Light Industrial Warehouse with
New
For Sale
$650,000
1535 Jacqueline Drive, Columbus, GA 31907
Commercial Sale, Columbus, GA
Property Size7,891 SF
Lot Size1.08 Acres
Price / SF$87.94
Days on Market4
Property Features for 1535 Jacqueline Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
15
Lot features
City Lot, Industrial Park, Level
Directions
GPS Friendly
Standard status
Active
APN
086 037 001
Size
7,391 SF
Lot size
1.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
4721
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Heat Pump (Heating)
Cooling system
Electric
Water source
Public
Amenities
finished apartment
Building Details
Year built
1983
Roof type
Metal
Listing Agency:
Go Realty
(706) 884-3882
Listed By:
Angela L Cotton-Jones · License #248069
(706) 957-1699
Added: Oct 1
Last Checked: Oct 4 at 2:06AM
MLS# 10856374
Copyright © 2026 Georgia Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This light industrial warehouse includes multiple roll-up doors and a loading dock. A finished apartment on the property has a full kitchen, living room, bedroom, and bathroom. The building was constructed in 1983 and has a metal roof, heat pump heating, and electric cooling.
The property occupies 1.08 acres and is served by public water and sewer. Cable is available.
The property occupies 1.08 acres and is served by public water and sewer. Cable is available.
Key Highlights
- 1.08‑acre property
- Multiple roll‑up doors and a loading dock
- Finished apartment with full kitchen, living room, bedroom, and bath
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,920
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$798,400
$798.4K
Cap Rate 7%
$570,286
$570.3K
Cap Rate 9%
$443,556
$443.6K
Market Conditions
NOI Build-Up for 7,391 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.6K $6.84/SF
− Vacancy
−$3.6K −$0.49/SF
EGI
$47.0K $6.35/SF
− OpEx
−$7.0K −$0.95/SF
NOI
$39.9K $5.40/SF
Area
Columbus, GA
Vacancy
7.10%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$798,400
Cap Rate 7%
$570,286
Cap Rate 9%
$443,556
Alternative Uses
Best Use
Warehouse
$570.3K
$499.0K – $665.3K
NOI $39,920 @ 7.0% cap · market cap 6.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,762 @ 7.0% cap · market cap 17.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31907, GA
60,557
Population
25,710
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
91%
High-School Grad
23.8 sq mi
ZIP Area
2,544
Density / Sq Mi
$52,620
Median Household Income
$33,726
Median Earnings
$1,103
Median Rent
$142,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Warehouse - The property combines warehouse space with a finished apartment featuring a full kitchen, living room, bedroom, and bath.
Where is this warehouse located?
The property is located at 1535 Jacqueline Drive Columbus, GA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1.08‑acre property; Multiple roll‑up doors and a loading dock; Finished apartment with full kitchen, living room, bedroom, and bath
