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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    502 Furys Fry Rd Martinez, GA 30907-8961

    • Strip malls
    • 12,000 SF
    • 5.18 lot acres
    OFF-MARKET
    Last Sale
    Jun 04, 2024
    $7,800,000
    Value Estimations
    $7,800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0865085
    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

    • Strip malls

    Property Details for 502 Furys Fry Rd

    Year built
    2006
    Construction
    BRICK
    Lot size
    5.18 lot acres
    Property size
    12,000 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    078 178A
    APU
    078178A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $7,800,000
      ML approach
      $7,800,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $5,785,000
      WAREHOUSE, STORAGE
      $5,565,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Martinez
    County
    Columbia
    State
    Georgia
    Longitude
    -82.0811
    Latitude
    33.5377
    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
    $14,228
    $206,182
    $363,578
    $569,760
    -
    $515,454
    $908,945
    $1,424,399

    Comparable in this City

    • Value Estimation
      $1,950,000
      12,800 SF

      280 Belair Rd

      SHOPPING CENTER, STRIP CENTER • 12,800 SF
      280 Belair Rd, Martinez, GA 30907-9469
      View Details
    • Value Estimation
      $1,055,000
      6,730 SF

      315 Belair Rd

      SHOPPING CENTER, STRIP CENTER • 6,730 SF
      315 Belair Rd, Martinez, GA 30907-9184
      View Details
    • Value Estimation
      $1,505,000
      12,000 SF

      4497 Columbia Rd

      SHOPPING CENTER, STRIP CENTER • 12,000 SF
      4497 Columbia Rd, Martinez, GA 30907-4287
      View Details
    • Value Estimation
      $2,875,000
      40,906 SF

      4480 Columbia Rd

      SHOPPING CENTER, STRIP CENTER • 40,906 SF
      4480 Columbia Rd, Martinez, GA 30907-4253
      View Details
    • Value Estimation
      $1,300,000
      6,630 SF

      103 Maple Dr

      SHOPPING CENTER, STRIP CENTER • 6,630 SF
      103 Maple Dr, Martinez, GA 30907-4283
      View Details
    • Value Estimation
      $825,000
      6,917 SF

      3843 Martinez Blvd

      SHOPPING CENTER, STRIP CENTER • 6,917 SF
      3843 Martinez Blvd, Martinez, GA 30907-2696
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3.53 Acres

      West Augusta Retail Land Development

      Prime 3.53-Acre Retail Site, High Traffic
      146 Mason Mcknight Jr Pkwy, Augusta, GA 30907
      View Details
    • $1,800,000
      2,736 SF

      Restaurant Building with Drive-Thru

      2,736 SF restaurant building constructed in 2022 with drive-thru.
      3118 Washington Rd, Augusta, GA 30907
      View Details
    • $699,000
      3,132 SF

      Prime Augusta Convenience Store

      Vacant Retail Building, High Traffic Area
      3026A Washington Rd, Augusta, GA 30907
      View Details
    • $1,300,000
      10,000 SF

      Prime Martinez Retail Space

      10,000 SF freestanding building, high traffic area.
      4090 Washington Rd, Martinez, GA 30907
      View Details
    • $2,500,000
      2,736 SF

      Augusta Restaurant - For Sale

      Prime Augusta restaurant, high traffic location.
      3118 Washington Rd, Augusta, GA 30907
      View Details
    • $6,300,000
      61,002 SF

      Turn-Key Retail Property For Sale

      61,000 SF retail property with high traffic volume.
      250 Bobby Jones Expy, Augusta, GA 30907
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Retail Space Anchored by Publix

      Retail space with high visibility and strong tenant mix.
      403 Furys Ferry Rd, Martinez, GA 30907
      View Details
    • $21 SF/Yr
      1,333 SF

      Retail Space in Walmart Center

      Endcap retail space with high visibility and foot traffic.
      280 S Belair Rd, Martinez, GA 30907
      View Details
    • Contact for pricing
      2,400 SF

      Village at Furys Ferry Retail Space

      Prime Augusta, GA retail center
      3851 Evans To Locks Rd, Augusta, GA 30907
      View Details
    • Contact for pricing
      52,100 SF

      Belair Village Shopping Center

      Augusta, GA Retail Space Available
      365 Belair Rd, Augusta, GA 30907
      View Details
    • $25 SF/Yr
      84,696 SF

      Merchants Village Retail Center

      Martinez, GA Strip Mall - 1,400 SF Available
      4115 Columbia Rd, Martinez, GA 30907
      View Details
    • $30 SF/Yr
      2,100 SF

      Augusta Retail Center For Lease

      Prime Augusta Shopping Center - Fully Vacant
      630 Crane Creek Dr, Augusta, GA 30907
      View Details
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    502 Furys Fry Rd
    Martinez, GA 30907-8961
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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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