Light Manufacturing Warehouse Development
For Sale
$3,950,000
4332 Old Cusseta Road, Columbus, GA 31903
Industrial tract with existing warehouse space, zoned light manufacturing, and major interstate and road frontage.
Property Size1,960 SF
Price / SF$74.53
Days on Market53
Property Features for 4332 Old Cusseta Road
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Other
Zoning
Light Manufacturing
Site & Location
Traffic Count
42,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Opportunity Zone
Yes
Amenities
10.51 acres, Corner Lot
Annual Amount: $10,381, Year: 24
Cumulative Days on Market: 50, 50 days on market, On Market Date: 2026-07-07
Built in 1960
County: Muscogee
Resale
Negotiable
Building Details
Building Size
1,960 SF
Year Built
1960
Listing Agency:
RE/MAX Results
(706) 315-8260
Listed By:
Morgan Marlowe
(706) 315-8260
Source:
Blackstreaminternational
Added: Jul 7
Changed: Aug 28
Last Checked: Aug 28 at 12:30PM
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 RE/MAX Results
Investment Insights
Based on property information with market context.
4332 Old Cusseta Road is a light manufacturing-zoned industrial development tract with over 53,000 sf of existing warehouse space. The property is also located in both an Opportunity Zone and an Enterprise zone.
The site has over 1,300 feet of interstate frontage and over 400 feet of frontage on Old Cusseta Road. A new interchange off I-185 onto Old Cusseta Road is expected to be completed in late 2026, with the southbound exit and enter directly in front of the tract. The remarks also note daily traffic of over 42,000 on I-185.
Additional infrastructure upside is described as potential rail access availability on the south side of the property, which may support a range of industrial development plans consistent with the site’s zoning.
The site has over 1,300 feet of interstate frontage and over 400 feet of frontage on Old Cusseta Road. A new interchange off I-185 onto Old Cusseta Road is expected to be completed in late 2026, with the southbound exit and enter directly in front of the tract. The remarks also note daily traffic of over 42,000 on I-185.
Additional infrastructure upside is described as potential rail access availability on the south side of the property, which may support a range of industrial development plans consistent with the site’s zoning.
Key Highlights
- Industrial tract with over 53,000 SF of existing warehouse space
- Zoned Light Manufacturing
- Over 1,300 feet of interstate frontage on I‑185
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
$286,264
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
7.25%
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%
$5,725,280
$5.7M
Cap Rate 7%
$4,089,486
$4.1M
Cap Rate 9%
$3,180,711
$3.2M
Market Conditions
NOI Build-Up for 53,000 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
$362.5K $6.84/SF
− Vacancy
−$25.7K −$0.49/SF
EGI
$336.8K $6.35/SF
− OpEx
−$50.5K −$0.95/SF
NOI
$286.3K $5.40/SF
Area
Columbus, GA
Vacancy
7.10%
Lease Rate
$6.84 /SF/Yr
Expense Ratio
15.00%
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%
$5,725,280
Cap Rate 7%
$4,089,486
Cap Rate 9%
$3,180,711
Alternative Uses
Best Use
Warehouse
$4.09M
$3.58M – $4.77M
NOI $286,264 @ 7.0% cap · market cap 7.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.86M
$10.38M – $13.84M
NOI $830,117 @ 7.0% cap · market cap 21.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
42,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 31903, GA
20,703
Population
9,593
Households
2.2
Avg Household Size
34
Median Age
8%
College-Educated
76%
High-School Grad
10.0 sq mi
ZIP Area
2,070
Density / Sq Mi
$29,488
Median Household Income
$27,063
Median Earnings
$873
Median Rent
$75,500
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ward's Storage — 2009 Phillips St, Columbus, GA 31903
- Allied Storage Facility — 4343 Allied Dr, Columbus, GA 31906
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial tract with existing warehouse space, zoned light manufacturing, and major interstate and road frontage.
Where is this warehouse located?
The property is located at 4332 Old Cusseta Road Columbus, GA.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Industrial tract with over 53,000 SF of existing warehouse space; Zoned Light Manufacturing; Over 1,300 feet of interstate frontage on I‑185
