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    4324 Washington Rd Evans, GA 30809-3960
    Property profile & analytics

    4324 Washington Rd, Evans, GA 30809-3960

    View on Map
    • Strip malls
    • 8,516 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US22-1236843
    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
    $970,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Austin Taylor Insurance Agency / Insurance Agency
    • Wild Sugar / Bakery / Take-out & Catering
    • Leslie's / (Bike/Boat/Book/etc) Store / Hardware & Home Improvement
    • Rhodes-Murphy Income Tax Services / Accounting Firm
    • Five Guys / Restaurant / Take-out & Catering

    Property Details for 4324 Washington Rd

    Year built
    2011
    Construction
    CONCRETE BLOCKS
    Lot size
    1.00 lot acres
    Zone code
    C-2;GEN COMM DISTR
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    072A110
    APU
    072A110

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 6, 2016 — Evans Ents Of Augusta LLC — Deed · related $1.1M · Queensborough Nat'l Bk&tr
    Jun 9, 2011 — Evans Ents Of Augusta LLC — Trustees Deed · related $1.4M · Georgia Bank & Trust Augusta
    Jul 31, 2008 — Evans Ents Of Augusta LLC Owner Name Unavailable Grant Deed · related —
    Feb 6, 2008 — Evans Ents Of Augusta LLC Farr,wilson W Quit Claim Deed · related —
    Feb 6, 2008 $260,000 Wilson W Farr Courson,mary L Warranty Deed —
    — — Evans Ents Of Augusta LLC — Deed Of Trust · related $1.1M · Queensborough Nat'l Bk&tr

    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
    Evans
    County
    Columbia
    State
    Georgia
    Longitude
    -82.1307
    Latitude
    33.5383
    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
    $15,602
    $401,835
    $222,945
    $624,780
    -
    $1,004,587
    $557,363
    $1,561,950

    Comparable in this City

    • Value Estimation
      $3,315,000
      38,152 SF

      Washington Rd

      SHOPPING CENTER, STRIP CENTER
      Washington Rd, Evans, GA 30809
      View Details
    • Value Estimation
      $1,935,000
      18,000 SF

      4492 Washington Rd

      SHOPPING CENTER, STRIP CENTER
      4492 Washington Rd, Evans, GA 30809-3800
      View Details
    • Value Estimation
      $1,145,000
      8,845 SF

      4237 Washington Rd

      SHOPPING CENTER, STRIP CENTER
      4237 Washington Rd, Evans, GA 30809-4712
      View Details
    • Value Estimation
      $2,660,000
      18,582 SF

      7025 Evans Town Ctr Blvd

      SHOPPING CENTER, STRIP CENTER
      7025 Evans Town Ctr Blvd, Evans, GA 30809-4368
      View Details
    • Value Estimation
      $1,025,000
      7,150 SF

      4534 Washington Rd

      SHOPPING CENTER, STRIP CENTER
      4534 Washington Rd, Evans, GA 30809-5891
      View Details
    • Value Estimation
      $2,580,000
      7,888 SF

      5106 Washington Rd

      SHOPPING CENTER, STRIP CENTER
      5106 Washington Rd, Evans, GA 30809-5896
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Grocery-Anchored Retail Shopping Center

      Grocery-anchored shopping center with a mix of retail, dining, services, and multiple outparcels.
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      Retail Suites with Designated Parking

      Two retail suites are available in a shopping center anchored by Belk with designated parking at a signalized intersection.
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      Addison Square Mixed-Use Development

      Buildable pads in a mixed-use development in Evans, Georgia.
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      Prime Corner Development Site

      11.37-acre corner site in growing Evans, Georgia.
      3921 Evans To Locks Rd, Evans, GA 30809
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      1,490 SF

      NNN Investment Opportunity in Evans

      Sale-leaseback ground lease with zero landlord responsibilities and strong lease terms.
      4240 Washington Rd, Evans, GA 30809
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      22,973 SF

      New Evans, GA Retail Property

      New retail property in Evans, GA with long-term lease.
      4687 Washington Rd, Evans, GA 30809
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    Similar Nearby for Lease

    • Contact for pricing
      1,315 SF

      New Retail Space in Evans

      Class A retail center in a thriving downtown Evans area.
      935 Ronald Reagan Dr, Evans, GA 30809
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    • Contact for pricing
      1,415 SF

      Retail Space in Evans Crossing

      Established shopping center with Kroger anchor and move-in ready space.
      4355 Washington Rd, Evans, GA 30809
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Space in Riverwood Town Center near high-traffic Washington Road.
      5119 Washington Rd, Evans, GA 30809
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space Anchored by Publix

      Retail space available in Evans, GA, anchored by Publix.
      4272 Washington Rd, Evans, GA 30809
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    • Contact for pricing
      1,500 SF

      Retail Space in Pheasant Run

      1500 SF retail space with great visibility.
      4336 Washington Rd, Evans, GA 30809
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    • Contact for pricing
      2,820 SF

      Adaptive Mixed-Use Development in Evans

      9-acre mixed-use development with retail and apartments.
      850 Ronald Reagan Dr, Evans, GA 30809
      View Details
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    Evans, GA 30809-3960
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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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