Brick Storefront Building with Covered
For Sale
$199,900
3717 Gentian Boulevard, Columbus, GA 31907
COMMERCIAL - Columbus, GA
Property Size1,257 SF
Lot Size0.25 Acres
Price / SF$159.03
Days on Market97
Property Features for 3717 Gentian Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMMERCIAL
Rooms
Basement
Parking
20
Security features
Security
Basement
Crawl Space
Lot features
Curbs, Sidewalks, Street Lights
Directions
Manchester Expressway East. Pass Peachtree Mall. Turn Left At Gentian Boulevard. Property On The Corner.-Or-Warm Springs Road Just Past Csu. Building On The Left
Subdivision
03-W C Columbus
Standard status
Active
APN
069011002
Size
1,257 SF
Lot size
0.25 Acres
Utilities
Utilities
Water Available
Heating system
Forced Air, Natural Gas
Cooling system
Ceiling Fan(s), Central Air, Electric
Amenities
covered owner parking
commercial safe
Building Details
Year built
1959
Floors in Building
1
Number of units
1
Flooring type
Carpet, Hardwood
Building materials
Brick
Roof type
Asphalt
Listing Agency:
Champions Realty
(706) 596-1339
Listed By:
Sandi Green · License #58114
(706) 392-6500
Added: May 19
Changed: Aug 4
Last Checked: Aug 23 at 1:06AM
MLS# 226774
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.
Brick storefront building on a 0.25-acre lot, built in 1959, offering approximately 1,257 square feet of space with a basement. Flooring includes carpet and hardwood, and the roof is asphalt.
The property features covered owner parking with 25+/- parking spaces and includes a commercial safe. Heating is provided by natural gas forced air, with electric cooling, ceiling fan(s), and central air. Water is available as a utility.
Zoned COMMERCIAL, the building was previously used as a jewelry shop and has a long ownership history.
The property features covered owner parking with 25+/- parking spaces and includes a commercial safe. Heating is provided by natural gas forced air, with electric cooling, ceiling fan(s), and central air. Water is available as a utility.
Zoned COMMERCIAL, the building was previously used as a jewelry shop and has a long ownership history.
Key Highlights
- Brick storefront building with a basement
- Covered owner parking with 25+/- parking spaces
- Commercial safe on site
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
$15,311
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
7.66%
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%
$306,220
$306.2K
Cap Rate 7%
$218,729
$218.7K
Cap Rate 9%
$170,122
$170.1K
Market Conditions
NOI Build-Up for 1,257 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
$22.9K $18.24/SF
− Vacancy
−$1.1K −$0.84/SF
EGI
$21.9K $17.40/SF
− OpEx
−$6.6K −$5.22/SF
NOI
$15.3K $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%
$306,220
Cap Rate 7%
$218,729
Cap Rate 9%
$170,122
Alternative Uses
Best Use
Retail
$218.7K
$191.4K – $255.2K
NOI $15,311 @ 7.0% cap · market cap 7.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$281.3K
$246.1K – $328.1K
NOI $19,688 @ 7.0% cap · market cap 9.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
603
Businesses Nearby
92k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 48%
Apparel 31%
Shops & Services 19%
Hotels & Casinos 2%
Burger King
Dining
34,240 visits/mo
0.5 miles
JCPenney
Apparel
28,246 visits/mo
0.5 miles
Dollar General
Shops & Services
10,349 visits/mo
0.0 miles
Applebee's
Dining
10,192 visits/mo
0.4 miles
Truist
Shops & Services
5,479 visits/mo
0.3 miles
Demographics for 31907, GA
60,557
Population
25,710
Households
2.4
Avg Household Size
37
Median Age
23%
College-Educated
91%
High-School Grad
23.8 sq mi
ZIP Area
2,544
Density / Sq Mi
$52,620
Median Household Income
$33,726
Median Earnings
$1,103
Median Rent
$142,000
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?
Storefront property - Brick storefront building with covered owner parking, a basement, and utilities including water available.
Where is this storefront property located?
The property is located at 3717 Gentian Boulevard Columbus, GA.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Brick storefront building with a basement; Covered owner parking with 25+/- parking spaces; Commercial safe on site
