Brick Office Building with
For Sale
$319,999
5050 Warm Springs Road, Columbus, GA 31909
SINGLE_FAMILY - Columbus, GA
Property Size1,519 SF
Lot Size0.06 Acres
Price / SF$210.66
Days on Market47
Property Features for 5050 Warm Springs Road
General Information
Property type
Residential
Property subtype
Office
Directions
From Schomburg Road Head Toward Bridlewood Drive. Turn Right Onto Warm Springs Road. Office Will Be On Your Left.
Subdivision
02-N E Columbus
Standard status
Active
APN
100 014 062A
Size
1,519 SF
Lot size
0.06 Acres
Utilities
Cooling system
Central Air, Electric
Amenities
dedicated reception area
kitchen/break area
private back patio
Building Details
Year built
2004
Number of units
1
Building materials
Brick
Listing Agency:
Southern Collection Real Estate LLC
(706) 905-5731
Listed By:
Amanda Collins
(706) 366-0137
Added: Jul 7
Changed: Aug 4
Last Checked: Aug 22 at 11:06AM
MLS# 231966
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 1,519-square-foot brick office building, constructed in 2004, offers a practical layout for an established business. The interior includes a dedicated reception area with greeting window, five private offices, two bathrooms, and a kitchen or break area. A private back patio adds an outdoor component to the property’s workplace configuration.
Located at 5050 Warm Springs Road in Columbus, Georgia, the property occupies approximately 0.059 acres. Central air and electric cooling serve the building, supporting year-round office operations. The combination of defined offices, reception space, employee amenities, and a private patio provides a complete commercial office setting in a freestanding building.
Located at 5050 Warm Springs Road in Columbus, Georgia, the property occupies approximately 0.059 acres. Central air and electric cooling serve the building, supporting year-round office operations. The combination of defined offices, reception space, employee amenities, and a private patio provides a complete commercial office setting in a freestanding building.
Key Highlights
- 1,519 SF brick office building constructed in 2004
- Five private offices with a dedicated reception area and greeting window
- Two bathrooms plus kitchen/break area
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
$17,869
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
5.58%
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%
$357,380
$357.4K
Cap Rate 7%
$255,271
$255.3K
Cap Rate 9%
$198,544
$198.5K
Market Conditions
NOI Build-Up for 1,519 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
$25.7K $16.92/SF
− Vacancy
−$1.9K −$1.24/SF
EGI
$23.8K $15.68/SF
− OpEx
−$6.0K −$3.92/SF
NOI
$17.9K $11.76/SF
Area
Columbus, GA
Vacancy
7.30%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
25.00%
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%
$357,380
Cap Rate 7%
$255,271
Cap Rate 9%
$198,544
Alternative Uses
Best Use
Office B
$255.3K
$223.4K – $297.8K
NOI $17,869 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$339.9K
$297.4K – $396.5K
NOI $23,791 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
197
Businesses Nearby
Explore this area
Business Placement
Demographics for 31909, GA
38,760
Population
17,486
Households
2.2
Avg Household Size
35
Median Age
38%
College-Educated
91%
High-School Grad
18.7 sq mi
ZIP Area
2,073
Density / Sq Mi
$69,221
Median Household Income
$44,029
Median Earnings
$1,271
Median Rent
$205,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Functional workspace with private offices, reception area, kitchen, bathrooms, and outdoor break space.
Where is this office building located?
The property is located at 5050 Warm Springs Road Columbus, GA.
What is the asking price?
The asking price for this property is $319,999.
What are key features of this property?
This property features: 1,519 SF brick office building constructed in 2004; Five private offices with a dedicated reception area and greeting window; Two bathrooms plus kitchen/break area
