Professional Office
For Sale
$210,000
2815 Warm Springs Road, Columbus, GA 31904
Commercial Sale, Columbus, GA
Property Size1,629 SF
Lot Size0.95 Acres
Price / SF$128.91
Days on Market67
Property Features for 2815 Warm Springs Road
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
NC
Rooms
Basement
Security features
Security
Basement
Crawl Space
Directions
From The Intersection Armour Rd And Warm Springs Rd Travel East On Warm Springs Rd .2 Miles And Building Is On Your Left.
Subdivision
Muscogee
Standard status
Active
APN
069 014 021A 1B
Size
1,629 SF
Lot size
0.95 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Heat Pump, Electric, Central Air
Building Details
Year built
1986
Floors in Building
1
Number of units
1
Flooring type
Carpet
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Flournoy & Calhoun REALTORS
(706) 327-1990
Listed By:
John Walden
(706) 593-9433
Added: Jun 26
Changed: Aug 27
Last Checked: Aug 31 at 1:06AM
MLS# 228122
Copyright © 2026 Columbus Board of Realtors (GA). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,629-square-foot office suite provides four enclosed executive offices, a generously sized conference room, reception and administrative areas, two restrooms, and a built-in wet bar with room for a mini-fridge. The conference room can also serve as an additional office when needed. Vaulted ceilings and multiple skylights bring natural light into the front portion of the suite, while carpeted flooring and brick construction complete the existing improvements.
The property is situated on a 0.95-acre parcel and was built in 1986. Heating is provided by electric service, with heat pump, electric, and central air cooling systems. The property carries NC zoning and includes a basement.
The property is situated on a 0.95-acre parcel and was built in 1986. Heating is provided by electric service, with heat pump, electric, and central air cooling systems. The property carries NC zoning and includes a basement.
Key Highlights
- 1,629‑square‑foot professional office suite
- Four private executive offices plus a conference room that can function as a fifth office
- Vaulted ceiling and multiple skylights in the reception and administrative areas
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
$19,163
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
9.13%
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%
$383,260
$383.3K
Cap Rate 7%
$273,757
$273.8K
Cap Rate 9%
$212,922
$212.9K
Market Conditions
NOI Build-Up for 1,629 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
$27.6K $16.92/SF
− Vacancy
−$2.0K −$1.24/SF
EGI
$25.6K $15.68/SF
− OpEx
−$6.4K −$3.92/SF
NOI
$19.2K $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%
$383,260
Cap Rate 7%
$273,757
Cap Rate 9%
$212,922
Alternative Uses
Best Use
Office B
$273.8K
$239.5K – $319.4K
NOI $19,163 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$364.5K
$318.9K – $425.2K
NOI $25,514 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,284
Businesses Nearby
Explore this area
Business Placement
Demographics for 31904, GA
36,947
Population
15,947
Households
2.3
Avg Household Size
39
Median Age
31%
College-Educated
88%
High-School Grad
27.5 sq mi
ZIP Area
1,344
Density / Sq Mi
$65,625
Median Household Income
$42,573
Median Earnings
$1,036
Median Rent
$216,100
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?
Office units - Four private offices, a conference room, and skylit reception areas support a polished workplace setting.
Where is this office units located?
The property is located at 2815 Warm Springs Road Columbus, GA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,629‑square‑foot professional office suite; Four private executive offices plus a conference room that can function as a fifth office; Vaulted ceiling and multiple skylights in the reception and administrative areas
