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2945 Walton Way Ext 4,984 SF Office Building Augusta, GA 30909 $895,000 ($179.57/SF) 7.48% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Fully leased to a quality corporate tenant with stable income
  • Strong demographics with over 149,000 residents within 5 miles
  • Located in Augusta’s high-income West Walton Way corridor
  • Zoned P-1 for professional office use, built in 1992

EXECUTIVE SUMMARY

Positioned in the heart of Augusta’s professional corridor, 2945 Walton Way presents a rare opportunity to acquire a fully leased office investment with enduring appeal. This 4,984 SF building, constructed in 1992, is zoned P-1 and features a quality corporate tenant in place, offering immediate income and long-term stability. The property’s strategic location ensures excellent visibility and accessibility, with proximity to major thoroughfares and a strong surrounding demographic profile.
The area within a one-mile radius boasts an average household income of $129,489 and a population of nearly 7,000, while the five-mile radius expands to over 149,000 residents. This affluent and growing community supports a robust demand for professional services, making the asset well-positioned for sustained performance. The building itself is well-maintained and structurally sound, ideal for investors seeking a turnkey acquisition in a thriving market.
With a cap rate of 7.48% and net operating income of $66,917, this offering combines financial strength with locational advantage. Whether expanding a portfolio or entering the Augusta market, this property delivers on both stability and upside potential.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL ANNUAL PER SF
Gross Rental Income $77,252 $15.50
Other Income - -
Vacancy Loss - -
Effective Gross Income $77,252 $15.50
Taxes $5,349 $1.07
Operating Expenses $4,986 $1.00
Total Expenses $10,335 $2.07
Net Operating Income $66,917 $13.43

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual $77,252
Annual Per SF $15.50
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $77,252
Annual Per SF $15.50
Taxes
Annual $5,349
Annual Per SF $1.07
Operating Expenses
Annual $4,986
Annual Per SF $1.00
Total Expenses
Annual $10,335
Annual Per SF $2.07
Net Operating Income
Annual $66,917
Annual Per SF $13.43

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Property Subtype
Medical
Building Size
4,984 SF
Building Class
B
Year Built
1992
Price
$895,000
Price Per SF
$179.57
Cap Rate
7.48%
NOI
$66,917
Tenancy
Single
Building Height
2 Stories
Typical Floor Size
2,492 SF
Building FAR
0.21
Lot Size
0.54 AC
Zoning
P-1 - Physicians, health care, insurance, lawyers, engineers, architects, and similar professional uses.
Parking
22 Spaces (4.41 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Security System
  • Wheelchair Accessible
  • Storage Space

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • NextStep Care
  • Health Care and Social Assistance
  • -
  • $15.50
  • Modified Gross
  • Sep 2028
  • Paces, LLC
  • Health Care and Social Assistance
  • -
  • -
  • Modified Gross
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
NextStep Care Health Care and Social Assistance - $15.50 Modified Gross Sep 2028
Paces, LLC Health Care and Social Assistance - - Modified Gross -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0334001030
Land Assessment
$28,226 (2025)
Improvements Assessment
$131,180 (2025)
Total Assessment
$159,406 (2025)
Annual Taxes
$5,349 ($1.07/SF)
Tax Year
2024
  • Listing ID: 35266928

  • Date on Market: 3/26/2025

  • Last Updated:

  • Address: 2945 Walton Way Ext, Augusta, GA 30909

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