For Sale
$325,000
308 10Th St, Columbus, GA 31901
Updated office property with private rooms, hardwood flooring, and a practical layout for day-to-day business operations.
Property Size2,265 SF
Lot Size0.15 Acres
Price / SF$143.49
Days on Market108
Property Features for 308 10Th St
General Information
Standard status
Active
Property type
Office buildings, Office Spaces, Commercial real estate
Size
2,265 SF
Lot size
0.15 Acres
Building Details
Year Built
1898
Added: Jul 1
Changed: Aug 25
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Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,645
Cap Rate
8.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,900
$532.9K
Cap Rate 7%
$380,643
$380.6K
Cap Rate 9%
$296,056
$296.1K
Market Conditions
NOI Build-Up for 2,265 SF
Gross rent
$38.3K $16.92/SF
− Vacancy
−$2.8K −$1.24/SF
EGI
$35.5K $15.68/SF
− OpEx
−$8.9K −$3.92/SF
NOI
$26.6K $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 Rate 5%
$532,900
Cap Rate 7%
$380,643
Cap Rate 9%
$296,056
Alternative Uses
Best Use
Office B
$380.6K
$333.1K – $444.1K
NOI $26,645 @ 7.0% cap · market cap 8.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$506.8K
$443.5K – $591.3K
NOI $35,476 @ 7.0% cap · market cap 10.92%
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
1,967
Businesses Nearby
Explore this area
Business Placement
Demographics for 31901, GA
7,126
Population
3,971
Households
1.8
Avg Household Size
36
Median Age
35%
College-Educated
82%
High-School Grad
4.4 sq mi
ZIP Area
1,620
Density / Sq Mi
$47,316
Median Household Income
$35,062
Median Earnings
$893
Median Rent
$208,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - Updated office property with private rooms, hardwood flooring, and a practical layout for day-to-day business operations.
Where is this office building located?
The property is located at 308 10Th St Columbus, GA.
What is the asking price?
The asking price for this property is $325,000.
