Light Manufacturing Warehouse with Interstate
For Sale
$3,950,000
4332 Old Cusseta Road, Columbus, GA 31903
Commercial Sale, Columbus, GA
Property Size53,000 SF
Lot Size10.51 Acres
Price / SF$74.53
Days on Market61
Property Features for 4332 Old Cusseta Road
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Corner Lot
Directions
Use GPS due to all the construction in the area.
Standard status
Active
APN
090 004 009
Size
53,000 SF
Lot size
10.51 Acres
Taxes and HOA fees
Tax Year
24
Tax Annual Amount
10381
Building Details
Year built
1960
Listing Agency:
RE/MAX Results · RE/MAX International
(706) 845-7000
Listed By:
Morgan J Marlowe · License #86587
(706) 315-8260
Added: Jun 24
Changed: Aug 19
Last Checked: Aug 23 at 10:06PM
MLS# 10800377
Copyright © 2026 Georgia Multiple Listing Service. 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.
4332 Old Cusseta Road is a 10.51-acre industrial tract in Muscogee County featuring over 53,000 square feet of existing warehouse space. The property is zoned for light manufacturing. The site also presents potential for rail access on the south side, adding flexibility for industrial users and redevelopment planning.
Access and visibility are key considerations here, with 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 planned with an expected completion date of late 2026, and the new exit and entrance on the southbound lane will be positioned directly in front of the tract. The listing also notes I-185 daily traffic of over 42,000 and highlights the location as the first exit north of Victory Drive and Fort Benning.
For tenants, owners, and developers evaluating industrial space, the combination of an operating warehouse, light manufacturing zoning, and the planned interchange timing supports a range of end uses. Prospective users should review the rail access potential on the south side and confirm development and operating requirements directly with the appropriate local authorities.
Access and visibility are key considerations here, with 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 planned with an expected completion date of late 2026, and the new exit and entrance on the southbound lane will be positioned directly in front of the tract. The listing also notes I-185 daily traffic of over 42,000 and highlights the location as the first exit north of Victory Drive and Fort Benning.
For tenants, owners, and developers evaluating industrial space, the combination of an operating warehouse, light manufacturing zoning, and the planned interchange timing supports a range of end uses. Prospective users should review the rail access potential on the south side and confirm development and operating requirements directly with the appropriate local authorities.
Key Highlights
- Over 53,000 SF of existing warehouse space on the property
- Interstate frontage: over 1,300 feet on I‑185
- Old Cusseta Road frontage: over 400 feet
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
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
144
Businesses Nearby
Under-served
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
- Allied Storage Facility — 4343 Allied Dr, Columbus, GA 31906
Frequently Asked Questions
What type of property is this?
Warehouse - Light manufacturing warehouse tract with extensive I-185 frontage and existing warehouse space for development.
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: Over 53,000 SF of existing warehouse space on the property; Interstate frontage: over 1,300 feet on I‑185; Old Cusseta Road frontage: over 400 feet
