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    Turnkey Medical Office Near Hospital Title is generated by Realmo AI

    959 17th Street, Columbus, GA 31901

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    For Sale
    $949,000

    COMMERCIAL - Columbus, GA

    Property size:
    5,478 SF
    Lot size:
    0.65 Acres
    Price / SF:
    $173/SF
    Added:
    May 26, 2026
    Days on Market:
    3
    Last Refresh:
    May 28 at 3:06 pm

    Property Features for 959 17th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    23
    Security features
    Security
    Standard status
    Active
    APN
    017 006 001
    Size
    5,478 SF
    Lot size
    0.65 Acres

    Utilities

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

    Building Details

    Year built
    1990
    Number of units
    1
    Flooring type
    Carpet, Vinyl
    Building materials
    Stucco
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Boon Bickerstaff
    Boon Bickerstaff

    Listing agent Boon Bickerstaff License #401869

    Listing office Flournoy & Calhoun REALTORS 2520 Wynnton Road, Columbus, GA

    Listing date May 26, 2026

    MLS# 230719

    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.

    HighLights

    • $50,000 renovation allowance provided by the owner.
    • Turnkey, fully equipped 5,478 sq ft medical office space.
    • Prime location near Piedmont Hospital with convenient access to major routes.
    • Easily reconfigurable for other professional uses.
    • 23 on‑site parking spaces.
    • Highly visible corner lot with excellent curb appeal and landscaping.

    Overview

    This 5,478-square-foot commercial building is located in Columbus, GA, near Piedmont Hospital, with convenient access to Veterans Parkway, Uptown Columbus, and I-185. The property is currently equipped for medical use but could be reconfigured for other professional needs. Situated on the corner of 10th Avenue and 17th Street, the property features attractive landscaping and a well-maintained exterior. The site includes 23 on-site parking spaces. The owner is offering $50,000 towards renovation costs with an accepted offer. The property is located in Muscogee County on a 0.65-acre lot.

    Financial Insights

    Value Estimation Calculated for Office B

    Conservative
    $716.0K
    NOI $64,441 @ 9.00% cap · cautious / downside scenario
    Moderate
    $920.6K
    NOI $64,441 @ 7.00% cap · market / base-case scenario
    Aggressive
    $1.29M
    NOI $64,441 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Office B

    Component $ $/SF
    Gross rent $92.7k $16.92
    − Vacancy −$6.8k −$1.24
    EGI $85.9k $15.68
    − OpEx −$21.5k −$3.92
    NOI $64.4k $11.76
    5,478 SF · lease $16.92/SF/yr · vacancy 7.30% · expense 25.00%

    Alternative Use Scenarios

    Best Use
    Office B
    $920.6K
    $805.5K – $1.07M (±1% cap)
    NOI $64,441 @ 7.0% cap · market cap 6.79%
    Second Best
    Healthcare Medical
    $919.3K
    $804.4K – $1.07M (±1% cap)
    NOI $64,350 @ 7.0% cap · market cap 6.78%
    Theoretical Best
    Office A
    $1.23M
    $1.07M – $1.43M (±1% cap)
    NOI $85,800 @ 7.0% cap · market cap 9.04%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dr. Otis L. ... Physician Aranas And Stitt Mds Physician Dr. N. Bande ... Pediatrician

    Suggested Use

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

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

    Similar Places Nearby

    • Uptown Veterinary Clinic — 301 13th St Suite 100, Columbus, GA 31901

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.9800022
    Latitude
    32.4788951

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    FAQs

    What type of property is this?
    Medical Office Space - Equipped medical office space near Piedmont Hospital in Columbus, GA.
    Where is this medical office space located?
    The property is located at 959 17th Street Columbus, GA.
    What is the asking price?
    The asking price for this property is $949,000.
    What are key features of this property?
    This property features: $50,000 renovation allowance provided by the owner.; **Turnkey, fully equipped 5,478 sq ft medical office space.**; Prime location near Piedmont Hospital with convenient access to major routes.
    (706) 718-0439
    We can help!
    Listing Contact
    Boon Bickerstaff
    Boon Bickerstaff
    Real Estate License ID: 401869
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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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