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    3863 Mike Padgett Hwy Augusta, GA 30906
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    3863 Mike Padgett Hwy Augusta, GA 30906

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    • Residential land & home lots
    For Sale
    $846,000
    View Listing →
    Land with Highway Access For Sale
    $846,000
    47.00 Acres

    Land with Highway Access

    Commercial land with water access and development potential.

    3863 Mike Padgett Hwy, Augusta, GA
    View Listing
    Property ID
    US22-1157468
    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

    • The Homeplace RV Sites / Campground & RV Park

    Property Details for 3863 Mike Padgett Hwy

    Property type
    Residential land & home lots

    Description

    Approximately 47 AC site located on Mike Padgett Highway. Land is perfect for multi-family or small, single family development. This site located on Mike Padgett Highway. It sits 1.05 miles South of Old Waynesboro Road.

    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
    -81.9850787
    Latitude
    33.3544895

    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
    • Contact for pricing
      0.26 Acres

      Augusta Land Investment Opportunity

      Residential land available in Augusta, Georgia.
      2522 Coleman Ave, Augusta, GA 30906
      View Details
    • $58,900
      1.10 Acres

      Residential Land with Home Available

      Residential land with home available in Richmond County, Augusta.
      2605 Surry St, Augusta, GA 30906
      View Details
    • $329,900
      88.38 Acres

      Augusta Land for Hunting/Home

      88.38 acres near Augusta, GA, ideal for hunting/building.
      5030 B Mike Padgett Hwy, Augusta, GA 30906
      View Details
    • $40,000
      0.56 Acres

      Ready-to-Develop Lot in Augusta

      Level lot suitable for builders, investors, or homeowners.
      3510 Davis Dr, Augusta, GA 30906
      View Details
    • $1,648,400
      41.21 Acres

      Augusta Land Parcel For Sale

      41.21 acres available for residential development in Augusta, Georgia.
      1912 Pine Hollow Dr, Augusta, GA 30906
      View Details

    Similar Nearby for Sale

    • $65,000
      4.79 Acres

      Land For Sale, Augusta, GA

      Land available in Richmond County, suitable for building a home.
      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
    • Contact for pricing
      0.26 Acres

      Augusta Land Investment Opportunity

      Residential land available in Augusta, Georgia.
      2522 Coleman Ave, Augusta, GA 30906
      View Details
    • $58,900
      1.10 Acres

      Residential Land with Home Available

      Residential land with home available in Richmond County, Augusta.
      2605 Surry St, Augusta, GA 30906
      View Details
    • $329,900
      88.38 Acres

      Augusta Land for Hunting/Home

      88.38 acres near Augusta, GA, ideal for hunting/building.
      5030 B Mike Padgett Hwy, Augusta, GA 30906
      View Details
    • $40,000
      0.56 Acres

      Ready-to-Develop Lot in Augusta

      Level lot suitable for builders, investors, or homeowners.
      3510 Davis Dr, Augusta, GA 30906
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Center Anchored by Food Lion

      45,800 SF retail center with 8,000 SF available.
      3722 Mike Padgett Hwy, 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

      Retail/Office Space in South Augusta

      1,200 SF space in high-traffic South Augusta location.
      3452 Peach Orchard Rd, Augusta, GA 30906
      View Details
    • Contact for pricing

      Deans Bridge Industrial Park Suites

      Industrial and flex space suites available for lease.
      3105 Spring Grove Dr, Augusta, GA 30906
      View Details
    • Contact for pricing

      Retail Spaces Available For Lease

      Retail spaces for lease in Augusta, GA, various sizes.
      2625 Deans Bridge Rd, Augusta, GA 30906
      View Details
    • $8 SF/Yr

      Upstairs Office Space Available

      3,200 SF upstairs office space near Augusta Airport.
      3960 Goshen Industrial Blvd, Augusta, GA 30906
      View Details
    View Listing
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    3863 Mike Padgett Hwy
    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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