Add Listing
    For Lease
    • 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

    2528 Weems Rd Columbus, GA 31909

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

    Ground-level retail space in a high-visibility location.

    Type:Retail, Special Purpose
    Added:
    Jun 26, 2024
    Days on Market:
    671
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 2528 Weems Rd

    General Information

    Standard status
    Active
    Property subtype
    Retail, Special Purpose

    Spaces For Lease

    at 2528 Weems Rd Contact us

    Bldg 2 A/B $14 /Mo

    Size
    2,550 SF
    Type
    Retail, Special Purpose
    Contact us

    We can help!

    Listing Contact
    Dayna Greer

    Listing agent Dayna Greer License #FLBO

    Listing office Jennifer Mays

    Listing date Jun 26, 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 Jennifer Mays

    Overview

    Retail Space in Columbus Park

    This ground-level retail space is located at the entrance to Columbus Park Crossing. The space, previously used as a salon, is adaptable for other uses. The location benefits from high visibility and is surrounded by retail, restaurant, office, and apartment buildings. It is suitable for businesses seeking an efficient retail setting. Neighboring businesses include First Watch, Wingstop, Alfa Insurance, and Angel East Massage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tri City Business ... Marketing & Advertising Tony DuShane: Allstate ... Insurance Agency Jamison Britt Salon Hair Salon First Watch Restaurant Wingstop Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.9517673
    Latitude
    32.5391164

    Nearby Similar for Lease

    • $2,800/Mo

      Retail Center in High-Traffic Location

      Retail center in Columbus, GA with high visibility.
      4982 Warm Springs Road, Columbus, GA 31909
      View Details
    • $638/Mo

      Office Spaces For Rent

      Multiple office spaces available, ranging from 143 to 530 square feet.
      18 9th Street, Columbus, GA 31901
      View Details
    • $1,300/Mo

      Office Space in Columbus, GA

      1200 SF office space available for rent.
      1661 13th Street, Columbus, GA 31901
      View Details
    • $1,500/Mo

      Uptown Columbus Office Space

      Office space in the heart of Uptown Columbus near amenities.
      900 2nd Avenue, Columbus, GA 31901
      View Details
    • $800/Mo

      Retail Space in Columbus, GA

      Retail space available for lease in Columbus, Georgia.
      3603 Victory Drive, Columbus, GA 31903
      View Details
    • $2,500/Mo

      Columbus Office Space For Lease

      1500 SF office space for lease in Columbus, GA.
      1955 Northside Industrial Boulevard, Columbus, GA 31904
      View Details
    • $2,000/Mo

      Retail Space in Columbus, GA

      Retail property available for lease in Columbus, Georgia.
      2600 Hamilton Road, Columbus, GA 31904
      View Details
    • $638/Mo

      Uptown Columbus Office Building

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

      Prime Retail Space on Manchester

      Retail space near Manchester Expressway with high visibility.
      2643 Manchester Expy, Columbus, GA 31904
      View Details
    • $1,500/Mo

      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
    • $800/Mo

      Retail Spaces on University Avenue

      Retail spaces for lease in high-traffic Columbus location.
      4022 University Avenue, Columbus, GA 31907
      View Details
    • $1,500/Mo

      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 - Ground-level retail space in a high-visibility location.
    Where is this retail space located?
    The property is located at 2528 Weems Rd Columbus, GA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: High‑visibility location at the entrance to Columbus Park Crossing.; Surrounded by retail, restaurant, office, and apartment living.; Suitable for modification to various retail uses.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dayna Greer
    Real Estate License ID: FLBO
    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!