Mixed-Use Portfolio with
New
For Sale
$475,000
1120 21st Street, Columbus, GA 31901
COMMERCIAL - Columbus, GA
Property Size4,225 SF
Lot Size0.75 Acres
Price / SF$112.43
Days on Market6
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
03-W C Columbus
Standard status
Active
APN
028 024 009
Size
4,225 SF
Lot size
0.75 Acres
Utilities
Utilities
Water Available
Heating system
Forced Air, Natural Gas
Cooling system
Electric, Central Air, Ceiling Fan(s)
Building Details
Year built
1946
Number of units
4
Listing Agency:
Normand Real Estate, LLC
(706) 395-5424
Listed By:
Dana Carfrey
(706) 662-9128
Added: Jul 31
Changed: Aug 4
Last Checked: Aug 5 at 6:06PM
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.
Investment Insights
Based on property information with market context.
This mixed-use portfolio spans 0.75 acres and includes four buildings, seven storage units, and a vacant lot across multiple 21st Street addresses in Columbus. The buildings provide 4,225 square feet of space, while the storage units extend across the rear of the property. Three storage units are currently vacant, and one requires repairs.
The portfolio is positioned in Midtown near a hospital and includes fencing and water availability. Improvements date to 1946, with forced-air and natural-gas heating plus electric, central-air, and ceiling-fan cooling systems. The property combines residential and commercial occupancy with additional storage components.
The portfolio is positioned in Midtown near a hospital and includes fencing and water availability. Improvements date to 1946, with forced-air and natural-gas heating plus electric, central-air, and ceiling-fan cooling systems. The property combines residential and commercial occupancy with additional storage components.
Key Highlights
- Four buildings, seven storage units, and a vacant lot across multiple 21st Street addresses
- 0.75‑acre mixed‑use portfolio with 4,225 square feet of building area
- Three storage units currently vacant; one storage unit needs repairs
Financial Insights For Self Storage
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.8k | $14.40 |
| − Vacancy | −$4.9k | −$1.15 |
| EGI | $56.0k | $13.25 |
| − OpEx | −$16.8k | −$3.97 |
| NOI | $39.2k | $9.27 |
4,225 SF · lease $14.40/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$690.4K
$604.1K – $805.5K
NOI $48,330 @ 7.0% cap · market cap 10.17%
Second Best
Self Storage
$559.7K
$489.8K – $653.0K
NOI $39,181 @ 7.0% cap · market cap 8.25%
Theoretical Best
Office A
$945.3K
$827.2K – $1.10M
NOI $66,174 @ 7.0% cap · market cap 13.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,790
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
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Portfolio includes occupied buildings, rear storage units, and a vacant lot along 21st Street.
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 $475,000.
What are key features of this property?
This property features: Four buildings, seven storage units, and a vacant lot across multiple 21st Street addresses; 0.75‑acre mixed‑use portfolio with 4,225 square feet of building area; Three storage units currently vacant; one storage unit needs repairs
