Two-Property Office
For Sale
Contact for pricing
4025 2ND AVE COLUMBUS GA 31904-6402, Columbus, GA 31904
For sale office portfolio featuring two properties with reported 9% cap rate and 3% annual increases.
Property Size10,408 SF
Price / SF$172.18
Days on Market67
Property Features for 4025 2ND AVE COLUMBUS GA 31904-6402
General Information
Standard status
Active
Size
10,408 SF
Property subtype
Office, Special Purpose
Occupancy
100%
Lease Type
NNN
Investment Type
Net Lease
Net Operating Income
$162,343
Financials
Cap Rate
9%
Business Included
Yes
Building Details
Tenancy
Single
Listing Agency:
Matthews
Listed By:
Cameron Davodi · License #CA - 02237200
Source:
Crexi
Added: Jun 17
Changed: Aug 21
Last Checked: Aug 21 at 7:57PM
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 Matthews
Investment Insights
Based on property information with market context.
This offering consists of a two-property office portfolio presented for sale. The portfolio totals 10,408 square feet and is marketed as producing a reported 9% cap rate with 3% annual increases.
The properties are located at 4025 2ND AVE in Columbus, Georgia (31904-6402). This creates a straightforward, two-building structure for an investor or buyer looking to acquire multiple office assets in one transaction.
For investors, the stated income metrics and annual increase assumption are central to evaluating the purchase. For tenant-focused buyers, the office configuration and multi-property format can support operational flexibility while maintaining an office-oriented asset profile. The portfolio size provides a manageable scale for oversight compared with single, larger office complexes, while still delivering a two-property acquisition structure.
The properties are located at 4025 2ND AVE in Columbus, Georgia (31904-6402). This creates a straightforward, two-building structure for an investor or buyer looking to acquire multiple office assets in one transaction.
For investors, the stated income metrics and annual increase assumption are central to evaluating the purchase. For tenant-focused buyers, the office configuration and multi-property format can support operational flexibility while maintaining an office-oriented asset profile. The portfolio size provides a manageable scale for oversight compared with single, larger office complexes, while still delivering a two-property acquisition structure.
Key Highlights
- Office portfolio for sale featuring 2 properties
- Reported 9% cap rate
- Reported 3% annual increases
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
$122,436
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
6.83%
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%
$2,448,720
$2.4M
Cap Rate 7%
$1,749,086
$1.7M
Cap Rate 9%
$1,360,400
$1.4M
Market Conditions
NOI Build-Up for 10,408 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
$176.1K $16.92/SF
− Vacancy
−$12.9K −$1.24/SF
EGI
$163.2K $15.68/SF
− OpEx
−$40.8K −$3.92/SF
NOI
$122.4K $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%
$2,448,720
Cap Rate 7%
$1,749,086
Cap Rate 9%
$1,360,400
Alternative Uses
Best Use
Office B
$1.75M
$1.53M – $2.04M
NOI $122,436 @ 7.0% cap · market cap 6.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.33M
$2.04M – $2.72M
NOI $163,016 @ 7.0% cap · market cap 9.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
384
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 building - For sale office portfolio featuring two properties with reported 9% cap rate and 3% annual increases.
Where is this office building located?
The property is located at 4025 2ND AVE COLUMBUS GA 31904-6402 Columbus, GA.
What is the asking price?
The asking price for this property is $1,792,000.
What are key features of this property?
This property features: Office portfolio for sale featuring 2 properties; Reported 9% cap rate; Reported 3% annual increases
