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    3570 Mike Padgett Hwy Augusta, GA 30906
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    3570 Mike Padgett Hwy, Augusta, GA 30906

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    • Residential land & home lots
    For Sale
    $400,000
    View Listing →
    16 Acre Commercial Land Parcel For Sale
    $400,000
    16.00 Acres

    16 Acre Commercial Land Parcel

    16 acres near Augusta Airport and Interstate 520.

    3570 Mike Padgett Hwy, Augusta, GA
    View Listing
    Property ID
    US22-1756838
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 3570 Mike Padgett Hwy

    Property type
    Residential land & home lots

    Description

    This 16 AC site is suited for townhomes. The site is located in a fast-growing area of South Richmond County with multiple, large employers including Graphic Packaging, Textron, Solvay, and Starbucks. 16 acres of land located along Mike Padgett Highway near Tobacco Road and Bobby Jones Expressway (I-520).

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Columbia
    State
    Georgia
    Longitude
    -82.0000006
    Latitude
    33.3779954

    Comparable in this City

    • Contact for pricing
      Pending

      Residential Lot in Augusta, GA

      Cleared residential lot perfect for building your dream home.
      2331 Rutherford Ave, Augusta, GA 30906
      View Details
    • $65,000
      4.79 Acres

      Augusta, GA Land For Sale

      4.79 acre homesite in Richmond County, house, mobile or modular accepted.
      3971 Old Waynesboro Rd, Augusta, GA 30906
      View Details
    • $32,500
      Pending

      Augusta Land Development Opportunity

      7.32-acre parcel ideal for residential development or custom estate.
      4332 Parkwood Dr, Augusta, GA 30906
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    • Contact for pricing
      0.38 Acres

      Augusta Land with Golf Views

      Affordable homesite with golf course views in Augusta, Georgia.
      2121 Southlake Pkwy, Augusta, GA 30906
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    • Contact for pricing
      Pending

      Residential Lot Near Fort Gordon

      Residential lot available close to Fort Gordon in Augusta, GA.
      3529 Evangeline Dr, Augusta, GA 30906
      View Details
    • New
      $40,000
      Pending

      Ready-to-Develop Lot in Augusta

      Level lot with residential possibilities in a growing area.
      3508 Davis Dr, Augusta, GA 30906
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Residential Lot Near Fort Gordon

      Residential lot available close to Fort Gordon in Augusta, GA.
      3529 Evangeline Dr, Augusta, GA 30906
      View Details
    • Contact for pricing
      0.38 Acres

      Augusta Land with Golf Views

      Affordable homesite with golf course views in Augusta, Georgia.
      2121 Southlake Pkwy, Augusta, GA 30906
      View Details
    • $32,500
      Pending

      Augusta Land Development Opportunity

      7.32-acre parcel ideal for residential development or custom estate.
      4332 Parkwood Dr, Augusta, GA 30906
      View Details
    • $65,000
      4.79 Acres

      Augusta, GA Land For Sale

      4.79 acre homesite in Richmond County, house, mobile or modular accepted.
      3971 Old Waynesboro Rd, Augusta, GA 30906
      View Details
    • Contact for pricing
      Pending

      Residential Lot in Augusta, GA

      Cleared residential lot perfect for building your dream home.
      2331 Rutherford Ave, Augusta, GA 30906
      View Details
    • New
      $40,000
      Pending

      Ready-to-Develop Lot in Augusta

      Level lot with residential possibilities in a growing area.
      3508 Davis Dr, Augusta, GA 30906
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Heavy Industrial Yard and Warehouse

      Fenced heavy industrial site with laydown yard for outdoor storage, truck parking, and equipment staging.
      3956 Goshen Industrial Blvd, Augusta, GA 30906
      View Details
    • Contact for pricing
      1,239 SF

      Turnkey Restaurant Space Available

      Second-generation restaurant space with high traffic and flexible square footage.
      3007 Deans Bridge Rd, Augusta, GA 30906
      View Details
    • Contact for pricing
      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
    • $8 SF/Yr
      Pending

      Versatile Commercial Space in Augusta

      8,152 SF commercial space with fully equipped kitchen.
      1524 Gordon Hwy, Augusta, GA 30906
      View Details
    • Contact for pricing
      2,624 SF

      Retail/Medical Suite in South Augusta

      2,624 SF suite in high-visibility South Augusta corridor.
      3736 Mike Padgett Hwy, Augusta, GA 30906
      View Details
    • Contact for pricing
      8,515 SF

      Retail Space in Augusta, GA

      Retail property available for lease in Augusta, Georgia.
      2416 Windsor Spring Rd, Augusta, GA 30906
      View Details
    View Listing
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    Augusta, GA 30906
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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.

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