Land Near I-520

      Land with potential for rail spur near I-520.
      3293 Perkins Rd, Augusta, GA 30906
      View Details
    • $100,000

      Retail Development Site Available

      High visibility commercial land for retail development in South Richmond.
      2126 Windsor Spring Rd, Augusta, GA 30906
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,700 SF

      Industrial Outdoor Storage with Building

      Industrial property featuring outdoor storage, a building, and developable land.
      3956 Goshen Industrial Blvd, Augusta, GA 30906
      View Details
    • $15 SF/Yr
      6,058 SF

      Freestanding Office Building For Rent

      6,058 SF freestanding office building with ample parking.
      2338 Lumpkin Rd, Augusta, GA 30906
      View Details
    • $16 SF/Yr
      17,162 SF

      Woodside Square: Retail & Office Space

      Prime Augusta Retail/Office Opportunity
      3452 Peach Orchard Rd, Augusta, GA 30906
      View Details
    • $10 SF/Yr
      43,181 SF

      Augusta Flex Space Available

      Modern Augusta industrial flex space for lease.
      3105 Spring Grove Dr, Augusta, GA 30906
      View Details
    • $12 SF/Yr
      1,550 SF

      Deans Bridge Rd Retail Spaces

      High-traffic retail spaces available.
      2625 Deans Bridge Rd, Augusta, GA 30906
      View Details
    • $8 SF/Yr
      29,620 SF

      Upstairs Office Space Available

      3,200 SF upstairs office space near Augusta Airport.
      3960 Goshen Industrial Blvd, Augusta, GA 30906
      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.
    2502 Richmond Hl Rd
    Augusta, GA 30906-2853
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.