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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3736 Mike Padgett Hwy Augusta, GA 30906

    • Commercial land
    • 15,560 SF
    • 2.27 lot acres
    For Lease
    View listing
    $14 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-1800992
    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

    • Lauren Daniels / Family Practice Physician / Practitioner Service Location
    • Layne Marian MD / Physician Assistant
    • Edward Whittingslow / Family Practice Physician
    • Steven Moore / Pediatrician
    • Jerry Miller / Pediatrician

    Property Details for 3736 Mike Padgett Hwy

    Year built
    2002
    Lot size
    2.27 lot acres
    Property size
    15,560 SF
    Zone code
    B-1
    Property type
    Commercial land
    APN
    157-4-005-00-0
    APU
    1574005000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,150,000
      6.5%
      $2,910,000
      7%
      $2,700,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,958,000
      Market price range: $685k - $2.06M
      AI Estimate
      $2,132,000
      Market price range: $532k - $2.18M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,120,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Augusta
    County
    Richmond
    State
    Georgia
    Longitude
    -81.9944
    Latitude
    33.366
    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
    $16,882
    $79,186
    $548,814
    $628,000
    -
    $197,964
    $1,372,036
    $1,570,000

    Comparable in this City

    • Value Estimation by Request
      10.60 Acres

      1693 Dixon Airline Rd

      VACANT COMMERCIAL LAND • 10.60 Acres
      1693 Dixon Airline Rd, Augusta, GA 30906-8811
      View Details
    • Value Estimation by Request
      0.71 Acres

      1535 Gordon Hwy

      VACANT COMMERCIAL LAND • 0.71 Acres
      1535 Gordon Hwy, Augusta, GA 30906-2080
      View Details
    • Value Estimation by Request
      0.72 Acres

      1504 Gordon Hwy

      VACANT COMMERCIAL LAND • 0.72 Acres
      1504 Gordon Hwy, Augusta, GA 30906-2077
      View Details
    • Value Estimation by Request
      2.41 Acres

      3121 Hampton Dr

      VACANT COMMERCIAL LAND • 2.41 Acres
      3121 Hampton Dr, Augusta, GA 30906-7008
      View Details
    • Value Estimation by Request
      6.04 Acres

      2215 Old Savannah Rd

      VACANT COMMERCIAL LAND • 6.04 Acres
      2215 Old Savannah Rd, Augusta, GA 30906-2134
      View Details
    • Value Estimation by Request
      0.21 Acres

      1901 Olive Rd

      VACANT COMMERCIAL LAND • 0.21 Acres
      1901 Olive Rd, Augusta, GA 30906-2053
      View Details

    Similar Nearby for Sale

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      Augusta Land Near I-520

      Land with potential for rail spur near I-520.
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    • $100,000

      Retail Development Site Available

      High visibility commercial land for retail development in South Richmond.
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    • Contact for pricing
      43 SF

      43-Acre Tract on Mike Padgett

      43-acre tract with frontage on Mike Padgett Highway.
      3615 Mike Padgett Hwy, Augusta, GA 30906
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    • $500,000

      4.08 Acre Light Industrial Parcel

      4.08 acre light industrial parcel with frontage on Mike Padgett Hwy.
      4007 Mike Padgett Hwy, Augusta, GA 30906
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    • $350,000

      Commercial Land on Peach Orchard

      Commercial land with high traffic count near Tobacco Road.
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    • $96,000

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      Ideal corner lot for development of a small business.
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    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.
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      View Details
    • $14 SF/Yr
      3,500 SF

      Barton Chapel Road Office Space

      Prime Office/Retail Space Available
      2655 Barton Chapel Rd, Augusta, GA 30906
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    • Contact for pricing
      1,500 SF

      Grocery-Anchored Community Center Space

      Retail space in South Augusta with high visibility and ample parking.
      2115 Windsor Spring Rd, Augusta, GA 30906
      View Details
    • $2,500 /Mo
      5,000 SF

      Warehouse Space with High Ceilings

      5,000 sq ft warehouse with 18' ceilings for rent.
      3950 Mike Padgett Hwy, 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
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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.

    More about this property
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