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    Property profile & analytics

    5119 Washington Rd Evans, GA 30809

    • Community centers
    • 63,892 SF
    • 8.61 lot acres
    For Lease
    View listing
    Value Estimations
    $1,130,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-0934887
    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

    • Publix Pharmacy at Riverwood Town Center / Pharmacy / Medical Center
    • Publix Super Market at Riverwood Town Center / Wine Store / Supermarket
    • City National Bank - Presto ATM / Atm / Bank
    • higi / Health Consultant
    • Western Union / Money Transfer Service

    Property Details for 5119 Washington Rd

    Year built
    2009
    Construction
    CONCRETE BLOCKS
    Lot size
    8.61 lot acres
    Property size
    63,892 SF
    Zone code
    PUD
    Property type
    Community centers
    APN
    065 003F
    APU
    065003F

    Description

    This exceptional retail opportunity is located in the thriving Riverwood Town Center in Evans, Georgia, within Columbia County. The property offers a highly visible location with excellent access and ample parking. Currently, 7,300 square feet of space is available for lease, divisible into units ranging from a minimum of 1,200 square feet to a maximum contiguous space of 4,800 square feet. The site boasts a strong tenant mix, anchored by a Publix supermarket and complemented by a diverse range of businesses including Mi Rancho, Anytime Fitness, Ironwood Tavern, Subway, Sky Nails, Madison Julia's Salon, Marcella's Cigars, Great Clips, Cart Barn, and Woody's Spirits. Additional surrounding businesses include McDonald's, Security Federal, CVS, and Riverwood Dental Care, creating a vibrant and well-established commercial environment. This prime outparcel location provides exceptional visibility and accessibility for businesses seeking a high-traffic retail space in a rapidly growing area. The address is 5119 Washington Rd, Evans, GA 30809. This is an ideal opportunity for businesses seeking a strong presence in a successful retail center. The property is categorized as a retail outparcel/pad with multiple tenancy options.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $935,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,324,000
      Market price range: $1.24M - $2.79M

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

    Location Insight

    • Map
    • Local Demand
    City
    Evans
    County
    Columbia
    State
    Georgia
    Longitude
    -82.193
    Latitude
    33.5732
    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
    $75,292
    $1,708,305
    $1,306,748
    $3,015,053
    -
    $4,270,762
    $3,266,870
    $7,537,632

    Comparable in this City

    • Value Estimation by Request
      399,999 SF

      3950 Evans To Locks Rd

      Lifestyle centers • 399,999 SF
      3950 Evans To Locks Rd, Evans, GA 30809
      View Details
    • Value Estimation
      $695,000
      40,503 SF

      526 Belair Rd

      MINI-MALL • 40,503 SF
      526 Belair Rd, Evans, GA 30809-3344
      View Details
    • Value Estimation
      $930,000
      52,043 SF

      4099 Riverwood Pkwy

      MINI-MALL • 52,043 SF
      4099 Riverwood Pkwy, Evans, GA 30809
      View Details
    • Value Estimation
      $590,000
      30,516 SF

      4225 Washington Rd

      MINI-MALL • 30,516 SF
      4225 Washington Rd, Evans, GA 30809-3355
      View Details
    • Value Estimation
      $965,000
      57,512 SF

      4408 Evans To Lcks Rd, Unit 1

      MINI-MALL • 57,512 SF
      4408 Evans To Lcks Rd, Evans, GA 30809-0120
      View Details
    • Value Estimation
      $620,000
      76,919 SF

      4272 Washington Rd

      MINI-MALL • 76,919 SF
      4272 Washington Rd, Evans, GA 30809-3074
      View Details

    Similar Nearby for Sale

    • $379,000
      1.00 Acre

      Evans GA Commercial Land Investment

      Prime 1-acre development site, C-2 zoning.
      4521 Washington Rd, Evans, GA 30809
      View Details
    • $1,187,000
      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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    • Contact for pricing
      20.51 Acres

      Evans, GA Retail Land Opportunity

      Prime 20-acre retail tract near Patriot's Park
      2207 William Few Pkwy, Evans, GA 30809
      View Details
    • $2,495,000
      11.37 Acres

      Evans Development Site

      Land • 11.37 Acres
      3921 Evans To Locks Rd, Evans, GA 30809
      View Details
    • $800,000
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      Evans, GA Commercial Land

      Prime 1.33-acre commercial lot
      4548 Washington Rd, Evans, GA 30809
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    • $3,500,000
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      Evans Commercial Land - 10 Acres

      Prime 10-acre commercial lot in Evans, GA
      4410 Washington Rd, Evans, GA 30809
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      1,300 SF

      Evans Retail Space: Prime Location

      1,300 sq ft retail space in thriving Evans, GA.
      5119 Washington Rd, Evans, GA 30809
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space Anchored by Publix

      Retail space available in Evans, GA, anchored by Publix.
      4272 Washington Rd, Evans, GA 30809
      View Details
    • $17 SF/Yr
      1,500 SF

      Retail Space in Pheasant Run

      1500 SF retail space with great visibility.
      4336 Washington Rd, Evans, GA 30809
      View Details
    • $26 SF/Yr
      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
      View Details
    • $24 SF/Yr
      2,645 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
    • $16 SF/Yr
      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
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    Evans, GA 30809
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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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