Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prime Commercial Land Opportunity Title is generated by Realmo AI

    2960 N Columbia Street, Milledgeville, GA 31061

    View on Map
    Claim this Listing
    For Sale
    $375,000

    LAND - Milledgeville, GA

    Lot size:
    1.76 Acres
    Added:
    Oct 3, 2025
    Days on Market:
    241
    Last Refresh:
    May 31 at 1:06 am

    Property Features for 2960 N Columbia Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    C3
    Standard status
    Active
    APN
    084002B
    Lot size
    1.76 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2393

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1900
    Floors in Building
    1

    We can help!

    Listing Contact
    TONY SMITH

    Listing agent TONY SMITH

    Listing office HomeSmart 10900 Crabapple Road, Atlanta, GA

    Listing date Oct 3, 2025

    MLS# 7662267

    Copyright © 2026 First Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.76‑acre commercial land in a high‑traffic area.
    • C3 (Regional Commercial) zoning allows for diverse development options including retail, hotels, restaurants, and offices.
    • Located on North Columbia Street.
    • Suitable for major development serving a broad regional customer base.
    • Cable Available utility.
    • Rare opportunity for commercial development in Milledgeville.

    Overview

    This is a 1.76-acre commercial land opportunity located on North Columbia Street in Milledgeville, GA. The property is zoned C3 (Regional Commercial), which allows for a wide range of intensive commercial activities. Permitted uses include retail, hotels, restaurants, and offices. The property is located in a high-traffic area, making it suitable for a major development serving a broad regional customer base. Buyers are responsible for verifying all permitted uses and zoning regulations with Baldwin County Planning and Development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Milledgeville
    County
    Baldwin
    State
    Georgia
    Longitude
    -83.282973
    Latitude
    33.172159

    Nearby Similar for Sale

    • $499,000
      960 SF

      Milledgeville Commercial Property For Sale

      Adaptable commercial property in Milledgeville, GA, with high visibility.
      111 ELBERT STREET, Milledgeville, GA 31061
      View Details
    • $699,900
      11,608 SF

      Milledgeville Commercial Opportunity For Sale

      11,608 SF retail/automotive facility on 0.56 acres.
      1890 N Columbia Street, Milledgeville, GA 31061
      View Details
    • $699,900
      11,608 SF

      Milledgeville Retail/Automotive Service Facility

      11,608 SF retail/automotive facility on 0.56 acres.
      1890 N Columbia Street, Milledgeville, GA 31061
      View Details
    • $399,000
      8,294 SF

      Milledgeville Retail Opportunity

      8,294 SF building on 0.52-acre lot near university.
      420 S WILKINSON STREET, Milledgeville, GA 31061
      View Details
    • $399,900
      4,311 SF

      High-Visibility Commercial Property on Columbia Street

      Prime commercial property on Milledgeville's main corridor with high visibility.
      1531 N Columbia Street, Milledgeville, GA 31061
      View Details
    • $395,000
      2,888 SF

      Downtown Milledgeville Versatile Commercial Gem

      Remodeled 2,888 sq ft property near Georgia Military College.
      121 E Baldwin Street, Milledgeville, GA 31061
      View Details
    • $349,900
      1,656 SF

      Two Income-Producing Duplex Buildings

      Two identical duplex buildings with tenants in place, great investment.
      2313 NE LAURA COURT, Milledgeville, GA 31061
      View Details
    • $299,000
      3,993 SF

      Milledgeville Retail/Warehouse Opportunity

      Corner retail/warehouse with high visibility and traffic in Milledgeville.
      1590 N Columbia Street, Milledgeville, GA 31061
      View Details
    • $300,000

      Milledgeville Recreational and Timber Tract

      55+/- acre recreational and timber tract near Milledgeville, Georgia.
      277 Pettigrew Road, Milledgeville, GA 31061
      View Details
    • $1,599,999
      2,800 SF

      91 Acre Milledgeville Land Parcel

      91-acre residential land with home, guest house, and pond.
      2090 N JEFFERSON STREET, Milledgeville, GA 31061-9999
      View Details
    • $298,900
      2,344 SF

      Commercial Building in Milledgeville, GA

      Commercial building with multiple rental spaces and parking.
      1013 Fernwood Drive, Milledgeville, GA 31061
      View Details
    • $575,000

      Lakefront Land Ready to Build

      3.49 acre lake lot near shopping and dining.
      109 Collins Road NW, Milledgeville, GA 31061
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.76-acre commercial land in high-traffic Milledgeville location.
    Where is this commercial land located?
    The property is located at 2960 N Columbia Street Milledgeville, GA.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 1.76‑acre commercial land in a high‑traffic area.; C3 (Regional Commercial) zoning allows for diverse development options including retail, hotels, restaurants, and offices.; Located on North Columbia Street.
    (404) 876-4901
    We can help!
    Listing Contact
    TONY SMITH
    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.
    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

    Thank You for Inquiry
    2960 N Columbia Street, Milledgeville, GA 31061
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!