Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    3731 Macon Rd Columbus, GA 31907

    • Specialty properties
    • 51,874 SF
    For Lease
    View listing
    $11 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 3731 Macon Rd

    Property size
    51,874 SF
    Property type
    Specialty properties
    Property subtype
    Airport retail

    Description

    This exceptional 51,874 square foot retail property, classified as Class C, is strategically located at 3731 Macon Road, Columbus, Georgia, 31907, near the intersection of University Avenue. The property is situated in the Midtown submarket of Muscogee County and enjoys convenient access to I-185 and Columbus State University, ensuring high visibility and accessibility. Currently, there is 5,000 square feet of vacant space available for lease within this single-story building. The building features a total of four suites, making it ideal for multiple tenants or a single large-scale operation. The property is zoned NC and is designated as both retail and special purpose, specifically an airport-related retail space. While there are no elevators, the single-story design offers easy navigation. This presents a unique opportunity for businesses seeking a prominent location with excellent connectivity and ample space. The property's airport subtype suggests potential for businesses catering to travelers or airport-related services. Serious inquiries are encouraged to explore this prime retail space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.9316
    Latitude
    32.4906

    Comparable in this City

    • Value Estimation by Request
      36,072 SF

      2901 University Ave

      Neighborhood centers • 36,072 SF
      2901 University Ave, Columbus, GA 31907
      View Details
    • Value Estimation by Request
      1.87 Acres

      4442/4508 Goodson Dr

      Day care centers • 1.87 Acres
      4442/4508 Goodson Dr, Columbus, GA 31907
      View Details
    • Value Estimation by Request
      1.34 Acres

      1485 Schatulga Rd

      CREMATORIUM, MORTUARY • 1.34 Acres
      1485 Schatulga Rd, Columbus, GA 31907-4577
      View Details
    • Value Estimation by Request
      0.83 Acres

      319 Northstar Dr

      CREMATORIUM, MORTUARY • 0.83 Acres
      319 Northstar Dr, Columbus, GA 31907-6033
      View Details
    • Value Estimation by Request
      0.17 Acres

      6727 Pne Vly Dr

      CHARITABLE ORGANIZATION • 0.17 Acres
      6727 Pne Vly Dr, Columbus, GA 31907-4542
      View Details
    • Value Estimation by Request
      65.00 Acres

      Hunter Rd

      CREMATORIUM, MORTUARY • 65.00 Acres
      Hunter Rd, Columbus, GA 31907
      View Details

    Similar Nearby for Sale

    • $850,000
      1.87 Acres

      Columbus Daycare Center - $850K

      1.87-acre daycare center, high traffic area.
      4442/4508 Goodson Dr, Columbus, GA 31907
      View Details
    • $149,500

      Columbus Commercial Land Opportunity

      Prime Georgia land, $149,500.
      3203 University Ave, Columbus, GA 31907
      View Details
    • Contact for pricing
      36,072 SF

      Columbus GA Neighborhood Retail Center

      Neighborhood retail center near Columbus State University, Columbus, Georgia.
      2901 University Ave, Columbus, GA 31907
      View Details
    • $289,900
      5,400 SF

      Columbus Commercial Building For Sale

      5,400 sq ft commercial building in Columbus, Georgia.
      5251 Buena Vista Rd, Columbus, GA 31907
      View Details
    • $1,150,000
      5,936 SF

      Columbus Office Building on 1.61 Acres

      Free-standing 5936 SF office building in prime commercial area.
      6480 Milgen Rd, Columbus, GA 31907
      View Details
    • $165,000
      5,186 SF

      Columbus Commercial Property with Renovation Potential

      Three buildings on 1.8 acres with renovation potential.
      2677 Reese Rd, Columbus, GA 31907
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      51,874 SF

      Arches of University: Airport Retail Space

      5,000 SF Retail Space Available in Columbus, GA
      3731 Macon Rd, Columbus, GA 31907
      View Details
    • $15 SF/Yr
      20,363 SF

      Prime Commercial Space For Lease

      Commercial property with spaces for lease in Columbus, GA.
      3709 Gentian Blvd, Columbus, GA 31907
      View Details
    • Contact for pricing
      107,105 SF

      Columbus GA Shopping Center Opportunity

      High-traffic retail center, spaces available
      4231 Macon Rd, Columbus, GA 31907
      View Details
    • $12 SF/Yr
      20,363 SF

      Trailside Shoppes Retail Space

      Columbus, GA Strip Center with 2,000 SF Available
      3709 Gentian Blvd, Columbus, GA 31907
      View Details
    • $13 SF/Yr
      36,072 SF

      Mission Square Retail Center

      Columbus, GA Neighborhood Center - Retail Space Available
      2901 University Ave, Columbus, GA 31907
      View Details
    • $10 SF/Yr
      34,500 SF

      Macon Road Retail Center Investment

      Prime Macon Road Retail Space Available
      3604 Macon Rd, Columbus, GA 31907
      View Details
    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.
    3731 Macon Rd
    Columbus, GA 31907
    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.