Storefront Building with Loading
For Sale
$575,000
4140 Hamilton Road, Columbus, GA 31904
COMMERCIAL - Columbus, GA
Property Size8,159 SF
Lot Size0.69 Acres
Price / SF$70.47
Days on Market74
Property Features for 4140 Hamilton Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commercial
Directions
Manchester Expressway To Hamilton Rd Turn Toward Town. Property On The Left Down A Couple Of Blocks.
Subdivision
03-W C Columbus
Standard status
Active
APN
031027001
Size
8,159 SF
Lot size
0.69 Acres
Utilities
Heating system
Forced Air
Cooling system
Central Air, Electric
Amenities
loading dock
Building Details
Year built
1976
Floors in Building
1
Number of units
2
Flooring type
Concrete
Building materials
Brick
Listing Agency:
RealtyEdge Brokers
(706) 320-3343
Listed By:
Mary Carney
(706) 888-5193
Added: Jun 9
Changed: Aug 5
Last Checked: Aug 21 at 4:06AM
MLS# 231859
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.
This 8,159-square-foot commercial storefront sits on 0.69 acres and was built in 1976. The brick building includes concrete flooring, forced-air heating, and central air with electric cooling. A loading dock serves the rear of the property, while ample parking supports on-site operations.
Access is available from 14th Avenue and 41st Street, with visibility from Hamilton Road. The property is zoned commercial. An auto shop currently occupies space under a month-to-month lease; the operating businesses are excluded from the sale.
Access is available from 14th Avenue and 41st Street, with visibility from Hamilton Road. The property is zoned commercial. An auto shop currently occupies space under a month-to-month lease; the operating businesses are excluded from the sale.
Key Highlights
- 8,159‑square‑foot commercial storefront on 0.69 acres
- Rear loading dock with ample on‑site parking
- Access from 14th Avenue and 41st Street
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
$36,292
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
6.31%
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%
$725,840
$725.8K
Cap Rate 7%
$518,457
$518.5K
Cap Rate 9%
$403,244
$403.2K
Market Conditions
NOI Build-Up for 8,159 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
$55.8K $6.84/SF
− Vacancy
−$4.0K −$0.49/SF
EGI
$51.8K $6.35/SF
− OpEx
−$15.6K −$1.91/SF
NOI
$36.3K $4.45/SF
Area
Columbus, GA
Vacancy
7.10%
Lease Rate
$6.84 /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%
$725,840
Cap Rate 7%
$518,457
Cap Rate 9%
$403,244
Alternative Uses
Best Use
Retail
$1.42M
$1.24M – $1.66M
NOI $99,382 @ 7.0% cap · market cap 17.28%
Second Best
Industrial
$518.5K
$453.7K – $604.9K
NOI $36,292 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$1.83M
$1.60M – $2.13M
NOI $127,791 @ 7.0% cap · market cap 22.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,066
Businesses Nearby
177k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 55%
Groceries 24%
Shops & Services 21%
Walmart Neighborhood Market
Groceries
42,163 visits/mo
0.4 miles
McDonald's
Dining
25,264 visits/mo
0.2 miles
Starbucks
Dining
19,090 visits/mo
0.4 miles
Circle K
Shops & Services
15,397 visits/mo
0.4 miles
Burger King
Dining
13,097 visits/mo
0.2 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Flowers-Lewis & Associates: Hinson Debbie — 2221 manchester expy, columbus, ga 31904
Frequently Asked Questions
What type of property is this?
Storefront property - Commercial storefront with multiple access points, on-site parking, and an existing month-to-month auto shop lease.
Where is this storefront property located?
The property is located at 4140 Hamilton Road Columbus, GA.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 8,159‑square‑foot commercial storefront on 0.69 acres; Rear loading dock with ample on‑site parking; Access from 14th Avenue and 41st Street
