Medical Office Space with
For Sale
$899,000
959 17th Street, Columbus, GA 31901
Commercial Sale, Columbus, GA
Property Size5,478 SF
Lot Size0.65 Acres
Price / SF$164.11
Days on Market96
Property Features for 959 17th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
23
Security features
Security
Lot features
Corner Lot
Directions
From Veterans Parkway Heading South Take A Left Onto13th Street. Proceed Over The 13th Street Bridge And Take A Left Onto 10th Street. Take Left Onto 17th Steet And Property Wil Be On The Right.
Subdivision
Muscogee
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
Electric, Central Air
Building Details
Year built
1990
Number of units
1
Flooring type
Vinyl, Carpet
Building materials
Stucco
Roof type
Asphalt
Listing Agency:
Flournoy & Calhoun REALTORS
(706) 327-1990
Listed By:
Boon Bickerstaff · License #401869
(706) 718-0439
Added: Jun 4
Changed: Aug 27
Last Checked: Sep 7 at 11:06PM
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.
Investment Insights
Based on property information with market context.
Built in 1990, this 5,478-square-foot medical office property offers a purpose-equipped layout that can also be adapted for other professional uses. Interior finishes include vinyl and carpet flooring, while electric heating and central air conditioning support year-round operations. The building has a stucco exterior and asphalt roof, with water available to the property.
Positioned on the corner of 10th Avenue and 17th Street in Columbus, the property is near Piedmont Hospital, Veterans Parkway, Uptown Columbus, and I-185. The 0.65-acre site includes 23 on-site parking spaces, providing practical access for patients, staff, and visitors.
Positioned on the corner of 10th Avenue and 17th Street in Columbus, the property is near Piedmont Hospital, Veterans Parkway, Uptown Columbus, and I-185. The 0.65-acre site includes 23 on-site parking spaces, providing practical access for patients, staff, and visitors.
Key Highlights
- 5,478‑square‑foot medical office building constructed in 1990
- Corner position at 10th Avenue and 17th Street in Columbus
- 23 on‑site parking spaces
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
$64,441
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
7.17%
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%
$1,288,820
$1.3M
Cap Rate 7%
$920,586
$920.6K
Cap Rate 9%
$716,011
$716.0K
Market Conditions
NOI Build-Up for 5,478 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
$92.7K $16.92/SF
− Vacancy
−$6.8K −$1.24/SF
EGI
$85.9K $15.68/SF
− OpEx
−$21.5K −$3.92/SF
NOI
$64.4K $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%
$1,288,820
Cap Rate 7%
$920,586
Cap Rate 9%
$716,011
Alternative Uses
Best Use
Office B
$920.6K
$805.5K – $1.07M
NOI $64,441 @ 7.0% cap · market cap 7.17%
Second Best
Healthcare Medical
$919.3K
$804.4K – $1.07M
NOI $64,350 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,800 @ 7.0% cap · market cap 9.54%
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
2,073
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31901, GA
7,126
Population
3,971
Households
1.8
Avg Household Size
36
Median Age
35%
College-Educated
82%
High-School Grad
4.4 sq mi
ZIP Area
1,620
Density / Sq Mi
$47,316
Median Household Income
$35,062
Median Earnings
$893
Median Rent
$208,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Similar Off Market Nearby
- Uptown Veterinary Clinic — 301 13th St Suite 100, Columbus, GA 31901
Frequently Asked Questions
What type of property is this?
Medical Office Space - Fully equipped medical facility with flexible professional-use potential and convenient access to major Columbus destinations.
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 $899,000.
What are key features of this property?
This property features: 5,478‑square‑foot medical office building constructed in 1990; Corner position at 10th Avenue and 17th Street in Columbus; 23 on‑site parking spaces
