Clear-Span
For Sale
$97,500
1321 Webster Avenue, Columbus, GA 31901
Commercial Sale, Columbus, GA
Property Size1,872 SF
Lot Size0.16 Acres
Price / SF$52.08
Days on Market56
Property Features for 1321 Webster Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GC
Directions
From Downtown Columbus, Travel North On Veterans Parkway. Turn Right Onto 13th Street, Then Left Onto Webster Avenue. Property Will Be On The Right At 1321 Webster Avenue.
Subdivision
Muscogee
Standard status
Active
APN
018 005 011
Size
1,872 SF
Lot size
0.16 Acres
Building Details
Year built
1943
Number of units
1
Listing Agency:
G2 Commercial Real Estate
(706) 660-5418
Listed By:
Amy Gill · License #381793
(706) 562-3616
Added: Jul 9
Changed: Aug 27
Last Checked: Sep 2 at 2:06AM
MLS# 232334
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 warehouse contains approximately 1,872 square feet within a clear-span layout measuring approximately 24' by 78'. Vaulted ceilings provide 13 feet of clearance at the center and 10 feet at the eaves, creating an open interior for commercial operations. A partially finished restroom includes a sink and toilet.
The property occupies approximately 0.16 acres at 1321 Webster Avenue in Columbus, Georgia. Built in 1943 and zoned General Commercial (GC), the site is suited to warehouse, storage, distribution, service-oriented, and light commercial uses supported by the stated zoning and existing improvements.
The property occupies approximately 0.16 acres at 1321 Webster Avenue in Columbus, Georgia. Built in 1943 and zoned General Commercial (GC), the site is suited to warehouse, storage, distribution, service-oriented, and light commercial uses supported by the stated zoning and existing improvements.
Key Highlights
- Approximately 1,872‑square‑foot warehouse
- Approximately 0.16‑acre lot
- Clear‑span building measuring approximately 24' by 78'
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
$8,327
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
8.54%
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%
$166,540
$166.5K
Cap Rate 7%
$118,957
$119.0K
Cap Rate 9%
$92,522
$92.5K
Market Conditions
NOI Build-Up for 1,872 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
$12.8K $6.84/SF
− Vacancy
−$909 −$0.49/SF
EGI
$11.9K $6.35/SF
− OpEx
−$3.6K −$1.91/SF
NOI
$8.3K $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%
$166,540
Cap Rate 7%
$118,957
Cap Rate 9%
$92,522
Alternative Uses
Best Use
Warehouse
$144.4K
$126.4K – $168.5K
NOI $10,111 @ 7.0% cap · market cap 10.37%
Second Best
Industrial
$119.0K
$104.1K – $138.8K
NOI $8,327 @ 7.0% cap · market cap 8.54%
Theoretical Best
Office A
$418.9K
$366.5K – $488.7K
NOI $29,320 @ 7.0% cap · market cap 30.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,894
Businesses Nearby
Well-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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - General Commercial zoning supports warehouse, storage, distribution, service, and light commercial operations.
Where is this warehouse located?
The property is located at 1321 Webster Avenue Columbus, GA.
What is the asking price?
The asking price for this property is $97,500.
What are key features of this property?
This property features: Approximately 1,872‑square‑foot warehouse; Approximately 0.16‑acre lot; Clear‑span building measuring approximately 24' by 78'
