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

    3715 1St Ave Columbus, GA 31904

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $5 SF/Yr

    Clean, renovated warehouse space available near downtown Columbus and Phenix City.

    Building Details

    Year built
    1930

    We can help!

    Listing Contact
    Jack Hayes, Sior, Ccim
    Source: Naiglobal

    Listing Agent: Jack Hayes, Sior, Ccim

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

    Learn more

    Overview

    Renovated Warehouse Near Major Highways

    This renovated warehouse space, totaling approximately 52,180 square feet, will be available September 1, 2024. The space includes around 1,000 square feet of office area, restrooms, and new LED lighting. The warehouse was previously USDA certified for food storage. It features 14-foot clear ceilings, 20-foot by 25-foot column bays, a fire sprinkler system, and heating and ventilation throughout the warehouse. A new TPO roof was installed in 2019. The property includes two 8-foot by 10-foot loading docks. Located one block west of 2nd Avenue, the property offers immediate access to J.R. Allen Parkway/US 80, Manchester Expressway/GA 85, and I-185. It is conveniently located near downtown Columbus and Phenix City.
    Location Intelligence

    Current Use by Public Records

    The Bibb Mill Event ... Hotel & Motel River Mill Storage Storage Facility Lowe Electric Supply ... Building Supply Chattahoochee Riverwalk, Columbus, ... Resort Panasonic Freight Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.9935978
    Latitude
    32.4988099

    Nearby Similar for Lease

    • $1,200 /Mo
      Pending

      Medical Office in Midtown Columbus

      Midtown Columbus medical office space available for lease.
      3910 Rosemont Dr, Columbus, GA 31904
      View Details
    • $1,300 /Mo
      1,200 SF

      Office Space in Columbus, GA

      1200 SF office space available for rent.
      1661 13Th St, Columbus, GA 31901
      View Details
    • $1,500 /Mo
      4,600 SF

      Uptown Columbus Office Space

      Office space in the heart of Uptown Columbus near amenities.
      900 2Nd Ave, Columbus, GA 31901
      View Details
    • $1,800 /Mo
      2,160 SF

      Fortson Office Building with Storage

      2,160 SF office building with exterior storage available for lease.
      2970 Smith Rd, Fortson, GA 31808
      View Details
    • $2,500 /Mo
      1,500 SF

      Columbus Office Space For Lease

      1500 SF office space for lease in Columbus, GA.
      1955 Northside Industrial Blvd, Columbus, GA 31904
      View Details
    • $638 /Mo
      21,470 SF

      Office Spaces For Rent

      Multiple office spaces available, ranging from 143 to 530 square feet.
      18 9Th St, Columbus, GA 31901
      View Details
    • Contact for pricing

      GA, Columbus - Veterans Pkwy

      Discover many ways to work your way in Downtown
      5547 Veterans Pkwy 1Rst &, Columbus, GA 31904
      View Details
    • $3,500 /Mo
      3,285 SF

      Columbus Commercial Building For Rent

      3,285 SF building with excellent visibility and ample parking.
      4219 Holly Ave, Columbus, GA 31904
      View Details
    • $638 /Mo
      21,470 SF

      Uptown Columbus Office Building

      Five-story office building in the heart of Uptown Columbus.
      18 9Th St, Columbus, GA 31901
      View Details
    • $2,000 /Mo
      2,984 SF

      Retail Space in Columbus, GA

      Retail property available for lease in Columbus, Georgia.
      2600 Hamilton Rd, Columbus, GA 31904
      View Details
    • $2,450 /Mo
      5,800 SF

      North Columbus Flex Space Available

      5,800 SF flex space with retail potential in Columbus.
      7560 Kayne Blvd, Columbus, GA 31909
      View Details
    • $15 SF/Yr
      5,704 SF

      Former Bank Building with Drive-Thru

      5,704 SF former bank with drive-thru available for lease.
      1535 Benning Dr, Columbus, GA 31903
      View Details

    FAQs

    What type of property is this?
    Warehouse - Clean, renovated warehouse space available near downtown Columbus and Phenix City.
    Where is this warehouse located?
    The property is located at 3715 1St Ave Columbus, GA.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - Immediate access to J.R. Allen Parkway, Manchester Expressway, and I-185; - 52,180 SF of renovated warehouse space available September 1, 2024; - Previously USDA certified for food storage
    (706) 580-0614
    Request Owner's contact information
    3715 1St Ave Columbus, GA 31904
    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.
    3715 1St Ave
    Columbus, GA 31904
    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
    3715 1St Ave Columbus, GA 31904
    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
    Jack Hayes, Sior, Ccim
    Real Estate License ID: #000094654
    (706) 580-0614
    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!