Columbus Office Building For
For Sale
$200,000
2222 Francis St, Columbus, GA 31906
Well-located office building in Columbus, GA, with ample parking.
Property Size1,494 SF
Price / SF$133.87
Days on Market274
Property Features for 2222 Francis St
General Information
Standard status
Active
Size
1,494 SF
Class
C
Property subtype
Office
Building Details
Building Size
1,494 SF
Year Built
1925
Listing Agency:
SVN Fall Line Commercial Advisors
(843) 687-3831
Listed By:
Bryce Reese · License #GA #442996
(843) 687-3831
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 12
Last Checked: Aug 21 at 4:23AM
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 SVN Fall Line Commercial Advisors
Investment Insights
Based on property information with market context.
This commercial property, located in Columbus, GA, offers a setting for businesses. The property, situated on Francis St., has 1,494 square feet of space. Zoned for commercial use, it is suitable for office or retail purposes. The property includes on-site parking for tenants and visitors. Its location provides access to shopping, dining, and transportation.
Key Highlights
- Strategically located in the heart of Columbus, GA, near major roads, businesses, shopping, dining, and transportation.
- Zoned commercial, making it ideal for office or retail use.
- Offers ample on‑site parking for both tenants and visitors.
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
$17,575
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
8.79%
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%
$351,500
$351.5K
Cap Rate 7%
$251,071
$251.1K
Cap Rate 9%
$195,278
$195.3K
Market Conditions
NOI Build-Up for 1,494 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
$25.3K $16.92/SF
− Vacancy
−$1.8K −$1.24/SF
EGI
$23.4K $15.68/SF
− OpEx
−$5.9K −$3.92/SF
NOI
$17.6K $11.76/SF
Area
Columbus, GA
Vacancy
7.30%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
25.00%
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%
$351,500
Cap Rate 7%
$251,071
Cap Rate 9%
$195,278
Alternative Uses
Best Use
Office B
$251.1K
$219.7K – $292.9K
NOI $17,575 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$334.3K
$292.5K – $390.0K
NOI $23,400 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
Explore this area
Business Placement
Demographics for 31906, GA
21,835
Population
11,046
Households
2
Avg Household Size
38
Median Age
31%
College-Educated
86%
High-School Grad
6.9 sq mi
ZIP Area
3,164
Density / Sq Mi
$41,913
Median Household Income
$35,820
Median Earnings
$872
Median Rent
$170,400
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Well-located office building in Columbus, GA, with ample parking.
Where is this office building located?
The property is located at 2222 Francis St Columbus, GA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Strategically located in the heart of Columbus, GA, near major roads, businesses, shopping, dining, and transportation.; Zoned commercial, making it ideal for office or retail use.; Offers ample on‑site parking for both tenants and visitors.
