Occupied Storefront
For Sale
$150,000
4327 Victory Drive, Columbus, GA 31903
Commercial Sale, Columbus, GA
Property Size609 SF
Lot Size0.60 Acres
Price / SF$246.31
Days on Market298
Property Features for 4327 Victory Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
20
Lot features
Curbs
Directions
Take I 185 South To Victory Drive Towards Downtown Columbus. Property Will Be On The Right.
Subdivision
Muscogee
Standard status
Active
APN
062 065 025 & 0
Size
609 SF
Lot size
0.60 Acres
Utilities
Utilities
Water Available
Heating system
Electric (Heating)
Building Details
Year built
1962
Number of units
1
Building materials
Frame, Metal Siding
Roof type
Asphalt
Listing Agency:
Flournoy & Calhoun REALTORS
(706) 327-1990
Listed By:
Boon Bickerstaff · License #401869
(706) 718-0439
Added: Nov 13, 2025
Changed: Aug 27
Last Checked: Sep 7 at 6:06PM
MLS# 224466
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 occupied storefront property includes a 609-square-foot building on a 0.6-acre parcel. Constructed in 1962, the building features frame construction with metal siding, an asphalt roof, and electric heating. Water is available at the property.
The site is located at 4327 Victory Drive in Columbus, Georgia, near the connection to I-185 and convenient to Ft. Benning. The existing occupancy adds an established operating context for the property. The building and parcel provide a compact commercial footprint along Victory Drive.
The site is located at 4327 Victory Drive in Columbus, Georgia, near the connection to I-185 and convenient to Ft. Benning. The existing occupancy adds an established operating context for the property. The building and parcel provide a compact commercial footprint along Victory Drive.
Key Highlights
- 609‑square‑foot storefront building on a 0.6‑acre parcel
- Occupied commercial property at 4327 Victory Drive, Columbus, GA 31903
- Near I‑185 and convenient to Ft. Benning
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
$7,418
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
4.95%
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%
$148,360
$148.4K
Cap Rate 7%
$105,971
$106.0K
Cap Rate 9%
$82,422
$82.4K
Market Conditions
NOI Build-Up for 609 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
$11.1K $18.24/SF
− Vacancy
−$511 −$0.84/SF
EGI
$10.6K $17.40/SF
− OpEx
−$3.2K −$5.22/SF
NOI
$7.4K $12.18/SF
Area
Columbus, GA
Vacancy
4.60%
Lease Rate
$18.24 /SF/Yr
Expense Ratio
30.00%
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%
$148,360
Cap Rate 7%
$105,971
Cap Rate 9%
$82,422
Alternative Uses
Best Use
Retail
$106.0K
$92.7K – $123.6K
NOI $7,418 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$136.3K
$119.2K – $159.0K
NOI $9,539 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
166
Businesses Nearby
42k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 24%
Hotels & Casinos 9%
Raceway
Shops & Services
25,673 visits/mo
0.4 miles
Waffle House
Dining
6,903 visits/mo
0.1 miles
Holiday Inn Express & Suites Columbus-Fort Benning
Hotels & Casinos
2,547 visits/mo
0.5 miles
U-Haul
Shops & Services
1,816 visits/mo
0.5 miles
Papa John's Pizza
Dining
1,728 visits/mo
0.4 miles
Demographics for 31903, GA
20,703
Population
9,593
Households
2.2
Avg Household Size
34
Median Age
8%
College-Educated
76%
High-School Grad
10.0 sq mi
ZIP Area
2,070
Density / Sq Mi
$29,488
Median Household Income
$27,063
Median Earnings
$873
Median Rent
$75,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial space with an existing occupant along Victory Drive near I-185.
Where is this storefront property located?
The property is located at 4327 Victory Drive Columbus, GA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 609‑square‑foot storefront building on a 0.6‑acre parcel; Occupied commercial property at 4327 Victory Drive, Columbus, GA 31903; Near I‑185 and convenient to Ft. Benning
