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    6801 River Rd Condo 5, Columbus, GA 31904

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    Shell condition condos in upscale North Columbus mixed-use development.

    Type:Mixed Use, Multifamily, Office, Retail
    Property size:
    1,514 SF
    Price / SF:
    $170/SF
    Added:
    Jun 21, 2024
    Days on Market:
    748
    Last Refresh:
    Jul 4 at 10:48 am

    Property Features for 6801 River Rd Condo 5

    General Information

    Standard status
    Active
    Size
    1,514 SF
    Property subtype
    Mixed Use, Multifamily, Office, Retail

    Building Details

    Year Built
    2024

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    Franklin Harcourt
    Franklin Harcourt

    Listing office SVN Fall Line Commercial Advisors

    Listing date Jun 21, 2024

    Source Crexi

    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

    HighLights

    • Upscale office and retail development in a prime North Columbus location.
    • Shell condition condos offer a 'clean slate' for custom design with approved contractors.
    • Located above Class A office space with existing tenants including medical offices, pharmacy, bank, and dry cleaner.
    • Future expansions underway: offices, hair salon, restaurant/bar, market, and garden nursery.
    • Convenient access to schools, shopping, Green Island Country Club, VA Hospital, US Highway 80, and Interstate 185.
    • Easily accessible to Atlanta Airport (1.5‑hour drive).

    Overview

    Located in North Columbus, The Village at Green Island is an upscale mixed-use development featuring office and retail spaces. The condos, situated on the second floor above Class A office tenants, are available for sale in shell condition, allowing buyers to customize the space using approved general contractors. This Class A property offers a range of amenities for professionals and retail customers. Currently, the development includes medical offices, a pharmacy, a bank, and a dry cleaner. Future expansions are under construction, with plans for additional offices, a hair salon, a restaurant/bar, a market, and a garden nursery. The property is conveniently located minutes from schools, shopping centers, Green Island Country Club, VA Hospital, and major transportation routes such as US Highway 80 and Interstate 185. Its proximity to Atlanta Airport, approximately a 1.5-hour drive away, enhances accessibility for travelers and clients. The available condos offer 1514 square feet of space.

    Local Financial Insights For Retail

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $27.6k $18.24
    − Vacancy −$1.3k −$0.84
    EGI $26.3k $17.40
    − OpEx −$7.9k −$5.22
    NOI $18.4k $12.18
    1,514 SF · lease $18.24/SF/yr · vacancy 4.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $263.5K
    $230.5K – $307.4K (±1% cap)
    NOI $18,442 @ 7.0% cap · market cap 7.16%
    Second Best
    Office B
    $254.4K
    $222.6K – $296.8K (±1% cap)
    NOI $17,810 @ 7.0% cap · market cap 6.92%
    Theoretical Best
    Office A
    $338.8K
    $296.4K – $395.2K (±1% cap)
    NOI $23,713 @ 7.0% cap · market cap 9.21%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Sun Ray Cleaners ... (Bike/Boat/Book/etc) Store dentist in Columbus, GA, ... Dental Office T. Lance Collier, ... Dental Office Cosby Vennis D ... Dental Office Joel Stenslie, PT Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Hair Salon Building Supply Spa & Massage Center Dental Office Nail Salon Pharmacy HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.996573
    Latitude
    32.545662

    FAQs

    What type of property is this?
    Mixed-use property - Shell condition condos in upscale North Columbus mixed-use development.
    Where is this mixed-use property located?
    The property is located at 6801 River Rd Condo 5 Columbus, GA.
    What is the asking price?
    The asking price for this property is $257,400.
    What are key features of this property?
    This property features: Upscale office and retail development in a prime North Columbus location.; Shell condition condos offer a 'clean slate' for custom design with approved contractors.; Located above Class A office space with existing tenants including medical offices, pharmacy, bank, and dry cleaner.
    (706) 566-9135 Call to check price and availability
    More about this property
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