Retail Space with
For Sale
$1,550,000
2300 Wynnton Rd, Columbus, GA 31906
Signalized corner location with three-road access, commercial zoning, and an open interior configuration.
Property Size11,200 SF
Lot Size1.22 Acres
Price / SF$141.17
Days on Market194
Property Features for 2300 Wynnton Rd
General Information
Standard status
Active
Size
11,200 SF
Lot size
1.22 Acres
Property subtype
Street Retail
Site & Location
Corner Location
Yes
Drive-Thru
Yes
Traffic Count
21,600 vehicles/day
Road Access
Yes
Building Details
Building Size
11,200 SF
Year Built
1998
Buildings
1
Construction
concrete
Properties For Sale
at 2300 Wynnton Rd Contact us- Size
- 10,980 SF
- Lease Type
- NNN
1.22 Acres | 10,908 SF Retail | 21,600 VPD | 3X Full Motion
Listing Agency:
Meybohm Commercial Properties, LLC
(706) 736-3375
Listed By:
John Eckley · License #366880
(706) 736-3375
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 2:20PM
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 Meybohm Commercial Properties, LLC
Investment Insights
Based on property information with market context.
This 10,980-square-foot retail building occupies 1.22 acres at a signalized corner in Columbus. Built in 1998, the concrete structure has an open floor plan and an existing drive-through. The property was formerly occupied by Rite Aid and is configured for continued retail use or physical repositioning.
The site fronts Wynnton Road, which carries 21,600 vehicles per day, and provides full ingress and egress from Wynnton Road, Henry Avenue, and Francis Street. It is 2.1 miles from Downtown Columbus and just west of I-185, where traffic is reported at 64,400 vehicles per day. Chick-fil-A, Sherwin-Williams, Popeyes, and O’Reilly Auto Parts are part of the surrounding retail mix, while the U.S. Post Office and Wynnton Arts Academy are across the street. The property is identified as commercially zoned and sits within an established commercial corridor.
The site fronts Wynnton Road, which carries 21,600 vehicles per day, and provides full ingress and egress from Wynnton Road, Henry Avenue, and Francis Street. It is 2.1 miles from Downtown Columbus and just west of I-185, where traffic is reported at 64,400 vehicles per day. Chick-fil-A, Sherwin-Williams, Popeyes, and O’Reilly Auto Parts are part of the surrounding retail mix, while the U.S. Post Office and Wynnton Arts Academy are across the street. The property is identified as commercially zoned and sits within an established commercial corridor.
Key Highlights
- 10,980 SF retail building on 1.22 acres
- Signalized Wynnton Road corner with 21,600 VPD
- Full ingress and egress via Wynnton Road, Henry Avenue, and Francis Street
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
$133,744
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
8.63%
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%
$2,674,880
$2.7M
Cap Rate 7%
$1,910,629
$1.9M
Cap Rate 9%
$1,486,044
$1.5M
Market Conditions
NOI Build-Up for 10,980 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
$200.3K $18.24/SF
− Vacancy
−$9.2K −$0.84/SF
EGI
$191.1K $17.40/SF
− OpEx
−$57.3K −$5.22/SF
NOI
$133.7K $12.18/SF
Area
Columbus, GA
Vacancy
4.60%
Lease Rate
$18.24 /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%
$2,674,880
Cap Rate 7%
$1,910,629
Cap Rate 9%
$1,486,044
Alternative Uses
Best Use
Retail
$1.91M
$1.67M – $2.23M
NOI $133,744 @ 7.0% cap · market cap 8.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.46M
$2.15M – $2.87M
NOI $171,975 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
21,600 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
641
Businesses Nearby
92k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 60%
Shops & Services 28%
Groceries 11%
Home Improvements & Furnishings 1%
Chick-fil-A
Dining
39,847 visits/mo
0.2 miles
Circle K
Shops & Services
14,277 visits/mo
0.1 miles
Piggly Wiggly
Groceries
9,898 visits/mo
0.4 miles
Popeyes Louisiana Kitchen
Dining
7,985 visits/mo
0.1 miles
Family Dollar
Shops & Services
7,164 visits/mo
0.4 miles
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Signalized corner location with three-road access, commercial zoning, and an open interior configuration.
Where is this retail space located?
The property is located at 2300 Wynnton Rd Columbus, GA.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 10,980 SF retail building on 1.22 acres; Signalized Wynnton Road corner with 21,600 VPD; Full ingress and egress via Wynnton Road, Henry Avenue, and Francis Street
