Freestanding Commercial Building Near Fort
For Sale
Contact for pricing
2408 Fort Benning Rd, Columbus, GA 31903
Turnkey, renovated commercial building near Fort Benning with high visibility.
Property Size1,475 SF
Price / SF$172.88
Days on Market109
Property Features for 2408 Fort Benning Rd
General Information
Standard status
Active
Size
1,475 SF
Total Parking Spaces
12
Property subtype
Retail
Investment Type
Owner/User
Building Details
Year Built
1960
Year Renovated
2025
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Coldwell Banker Commercial - KPDD
(706) 566-2916
Listed By:
Blake Carter · License #450145
Source:
Crexi
Added: May 15
Changed: Aug 24
Last Checked: Aug 29 at 11:19PM
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 Coldwell Banker Commercial - KPDD
Investment Insights
Based on property information with market context.
This 1,472 SF freestanding commercial building offers a real estate opportunity for laundromat operators, investors, or owner-users. The property was completely updated in 2025 and features capital improvements including new gas lines, a new electrical system, new plumbing, a new HVAC system with ductwork, and a new metal roof. The offering includes the real estate only. The interior layout consists of one large open operating area with a restroom and dedicated storage space. Constructed with block walls and topped with a metal roof, the building offers a low-maintenance exterior and functional design suitable for continued laundromat use or potential adaptive commercial uses. Positioned near the entrance to Fort Benning, this property benefits from visibility along a heavily traveled corridor less than 0.5 mile from Victory Drive. The location offers exposure to local and military-related traffic and sits directly across from the new Columbus Technical College Commercial Driving School. With a population of more than 10,381 residents within a 5-minute drive, the property is situated to serve the surrounding community and daily commuter traffic.
Key Highlights
- Prime location near Fort Benning entrance with high visibility and traffic.
- Fully renovated in 2025 with new gas lines, electrical, plumbing, HVAC, and metal roof.
- Turnkey opportunity for laundromat or other commercial use.
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
$17,966
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
7.05%
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%
$359,320
$359.3K
Cap Rate 7%
$256,657
$256.7K
Cap Rate 9%
$199,622
$199.6K
Market Conditions
NOI Build-Up for 1,475 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
$26.9K $18.24/SF
− Vacancy
−$1.2K −$0.84/SF
EGI
$25.7K $17.40/SF
− OpEx
−$7.7K −$5.22/SF
NOI
$18.0K $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%
$359,320
Cap Rate 7%
$256,657
Cap Rate 9%
$199,622
Alternative Uses
Best Use
Retail
$256.7K
$224.6K – $299.4K
NOI $17,966 @ 7.0% cap · market cap 7.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$330.0K
$288.8K – $385.0K
NOI $23,102 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
198
Businesses Nearby
9k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 37%
Dining 34%
Hotels & Casinos 28%
Exxon
Shops & Services
2,625 visits/mo
0.4 miles
Holiday Inn Express & Suites Columbus-Fort Benning
Hotels & Casinos
2,547 visits/mo
0.4 miles
Papa John's Pizza
Dining
1,728 visits/mo
0.4 miles
Krispy Krunchy Chicken
Dining
1,331 visits/mo
0.3 miles
Precision Tune Auto Care
Shops & Services
708 visits/mo
0.3 miles
Demographics for 31903, GA
20,703
Population
9,593
Households
2.2
Avg Household Size
34
Median Age
8%
College-Educated
76%
High-School Grad
10.0 sq mi
ZIP Area
2,070
Density / Sq Mi
$29,488
Median Household Income
$27,063
Median Earnings
$873
Median Rent
$75,500
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 - Turnkey, renovated commercial building near Fort Benning with high visibility.
Where is this retail space located?
The property is located at 2408 Fort Benning Rd Columbus, GA.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Prime location near Fort Benning entrance with high visibility and traffic.; Fully renovated in 2025 with new gas lines, electrical, plumbing, HVAC, and metal roof.; Turnkey opportunity for laundromat or other commercial use.
