Class A Mixed-Use
For Sale
Contact for pricing
6801 River Rd, Columbus, GA 31904
1,514 SF condo in thriving Columbus location.
Property Size1,514 SF
Price / SF$280.71
Days on Market150
Property Features for 6801 River Rd
General Information
Standard status
Active
Size
1,514 SF
Property subtype
Mixed Use, Office
Investment Type
Owner/User
Building Details
Year Built
2026
Listing Agency:
SVN Fall Line Commercial Advisors
(706) 566-9135
Listed By:
Franklin Harcourt · License #343941
Source:
Crexi
Added: Mar 27
Changed: Aug 11
Last Checked: Aug 22 at 5:50AM
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 Class A, 1,514 square foot mixed-use condominium is located at 6801 River Rd, Condo 5 in Columbus, Georgia. The unit is situated within The Village at Green Island, an upscale development in North Columbus. The development features a diverse tenant mix including medical offices, a pharmacy, bank, and dry cleaner. Offered in shell condition, the unit allows for customization using approved general contractors. Future expansion plans include a hair salon, restaurant/bar, and garden nursery. Green Island Grocery has just opened. The property is near schools, shopping, Green Island Country Club, the VA Hospital, US Highway 80, Interstate 185, and Atlanta Airport (1.5-hour drive). Built in 2024, this property is located in zip code 31904.
Key Highlights
- Prime location in The Village at Green Island, a thriving upscale mixed‑use development.
- Shell condition allows for complete customization.
- Diverse tenant mix including medical offices, pharmacy, bank, and dry cleaner.
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
$17,319
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
4.08%
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%
$346,380
$346.4K
Cap Rate 7%
$247,414
$247.4K
Cap Rate 9%
$192,433
$192.4K
Market Conditions
NOI Build-Up for 1,514 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
$29.8K $19.68/SF
− Vacancy
−$2.1K −$1.38/SF
EGI
$27.7K $18.30/SF
− OpEx
−$10.4K −$6.86/SF
NOI
$17.3K $11.44/SF
Area
Columbus, GA
Vacancy
7.00%
Lease Rate
$19.68 /SF/Yr
Expense Ratio
37.50%
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%
$346,380
Cap Rate 7%
$247,414
Cap Rate 9%
$192,433
Alternative Uses
Best Use
Mixed Use
$247.4K
$216.5K – $288.7K
NOI $17,319 @ 7.0% cap · market cap 4.08%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$338.8K
$296.4K – $395.2K
NOI $23,713 @ 7.0% cap · market cap 5.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
89
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 1,514 SF condo in thriving Columbus location.
Where is this mixed-use property located?
The property is located at 6801 River Rd Columbus, GA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Prime location in The Village at Green Island, a thriving upscale mixed‑use development.; Shell condition allows for complete customization.; Diverse tenant mix including medical offices, pharmacy, bank, and dry cleaner.
