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    Property profile & analytics

    404 Martintown Rd North Augusta, SC 29841

    • Strip malls
    • 22,182 SF
    • 3.40 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1598255
    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

    • Sunrise Grill / Restaurant
    • Regional Finance / Loan Service
    • Tires Plus / (Bike/Boat/Book/etc) Store / Auto Parts Store
    • Metro by T-Mobile / Telecommunications Service
    • Jimmy's Home Furnishings / Furniture & Home Goods / Home Decor Store

    Property Details for 404 Martintown Rd

    Year built
    1984
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.40 lot acres
    Property size
    22,182 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    007-11-05-049
    APU
    71105049

    Description

    This exceptional 70,000 square foot Class B neighborhood retail center, located at 404 E Martintown Rd, North Augusta, SC 29841 (APN: 007-11-05-050, 007-11-05-049), presents a prime opportunity for businesses seeking high-visibility locations. Currently boasting a strong tenant mix including Tires Plus, Great Clips, Metro Mobile, Republic Finance, Regional Finance, Sunrise Grill, and Burger King, the center offers immediate access to a thriving market. With 2,000 square feet of vacant space currently available, along with larger spaces ranging up to 32,600 square feet, this property caters to a variety of business needs. The center benefits from its strategic location in North Augusta's main retail hub, enjoying high traffic counts on E Martintown Road (21,400 vehicles per day) and Knox Avenue (16,000 vehicles per day). Its excellent visibility and accessibility make it an ideal location for businesses seeking to tap into the significant shopping activity within this trade area, which serves a substantial portion of North Augusta's retail needs. Opportunities exist for both retail spaces and outparcel leases. The property includes space suitable for an anchor tenant and a junior anchor tenant. This is a rare chance to secure a space in a well-established, high-traffic retail center in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,070,000
      6.5%
      $990,000
      7%
      $915,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,256,000
      Market price range: $265k - $1.66M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $740,000
      Current use
      MEDICAL BUILDING
      $1,705,000
      Change: +130% Conversion: Difficult
      RETAIL STORES
      $1,435,000
      Change: +94% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,265,000
      Change: +70% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    North Augusta
    County
    Aiken
    State
    South Carolina
    Longitude
    -81.9606
    Latitude
    33.4959
    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
    $41,969
    $71,400
    $97,780
    $169,180
    -
    $1,190,000
    $1,629,630
    $2,819,630

    Comparable in this City

    • Value Estimation by Request
      2,632 SF

      511 Belvedere Clearwater Rd

      SHOPPING CENTER, STRIP CENTER • 2,632 SF
      511 Belvedere Clearwater Rd, North Augusta, SC 29841-2514
      View Details
    • Value Estimation
      $2,355,000
      45,690 SF

      1215 Knox Ave

      SHOPPING CENTER, STRIP CENTER • 45,690 SF
      1215 Knox Ave, North Augusta, SC 29841-4022
      View Details
    • Value Estimation
      $1,815,000
      11,760 SF

      1690 Knox Ave

      SHOPPING CENTER, STRIP CENTER • 11,760 SF
      1690 Knox Ave, North Augusta, SC 29841-4020
      View Details
    • Value Estimation by Request
      9,720 SF

      101 Marion Ave

      SHOPPING CENTER, STRIP CENTER • 9,720 SF
      101 Marion Ave, North Augusta, SC 29841-2935
      View Details
    • Value Estimation
      $725,000
      3,450 SF

      523 Belvedere Clearwater Rd

      SHOPPING CENTER, STRIP CENTER • 3,450 SF
      523 Belvedere Clearwater Rd, North Augusta, SC 29841-2514
      View Details
    • Value Estimation
      $725,000
      800 SF

      513 Belvedere Clearwater Rd

      SHOPPING CENTER, STRIP CENTER • 800 SF
      513 Belvedere Clearwater Rd, North Augusta, SC 29841-2514
      View Details

    Similar Nearby for Sale

    • $375,000

      Prime North Augusta Retail Lot

      3,500 SF Pad-Ready Retail Land
      1751 Knox Ave, North Augusta, SC 29841
      View Details
    • $100,000
      1.90 Acres

      Prime Retail Land: North Augusta, SC

      1.9-acre retail lot, I-20 visibility.
      0 Bergen Rd, North Augusta, SC 29841
      View Details
    • $2,476,190
      2,900 SF

      Wendy's Net Lease Investment

      High-yield QSR in North Augusta, SC
      517 Martintown Rd, North Augusta, SC 29841
      View Details
    • Contact for pricing

      Retail Property For Sale

      Retail property available for purchase in North Augusta, SC.
      517 E Martintown Rd, North Augusta, SC 29841
      View Details
    • Contact for pricing
      4,264 SF

      Retail Property on Corner Lot

      Retail property with high visibility on a corner lot.
      523 E Martintown Rd, North Augusta, SC 29841
      View Details
    • Contact for pricing
      0.65 Acres

      River Commons Outparcel: 0.65 Acres

      Prime Retail Land, High Traffic Area
      302 Martintown Rd, North Augusta, SC 29841
      View Details

    Similar Nearby for Lease

    • $1,575 /Mo
      1,250 SF

      Retail Space in North Augusta

      Well-maintained retail strip center near I-20, North Augusta, SC.
      616 Edgefield Rd, North Augusta, SC 29841
      View Details
    • $6 SF/Yr

      Retail Space Near Major Highway

      Large retail space available near Georgia and South Carolina border.
      5979 Jefferson Davis Hwy, 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
      View Details
    • $32 SF/Yr
      42,969 SF

      North Augusta Retail & Restaurant Space

      Prime Aiken County location, multiple spaces available
      187 Railroad Ave, North Augusta, SC 29841
      View Details
    • Contact for pricing
      70,000 SF

      Crossroads Market Retail Center

      North Augusta, SC retail spaces available
      404 Martintown Rd, North Augusta, SC 29841
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in North Augusta

      Dominant shopping center with excellent access and parking.
      314 East Martintown Rd, North Augusta, SC 29841
      View Details
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    404 Martintown Rd
    North Augusta, SC 29841
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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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