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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.
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 | - |
1 1
Property Taxes
| Parcel Number | 0334001030 | Total Assessment | $159,406 (2025) |
| Land Assessment | $28,226 (2025) | Annual Taxes | $5,349 ($1.07/SF) |
| Improvements Assessment | $131,180 (2025) | Tax Year | 2024 |
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
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2945 Walton Way Ext
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