Office-Heavy Flex
New
For Sale
$2,200,000
1 Remitco Way, Columbus, GA 31907
The fully heated and cooled building combines office space with a warehouse area and is zoned LMI for light manufacturing and industrial uses.
Property Size35,500 SF
Lot Size15.50 Acres
Price / SF$61.84
Days on Market1
Property Features for 1 Remitco Way
General Information
Standard status
Active
Size
35,500 SF
Class
B
Total Parking Spaces
171
Lot size
15.50 Acres
Property subtype
Office - General Office
Zoning
LMI
Site & Location
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Clear Height
14 ft
Warehouse Space
2,160 SF
Office Build-Out
33,314 SF
Dock-High Doors
2
Drive-In Doors
1
Sprinkler System
Yes
Conditioned Warehouse
Yes
Building Details
Building Size
35,500 SF
Year Built
1991
Buildings
1
Listing Agency:
SVN | Fall Line Commercial Advisors
Listed By:
Franklin Harcourt · License #343941
(706) 566-9135
Source:
Commercialcafe
Added: Oct 19
Last Checked: Oct 19 at 2:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SVN | Fall Line Commercial Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex facility contains 35,574 square feet on a 15.50-acre site, with 33,414 square feet devoted to office space and 2,160 square feet of warehouse/flex area. Heating and cooling serve the entire building. The property was constructed in 1991 and later expanded and renovated. Warehouse features include 14-foot clear height, two dock-high doors, one grade-level door, and a fire sprinkler system; the site also has 171 parking spaces.
At the corner of Corporate Ridge Parkway and Oneda Drive in Corporate Ridge Business Park, the property is approximately 1.5 miles from Interstate 185. LMI (Light Manufacturing/Industrial) zoning supports office, warehouse, distribution, light manufacturing, and related commercial uses.
At the corner of Corporate Ridge Parkway and Oneda Drive in Corporate Ridge Business Park, the property is approximately 1.5 miles from Interstate 185. LMI (Light Manufacturing/Industrial) zoning supports office, warehouse, distribution, light manufacturing, and related commercial uses.
Key Highlights
- 35,574‑square‑foot building on 15.50 acres
- Office area totals 33,414 square feet, with 2,160 square feet of warehouse/flex space
- Entire building, including warehouse space, is heated and cooled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$192,143
Cap Rate
8.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,842,860
$3.8M
Cap Rate 7%
$2,744,900
$2.7M
Cap Rate 9%
$2,134,922
$2.1M
Market Conditions
NOI Build-Up for 35,574 SF
Gross rent
$243.3K $6.84/SF
− Vacancy
−$17.3K −$0.49/SF
EGI
$226.1K $6.35/SF
− OpEx
−$33.9K −$0.95/SF
NOI
$192.1K $5.40/SF
Area
Columbus, GA
Vacancy
7.10%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,842,860
Cap Rate 7%
$2,744,900
Cap Rate 9%
$2,134,922
Alternative Uses
Best Use
Office B
$5.98M
$5.23M – $6.97M
NOI $418,479 @ 7.0% cap · market cap 19.02%
Second Best
Warehouse
$2.74M
$2.40M – $3.20M
NOI $192,143 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$7.96M
$6.96M – $9.29M
NOI $557,181 @ 7.0% cap · market cap 25.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
14 ft
Clear height
2
Dock-high doors
1
Drive-in doors
Yes
Sprinkler system
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
70
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31907, GA
60,557
Population
25,710
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
91%
High-School Grad
23.8 sq mi
ZIP Area
2,544
Density / Sq Mi
$52,620
Median Household Income
$33,726
Median Earnings
$1,103
Median Rent
$142,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Flex space - The fully heated and cooled building combines office space with a warehouse area and is zoned LMI for light manufacturing and industrial uses.
Where is this flex space located?
The property is located at 1 Remitco Way Columbus, GA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: 35,574‑square‑foot building on 15.50 acres; Office area totals 33,414 square feet, with 2,160 square feet of warehouse/flex space; Entire building, including warehouse space, is heated and cooled
