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    Property profile & analytics

    308 Commerce Dr Martinez, GA 30907

    • Warehouses
    • 858 SF
    • 0.76 lot acres
    For Lease
    View listing
    $19 SF/Yr
    Last Sale
    Oct 04, 2022
    $685,000
    Value Estimations
    $790,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0865077
    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

    • Warehouses

    Property Details for 308 Commerce Dr

    Year built
    1987
    Lot size
    0.76 lot acres
    Property size
    858 SF
    Property type
    Warehouses
    APN
    082D093
    APU
    082D093

    Description

    This exceptional 2,150 square foot flex space is available for lease at 308 Commerce Drive, Unit G, in Martinez, Georgia. Located in Columbia County, this property offers convenient access to River Watch Parkway, providing easy commutes to both Richmond and Columbia counties. The space is part of a larger 9,000 square foot building with multiple tenants. The unit itself is immediately available and presents a fantastic opportunity for businesses seeking a versatile and well-situated location. The property is classified as both retail and office space, making it suitable for a wide range of uses. The minimum leasable space is 2,150 square feet, which is also the maximum contiguous space currently available. This makes it perfect for a single tenant seeking a comfortable and functional workspace. The property's address is 308 Commerce Drive, Unit G, Martinez, GA 30907. Its convenient location and flexible layout make it an attractive option for businesses looking to establish or expand their presence in this thriving area. The zip code is 30907. The property's latitude and longitude coordinates are 33.5177873 and -82.0713194 respectively.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $845,000
      ML approach
      $855,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $610,000
      Market price range: $151k - $610k

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinez
    County
    Columbia
    State
    Georgia
    Longitude
    -82.0713
    Latitude
    33.5179
    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
    $5,872
    $62,543
    $172,596
    $235,139
    -
    $156,357
    $431,491
    $587,848

    Comparable in this City

    • Value Estimation
      $2,000,000
      8,696 SF

      245 Bobby Jones Expy

      WAREHOUSE, STORAGE • 8,696 SF
      245 Bobby Jones Expy, Augusta, GA 30907-3404
      View Details
    • Value Estimation
      $280,000
      2,448 SF

      3517 Riv Watch Pkwy

      WAREHOUSE, STORAGE • 2,448 SF
      3517 Riv Watch Pkwy, Martinez, GA 30907-2919
      View Details
    • Value Estimation
      $340,000
      8,250 SF

      4388 Rdg Trl

      WAREHOUSE, STORAGE • 8,250 SF
      4388 Rdg Trl, Martinez, GA 30907-9762
      View Details
    • Value Estimation
      $135,000
      2,125 SF

      304 Rose St

      WAREHOUSE, STORAGE • 2,125 SF
      304 Rose St, Martinez, GA 30907-2391
      View Details
    • Value Estimation
      $225,000
      800 SF

      390 Tower Rd

      WAREHOUSE, STORAGE • 800 SF
      390 Tower Rd, Martinez, GA 30907-8750
      View Details
    • Value Estimation
      $270,000
      2,100 SF

      4155 Wheeler Rd

      WAREHOUSE, STORAGE • 2,100 SF
      4155 Wheeler Rd, Martinez, GA 30907-8751
      View Details

    Similar Nearby for Sale

    • $1,250,000
      11,000 SF

      Industrial Property Near I-20

      Two buildings on 3.13 acres near I-20.
      2522 Reynolds Industrial Rd, Augusta, GA 30907
      View Details
    • $1,250,000
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      Augusta Industrial Development

      11,000 SF Industrial Property, $1.25M
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    • $639,000
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      Augusta Industrial Building For Sale

      3,205 SF building with office and warehouse space.
      706 Mcknight Industrial Blvd, Augusta, GA 30907
      View Details
    • $650,000
      3.75 Acres

      Wheeler Road Industrial Land

      3.75-acre cleared development site.
      0 Wheeler Rd, Augusta, GA 30907
      View Details
    • $330,000
      1.00 Acre

      Prime Martinez Commercial Land

      1-Acre Commercial Lot, High Traffic Area
      446 Furys Ferry Rd, Martinez, GA 30907
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      3,000 SF

      Columbia County Office Warehouse Space

      3,000 sq ft office with warehouse in Columbia County.
      4809 Technology Dr, Martinez, GA 30907
      View Details
    • $12 SF/Yr
      5,000 SF

      Prime Martinez Flex Space

      5,000 SF Flex Space - Ideal Location
      1 Kuhlke Dr, Martinez, GA 30907
      View Details
    • $9 SF/Yr
      5,000 SF

      Augusta Warehouse Space For Lease

      5,000 SF warehouse suitable for storage and distribution.
      2009 Westside Dr, Augusta, GA 30907
      View Details
    • $10 SF/Yr
      11,655 SF

      Davis Road Office Park: Augusta, GA

      Prime Augusta Office Space: Flexible Suites Available
      147 Davis Rd, Augusta, GA 30907
      View Details
    • $550,000
      5,500 SF

      Martinez Warehouse Space For Lease

      5500 SF warehouse ideal for distribution or storage.
      298 Rose St, Martinez, GA 30907
      View Details
    • $16 SF/Yr
      5,000 SF

      Retail and Warehouse Space Available

      Retail and warehouse space available for rent starting August 1, 2025.
      4070 Washington Rd, Martinez, GA 30907
      View Details
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    308 Commerce Dr
    Martinez, GA 30907
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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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