Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    213 16Th St Columbus, GA 31901

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $800,000

    8-Unit Multifamily, High Demand Area

    Property size:
    4,552 SF

    Property Features for 213 16Th St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,552 SF
    Lot Size
    3,920 SF

    Building Details

    Year Built
    1912

    We can help!

    Listing Contact
    Gabrielle Johnson

    Listing Agency: The Armani Agency Listing Agent: Gabrielle Johnson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional investment opportunity is a lightly remodeled, two-story multifamily building located in Columbus, Georgia's vibrant Uptown district. The property comprises eight units: one two-bedroom apartment, six one-bedroom apartments, and one studio apartment, offering immediate cash flow potential. Situated on a 0.09-acre lot, the 4,552 square foot building benefits from its prime location near Columbus State University, St. Francis Hospital, and the Uptown Columbus entertainment district. Proximity to major employment centers, healthcare facilities, and transportation routes ensures a consistent tenant pool. The property's location offers easy access to numerous attractions, including the Chattahoochee Riverwalk, the Columbus Museum, the Columbus Civic Center, and the National Infantry Museum. This presents a strong value-add opportunity for investors seeking long-term appreciation in a rapidly developing area with high rental demand. The diverse mix of unit sizes ensures stable cash flow and potential for future rental income growth. This is an ideal investment for those seeking a turnkey property in a desirable and convenient location. The asking price is $800,000.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.98954
    Latitude
    32.47649

    Nearby Similar for Sale

    • $850,000
      4,032 SF

      Versatile Office Building in Columbus

      One-story office building with rental income potential in Columbus, GA.
      7559 Kayne Blvd, Columbus, GA 31909
      View Details
    • $775,000
      10,000 SF

      Columbus Flex Space on Hamilton

      Versatile flex space building on a busy Columbus thoroughfare.
      4140 Hamilton Rd, Columbus, GA 31904
      View Details
    • $790,000
      2,000 SF

      Columbus Retail Opportunity For Sale

      Retail property in Columbus, GA, ideal for commercial ventures.
      924 9Th Ave, Columbus, GA 31901
      View Details
    • $500,000
      6,480 SF

      Columbus Industrial/Flex Building on Victory

      6,480 SF industrial/flex building on 1.38-acre lot.
      3290 Victory Dr, Columbus, GA 31903
      View Details
    • $850,000
      5,704 SF

      Former Bank Building on Victory

      Versatile commercial building with drive-thru, ideal for financial services.
      1535 Benning Dr, Columbus, GA 31903
      View Details
    • $225,000
      2,514 SF

      Columbus Commercial Opportunity: Three Structures

      Two-lot property with three commercial structures in a desirable area.
      1124 20Th St, Columbus, GA 31901
      View Details
    • Contact for pricing
      10,124 SF

      Columbus Office Building on Warm Springs

      Two-story office building on Warm Springs Road in Columbus, GA.
      1906 Warm Springs Rd, Columbus, GA 31904
      View Details
    • $289,900
      1,290 SF

      Historic Office Building Near Courthouse

      Charming historic office building near courthouse with classic character.
      215 9Th St, Columbus, GA 31901
      View Details
    • $219,500
      1,257 SF

      Commercial Building on Gentian Boulevard

      Centrally located commercial building with parking and high visibility.
      3717 Gentian Blvd, Columbus, GA 31907
      View Details
    • $159,000
      Pending

      High Visibility Commercial Opportunity

      Ready-to-operate commercial space with high traffic and income potential.
      3980 Veterans Pkwy, Columbus, GA 31904
      View Details
    • $589,000
      16,882 SF

      Remarkable Church Renovation Opportunity

      Unique church property with renovation potential in Columbus, Georgia.
      1301 17Th St, Columbus, GA 31901
      View Details
    • $165,000
      5,186 SF

      Columbus Commercial Property with Renovation Potential

      Three buildings on 1.8 acres with renovation potential.
      2677 Reese Rd, Columbus, GA 31907
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 8-Unit Multifamily, High Demand Area
    Where is this commercial real estate located?
    The property is located at 213 16Th St Columbus, GA.
    What is the asking price?
    The asking price for this property is $800,000.
    (470) 795-9682
    Request Owner's contact information
    213 16Th St Columbus, GA 31901
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    213 16Th St
    Columbus, GA 31901
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    213 16Th St Columbus, GA 31901
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Gabrielle Johnson
    Real Estate License ID: 373234
    (470) 795-9682
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!