Medical Office Building with
For Sale
$899,000
959 17th St, Columbus, GA 31901
Equipped medical improvements support patient care operations and adaptable professional office use.
Property Size5,478 SF
Price / SF$164.11
Days on Market159
Property Features for 959 17th St
General Information
Standard status
Active
Size
5,478 SF
Total Parking Spaces
23
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Building Size
5,478 SF
Listing Agency:
Flournoy & Calhoun REALTORS
(706) 718-0439
Listed By:
Boon Bickerstaff · License #401869
(706) 718-0439
Source:
Exprealty
Added: Mar 26
Changed: Aug 31
Last Checked: Aug 31 at 8:48AM
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 Flournoy & Calhoun REALTORS
Investment Insights
Based on property information with market context.
This 5,478-square-foot medical office building is configured for healthcare use and includes equipment supporting medical operations. The interior can be adapted for other professional office needs, while the maintained exterior, landscaping, and corner positioning contribute to a clear street presence. On-site parking includes 23 spaces.
The property occupies the corner of 10th Avenue and 17th Street in Columbus, near Piedmont Hospital. Access connects to Veterans Parkway, Uptown Columbus, and I-185, providing established routes for patients, staff, and visitors. Its central setting and existing medical configuration offer a practical foundation for continued healthcare occupancy or professional office conversion.
The property occupies the corner of 10th Avenue and 17th Street in Columbus, near Piedmont Hospital. Access connects to Veterans Parkway, Uptown Columbus, and I-185, providing established routes for patients, staff, and visitors. Its central setting and existing medical configuration offer a practical foundation for continued healthcare occupancy or professional office conversion.
Key Highlights
- 5,478‑square‑foot building configured and equipped for medical use
- 23 on‑site parking spaces
- Corner location at 10th Avenue and 17th Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,441
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.17%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,288,820
$1.3M
Cap Rate 7%
$920,586
$920.6K
Cap Rate 9%
$716,011
$716.0K
Market Conditions
NOI Build-Up for 5,478 SF
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.
Gross rent
$92.7K $16.92/SF
− Vacancy
−$6.8K −$1.24/SF
EGI
$85.9K $15.68/SF
− OpEx
−$21.5K −$3.92/SF
NOI
$64.4K $11.76/SF
Area
Columbus, GA
Vacancy
7.30%
Lease Rate
$16.92 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,288,820
Cap Rate 7%
$920,586
Cap Rate 9%
$716,011
Alternative Uses
Best Use
Office B
$920.6K
$805.5K – $1.07M
NOI $64,441 @ 7.0% cap · market cap 7.17%
Second Best
Healthcare Medical
$919.3K
$804.4K – $1.07M
NOI $64,350 @ 7.0% cap · market cap 7.16%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,800 @ 7.0% cap · market cap 9.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,073
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 31901, GA
7,126
Population
3,971
Households
1.8
Avg Household Size
36
Median Age
35%
College-Educated
82%
High-School Grad
4.4 sq mi
ZIP Area
1,620
Density / Sq Mi
$47,316
Median Household Income
$35,062
Median Earnings
$893
Median Rent
$208,800
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Uptown Veterinary Clinic — 301 13th St Suite 100, Columbus, GA 31901
Frequently Asked Questions
What type of property is this?
Medical Office Space - Equipped medical improvements support patient care operations and adaptable professional office use.
Where is this medical office space located?
The property is located at 959 17th St Columbus, GA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 5,478‑square‑foot building configured and equipped for medical use; 23 on‑site parking spaces; Corner location at 10th Avenue and 17th Street
