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    1617 Benning Drive Columbus, GA 31903

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    Claim this Listing
    For Sale
    $265,000

    COMMERCIAL - Columbus, GA

    Property size:
    8,976 SF
    Lot size:
    0.50 Acres
    Price / SF:
    $29/SF
    Added:
    Mar 10, 2026
    Days on Market:
    46
    Last Refresh:
    Apr 24 at 12:06 pm

    Property Features for 1617 Benning Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    GC
    Security features
    Security
    Fencing
    Fenced
    Standard status
    Active
    APN
    063 018 025
    Size
    8,976 SF
    Lot size
    0.50 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Natural Gas

    Building Details

    Year built
    1980
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Concrete
    Building materials
    Metal Siding, Steel Frame
    Roof type
    Metal

    We can help!

    Listing Contact
    Richard Valentini

    Listing agent Richard Valentini

    Listing office Coldwell Banker / Kennon, Parker, Duncan & Davis 5670 WHITESVILLE RD, Columbus, GA

    Listing date Mar 10, 2026

    MLS# 216197

    Copyright © 2026 Columbus Board of Realtors (GA). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Columbus Warehouse with Overhead Rail

    This 8,976 SqFt warehouse is located just off Victory Dr, adjacent to the new Caliber Car Wash. The facility is equipped with an overhead rail system, 110/220/3-phase power, natural gas heating, exhaust and alarm systems, and three 12x14 roll-up doors. The property also includes an exterior water/oil separator and covered bays. It features 200 SqFt of office space, two bathrooms, and a large gravel lot with ample parking. This location is ideal for various industrial uses, offering easy access and high visibility. The property is zoned GC and situated on a 0.5-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    F & B Auto ... Auto Repair Shop

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Ward's Storage — 2009 Phillips St, Columbus, GA 31903
    • Cubesmart — 3560 Victory Dr, Columbus, GA 31903
    • Storage Rentals of America — 3560 Victory Dr, Columbus, GA 31903

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.948525
    Latitude
    32.423536

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    FAQs

    What type of property is this?
    Warehouse - 8,976 SqFt warehouse with convenient features and ample parking.
    Where is this warehouse located?
    The property is located at 1617 Benning Drive Columbus, GA.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Large 8,976 SqFt warehouse space ideal for various industrial uses.; Convenient location just off Victory Dr with easy access and high visibility.; Equipped with essential industrial features: overhead rail system, 110/220/3‑phase power, natural gas heating, exhaust and alarm systems.
    (706) 610-4202
    We can help!
    Listing Contact
    Richard Valentini
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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