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    3715 1St Ave Columbus, GA 31904

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    For Lease
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    Columbus, GA industrial warehouse space for lease.

    Lot size:
    400,735 SF

    Property Features for 3715 1St Ave

    General Information

    Property type
    Distribution centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    400,735 SF
    Total Rate
    175321.56

    Building Details

    Year Built
    1965
    Buildings
    1
    Stories
    1

    Spaces For Lease

    at 3715 1St Ave, Columbus, GA 31904 Contact us
    Unit 8A-1

    $5 /Mo

    Size
    24,695 SF
    Contact us
    Unit 6

    $5 /Mo

    Size
    Contact us
    Unit 4B

    $5 /Mo

    Size
    21,400 SF
    Contact us

    We can help!

    Listing Contact
    David C. Johnson
    David C. Johnson

    Listing Agent: David C. Johnson

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

    Learn more

    Property Insight Report

    Overview

    This exceptional industrial property, River Mill Warehouses, offers 400,735 square feet of warehouse space situated on a 16.1-acre lot in Columbus, Georgia. The single-story, 1965-built building features 20-foot ceiling heights, enhancing storage and operational efficiency. Currently, 24,695 square feet is available for lease, with spaces ranging from 21,400 to 52,180 square feet. The property boasts modern amenities including LED lighting, a fire sprinkler system, and offices with restrooms. The roof is a new TPO installation. Loading is facilitated by two dock-high doors equipped with levelers, motorized doors, and weather covers. Ample parking is provided with 65 spaces. The property is zoned MROD (Mill Restoration Overlay District), allowing for a variety of uses including warehouse, retail, and related businesses. The owner offers flexible lease terms and is willing to customize build-outs to meet tenant specifications. Strategically located one block west of 2nd Avenue, the property provides easy access to major transportation arteries including J.R. Allen Parkway/US 80, Manchester Expressway/GA 85, and I-185. Its proximity to downtown Columbus and Phenix City adds to its appeal. The property's address is 3715 1st Ave, Columbus, GA 31904, with APN 008-008-009.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Bibb Mill Event ... Hotel & Motel River Mill Storage Storage Facility Lowe Electric Supply ... Building Supply Chattahoochee Riverwalk, Columbus, ... Resort Panasonic Freight Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.9924799
    Latitude
    32.497645

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    FAQs

    What type of property is this?
    Distribution center - Columbus, GA industrial warehouse space for lease.
    Where is this distribution center located?
    The property is located at 3715 1St Ave Columbus, GA.
    What is the lease rate?
    The lease rate is $5-$5 SF/Yr.
    What are key features of this property?
    This property features: Proven owner-operator with flexible lease options.; Prime location near downtown Columbus and Phenix City.; Excellent access to J.R. Allen Parkway, Manchester Expressway, and I-185.
    (706) 577-2398 Call to check price and availability
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    3715 1St Ave Columbus, GA 31904
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    Columbus, GA 31904
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    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
    3715 1St Ave Columbus, GA 31904
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing David C. Johnson
    David C. Johnson
    Real Estate License ID: #175456
    (706) 577-2398 (623) 344-8000 (706) 660-5418
    Learn more
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