Office and Retail Space
For Sale
Contact for pricing
5710 Veterans Pkwy, Columbus, GA 31904
Remodeled building with office and retail space in high-traffic area.
Property Size11,300 SF
Price / SF$141.59
Days on Market1681
Property Features for 5710 Veterans Pkwy
General Information
Standard status
Active
Size
11,300 SF
Property subtype
Office, Retail
Zoning
GC
Building Details
Year Built
1977
Stories
3
Listing Agency:
Coldwell Banker Commercial Kennon, Parker,Duncan & Davis Columbus
Listed By:
Carson Cummings · License #GA
(706) 289-2468
Source:
Crexi
Added: Jan 25, 2022
Changed: Aug 14
Last Checked: Sep 1 at 10:59PM
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 Coldwell Banker Commercial Kennon, Parker,Duncan & Davis Columbus
Investment Insights
Based on property information with market context.
This property features approximately 11,300 square feet of space, formerly a bank building. It has been remodeled to accommodate both office and retail uses. The available space includes 11 offices, 2 restrooms, and a breakroom. A private elevator provides access to the second floor. The property also includes an air-conditioned basement of approximately 3,500 square feet. The building benefits from high visibility, situated on the corner of Veterans Parkway (US Hwy 27) and Whitesville Road, a high-traffic area.
Key Highlights
- High visibility location at the corner of Veterans Parkway and Whitesville Road in a high traffic area.
- Large 11,300+\/- SF building suitable for office and retail use.
- Includes 11 offices, 2 restrooms, and a breakroom.
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
$137,642
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
8.60%
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%
$2,752,840
$2.8M
Cap Rate 7%
$1,966,314
$2.0M
Cap Rate 9%
$1,529,356
$1.5M
Market Conditions
NOI Build-Up for 11,300 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
$206.1K $18.24/SF
− Vacancy
−$9.5K −$0.84/SF
EGI
$196.6K $17.40/SF
− OpEx
−$59.0K −$5.22/SF
NOI
$137.6K $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%
$2,752,840
Cap Rate 7%
$1,966,314
Cap Rate 9%
$1,529,356
Alternative Uses
Best Use
Specialty Retail
$2.11M
$1.84M – $2.46M
NOI $147,473 @ 7.0% cap · market cap 9.22%
Second Best
Retail
$1.97M
$1.72M – $2.29M
NOI $137,642 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $176,987 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,209
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Remodeled building with office and retail space in high-traffic area.
Where is this office building located?
The property is located at 5710 Veterans Pkwy Columbus, GA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: High visibility location at the corner of Veterans Parkway and Whitesville Road in a high traffic area.; Large 11,300+\/- SF building suitable for office and retail use.; Includes 11 offices, 2 restrooms, and a breakroom.
