Office/Warehouse Flex
For Sale
Contact for pricing
Pending
1308 Talbotton Road, Columbus, GA 31901
Versatile office and warehouse layout with roll-up door access and fenced yard storage for contractor and light industrial use.
Property Size4,864 SF
Days on Market82
Property Features for 1308 Talbotton Road
General Information
Standard status
Pending
Size
4,864 SF
Class
C
Property subtype
Industrial
Zoning
LMI
Investment Type
Owner/User
Site & Location
Traffic Count
8,300 vehicles/day
Fenced Yard
Yes
Additional Details
Drive-In Doors
4
Building Details
Year Built
1965
Buildings
1
Stories
1
Listing Agency:
Coldwell Banker Commercial - KPDD
(706) 566-2916
Listed By:
Blake Carter · License #450145
Source:
Crexi
Added: Jun 4
Changed: Aug 8
Last Checked: Jul 24 at 6:28PM
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 Coldwell Banker Commercial - KPDD
Investment Insights
Based on property information with market context.
This flex office/warehouse property totals 4,864± sf and is designed for adaptable commercial use. Improvements include approximately 1,339 sf of office space, 1,319 sf of heated and cooled production area, and 2,212 sf of warehouse/shop space. Interior walls can be reconfigured to fit future operating needs. Four roll-up doors provide convenient access from both the front and rear of the building. For additional operational flexibility, the site includes a fenced parking and storage yard with an automatic gate, as well as an 864± sf storage building behind the main improvements with a newer roof.
Recent capital improvements include exterior painting, new gutters, replacement of plumbing fixtures, HVAC installation in portions of the building, and a newer roof on part of the facility. The property is centrally located in Midtown Columbus with access to major employment centers, downtown Columbus, and regional transportation corridors. It is approximately 0.75 miles from Piedmont Columbus Regional Midtown, 1.25 miles from downtown Columbus, and less than one mile from Veterans Parkway. The building is clearly visible from Warm Springs Road, with over 8,300 vehicles per day.
The combination of office, heated production space, warehouse access, and secured outdoor storage makes the property well-suited for contractors, service businesses, light manufacturers, and other owner-users looking for an all-in-one facility.
Recent capital improvements include exterior painting, new gutters, replacement of plumbing fixtures, HVAC installation in portions of the building, and a newer roof on part of the facility. The property is centrally located in Midtown Columbus with access to major employment centers, downtown Columbus, and regional transportation corridors. It is approximately 0.75 miles from Piedmont Columbus Regional Midtown, 1.25 miles from downtown Columbus, and less than one mile from Veterans Parkway. The building is clearly visible from Warm Springs Road, with over 8,300 vehicles per day.
The combination of office, heated production space, warehouse access, and secured outdoor storage makes the property well-suited for contractors, service businesses, light manufacturers, and other owner-users looking for an all-in-one facility.
Key Highlights
- 4,864± SF office/warehouse building with flexible layout for commercial and industrial users
- Includes approx. 1,339 SF office, 1,319 SF heated/cooled production area, and 2,212 SF warehouse/shop space
- Four roll‑up doors with convenient access from both the front and rear of the building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,635
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.87%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$432,700
$432.7K
Cap Rate 7%
$309,071
$309.1K
Cap Rate 9%
$240,389
$240.4K
Market Conditions
NOI Build-Up for 4,864 SF
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.
Gross rent
$33.3K $6.84/SF
− Vacancy
−$2.4K −$0.49/SF
EGI
$30.9K $6.35/SF
− OpEx
−$9.3K −$1.91/SF
NOI
$21.6K $4.45/SF
Area
Columbus, GA
Vacancy
7.10%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$432,700
Cap Rate 7%
$309,071
Cap Rate 9%
$240,389
Alternative Uses
Best Use
Warehouse
$375.3K
$328.4K – $437.9K
NOI $26,271 @ 7.0% cap · market cap 9.55%
Second Best
Industrial
$309.1K
$270.4K – $360.6K
NOI $21,635 @ 7.0% cap · market cap 7.87%
Theoretical Best
Office A
$1.09M
$952.3K – $1.27M
NOI $76,183 @ 7.0% cap · market cap 27.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
8,300 VPD
Traffic count
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,707
Businesses Nearby
Under-served
Demand for This Use
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?
Flex space - Versatile office and warehouse layout with roll-up door access and fenced yard storage for contractor and light industrial use.
Where is this flex space located?
The property is located at 1308 Talbotton Road Columbus, GA.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 4,864± SF office/warehouse building with flexible layout for commercial and industrial users; Includes approx. 1,339 SF office, 1,319 SF heated/cooled production area, and 2,212 SF warehouse/shop space; Four roll‑up doors with convenient access from both the front and rear of the building
