6801 River Rd Condo 5, Columbus, GA 31904
Shell condition condos in upscale North Columbus mixed-use development.
- Added:
- Jun 21, 2024
- Days on Market:
- 748
- Last Refresh:
- Jul 4 at 10:48 am
Property Features for 6801 River Rd Condo 5
General Information
- Standard status
- Active
- Size
- 1,514 SF
- Property subtype
- Mixed Use, Multifamily, Office, Retail
Building Details
- Year Built
- 2024
Listing office SVN Fall Line Commercial Advisors (706) 566-9135
Listing date Jun 21, 2024
Source Crexi
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HighLights
- Upscale office and retail development in a prime North Columbus location.
- Shell condition condos offer a 'clean slate' for custom design with approved contractors.
- Located above Class A office space with existing tenants including medical offices, pharmacy, bank, and dry cleaner.
- Future expansions underway: offices, hair salon, restaurant/bar, market, and garden nursery.
- Convenient access to schools, shopping, Green Island Country Club, VA Hospital, US Highway 80, and Interstate 185.
- Easily accessible to Atlanta Airport (1.5‑hour drive).
Overview
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 | $27.6k | $18.24 |
| − Vacancy | −$1.3k | −$0.84 |
| EGI | $26.3k | $17.40 |
| − OpEx | −$7.9k | −$5.22 |
| NOI | $18.4k | $12.18 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Muscogee
- State
- Georgia
- Longitude
- -84.996573
- Latitude
- 32.545662