Fenced Flex
For Sale
$865,000
2500 Blanchard Boulevard, Columbus, GA 31901
Commercial Sale, Columbus, GA
Property Size12,060 SF
Lot Size4.80 Acres
Price / SF$71.72
Days on Market118
Property Features for 2500 Blanchard Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From I-185, Take Exit 7 For Us-27/Victory Drive Toward Downtown Columbus. Continue West On Victory Drive, Then Turn Left Onto Blanchard Boulevard. Property Will Be On The Right At 2500 Blanchard Blvd.
Subdivision
Muscogee
Standard status
Active
APN
042 009 001
Size
12,060 SF
Lot size
4.80 Acres
Building Details
Year built
1971
Number of units
1
Listing Agency:
G2 Commercial Real Estate
(706) 660-5418
Listed By:
Jack Hayes · License #336627
(706) 580-0614
Added: May 7
Changed: Aug 27
Last Checked: Sep 1 at 10:06PM
MLS# 231637
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.
Investment Insights
Based on property information with market context.
This flex property contains 12,060 square feet across warehouse, office, and showroom components. The warehouse portion measures approximately 8,000 square feet and includes 34 loading docks. Approximately 4,000 square feet is configured for office and showroom use, with private offices, storage rooms, and a dedicated showroom area.
The improvements sit on a 4.8-acre fenced lot at 2500 Blanchard Boulevard in Columbus, Georgia. Yard and parking areas are included, providing additional outdoor space alongside the building. Constructed in 1971, the property is suited to distribution, logistics, and industrial operations.
The improvements sit on a 4.8-acre fenced lot at 2500 Blanchard Boulevard in Columbus, Georgia. Yard and parking areas are included, providing additional outdoor space alongside the building. Constructed in 1971, the property is suited to distribution, logistics, and industrial operations.
Key Highlights
- 12,060‑square‑foot flex property on 4.8 acres
- Approximately 8,000 square feet of warehouse area
- 34 loading docks
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
$65,139
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
7.53%
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%
$1,302,780
$1.3M
Cap Rate 7%
$930,557
$930.6K
Cap Rate 9%
$723,767
$723.8K
Market Conditions
NOI Build-Up for 12,060 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
$82.5K $6.84/SF
− Vacancy
−$5.9K −$0.49/SF
EGI
$76.6K $6.35/SF
− OpEx
−$11.5K −$0.95/SF
NOI
$65.1K $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%
$1,302,780
Cap Rate 7%
$930,557
Cap Rate 9%
$723,767
Alternative Uses
Best Use
Office B
$2.03M
$1.77M – $2.36M
NOI $141,869 @ 7.0% cap · market cap 16.40%
Second Best
Warehouse
$930.6K
$814.2K – $1.09M
NOI $65,139 @ 7.0% cap · market cap 7.53%
Theoretical Best
Office A
$2.70M
$2.36M – $3.15M
NOI $188,891 @ 7.0% cap · market cap 21.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
34
Dock-high doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31901, GA
7,126
Population
3,971
Households
1.8
Avg Household Size
36
Median Age
35%
College-Educated
82%
High-School Grad
4.4 sq mi
ZIP Area
1,620
Density / Sq Mi
$47,316
Median Household Income
$35,062
Median Earnings
$893
Median Rent
$208,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - The property combines warehouse, office, showroom, storage, yard, and parking areas.
Where is this flex space located?
The property is located at 2500 Blanchard Boulevard Columbus, GA.
What is the asking price?
The asking price for this property is $865,000.
What are key features of this property?
This property features: 12,060‑square‑foot flex property on 4.8 acres; Approximately 8,000 square feet of warehouse area; 34 loading docks
