Professional Office Suite with
For Sale
$210,000
B-2815 Warm Springs Rd, Columbus, GA 31904
Four private offices, a conference room, restrooms, and a wet bar support an organized professional layout.
Property Size1,629 SF
Price / SF$128.91
Days on Market182
Property Features for B-2815 Warm Springs Rd
General Information
Standard status
Active
Size
1,629 SF
Amenities
vaulted ceiling
skylights
wet bar
restrooms
Listing Agency:
Flournoy & Calhoun REALTORS
(706) 593-9433
Listed By:
John Walden
(706) 593-9433
Source:
Exprealty
Added: Feb 23
Changed: Aug 20
Last Checked: Aug 23 at 2:57AM
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 1,629-square-foot office unit in Columbus, GA, combines private work areas with shared spaces suited to professional operations. The layout includes four executive offices, a conference room that can also serve as an additional office, reception and administrative areas, and two restrooms. A vaulted ceiling and multiple skylights bring natural light into the front portion of the suite.
Additional features include a built-in wet bar with room for a mini-fridge, offering practical support for staff use, refreshments, and meetings. The suite is located at B-2815 Warm Springs Rd in the center of Columbus.
Additional features include a built-in wet bar with room for a mini-fridge, offering practical support for staff use, refreshments, and meetings. The suite is located at B-2815 Warm Springs Rd in the center of Columbus.
Key Highlights
- 1,629‑square‑foot professional office suite
- Four private executive offices plus a conference room
- Conference room can function as a fifth office
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
$19,163
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
9.13%
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%
$383,260
$383.3K
Cap Rate 7%
$273,757
$273.8K
Cap Rate 9%
$212,922
$212.9K
Market Conditions
NOI Build-Up for 1,629 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
$27.6K $16.92/SF
− Vacancy
−$2.0K −$1.24/SF
EGI
$25.6K $15.68/SF
− OpEx
−$6.4K −$3.92/SF
NOI
$19.2K $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%
$383,260
Cap Rate 7%
$273,757
Cap Rate 9%
$212,922
Alternative Uses
Best Use
Office B
$273.8K
$239.5K – $319.4K
NOI $19,163 @ 7.0% cap · market cap 9.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$364.5K
$318.9K – $425.2K
NOI $25,514 @ 7.0% cap · market cap 12.15%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,107
Businesses Nearby
Explore this area
Business Placement
Demographics for 31904, GA
36,947
Population
15,947
Households
2.3
Avg Household Size
39
Median Age
31%
College-Educated
88%
High-School Grad
27.5 sq mi
ZIP Area
1,344
Density / Sq Mi
$65,625
Median Household Income
$42,573
Median Earnings
$1,036
Median Rent
$216,100
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Four private offices, a conference room, restrooms, and a wet bar support an organized professional layout.
Where is this office units located?
The property is located at B-2815 Warm Springs Rd Columbus, GA.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: 1,629‑square‑foot professional office suite; Four private executive offices plus a conference room; Conference room can function as a fifth office
