Mixed-Use Property with
For Sale
$470,000
1120 21st Street, Columbus, GA 31901
Commercial Sale, Columbus, GA
Property Size4,225 SF
Lot Size0.75 Acres
Price / SF$111.24
Days on Market97
Property Features for 1120 21st Street
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Fenced
Lot features
Street Lights, Free Standing
Directions
From 12th Ave South Turn Right Onto 21st St.
Subdivision
Muscogee
Standard status
Active
APN
028 024 009
Size
4,225 SF
Lot size
0.75 Acres
Additional Details
Tenant in Place
Yes
Property Use
Mixed Use
Utilities
Utilities
Water Available
Heating system
Natural Gas, Forced Air
Cooling system
Electric, Central Air, Ceiling Fan(s)
Building Details
Year built
1946
Number of units
4
Buildings
4
Listing Agency:
Normand Real Estate, LLC
(706) 395-5424
Listed By:
Dana Carfrey
(706) 662-9128
Added: Jul 31
Changed: Oct 27
Last Checked: Nov 4 at 6:06AM
MLS# 233314
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.
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 mixed-use package combines four buildings, seven storage units, and a vacant lot across multiple addresses on 21st Street. The improvements include three houses, a business-operated building, and storage units positioned along the rear of the property. One storage unit requires repairs, while three are currently vacant. The portfolio occupies 0.75 acres and includes 4,225 square feet of property space.
The properties are situated in Midtown near a hospital in Columbus, Georgia. The site is fenced and has water available, with natural gas and forced-air heating along with electric and central air cooling. The buildings date to 1946 and include tenant-occupied residential and commercial uses.
The properties are situated in Midtown near a hospital in Columbus, Georgia. The site is fenced and has water available, with natural gas and forced-air heating along with electric and central air cooling. The buildings date to 1946 and include tenant-occupied residential and commercial uses.
Key Highlights
- Mixed‑use package includes 4 buildings, 7 storage units, and a vacant lot
- 0.75 acres with 4,225 square feet of property space
- Three houses and one business‑operated building included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,181
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,620
$783.6K
Cap Rate 7%
$559,729
$559.7K
Cap Rate 9%
$435,344
$435.3K
Market Conditions
NOI Build-Up for 4,225 SF
Gross rent
$60.8K $14.40/SF
− Vacancy
−$4.9K −$1.15/SF
EGI
$56.0K $13.25/SF
− OpEx
−$16.8K −$3.97/SF
NOI
$39.2K $9.27/SF
Area
Columbus, GA
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$783,620
Cap Rate 7%
$559,729
Cap Rate 9%
$435,344
Alternative Uses
Best Use
Mixed Use
$690.4K
$604.1K – $805.5K
NOI $48,330 @ 7.0% cap · market cap 10.28%
Second Best
Self Storage
$559.7K
$489.8K – $653.0K
NOI $39,181 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$945.3K
$827.2K – $1.10M
NOI $66,174 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,885
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Tenant-occupied residential and commercial components include rear storage units and a separate vacant lot.
Where is this mixed-use property located?
The property is located at 1120 21st Street Columbus, GA.
What is the asking price?
The asking price for this property is $470,000.
What are key features of this property?
This property features: Mixed‑use package includes 4 buildings, 7 storage units, and a vacant lot; 0.75 acres with 4,225 square feet of property space; Three houses and one business‑operated building included
