Industrial Flex
For Sale
Contact for pricing
1323 11th Ave, Columbus, GA 31901
LMI-zoned property combines office, warehouse, and manufacturing infrastructure across two buildings.
Property Size79,118 SF
Lot Size2.92 Acres
Price / SF$48.66
Days on Market12
Property Features for 1323 11th Ave
General Information
Standard status
Active
Size
79,118 SF
Total Parking Spaces
70
Lot size
2.92 Acres
Property subtype
INDUSTRIAL
Zoning
LMI
Warehouse & Industrial
Clear Height
20 ft
Dock-High Doors
3
Three-Phase Power
Yes
Additional Details
Opportunity Zone
Yes
Building Details
Buildings
2
Listing Agency:
NAI G2 Commercial
(706) 580-0614
Listed By:
Jack Hayes · License #336627
(706) 580-0614
Source:
Moodyscre
Added: Jul 31
Changed: Aug 2
Last Checked: Aug 10 at 7:49AM
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 NAI G2 Commercial
Investment Insights
Based on property information with market context.
This industrial flex property comprises two buildings totaling approximately 79,118 square feet on approximately 2.915 acres. The principal 75,118-square-foot facility combines office and warehouse areas, with reception space, private offices, conference rooms, a cafeteria, and production-oriented warehouse space. Loading infrastructure includes three dock-high doors and two drive-in doors, while ceiling heights reach approximately 20 feet in portions of the building. Three-phase power and ample electrical capacity support manufacturing and other industrial operations.
A separate 4,000-square-foot warehouse adds a drive-in bay for storage, equipment, or additional workspace. Approximately 70 parking spaces serve the site, which is zoned LMI (Light Manufacturing Industrial) and located within a Qualified Opportunity Zone. The property is at 1323 11th Ave and 1328 Webster Avenue in Columbus, Georgia.
A separate 4,000-square-foot warehouse adds a drive-in bay for storage, equipment, or additional workspace. Approximately 70 parking spaces serve the site, which is zoned LMI (Light Manufacturing Industrial) and located within a Qualified Opportunity Zone. The property is at 1323 11th Ave and 1328 Webster Avenue in Columbus, Georgia.
Key Highlights
- Two‑building industrial flex property totaling +/- 79,118 square feet
- Approximately 2.915 acres with LMI (Light Manufacturing Industrial) zoning
- Main facility includes +/- 75,118 SF of office and warehouse space
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
$351,921
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
9.14%
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%
$7,038,420
$7.0M
Cap Rate 7%
$5,027,443
$5.0M
Cap Rate 9%
$3,910,233
$3.9M
Market Conditions
NOI Build-Up for 79,118 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
$541.2K $6.84/SF
− Vacancy
−$38.4K −$0.49/SF
EGI
$502.7K $6.35/SF
− OpEx
−$150.8K −$1.91/SF
NOI
$351.9K $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%
$7,038,420
Cap Rate 7%
$5,027,443
Cap Rate 9%
$3,910,233
Alternative Uses
Best Use
Office B
$13.30M
$11.63M – $15.51M
NOI $930,715 @ 7.0% cap · market cap 24.17%
Second Best
Warehouse
$6.10M
$5.34M – $7.12M
NOI $427,333 @ 7.0% cap · market cap 11.10%
Theoretical Best
Office A
$17.70M
$15.49M – $20.65M
NOI $1,239,193 @ 7.0% cap · market cap 32.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
3
Dock-high doors
Location Intelligence
Trade Area within ½ mile
1,819
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - LMI-zoned property combines office, warehouse, and manufacturing infrastructure across two buildings.
Where is this flex space located?
The property is located at 1323 11th Ave Columbus, GA.
What is the asking price?
The asking price for this property is $3,850,000.
What are key features of this property?
This property features: Two‑building industrial flex property totaling +/- 79,118 square feet; Approximately 2.915 acres with LMI (Light Manufacturing Industrial) zoning; Main facility includes +/- 75,118 SF of office and warehouse space
