101 Maple DrMartinez, GA 30907

  • Retail properties
  • 7,020 SF
For Sale
$1,700,000 View listing

Property Details for 101 Maple Dr

Year built
2005
Lot size
0.57 AC
Property size (Sq ft)
7,020 SF
Zone code
C-2;GEN COMM DISTR
Property type
Retail properties
Property subtype
Strip malls
APN
073C014
APU
073C014

Description

This exceptional investment opportunity presents Maple Street Station, a 13,510 square foot shopping center situated at 101 Maple Drive in Martinez, Georgia (30907), within the Augusta MSA. The property, built in 2000, comprises two single-story buildings encompassing twelve units and benefits from a C-2 zoning designation. Currently boasting a Net Operating Income (NOI) of $132,406 and a 7.79% cap rate, a pro-forma NOI of $165,923 and a 9.76% pro-forma cap rate demonstrates significant upside potential. Recent improvements include a $90,000 investment in roof upgrades and a new coating system. The property enjoys exceptional visibility and accessibility, situated on Columbia Road with high traffic counts exceeding 32,000 vehicles per day. This prime location within a densely populated retail corridor offers a strong tenant mix and substantial growth opportunities through lease-up and rent escalations. The asking price is $1,700,000, translating to $125.83 per square foot. This is a rare chance to acquire a well-maintained, high-performing shopping center with considerable future income potential.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,551,961
    6.5%
    $1,432,580
    7%
    $1,330,253
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,294,416
    Geo Method
    $1,456,451
  • Alternative Use

    Use
    Valuation
    Residential
    $1,208,435
    Hospitality
    $1,106,920
    Educational
    $920,944
    Medical
    $952,617
    Retail
    $1,432,580
101 Maple Dr, Martinez, Georgia

Location Insight

City
Martinez
County
Columbia
State
Georgia
Latitude
33.5071
Longitude
-82.1394
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
$8,222
$77,281
$251,954
$329,235
-
$193,203
$629,886
$823,089

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