Standalone Office
For Sale
$899,000
6410 W Hamilton Park Dr, Columbus, GA 31909
GC-zoned two-level property includes dedicated rooms, reception and waiting areas, plus open upstairs workspace.
Property Size4,242 SF
Lot Size1.00 Acre
Price / SF$211.93
Days on Market46
Property Features for 6410 W Hamilton Park Dr
General Information
Standard status
Active
Size
4,242 SF
Lot size
1.00 Acre
Zoning
GC
Building Details
Year Built
1998
Buildings
1
Stories
2
Building Size
4,242 SF
Listing Agency:
CENTURY 21 Premier Real Estate
(706) 442-0836
Listed By:
Doris A McClung · License #000081324
Source:
Jetsetrealty
Added: Jul 15
Changed: Aug 28
Last Checked: Aug 25 at 4:55AM
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 CENTURY 21 Premier Real Estate
Investment Insights
Based on property information with market context.
Located at 6410 W Hamilton Park Dr, this 4,242-square-foot office building was constructed in 1998 and occupies a one-acre lot. The two-level layout combines private, sink-equipped rooms with shared reception and waiting areas on the lower floor, while the upper level provides open workspace and a full bathroom.
The lower level contains 10 private rooms, three storage rooms, and 3 half baths. Building systems include 5 HVACS, and the site provides 25 plus parking spots. Additional undeveloped land extends behind the building. The property is zoned GC and is offered for sale with lease availability also noted.
The lower level contains 10 private rooms, three storage rooms, and 3 half baths. Building systems include 5 HVACS, and the site provides 25 plus parking spots. Additional undeveloped land extends behind the building. The property is zoned GC and is offered for sale with lease availability also noted.
Key Highlights
- 4,242‑square‑foot office building on a one‑acre lot
- 10 private rooms with sinks on the bottom floor
- 25 plus parking spots and extra undeveloped land in back
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
$49,901
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
5.55%
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%
$998,020
$998.0K
Cap Rate 7%
$712,871
$712.9K
Cap Rate 9%
$554,456
$554.5K
Market Conditions
NOI Build-Up for 4,242 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
$71.8K $16.92/SF
− Vacancy
−$5.2K −$1.24/SF
EGI
$66.5K $15.68/SF
− OpEx
−$16.6K −$3.92/SF
NOI
$49.9K $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%
$998,020
Cap Rate 7%
$712,871
Cap Rate 9%
$554,456
Alternative Uses
Best Use
Office B
$712.9K
$623.8K – $831.7K
NOI $49,901 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$949.2K
$830.5K – $1.11M
NOI $66,441 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,353
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
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Frequently Asked Questions
What type of property is this?
Office building - GC-zoned two-level property includes dedicated rooms, reception and waiting areas, plus open upstairs workspace.
Where is this office building located?
The property is located at 6410 W Hamilton Park Dr Columbus, GA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 4,242‑square‑foot office building on a one‑acre lot; 10 private rooms with sinks on the bottom floor; 25 plus parking spots and extra undeveloped land in back
