Warehouse Property 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 Market70
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: Sep 1 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.
This industrial warehouse property comprises 10.51 acres and includes approximately 53,000 square feet of existing warehouse space. The improvements date to 1960, and the tract is zoned Light Manufacturing. Its size and existing industrial building base support continued warehouse or manufacturing use within the stated zoning framework.
Located at 4332 Old Cusseta Road in Columbus, Georgia, the property has over 1,300 feet of frontage along I-185 and more than 400 feet along Old Cusseta Road. A new interchange is planned to connect directly in front of the tract, with expected completion in late 2026. The property is positioned north of Victory Drive and Fort Benning, and potential rail access has been identified along the south side.
The tract is within an Opportunity Zone and Enterprise Zone. I-185 traffic is reported at more than 42,000 vehicles daily, adding measurable transportation exposure to the industrial setting.
Located at 4332 Old Cusseta Road in Columbus, Georgia, the property has over 1,300 feet of frontage along I-185 and more than 400 feet along Old Cusseta Road. A new interchange is planned to connect directly in front of the tract, with expected completion in late 2026. The property is positioned north of Victory Drive and Fort Benning, and potential rail access has been identified along the south side.
The tract is within an Opportunity Zone and Enterprise Zone. I-185 traffic is reported at more than 42,000 vehicles daily, adding measurable transportation exposure to the industrial setting.
Key Highlights
- 10.51‑acre industrial tract with approximately 53,000 SF of existing warehouse space
- Over 1,300 feet of I‑185 frontage and more than 400 feet on Old Cusseta Road
- Light Manufacturing zoning
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
Industrial
$3.37M
$2.95M – $3.93M
NOI $235,747 @ 7.0% cap · market cap 5.97%
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-zoned industrial property with an existing warehouse component and planned interchange access directly in front of the tract.
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: 10.51‑acre industrial tract with approximately 53,000 SF of existing warehouse space; Over 1,300 feet of I‑185 frontage and more than 400 feet on Old Cusseta Road; Light Manufacturing zoning
