Versatile Mixed-Use Property For
For Sale
Contact for pricing
5005 14th Ave, Columbus, GA 31904
Multiple buildings with retail, warehouse, office, and restaurant spaces.
Property Size20,339 SF
Lot Size0.47 Acres
Price / SF$68.83
Days on Market159
Property Features for 5005 14th Ave
General Information
Standard status
Active
Size
20,339 SF
Class
B
Lot size
0.47 Acres
Property subtype
Industrial
Zoning
GC
Lease Type
Gross
Building Details
Year Built
1978
Buildings
5
Stories
2
Units
5
Tenancy
Multi
Listing Agency:
SVN Fall Line Commercial Advisors
(706) 566-9135
Listed By:
Franklin Harcourt · License #343941
Source:
Crexi
Added: Mar 26
Changed: Aug 27
Last Checked: Aug 29 at 3:23AM
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 SVN Fall Line Commercial Advisors
Investment Insights
Based on property information with market context.
This mixed-use property is located in a prime spot with high visibility from Veterans Parkway. It features multiple parcels and buildings, designed with functionality and security in mind. A large gravel lot connects most of the buildings and is fenced in with multiple gate access points. The property includes a main building spanning 7,663 square feet, comprising warehouse space with a retail storefront, multiple drive-in roll-up doors, and a spacious upstairs apartment equipped with a kitchen and full bathroom. A body shop offers 4,800 square feet of space, including an office area and 6 roll-up doors. A corner building, currently operating as a restaurant and grocery store, measures 1,750 square feet. An office warehouse provides 4,020 square feet of space, combining office and warehouse facilities with several roll-up doors. Two additional storage buildings, measuring 756 and 1,750 square feet respectively, also feature roll-up doors. The property is suitable for an owner-user or investor looking to maximize the potential of the space, catering to different business needs.
Key Highlights
- Prime location with high visibility on Veterans Parkway.
- Multiple buildings totaling over 20,000 sq ft suitable for diverse commercial uses.
- Large, fenced gravel lot connecting buildings with multiple gate access points.
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
$109,855
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
7.85%
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%
$2,197,100
$2.2M
Cap Rate 7%
$1,569,357
$1.6M
Cap Rate 9%
$1,220,611
$1.2M
Market Conditions
NOI Build-Up for 20,339 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
$139.1K $6.84/SF
− Vacancy
−$9.9K −$0.49/SF
EGI
$129.2K $6.35/SF
− OpEx
−$19.4K −$0.95/SF
NOI
$109.9K $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%
$2,197,100
Cap Rate 7%
$1,569,357
Cap Rate 9%
$1,220,611
Alternative Uses
Best Use
Specialty Retail
$3.79M
$3.32M – $4.42M
NOI $265,439 @ 7.0% cap · market cap 18.96%
Second Best
Retail
$3.54M
$3.10M – $4.13M
NOI $247,743 @ 7.0% cap · market cap 17.70%
Theoretical Best
Office A
$4.55M
$3.98M – $5.31M
NOI $318,561 @ 7.0% cap · market cap 22.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,000
Businesses Nearby
Explore this area
Business Placement
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 Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Multiple buildings with retail, warehouse, office, and restaurant spaces.
Where is this mixed-use property located?
The property is located at 5005 14th Ave Columbus, GA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime location with high visibility on Veterans Parkway.; Multiple buildings totaling over 20,000 sq ft suitable for diverse commercial uses.; Large, fenced gravel lot connecting buildings with multiple gate access points.
