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    Automotive Service Property with Garage Title is generated by Realmo AI

    4922 Veterans Parkway, Columbus, GA 31904

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    For Sale
    $365,000

    COMMERCIAL - Columbus, GA

    Property size:
    2,910 SF
    Lot size:
    0.53 Acres
    Price / SF:
    $125/SF
    Added:
    Jun 1, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 2 at 1:06 pm

    Property Features for 4922 Veterans Parkway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    GC
    Standard status
    Active
    APN
    032008006
    Size
    2,910 SF
    Lot size
    0.53 Acres

    Building Details

    Year built
    1993
    Number of units
    2

    We can help!

    Listing Contact
    Thomas Calhoun

    Listing agent Thomas Calhoun

    Listing office Flournoy & Calhoun REALTORS 2520 Wynnton Road, Columbus, GA

    Listing date Jun 1, 2026

    MLS# 231658

    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.

    HighLights

    • 3 contiguous parcels totaling 0.53 acres on Veterans Parkway with 150 ft of road frontage
    • Main building at 4922 Veterans Pkwy (built 1993) includes a 3‑bay garage plus 2 offices and 2 bathrooms
    • Additional space: 4929 15th Ave is a vacant lot (0.15 acres) used for parking
    • 4931 15th Ave includes a 500 SF metal‑roof building leased for $350/month
    • Traffic access from both Veterans Parkway and 15th Ave, with the three parcels zoned GC
    • Seller states 2 drive‑on lifts and 1 scissor lift are available to sell separately if needed

    Overview

    Located at 4922 Veterans Parkway in Columbus, GA, this commercial property combines three contiguous parcels under GC zoning for a total of 0.53 acres. The main building offers an automotive-focused layout with a 3-bay garage, two offices, and two bathrooms. If needed, the seller can sell separately two drive-on lifts and one scissor lift to support service and maintenance operations. The remaining parcels include a vacant lot currently used for parking and a 500-square-foot building with a metal roof that is currently leased for $350 per month.

    The site provides prominent visibility and convenience with approximately 150 feet of road frontage on Veterans Parkway. Traffic can enter and exit the property from both Veterans Parkway and 15th Avenue, which supports flexible customer access and circulation across the parcels.

    Given its garage configuration, on-site parking, and corner-like access points, the property is well suited for owner-operators looking for an automotive service base with existing office space. It also offers investors a mix of income from the leased metal-roof building alongside future redevelopment or expansion options across the contiguous GC parcels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Pro Automotive Collision Center — 4216 River Rd, Columbus, GA 31904
    • Supertech Auto — 4216 meritas dr, columbus, ga 31904
    • Davo Auto Repair & Towing — 4214 Meritas Dr, Columbus, GA 31904
    • MrBigTows — 4246 Meritas Dr suite b, Columbus, GA 31904
    • Davo Sr Auto Repair, Towing & Auto Wrecker Columbus GA — 4214 meritas dr, columbus, ga 31904

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.9699892
    Latitude
    32.5120714

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    FAQs

    What type of property is this?
    Auto shop - Three contiguous GC parcels totaling 0.53 acres on Veterans Parkway, including a multi-bay garage and income-producing small building.
    Where is this auto shop located?
    The property is located at 4922 Veterans Parkway Columbus, GA.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: 3 contiguous parcels totaling 0.53 acres on Veterans Parkway with 150 ft of road frontage; Main building at 4922 Veterans Pkwy (built 1993) includes a 3‑bay garage plus 2 offices and 2 bathrooms; Additional space: 4929 15th Ave is a vacant lot (0.15 acres) used for parking
    (706) 366-3231
    We can help!
    Listing Contact
    Thomas Calhoun
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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