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    Property profile & analytics

    403 Georgia Ave North Augusta, SC 29841-3851

    • Grocery and convenience stores
    • 1,000 SF
    • 0.59 lot acres
    OFF-MARKET
    Last Sale
    Dec 27, 2021
    $900,000
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2242518
    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

    • Sprint Foods 739 / Grocery & Convenience Store
    • Russell Porta Potty Rentals / Building Supply
    • LibertyX Bitcoin ATM / Atm

    Property Details for 403 Georgia Ave

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.59 lot acres
    Property size
    1,000 SF
    Property type
    Grocery and convenience stores
    APN
    007-10-29-010
    APU
    71029010

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $890,000
      ML approach
      $1,000,000

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

    Location Insight

    • Map
    • Local Demand
    City
    North Augusta
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.9709
    Latitude
    33.4925
    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
    2023
    $14,300
    $18,500
    $39,870
    $58,370
    -
    $308,400
    $664,360
    $972,760

    Comparable in this City

    • Value Estimation
      $710,000
      3,360 SF

      10307 Atomic Rd

      CONVENIENCE STORE • 3,360 SF
      10307 Atomic Rd, North Augusta, SC 29841-4486
      View Details
    • Value Estimation
      $10,030,000
      76,420 SF

      1284 Knox Ave

      GROCERY, SUPERMARKET • 76,420 SF
      1284 Knox Ave, North Augusta, SC 29841-4055
      View Details
    • Value Estimation by Request
      2,480 SF

      2031 Pisgah Rd

      CONVENIENCE STORE • 2,480 SF
      2031 Pisgah Rd, North Augusta, SC 29841-2134
      View Details
    • Value Estimation
      $580,000
      2,343 SF

      226 Georgia Ave

      CONVENIENCE STORE • 2,343 SF
      226 Georgia Ave, North Augusta, SC 29841-3845
      View Details
    • Value Estimation by Request
      1,719 SF

      829 Edgefield Rd

      CONVENIENCE STORE • 1,719 SF
      829 Edgefield Rd, North Augusta, SC 29841-2420
      View Details
    • Value Estimation by Request
      2,400 SF

      527 Belvedere Clearwater Rd

      CONVENIENCE STORE • 2,400 SF
      527 Belvedere Clearwater Rd, North Augusta, SC 29841-2574
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      36,105 SF

      Former Grocery Store For Sale

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      36,105 SF

      Prime North Augusta Retail Space

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      Former Grocery Store For Sale

      Former grocery store on busy retail corridor with ample parking.
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    • $725,000
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      Retail Property on Corner Lot

      Retail property with high visibility on a corner lot.
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    • $1,200,000
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      Edgefield Road Commercial Property

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    • $865,000
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      Downtown North Augusta Bar/Restaurant

      Historic 7,700 SF Retail Opportunity
      133 Georgia Ave, North Augusta, SC 29841
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    Similar Nearby for Lease

    • $1,575 /Mo
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      Retail Space in North Augusta

      Well-maintained retail strip center near I-20, North Augusta, SC.
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      View Details
    • Contact for pricing
      15,000 SF

      Retail Space in North Augusta

      Retail spaces available in North Augusta, South Carolina.
      406 E Martintown Rd, North Augusta, SC 29841
      View Details
    • $15 SF/Yr
      2,130 SF

      Downtown North Augusta Retail Space

      Retail space in high-traffic downtown North Augusta near stadium.
      509 Georgia Ave, North Augusta, SC 29841
      View Details
    • $11 SF/Yr
      11,650 SF

      Edgefield Road Warehouse Opportunity

      Belvedere, SC Warehouse - 11,650 SF
      847 Edgefield Rd, Belvedere, SC 29841
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    • $5 SF/Yr
      232,155 SF

      Edgewood Square: Retail Opportunity

      North Augusta, SC Shopping Center; Spaces Available
      101 Edgewood Dr, North Augusta, SC 29841
      View Details
    • Contact for pricing
      32,800 SF

      Shoppes at Bluegrass Retail Space

      North Augusta retail center; 11 spaces available.
      0 Martintown Rd, North Augusta, SC 29841
      View Details
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    North Augusta, SC 29841-3851
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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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