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

    104 38th St Columbus, GA 31904

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space in a growing Columbus, Georgia neighborhood.

    Type:Retail
    Property size:
    3,934 SF
    Added:
    Jan 31, 2024
    Days on Market:
    810
    Last Refresh:
    Mar 17 at 1:20 pm

    Property Features for 104 38th St

    General Information

    Standard status
    Active
    Size
    3,934 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1930

    Spaces For Lease

    at 104 38th St Contact us

    We can help!

    Listing Contact
    Rem Brady

    Listing agent Rem Brady License #GA 353461

    Listing office NAI G2 Commercial

    Listing date Jan 31, 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 NAI G2 Commercial

    Overview

    Bibb City Retail Opportunity

    This +/- 3,934 square foot building is located in Bibb City, Columbus, Georgia, one block from the Chattahoochee River and just off US-80. Situated in an opportunity zone, the surrounding neighborhoods are undergoing redevelopment. The building can be used by a single user or divided into multiple units.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.991026
    Latitude
    32.4987058

    Nearby Similar for Lease

    • Contact for pricing

      Retail Center in High-Traffic Location

      Retail center in Columbus, GA with high visibility.
      4982 Warm Springs Road, Columbus, GA 31909
      View Details
    • Contact for pricing

      Office Spaces For Rent

      Multiple office spaces available, ranging from 143 to 530 square feet.
      18 9th Street, Columbus, GA 31901
      View Details
    • Contact for pricing

      Office Space in Columbus, GA

      1200 SF office space available for rent.
      1661 13th Street, Columbus, GA 31901
      View Details
    • Contact for pricing

      Uptown Columbus Office Space

      Office space in the heart of Uptown Columbus near amenities.
      900 2nd Avenue, Columbus, GA 31901
      View Details
    • Contact for pricing

      Retail Space in Columbus, GA

      Retail space available for lease in Columbus, Georgia.
      3603 Victory Drive, Columbus, GA 31903
      View Details
    • Contact for pricing

      Columbus Office Space For Lease

      1500 SF office space for lease in Columbus, GA.
      1955 Northside Industrial Boulevard, Columbus, GA 31904
      View Details
    • Contact for pricing

      Retail Space in Columbus, GA

      Retail property available for lease in Columbus, Georgia.
      2600 Hamilton Road, Columbus, GA 31904
      View Details
    • Contact for pricing

      Uptown Columbus Office Building

      Five-story office building in the heart of Uptown Columbus.
      18 9th Street, Columbus, GA 31901
      View Details
    • $29/mo

      Prime Retail Space on Manchester

      Retail space near Manchester Expressway with high visibility.
      2643 Manchester Expy, Columbus, GA 31904
      View Details
    • Contact for pricing

      Updated Office Building For Lease

      Recently updated office building with ample parking and convenient location.
      3878 E Britt David Rd, Columbus, GA 31909
      View Details
    • Contact for pricing

      Retail Spaces on University Avenue

      Retail spaces for lease in high-traffic Columbus location.
      4022 University Avenue, Columbus, GA 31907
      View Details
    • Contact for pricing

      Columbus Office Space For Rent

      Professional office space in a well-maintained building, 1,215 SF.
      1435 54th Street Unit 300B, Columbus, GA 31904
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space in a growing Columbus, Georgia neighborhood.
    Where is this retail space located?
    The property is located at 104 38th St Columbus, GA.
    What are key features of this property?
    This property features: Sizeable space: +/- 3,934 SF suitable for single or multiple tenants.; Prime location: Heart of Bibb City, Columbus, Georgia.; Redevelopment potential: Located in an opportunity zone with ongoing neighborhood revitalization.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Rem Brady
    Real Estate License ID: GA 353461
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!