For Sale
$160,000
2953 Mimosa Street, Columbus, GA 31906
Commercial Sale, Columbus, GA
Property Size1,140 SF
Lot Size0.18 Acres
Price / SF$140.35
Days on Market51
Property Features for 2953 Mimosa Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Take Macon Rd And Turn Onto Rigdon Rd. Right On Mimosa St.
Subdivision
Muscogee
Standard status
Active
APN
067 046 011
Size
1,140 SF
Lot size
0.18 Acres
Building Details
Year built
1950
Number of units
1
Listing Agency:
Coldwell Banker / Kennon, Parker, Duncan & Davis · Coldwell Banker Real Estate
(706) 256-1000
Listed By:
Tyler Ward · License #124301
(706) 577-4554
Added: Aug 27
Changed: Sep 24
Last Checked: Oct 16 at 1:06PM
MLS# 233825
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.
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,145
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,900
$182.9K
Cap Rate 7%
$130,643
$130.6K
Cap Rate 9%
$101,611
$101.6K
Market Conditions
NOI Build-Up for 1,140 SF
Gross rent
$17.8K $15.60/SF
− Vacancy
−$1.2K −$1.01/SF
EGI
$16.6K $14.59/SF
− OpEx
−$7.5K −$6.56/SF
NOI
$9.1K $8.02/SF
Area
Columbus, GA
Vacancy
6.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$182,900
Cap Rate 7%
$130,643
Cap Rate 9%
$101,611
Alternative Uses
Best Use
Apartment 5plus
$130.6K
$114.3K – $152.4K
NOI $9,145 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$255.1K
$223.2K – $297.6K
NOI $17,855 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
615
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
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
Where is this commercial land located?
The property is located at 2953 Mimosa Street Columbus, GA.
What is the asking price?
The asking price for this property is $160,000.
