Brick Office
For Sale
$219,999
Pending
3103 Mercury Drive, Columbus, GA 31906
SINGLE_FAMILY - Columbus, GA
Property Size1,480 SF
Lot Size0.18 Acres
Days on Market47
Property Features for 3103 Mercury Drive
General Information
Property type
Residential
Property subtype
Office
Zoning
NC
Parking
5
Lot features
Free Standing
Directions
Take I-185 S To Exit 6/Macon Road. Take A Right Onto Macon Road. Take A Right Onto Mercury Drive. Office Is On The Left.
Subdivision
03-W C Columbus
Standard status
Pending
APN
067029028
Size
1,480 SF
Lot size
0.18 Acres
Utilities
Cooling system
Central Air, Electric
Building Details
Year built
1979
Number of units
1
Flooring type
Carpet
Building materials
Brick
Roof type
Built-Up
Listing Agency:
Southern Collection Real Estate LLC
(706) 905-5731
Listed By:
Amanda Collins
(706) 366-0137
Added: Jul 7
Changed: Aug 4
Last Checked: Aug 22 at 7:06PM
MLS# 231868
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 brick office building on 0.177 acres was built in 1979 and offers 1,480 SF of office space. Interior finishes include carpet flooring. The building is cooled with electric, central air, and it has a built-up roof.
Located at 3103 Mercury Drive in Columbus, Georgia, the property is positioned for strong visibility with road frontage, prominent signage, and easy customer access. The site includes on-site parking and is described as being beside two long-established local restaurants, supporting consistent daily traffic in a busy commercial area.
The building is presented as suitable for a range of professional office, service, or small business uses under NC zoning.
Located at 3103 Mercury Drive in Columbus, Georgia, the property is positioned for strong visibility with road frontage, prominent signage, and easy customer access. The site includes on-site parking and is described as being beside two long-established local restaurants, supporting consistent daily traffic in a busy commercial area.
The building is presented as suitable for a range of professional office, service, or small business uses under NC zoning.
Key Highlights
- 0.177‑acre lot with 1,480 SF office building
- Zoned NC
- Built in 1979 with brick construction
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
$17,410
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
7.91%
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%
$348,200
$348.2K
Cap Rate 7%
$248,714
$248.7K
Cap Rate 9%
$193,444
$193.4K
Market Conditions
NOI Build-Up for 1,480 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
$25.0K $16.92/SF
− Vacancy
−$1.8K −$1.24/SF
EGI
$23.2K $15.68/SF
− OpEx
−$5.8K −$3.92/SF
NOI
$17.4K $11.76/SF
Area
Columbus, GA
Vacancy
7.30%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
25.00%
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%
$348,200
Cap Rate 7%
$248,714
Cap Rate 9%
$193,444
Alternative Uses
Best Use
Office B
$248.7K
$217.6K – $290.2K
NOI $17,410 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$331.2K
$289.8K – $386.4K
NOI $23,181 @ 7.0% cap · market cap 10.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
622
Businesses Nearby
Explore this area
Business Placement
Demographics for 31906, GA
21,835
Population
11,046
Households
2
Avg Household Size
38
Median Age
31%
College-Educated
86%
High-School Grad
6.9 sq mi
ZIP Area
3,164
Density / Sq Mi
$41,913
Median Household Income
$35,820
Median Earnings
$872
Median Rent
$170,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Zoned NC, built in 1979 with brick construction, electric central air, and on-site parking.
Where is this office building located?
The property is located at 3103 Mercury Drive Columbus, GA.
What is the asking price?
The asking price for this property is $219,999.
What are key features of this property?
This property features: 0.177‑acre lot with 1,480 SF office building; Zoned NC; Built in 1979 with brick construction
