Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3716 University Avenue Columbus, GA 31907

    View on Map
    Picture of Land at 3716 University Avenue, Columbus, GA
    Pending
    $350,000

    LAND - Columbus, GA

    Lot size:
    2.08 Acres
    Added:
    Feb 10, 2026
    Days on Market:
    50
    Last Refresh:
    Apr 1 at 2:06 pm

    Property Features for 3716 University Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    SFR2
    Standard status
    Pending
    APN
    068 023 001
    Lot size
    2.08 Acres

    Utilities

    Utilities
    Water Available

    We can help!

    Listing Contact
    Carson Cummings
    Carson Cummings

    Listing agent Carson Cummings

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

    Listing date Feb 10, 2026

    MLS# 224423 Listing URL

    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

    Vacant Land Near University

    This property consists of 2.08 acres of vacant land situated at the corner of University Avenue and Arkansas Drive in Columbus, Georgia. The site is currently zoned for single-family residential use (SFR2) but offers the potential for rezoning to accommodate multi-family or commercial development. The property is located across the street from Columbus State University, making it an ideal location for student-oriented housing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.932374
    Latitude
    32.499578

    Nearby Similar for Sale

    • $949,000
      5,478 SF

      Turnkey Medical Office Near Hospital

      Medical office space near Piedmont Hospital, Columbus, GA.
      959 17th Street, Columbus, GA 31901
      View Details
    • $500,000
      3,855 SF

      Columbus Investment Property For Sale

      Three-unit building in Columbus's North End, generating nearly $5,000 monthly.
      4982 Warm Springs Road, Columbus, GA 31909
      View Details
    • $850,000
      5,704 SF

      Former Bank Building on Victory

      Versatile commercial building with drive-thru, ideal for financial services.
      1535 Benning Drive, Columbus, GA 31903
      View Details
    • $1,350,000
      6,208 SF

      Renovated Medical Office Building

      Turnkey medical office in rapidly growing Midland area.
      6480 Milgen Road, Columbus, GA 31907
      View Details
    • $289,900
      5,400 SF

      Columbus Commercial Building For Sale

      5,400 sq ft commercial building in Columbus, Georgia.
      5251 Buena Vista Road, Columbus, GA 31907
      View Details
    • $500,000
      6,480 SF

      Columbus Industrial/Flex Building on Victory

      6,480 SF industrial/flex building on 1.38-acre lot.
      3290 Victory Drive, Columbus, GA 31903
      View Details
    • $775,000
      10,000 SF

      Columbus Flex Space For Sale

      10,000 SF flex space in West Central Columbus.
      4140 Hamilton Road, Columbus, GA 31904
      View Details
    • $1,800,000
      6,505 SF

      Premium Medical Office in Columbus

      Turnkey medical office space in thriving medical community.
      1240 Brookstone Centre Parkway, Columbus, GA 31904
      View Details
    • $550,000
      16,882 SF

      Spacious Church Property for Sale

      Unique 16,882 sqft church with renovation potential.
      1301 17th Street, Columbus, GA 31901
      View Details
    • $250,000
      2,464 SF

      Medical Office Near Piedmont Hospital

      2,464 SF medical office space for sale.
      1030 Center Street, Columbus, GA 31901
      View Details
    • $775,000

      Columbus Flex Space on Hamilton

      Versatile flex space building on a busy Columbus thoroughfare.
      4140 Hamilton Road, Columbus, GA 31904
      View Details
    • $850,000
      4,032 SF

      Versatile Office Building in Columbus

      One-story office building with rental income potential in Columbus, GA.
      7559 Kayne Boulevard, Columbus, GA 31909
      View Details

    FAQs

    What type of property is this?
    Land - 2.08 acres of vacant land with rezoning potential.
    Where is this land located?
    The property is located at 3716 University Avenue Columbus, GA.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: **2.08 acres of vacant land** across from Columbus State University.; Potential for rezoning to multi‑family or commercial use.; Ideal site for **student‑oriented housing**.
    (706) 289-2468
    We can help!
    Listing Contact
    Carson Cummings
    Carson Cummings
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!