Freestanding Commercial Building with
For Sale
$234,000
3554 Hilton Avenue, Columbus, GA 31904
Standalone building with newly updated roof and HVAC, plus private paved parking with 12+ off-street spaces.
Property Size1,954 SF
Price / SF$131.31
Days on Market41
Property Features for 3554 Hilton Avenue
General Information
Standard status
Active
Size
1,954 SF
Property subtype
Other
Amenities
0.3 acres, Level, Near Public Transit
Composition
Fenced, Privacy, Security
Public Sewer
Annual Amount: $3,173, Year: 25
Vinyl
Central Air, Electric, Gas
Central, Electric, Heat Pump, Hot Water
Cumulative Days on Market: 37, 37 days on market, On Market Date: 2026-07-24
Parking Total: 12, Parking Lot
Built in 1954, Frame, Mixed Use, Office, Retail
County: Muscogee
Resale
Cable Available, Electricity Available, High Speed Internet, Natural Gas Available, Phone Available, Sewer Available, Underground Utilities, Water Available, Public
Close Of Escrow
Building Details
Building Size
1,954 SF
Year Built
1954
Listing Agency:
Normand Real Estate
(706) 412-9420
Listed By:
Melissa Brown
(706) 412-9420
Source:
Blackstreaminternational
Added: Jul 24
Changed: Aug 31
Last Checked: Sep 1 at 5:35PM
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 Normand Real Estate
Investment Insights
Based on property information with market context.
Freestanding standalone commercial building offering office, medical, and retail approved sub-uses. The property includes a dedicated, private paved parking lot with 12+ off-street spaces, a level lot, and a detached storage outbuilding. Updates include a new roof, new HVAC system, and premium insulation. An active retail machine license is also included.
The building is located at 3554 Hilton Avenue in Columbus, GA, and backs directly up to the Fall Line Trace walking trail and bike path.
The interior layout is suited for owner-occupants or tenants looking for a turn-key commercial facility with on-site storage and convenient off-street parking.
The building is located at 3554 Hilton Avenue in Columbus, GA, and backs directly up to the Fall Line Trace walking trail and bike path.
The interior layout is suited for owner-occupants or tenants looking for a turn-key commercial facility with on-site storage and convenient off-street parking.
Key Highlights
- Freestanding commercial building with 1,782 sq. ft. of space (built in 1954)
- New roof, new HVAC system, and new premium insulation for updated building systems
- Dedicated private paved parking lot with 12+ off‑street spaces
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
$20,963
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
8.96%
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%
$419,260
$419.3K
Cap Rate 7%
$299,471
$299.5K
Cap Rate 9%
$232,922
$232.9K
Market Conditions
NOI Build-Up for 1,782 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
$30.2K $16.92/SF
− Vacancy
−$2.2K −$1.24/SF
EGI
$28.0K $15.68/SF
− OpEx
−$7.0K −$3.92/SF
NOI
$21.0K $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%
$419,260
Cap Rate 7%
$299,471
Cap Rate 9%
$232,922
Alternative Uses
Best Use
Retail
$310.1K
$271.3K – $361.8K
NOI $21,706 @ 7.0% cap · market cap 9.28%
Second Best
Office B
$299.5K
$262.0K – $349.4K
NOI $20,963 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$398.7K
$348.9K – $465.2K
NOI $27,911 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
937
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Standalone building with newly updated roof and HVAC, plus private paved parking with 12+ off-street spaces.
Where is this office building located?
The property is located at 3554 Hilton Avenue Columbus, GA.
What is the asking price?
The asking price for this property is $234,000.
What are key features of this property?
This property features: Freestanding commercial building with 1,782 sq. ft. of space (built in 1954); New roof, new HVAC system, and new premium insulation for updated building systems; Dedicated private paved parking lot with 12+ off‑street spaces
