Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    502 Georgia Ave North Augusta, SC 29841-3702

    • Retail space
    • 1,560 SF
    • 0.24 lot acres
    OFF-MARKET
    Value Estimations
    $190,000
    Show details
    Cap Rate Potential
    8%
    Retail space
    Location Intelligence
    Property ID
    US77-1278614
    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

    • North Augusta Feed & Seed / Garden Center / Animal Feed Store

    Property Details for 502 Georgia Ave

    Year built
    1927
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.24 lot acres
    Property size
    1,560 SF
    Property type
    Retail space
    APN
    007-10-20-013
    APU
    71020013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $185,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $250,000
      6.5%
      $230,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $154,000
      Market price range: $102k - $259k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $165,000
      Current use
      OFFICE BUILDING
      $275,000
      Change: +67% Conversion: Easy
      WAREHOUSE, STORAGE
      $270,000
      Change: +63% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $260,000
      Change: +56% Conversion: Difficult
      MEDICAL BUILDING
      $250,000
      Change: +50% 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
    -81.9713
    Latitude
    33.494
    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
    $1,499
    $2,109
    $4,274
    $6,383
    -
    $83,630
    $169,500
    $253,130

    Comparable in this City

    • Value Estimation
      $185,000
      1,056 SF

      358 Edgefield Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,056 SF
      358 Edgefield Rd, North Augusta, SC 29841-2409
      View Details
    • Value Estimation
      $170,000
      5,000 SF

      975 Old Plantation Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      975 Old Plantation Rd, North Augusta, SC 29841-1004
      View Details
    • Value Estimation by Request
      3,450 SF

      509 Old Edgefield Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,450 SF
      509 Old Edgefield Rd, North Augusta, SC 29841-4243
      View Details
    • Value Estimation
      $225,000
      8,075 SF

      1817 Georgia Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,075 SF
      1817 Georgia Ave, North Augusta, SC 29841-2900
      View Details
    • Value Estimation
      $240,000
      3,250 SF

      606 Edgefield Rd Ste, Unit 101

      RETAIL STORES (PERSONAL SERVICES) • 3,250 SF
      606 Edgefield Rd Ste, North Augusta, SC 29841-1909
      View Details
    • Value Estimation
      $555,000
      23,292 SF

      603 Martintown Rd Ste, Unit 4

      RETAIL STORES (PERSONAL SERVICES) • 23,292 SF
      603 Martintown Rd Ste, North Augusta, SC 29841-4201
      View Details

    Similar Nearby for Sale

    • $725,000
      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
      36,105 SF

      Former Grocery Store For Sale

      Former grocery store in a busy retail corridor.
      417 E Martintown Rd, North Augusta, SC 29841
      View Details
    • $865,000
      7,700 SF

      Retail Property on Georgia Avenue

      Retail property for sale with investment or end-user potential.
      133 Georgia Ave, North Augusta, SC 29841
      View Details
    • Contact for pricing

      Former Grocery Store For Sale

      Former grocery store on busy retail corridor with ample parking.
      North Augusta, SC 29841
      View Details
    • $865,000
      7,700 SF

      Downtown North Augusta Bar/Restaurant

      Historic 7,700 SF Retail Opportunity
      133 Georgia Ave, North Augusta, SC 29841
      View Details
    • $1,200,000
      0.83 Acres

      Edgefield Road Commercial Property

      North Augusta Office Building, 6380 sq ft
      332 Edgefield 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
    • 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
    • $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
    • $12 SF/Yr
      7,560 SF

      Belvedere Road Retail Space

      North Augusta retail/office suites, 700-7,560 sqft.
      519 Belvedere Clearwater Rd, North Augusta, SC 29841
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    502 Georgia Ave
    North Augusta, SC 29841-3702
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.