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 Market204
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
Listed By:
Franklin Harcourt · License #343941
(706) 566-9135
Source:
Crexi
Added: Mar 26
Changed: Oct 14
Last Checked: Oct 14 at 11:11PM
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 / Yr
$109,855
Cap Rate
7.85%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
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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.
