Two-Building Flex Industrial
For Sale
Contact for pricing
1323 11th Ave & 1328 Webster Ave, Columbus, GA 31901
LMI-zoned property combines office amenities with warehouse space and multiple loading points.
Property Size79,118 SF
Price / SF$48.66
Days on Market79
Property Features for 1323 11th Ave & 1328 Webster Ave
General Information
Standard status
Active
Size
79,118 SF
Property subtype
Industrial
Zoning
LMI
Additional Details
Opportunity Zone
Yes
Building Details
Buildings
2
Listing Agency:
NAI G2 Commercial
Listed By:
David Johnson · License #GA 175456
(706) 577-2398
Source:
Crexi
Added: Jul 29
Changed: Oct 10
Last Checked: Oct 14 at 9:34PM
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 flex property includes two separate buildings totaling 79,118 SF. The primary facility contains approximately 75,118 SF, while a second warehouse provides approximately 4,000 SF. Interior functions include office areas, conference space, a cafeteria, and substantial warehouse capacity. Multiple drive-in bays and dock-high roll-up doors support receiving, shipping, and day-to-day industrial operations.
Located at 1328 Webster Avenue in Columbus, GA, the property is within a Qualified Opportunity Zone. LMI zoning and the existing mix of administrative, warehouse, and loading improvements support manufacturing, warehousing, distribution, and owner-user operations.
Located at 1328 Webster Avenue in Columbus, GA, the property is within a Qualified Opportunity Zone. LMI zoning and the existing mix of administrative, warehouse, and loading improvements support manufacturing, warehousing, distribution, and owner-user operations.
Key Highlights
- Two‑building configuration totaling 79,118 SF
- Main facility measures +/- 75,118 SF
- Separate warehouse measures +/- 4,000 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$351,921
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
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
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 Rate 5%
$7,038,420
Cap Rate 7%
$5,027,443
Cap Rate 9%
$3,910,233
Alternative Uses
Best Use
Warehouse
$6.10M
$5.34M – $7.12M
NOI $427,333 @ 7.0% cap · market cap 11.10%
Second Best
Industrial
$5.03M
$4.40M – $5.87M
NOI $351,921 @ 7.0% cap · market cap 9.14%
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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,894
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - LMI-zoned property combines office amenities with warehouse space and multiple loading points.
Where is this flex space located?
The property is located at 1323 11th Ave & 1328 Webster 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 configuration totaling 79,118 SF; Main facility measures +/- 75,118 SF; Separate warehouse measures +/- 4,000 SF
