Office and Retail Space
5710 Veterans Pkwy Columbus, GA 31904
5710 Veterans Pkwy, Columbus, GA, 31904
Contact for pricing
For Sale
Contact for pricing
Remodeled building with office and retail space in high-traffic area.
Property Size11,300 SF
Price / SF$141.59
Days on Market1635
Property Features for 5710 Veterans Pkwy
General Information
- Standard status
- Active
- Size
- 11,300 SF
- Property subtype
- Office, Retail
Building Details
- Year Built
- 1977
Listing Agency
Coldwell Banker Commercial Kennon, Parker,Duncan & Davis Columbus
(706) 289-2468
Listed by
Mary Lynn Grubb · License #395859
Source
Crexi
Added: Jan 25, 2022 Checked: Jul 17 at 10:17 am
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 Coldwell Banker Commercial Kennon, Parker,Duncan & Davis Columbus
Investment Insights
Based on property information with market context.
This property features approximately 11,300 square feet of space, formerly a bank building. It has been remodeled to accommodate both office and retail uses. The available space includes 11 offices, 2 restrooms, and a breakroom. A private elevator provides access to the second floor. The property also includes an air-conditioned basement of approximately 3,500 square feet. The building benefits from high visibility, situated on the corner of Veterans Parkway (US Hwy 27) and Whitesville Road, a high-traffic area.
Key Highlights
- High visibility location at the corner of Veterans Parkway and Whitesville Road in a high traffic area.
- Large 11,300+\/- SF building suitable for office and retail use.
- Includes 11 offices, 2 restrooms, and a breakroom.
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 | $206.1k | $18.24 |
| − Vacancy | −$9.5k | −$0.84 |
| EGI | $196.6k | $17.40 |
| − OpEx | −$59.0k | −$5.22 |
| NOI | $137.6k | $12.18 |
11,300 SF · lease $18.24/SF/yr · vacancy 4.60% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.11M
$1.84M – $2.46M
NOI $147,473 @ 7.0% cap · market cap 9.22%
Second Best
Retail
$1.97M
$1.72M – $2.29M
NOI $137,642 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$2.53M
$2.21M – $2.95M
NOI $176,987 @ 7.0% cap · market cap 11.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sparkle Soiree Mobile ...
Party Supply Store
Shuntina Lilly
Physician
ABC Portable Toilet
Building Supply
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Remodeled building with office and retail space in high-traffic area.
Where is this office building located?
The property is located at 5710 Veterans Pkwy Columbus, GA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: High visibility location at the corner of Veterans Parkway and Whitesville Road in a high traffic area.; Large 11,300+\/- SF building suitable for office and retail use.; Includes 11 offices, 2 restrooms, and a breakroom.
