Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    500 Andrews Rd Columbus, GA 31903

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    24,900 SF Warehouse, Columbus, GA. Ideal for distribution & manufacturing.

    Property size:
    24,900 SF

    Property Features for 500 Andrews Rd

    General Information

    Property type
    Distribution centers
    Square Feet
    24,900 SF
    Lot Size
    42,689 SF

    We can help!

    Listing Contact
    Tripp Crawford
    Tripp Crawford

    Listing Agency: Coldwell Banker Commercial Kennon, Parker,Duncan & Davis Columbus Listing Agent: Tripp Crawford

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 24,900-square-foot industrial property, located at 500 Andrews Rd, Columbus, Georgia (31903), is offered at $750,000 ($30.12/sq ft). The property boasts a General Commercial (GC) zoning designation and sits on a 0.98-acre lot (APN: 048 002 007). Suitable for distribution, manufacturing, or warehouse operations, this building has undergone recent improvements including a renovated bathroom, installation of a high-speed fiber optic network connection, and a comprehensive military-grade security system. This system features an alarm, door and window sensors, remote lock/unlock capabilities, and hardwired exterior cameras. Further enhancements include power washing and an upgraded electric panel to optimize power capacity and distribution. The property also benefits from a fenced lot, heavy 3-phase power, and convenient proximity to transportation infrastructure – 2.7 miles from a railroad and 7 miles from the airport. This turnkey facility presents a compelling investment opportunity in a strategic location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Masteryde Trailers Production Facility

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.95116358894
    Latitude
    32.451384940617

    Nearby Similar for Sale

    • New
      $324,000
      5,400 SF

      Columbus Commercial Building For Sale

      5,400 sq ft commercial building on 0.45 acres.
      5251 Buena Vista Rd, Columbus, GA 31907
      View Details
    • $850,000
      4,032 SF

      Versatile Office Building in Columbus

      One-story office building with rental income potential in Columbus, GA.
      7559 Kayne Blvd, Columbus, GA 31909
      View Details
    • $850,000
      5,704 SF

      Former Bank Building on Victory

      Versatile commercial building with drive-thru, ideal for financial services.
      1535 Benning Dr, Columbus, GA 31903
      View Details
    • $775,000
      10,000 SF

      Columbus Flex Space on Hamilton

      Versatile flex space building on a busy Columbus thoroughfare.
      4140 Hamilton Rd, Columbus, GA 31904
      View Details
    • $500,000
      6,480 SF

      Columbus Industrial/Flex Building on Victory

      6,480 SF industrial/flex building on 1.38-acre lot.
      3290 Victory Dr, Columbus, GA 31903
      View Details
    • $775,000
      10,000 SF

      Columbus Flex Space For Sale

      10,000 SF flex space in West Central Columbus.
      4140 Hamilton Rd, Columbus, GA 31904
      View Details
    • $589,000
      16,882 SF

      Remarkable Church Renovation Opportunity

      Unique church property with renovation potential in Columbus, Georgia.
      1301 17Th St, Columbus, GA 31901
      View Details
    • $225,000
      2,514 SF

      Columbus Commercial Opportunity: Three Structures

      Two-lot property with three commercial structures in a desirable area.
      1124 20Th St, Columbus, GA 31901
      View Details
    • $165,000
      5,186 SF

      Columbus Commercial Property with Renovation Potential

      Three buildings on 1.8 acres with renovation potential.
      2677 Reese Rd, Columbus, GA 31907
      View Details
    • $289,900
      1,290 SF

      Historic Office Building Near Courthouse

      Charming historic office building near courthouse with classic character.
      215 9Th St, Columbus, GA 31901
      View Details
    • $140,000
      3,080 SF

      Columbus Commercial Property on Buena Vista

      Commercial building on high-traffic corridor with income potential.
      5313 Buena Vista Rd, Columbus, GA 31907
      View Details
    • $790,000
      2,000 SF

      Columbus Retail Opportunity For Sale

      Retail property in Columbus, GA, ideal for commercial ventures.
      924 9Th Ave, Columbus, GA 31901
      View Details

    FAQs

    What type of property is this?
    Distribution center - 24,900 SF Warehouse, Columbus, GA. Ideal for distribution & manufacturing.
    Where is this distribution center located?
    The property is located at 500 Andrews Rd Columbus, GA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: Securely fenced lot.; Abundant 3-phase power.; Conveniently located 2.7 miles from rail and 7 miles from the airport.
    (706) 984-1251 Call to check price and availability
    Request Owner's contact information
    500 Andrews Rd Columbus, GA 31903
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 Andrews Rd
    Columbus, GA 31903
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Andrews Rd Columbus, GA 31903
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tripp Crawford
    Tripp Crawford
    Real Estate License ID: 424507
    (706) 984-1251
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!