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    5870 Veterans Parkway Columbus, GA 31909

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    Pending
    $975,000

    COMMERCIAL - Columbus, GA

    Property size:
    4,981 SF
    Lot size:
    0.19 Acres
    Added:
    Sep 22, 2025
    Days on Market:
    224
    Last Refresh:
    May 3 at 3:06 pm

    Property Features for 5870 Veterans Parkway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    GC
    Parking
    20
    Standard status
    Pending
    APN
    189 020 005 A#
    Size
    4,981 SF
    Lot size
    0.19 Acres

    Utilities

    Utilities
    Water Available
    Heating system
    Electric (Heating)
    Cooling system
    Electric, Central Air

    Building Details

    Year built
    1998
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Carpet, Concrete
    Building materials
    Block

    We can help!

    Listing Contact
    Lamar Fields
    Lamar Fields

    Listing agent Lamar Fields License #112290

    Listing office Keller Williams Realty River Cities 6053 VETERANS PKWY STE 200, Columbus, GA

    Listing date Sep 22, 2025

    MLS# 222267

    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

    Versatile Flex Space on Parkway

    Located in a commercial shopping center off Veterans Parkway in Columbus, GA, this 4,981 square foot flex space offers a combination of retail, office, reception area, training space, and storage areas. Zoned GC, the property is well-suited for any business needing a mix of functional spaces. The main floor includes three office or training rooms, a retail showroom or storefront area, two restrooms and multiple storage spaces. Upstairs features two additional office or training rooms along with large storage areas that can be converted into more office space. The property benefits from high visibility, with over 24,000 cars passing by daily on Veterans Parkway. Ample parking is available for staff and clients. Situated on a 0.19-acre lot, this property presents an opportunity for businesses seeking flexibility and room to expand in a central Columbus location. Seller may consider a leaseback of the pool area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Luxe & Mane Salon Hair Salon Snatched Beauty LLC Spa & Massage Center Fins and Flippers ISR Swimming School Locs, Twists, Braids ... Hair Salon River City Scuba Vocational School

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Columbus Granite & Tile — 5771 Veterans Pkwy # E, Columbus, GA 31904
    • Jackson Tile Co — 6329 Catalina Dr, Columbus, GA 31909
    • Kennedy Kitchens And Baths — 2977 Blanchard Pl, Columbus, GA 31909

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.9567641
    Latitude
    32.5310861

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    FAQs

    What type of property is this?
    Showroom - Retail, office, and storage space in central Columbus location.
    Where is this showroom located?
    The property is located at 5870 Veterans Parkway Columbus, GA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: High‑traffic location on Veterans Parkway with over 24,000 vehicles passing daily, providing excellent business visibility.; Versatile flex space suitable for retail, office, training, and storage, accommodating diverse business needs.; Ample parking available for staff and clients.
    (706) 221-6900
    We can help!
    Listing Contact
    Lamar Fields
    Lamar Fields
    Real Estate License ID: 112290
    Learn More
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    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.

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    5870 Veterans Parkway, Columbus, GA 31909

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