Auto Shop with Concrete Car
For Sale
$199,000
4520 17th Avenue, Columbus, GA 31904
COMMERCIAL - Columbus, GA
Property Size1,050 SF
Lot Size0.41 Acres
Price / SF$189.52
Days on Market65
Property Features for 4520 17th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C3 General Commercial
Parking
30
Security features
Security
Exterior features
Paved
Lot features
Free Standing
Directions
From Veterans Parkway East On Manchester Expressway, Left On 17th Avenue, Will See Building With Sign, Dave's Auto Sales.
Subdivision
01-N W Columbus
Standard status
Active
APN
032 031 006
Size
1,050 SF
Lot size
0.41 Acres
Utilities
Utilities
Water Available
Heating system
Forced Air, Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
1989
Floors in Building
1
Number of units
1
Listing Agency:
Rafe Massengale, Appraiser
(706) 596-9725
Listed By:
Rafe Massengale
(706) 587-0543
Added: Jun 8
Changed: Aug 4
Last Checked: Aug 11 at 11:06PM
MLS# 230676
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 auto shop property includes a small lot and an accompanying building, zoned C3 General Commercial. The site is near completely concrete for parking and is largely paved, supporting auto sales and related vehicle storage needs. The owner’s car lot use is described as grandfathered, and the property is positioned just off Manchester Expressway.
The lot size is 0.41 acres, with a property size of 1,050 square feet. The building was built in 1989 and has forced air, electric (heating), with electric central air cooling. Water is available for the site.
An additional lot zoned residential can also be purchased, which the owner has used for lay down purposes. The business is currently in operation, and appointments are required to view the property.
The lot size is 0.41 acres, with a property size of 1,050 square feet. The building was built in 1989 and has forced air, electric (heating), with electric central air cooling. Water is available for the site.
An additional lot zoned residential can also be purchased, which the owner has used for lay down purposes. The business is currently in operation, and appointments are required to view the property.
Key Highlights
- 0.41‑acre C3 General Commercial auto shop property near Manchester Expressway
- 1,050 SF building built in 1989
- Grandfathered car lot use per current owner; Muscogee County requires 2‑acre minimum for car lot
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
$12,790
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
6.43%
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%
$255,800
$255.8K
Cap Rate 7%
$182,714
$182.7K
Cap Rate 9%
$142,111
$142.1K
Market Conditions
NOI Build-Up for 1,050 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
$19.2K $18.24/SF
− Vacancy
−$881 −$0.84/SF
EGI
$18.3K $17.40/SF
− OpEx
−$5.5K −$5.22/SF
NOI
$12.8K $12.18/SF
Area
Columbus, GA
Vacancy
4.60%
Lease Rate
$18.24 /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%
$255,800
Cap Rate 7%
$182,714
Cap Rate 9%
$142,111
Alternative Uses
Best Use
Retail
$182.7K
$159.9K – $213.2K
NOI $12,790 @ 7.0% cap · market cap 6.43%
Second Best
Industrial
$66.7K
$58.4K – $77.8K
NOI $4,670 @ 7.0% cap · market cap 2.35%
Theoretical Best
Office A
$234.9K
$205.6K – $274.1K
NOI $16,446 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,077
Businesses Nearby
145k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 73%
Shops & Services 27%
McDonald's
Dining
25,264 visits/mo
0.2 miles
Starbucks
Dining
19,090 visits/mo
0.2 miles
Circle K
Shops & Services
15,397 visits/mo
0.1 miles
Burger King
Dining
13,097 visits/mo
0.4 miles
Del Taco
Dining
12,071 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
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Similar Off Market Nearby
- Boogie auto — 3834 Hamilton Rd, Columbus, GA 31904
- American Tires Auto — 1110 39th St, Columbus, GA 31904
- Innovative Automotive — 3801 Veterans Pkwy, Columbus, GA 31904
- Glass Plus — 1010 Dozier St, Columbus, GA 31904
- Chuck's Roadside Recovery — 3711 Armour Ave, Columbus, GA 31904
Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop property zoned C3 General Commercial with paved, near-concrete parking and a grandfathered car lot use.
Where is this auto shop located?
The property is located at 4520 17th Avenue Columbus, GA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 0.41‑acre C3 General Commercial auto shop property near Manchester Expressway; 1,050 SF building built in 1989; Grandfathered car lot use per current owner; Muscogee County requires 2‑acre minimum for car lot
