101 Maple DrMartinez, GA 30907
- Retail properties
- 7,020 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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