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    5106 Wrightsboro Rd Grovetown, GA 30813

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    5106 Wrightsboro Rd Grovetown, GA 30813

    View on Map
    • Strip malls
    • 4,200 SF
    • 1.23 lot acres
    For Lease
    $2,240,000
    View Listing →
    Retail Strip Center in Grovetown For Lease
    $2,240,000

    Retail Strip Center in Grovetown

    Retail strip center with high visibility in Grovetown, Georgia.

    5106 Wrightsboro Rd, Grovetown, GA 30813
    View Listing
    Property ID
    US22-1531565
    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
    $2,240,000
    Cap Rate Potential
    2.2%
    Strip malls
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 5106 Wrightsboro Rd

    Year built
    2006
    Lot size
    1.23 lot acres
    Property size
    4,200 SF
    Zone code
    C-2;GEN COMM DISTR
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    G03 001B
    APU
    G03001B

    Description

    Forrest Plaza, a 23,101 square foot retail center in Grovetown, Georgia, offers exceptional opportunities for businesses seeking high-visibility locations. Built in 2006 and zoned C-2;GEN CO (APN: G03 001B), this multi-tenant property boasts 20 suites, with two currently available spaces ranging from 580 to 1,050 square feet. The minimum divisible space is 900 square feet. The center enjoys a prime location just off the intersection of Horizon South Parkway and Wrightsboro Road, a high-traffic area with 13,700 vehicles passing daily, providing excellent visibility to potential customers. The strong tenant mix includes diverse businesses such as restaurants, insurance offices, and personal care services, creating a vibrant and thriving commercial environment. Current tenants include New China, Maxima Title Pawn, Affordable Auto Insurance, Odom Chiropractic, Clouds Hookah Lounge, Tienda Latina, Global Insurance, Papa Johns, Cricket Wireless, D's Beauty Station, Mi Riconcito Mexican Restaurant, Armando's Pizzeria, and Jamie's Beauty Shop. Ample parking is available for tenants and customers. The property's proximity to Fort Eisenhower, the US Army's Signal Center and School, and the Cyber Center of Excellence ensures a consistent flow of potential clientele. This is an ideal location for a variety of retail businesses seeking a strong presence in a growing community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,240,000
      ML approach
      $2,240,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,550,000
      OFFICE BUILDING
      $1,415,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Grovetown
    County
    Columbia
    State
    Georgia
    Longitude
    -82.1962
    Latitude
    33.4574
    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
    $16,609
    $207,169
    $355,913
    $563,082
    -
    $517,922
    $889,782
    $1,407,704

    Comparable in this City

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      View Details
    • Value Estimation
      $985,000
      10,761 SF

      500 Oxbow Dr

      SHOPPING CENTER, STRIP CENTER • 10,761 SF
      500 Oxbow Dr, Grovetown, GA 30813-5133
      View Details
    • Value Estimation by Request
      5,082 SF

      5108 Wrightsboro Rd

      SHOPPING CENTER, STRIP CENTER • 5,082 SF
      5108 Wrightsboro Rd, Grovetown, GA 30813-2807
      View Details
    • Value Estimation by Request
      4,970 SF

      520 Robinson Ave

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      View Details
    • Value Estimation
      $880,000
      7,560 SF

      9606 Bentley Dr

      SHOPPING CENTER, STRIP CENTER • 7,560 SF
      9606 Bentley Dr, Grovetown, GA 30813-0280
      View Details
    • Value Estimation
      $830,000
      6,600 SF

      427 Lewiston Rd

      SHOPPING CENTER, STRIP CENTER • 6,600 SF
      427 Lewiston Rd, Grovetown, GA 30813-4221
      View Details

    Similar Nearby for Sale

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      1,419 SF

      Versatile Commercial Property For Sale

      General commercial property with high visibility and accessibility.
      587 E Robinson Ave, Grovetown, GA 30813
      View Details
    • $389,900

      High-Traffic Commercial Space for Sale

      1,192 sq ft commercial space suitable for retail/office/restaurant.
      5310 Wrightsboro Rd, Grovetown, GA 30813
      View Details
    • $349,900
      1,192 SF

      Grovetown Commercial Space For Sale

      1,192 sq ft commercial space in high-traffic Grovetown location.
      5310 Wrightsboro Rd, Grovetown, GA 30813
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    • Contact for pricing

      Commercial Property Near Fort Eisenhower

      Versatile commercial property suitable for retail, medical, or office use.
      587 E Robinson Ave, Grovetown, GA 30813
      View Details
    • Contact for pricing
      1,192 SF

      High-Traffic Commercial Space For Sale

      1,192 sq ft commercial space in high-traffic Grovetown location.
      5310 Wrightsboro Rd, Grovetown, GA 30813
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,360 SF

      Retail Space in Kroger Center

      Retail space available within a Kroger Marketplace shopping center.
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      View Details
    • Contact for pricing

      Retail Strip Center in Grovetown

      Retail strip center with high visibility in Grovetown, Georgia.
      5106 Wrightsboro Rd, Grovetown, GA 30813
      View Details
    • Contact for pricing
      16,000 SF

      Retail Space on Wrightsboro Road

      16,000 SF retail space with loading dock available for rent.
      5107 Wrightsboro Rd, Grovetown, GA 30813
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Near Interstate 20

      Retail space adjacent to established businesses, near Interstate 20.
      417 Lewiston Rd, Grovetown, GA 30813
      View Details
    • Contact for pricing
      1,000 SF

      Retail Space Near Residential Development

      Retail space suitable for various businesses near residential area.
      501 Oxbow Dr, Grovetown, GA 30813
      View Details
    • $17 SF/Yr

      New Flex Building in Grovetown

      Affordable flex space near I-20, suitable for retail, office, storage.
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      View Details
    View Listing
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    Grovetown, GA 30813
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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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