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    447 Belair Rd Evans, GA 30809-3090
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    447 Belair Rd Evans, GA 30809-3090

    View on Map
    • Office buildings
    • 13,788 SF
    • 62.74 lot acres
    Off-Market
    Last Sale Oct 9, 2023
    $8,660,000
    Property ID
    US22-1701037
    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
    $8,790,000
    Show details
    Cap Rate Potential
    2.5%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • University Health Care System Evans Campus / Medical Clinic
    • Piedmont Hospital Laboratory / Medical Laboratory
    • Universiy Hospital: Zhang Zhenrong MD / Physician
    • Prompt Care & Occupational Medicine Centers / Medical Clinic
    • Keith L Davis MD| Plastic Surgery Pavilion| Augusta GA / Medical Clinic

    Property Details for 447 Belair Rd

    Year built
    1998
    Construction
    CONCRETE BLOCKS
    Lot size
    62.74 lot acres
    Property size
    13,788 SF
    Property type
    Office buildings
    APN
    073 022
    APU
    73022

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,920,000
      ML approach
      $9,810,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,921,000
      Market price range: $2.37M - $8.92M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $6,115,000
      Current use
      RESTAURANT
      $6,645,000
      Change: +9% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Evans
    County
    Columbia
    State
    Georgia
    Longitude
    -82.128
    Latitude
    33.5304
    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
    $0.00
    $2,862,271
    $2,462,137
    $5,324,408
    -
    $7,155,677
    $6,155,342
    $13,311,019

    Comparable in this City

    • Value Estimation by Request
      1,178 SF

      4657 Washington Rd

      OFFICE BUILDING • 1,178 SF
      4657 Washington Rd, Evans, GA 30809
      View Details
    • Value Estimation by Request
      2,400 SF

      4193 Crosstowne Ct

      OFFICE BUILDING • 2,400 SF
      4193 Crosstowne Ct, Evans, GA 30809-3664
      View Details
    • Value Estimation by Request
      2,484 SF

      Columbia Rd

      OFFICE BUILDING • 2,484 SF
      Columbia Rd, Evans, GA 30809
      View Details
    • Value Estimation
      $570,000
      3,258 SF

      4342 Evans To Lcks Rd

      OFFICE BUILDING • 3,258 SF
      4342 Evans To Lcks Rd, Evans, GA 30809-4098
      View Details
    • Value Estimation
      $1,150,000
      3,146 SF

      235 Belair Rd

      OFFICE BUILDING • 3,146 SF
      235 Belair Rd, Evans, GA 30809-3203
      View Details
    • Value Estimation by Request
      2,531 SF

      119 Belair Rd

      OFFICE BUILDING • 2,531 SF
      119 Belair Rd, Evans, GA 30809-3205
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Addison Square Mixed-Use Development

      Buildable pads in a mixed-use development in Evans, Georgia.
      00 Addison Sq, Evans, GA 30809
      View Details
    • $650,000
      3.74 Acres

      Evans, GA Land Opportunity

      Cleared 3.74-acre site suitable for office, warehouse, or special uses.
      Wheeler Rd, Evans, GA 30809
      View Details
    • Contact for pricing

      Commercial Lot in Evans Medical

      Corner commercial lot suitable for medical, office, or business.
      801 Swindell Ct, Evans, GA 30809
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    • $159,900
      0.50 Acres

      Evans, GA Commercial Lot

      Commercial lot in Evans medical district, suitable for various uses.
      801 Swindell Ct, Evans, GA 30809
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    • $117,000
      0.31 Acres

      Land in Bell Tower

      Residential land in an exclusive community on the Savannah River.
      731 Campana Dr, Evans, GA 30809
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    • $111,000
      0.46 Acres

      Land in Evans, Georgia

      Residential land in an exclusive community near the Savannah River.
      3129 Carillon Way, Evans, GA 30809
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    Similar Nearby for Lease

    • 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
      1,072 SF

      Evans Office Space For Rent

      Office space available for lease in Evans, Georgia.
      629 Ronald Reagan Dr, Evans, GA 30809
      View Details
    • $24 SF/Yr
      4,000 SF

      Evans Office Space For Rent

      Office space available for rent in Evans, Georgia.
      425 N Belair Rd, Evans, GA 30809
      View Details
    • Contact for pricing

      Mixed-Use Plaza at Evans Towne

      Multi-use development with retail, office, and residential spaces.
      7025 Evans Town Center Blvd, Evans, GA 30809
      View Details
    • $2,100 /Mo
      2,000 SF

      Professional Office Space Available

      Ready office space with reception, offices, conference room, restrooms.
      3961 Columbia Rd, Evans, GA 30809
      View Details
    • $13 SF/Yr

      Evans Flex Office/Warehouse Units

      Flex units in Evans Town Center, perfect for service businesses.
      3001 Mccrary Ct, Evans, GA 30809
      View Details
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    447 Belair Rd
    Evans, GA 30809-3090
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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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