Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2424 Dawson St Columbus, GA 31903

    • Commercial real estate
    • 0.17 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2120585
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2424 Dawson St

    Lot size
    0.17 lot acres
    Property type
    Commercial real estate
    APN
    041 023 030

    Description

    This exceptional investment opportunity presents four contiguous residential lots totaling approximately 1.88 acres for sale in a package deal. Strategically located on Dawson Street in Columbus, Georgia, these parcels offer significant potential for residential development. The properties are zoned RMF2, providing flexibility for various building plans. The individual lot sizes vary, with one measuring 0.17 acres (APN: 041-023-030), another at 0.5 acres (APN: 041-022-006), a third spanning 1 acre (APN: 041-022-004), and the final lot encompassing 0.21 acres (APN: 048-011-019). The combined acreage presents a unique opportunity for a builder or developer seeking to expand their portfolio with a substantial land acquisition in a desirable location. The proximity to Fort Benning adds further appeal, offering potential for housing development catering to military personnel and their families. This package is priced competitively at $40,000, representing a compelling value for the combined land area and its strategic location within Muscogee County, Georgia, zip code 31903. The properties are conveniently located at 2424, 2516, 2602, and 2709 Dawson Street.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.956131
    Latitude
    32.44745

    Comparable in this City

    • $1,140,000
      1,000 SF

      Columbus, GA Portfolio Opportunity

      Portfolio of 16 single-family homes and 1 commercial lot.
      Trask Dr, Columbus, GA 31903
      View Details
    • $131,000
      0.50 Acres

      Versatile Commercial Lots with Expansion Potential

      Two commercial lots with building and expansion opportunities in Columbus.
      2338 Lumpkin Rd, Columbus, GA 31903
      View Details
    • $2,600,000
      29,000 SF

      Multifamily Property in Columbus, Georgia

      40-unit apartment building with recent renovations and strong income.
      3815 Baker Plaza Dr, Columbus, GA 31903
      View Details
    • $44,900
      Pending

      Columbus Duplex Fixer-Upper Opportunity

      Duplex in Columbus, GA with investment and multi-generational potential.
      3 Kent Ct, Columbus, GA 31903
      View Details
    • New
      $44,900
      Pending

      Duplex Fixer-Upper in Columbus, GA

      Investment opportunity: duplex with two units on a spacious lot.
      3 Kent Ct, Columbus, GA 31903
      View Details
    • $355,000
      4,100 SF

      Columbus Portfolio: Four Single-Family Homes

      Updated, low-maintenance properties with reliable renters in high-demand area.
      903 Winston Rd, Columbus, GA 31903
      View Details

    Similar Nearby for Sale

    • $1,140,000
      1,000 SF

      Columbus, GA Portfolio Opportunity

      Portfolio of 16 single-family homes and 1 commercial lot.
      Trask Dr, Columbus, GA 31903
      View Details
    • $131,000
      0.50 Acres

      Versatile Commercial Lots with Expansion Potential

      Two commercial lots with building and expansion opportunities in Columbus.
      2338 Lumpkin Rd, Columbus, GA 31903
      View Details
    • New
      $44,900
      Pending

      Duplex Fixer-Upper in Columbus, GA

      Investment opportunity: duplex with two units on a spacious lot.
      3 Kent Ct, Columbus, GA 31903
      View Details
    • $2,600,000
      29,000 SF

      Multifamily Property in Columbus, Georgia

      40-unit apartment building with recent renovations and strong income.
      3815 Baker Plaza Dr, Columbus, GA 31903
      View Details
    • $44,900
      Pending

      Columbus Duplex Fixer-Upper Opportunity

      Duplex in Columbus, GA with investment and multi-generational potential.
      3 Kent Ct, Columbus, GA 31903
      View Details
    • $355,000
      4,100 SF

      Columbus Portfolio: Four Single-Family Homes

      Updated, low-maintenance properties with reliable renters in high-demand area.
      903 Winston Rd, Columbus, GA 31903
      View Details

    Similar Nearby for Lease

    • $495 /Mo

      Columbus, GA Vacant Land Pad

      Vacant land pad ready for immediate move-in in Columbus, GA.
      3150 Plateau Dr, Columbus, GA 31903
      View Details
    • $495 /Mo

      Columbus, GA Vacant Land Pad

      Vacant land pad ready for immediate move-in in Columbus, GA.
      3150 Plateau Dr, Columbus, GA 31903
      View Details
    • $495 /Mo

      Columbus, GA Vacant Land Pad

      Vacant land pad ready for immediate move-in in Columbus, GA.
      3150 Plateau Dr, Columbus, GA 31903
      View Details
    • $495 /Mo

      Columbus, GA Vacant Land Pad

      Vacant land pad ready for immediate move-in in Columbus, GA.
      3110 Victory Dr, Columbus, GA 31903
      View Details
    • $495 /Mo

      Ready Pad in Columbus, GA

      Vacant pad available for immediate move-in in Columbus, GA.
      3110 Victory Dr, Columbus, GA 31903
      View Details
    • $495 /Mo

      Columbus, GA Vacant Land

      Vacant land available for rent in Columbus, GA.
      3110 Victory Dr, Columbus, GA 31903
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2424 Dawson St
    Columbus, GA 31903
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.