Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Airport Thruway Columbus, GA 31904
    Property profile & analytics

    Airport Thruway, Columbus, GA 31904

    View on Map
    • Retail properties & Spaces
    • 148,347 SF
    • 25.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 0 Airport Thruway

    Year built
    1978
    Lot size
    25.00 lot acres
    Property type
    Retail properties & Spaces

    Description

    The Landings, a Class A retail center in Columbus, Georgia, offers an exceptional opportunity for businesses seeking high-visibility locations. This 148,347 square foot shopping center, situated on 25 acres at Airport Thruway and Whitesville Road (Exit 8 off I-185), boasts 61 suites with a minimum divisible space of 1,200 square feet and a maximum contiguous space of 18,368 square feet. Built in 1978 and extensively renovated in 2008, the property features 12 single-story buildings providing ample space for a variety of retail uses, including storefront, bank, restaurant, and shopping center tenants. The center offers 462 parking spaces for customer convenience. The property is zoned GC and has an APN of 188 007 021D. Utilities include electric power. There are no elevators. Property taxes are $1.22 per square foot. Nine spaces are currently available, making this an ideal location for expansion or new business ventures in the thriving Middletown submarket of Columbus. The family-friendly and community-oriented atmosphere makes this a highly desirable location for businesses seeking strong customer traffic and community engagement.

    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
    -84.9576
    Latitude
    32.5229

    Comparable in this City

    • Value Estimation by Request
      1.63 Acres

      1727 Fountain Ct

      VACANT COMMERCIAL LAND
      1727 Fountain Ct, Columbus, GA 31904-1605
      View Details
    • Value Estimation by Request
      2,744 SF

      1631 Warm Springs Rd

      Individual retail properties
      1631 Warm Springs Rd, Columbus, GA 31904
      View Details
    • Value Estimation by Request
      1,200 SF

      000- Georgia Restaurant For Sale Or Bring Your Own Concept!

      Restaurants
      000- Georgia Restaurant For Sale Or Bring Your Own Concept!, Columbus, GA 31904
      View Details
    • Value Estimation by Request
      0.06 Acres

      4510 Veterans Pkwy

      VACANT COMMERCIAL LAND
      4510 Veterans Pkwy, Columbus, GA 31904-6306
      View Details
    • Value Estimation by Request
      0.03 Acres

      2018 Veterans Pkwy

      VACANT COMMERCIAL LAND
      2018 Veterans Pkwy, Columbus, GA 31904-8905
      View Details
    • Value Estimation by Request
      0.26 Acres

      2600 Veterans Pkwy

      COMMERCIAL (GENERAL)
      2600 Veterans Pkwy, Columbus, GA 31904
      View Details

    Similar Nearby for Sale

    • $250,000

      Versatile Commercial Property in Columbus

      4,800 sq ft building on 0.75-acre lot for sale.
      1233 Midway Dr, Columbus, GA 31904
      View Details
    • Contact for pricing
      8,926 SF

      Mixed-Use Investment Property For Sale

      Income-producing property with retail and storage space in Columbus, GA.
      3219 Howard Ave, Columbus, GA 31904
      View Details
    • $870,000

      Columbus Flex Space For Sale

      8,700 SF flex space ideal for industrial or automotive uses.
      1201 Manchester Expy, Columbus, GA 31904
      View Details
    • $1,800,000

      Versatile Property with Multiple Buildings

      Prime location with multiple buildings suitable for diverse business needs.
      5005 14Th Ave, Columbus, GA 31904
      View Details
    • Contact for pricing
      407,420 SF

      Versatile Warehouse and Storage Facility

      402,900 SF warehouse and storage facility on 16.1 acres.
      3663 1St Ave, Columbus, GA 31904
      View Details
    • $525,000
      3,444 SF

      Columbus Commercial Property on Whitesville

      High-visibility commercial property suited for retail, office, or restaurant.
      5748 Whitesville Rd, Columbus, GA 31904
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Columbus Restaurant and Retail Space

      Restaurant and retail spaces available in high-traffic Columbus location.
      2301 Airport Thruway, Columbus, GA 31904
      View Details
    • Contact for pricing

      Retail Space in Robust Area

      Retail space in a robust retail area anchored by major retailers.
      1611 &1635 Whittlesey Rd, Columbus, GA 31904
      View Details
    • Contact for pricing

      Manchester Expressway Business Park Space

      164,000 SF business park with flex and office space.
      506 Manchester Expy, Columbus, GA 31904
      View Details
    • $3,500 /Mo
      3,285 SF

      Columbus Commercial Building For Rent

      3,285 SF building with excellent visibility and ample parking.
      4219 Holly Ave, Columbus, GA 31904
      View Details
    • Contact for pricing

      3500 2nd Ave, Columbus, GA 31904

      Retail space
      3500 2Nd Ave, Columbus, GA 31904
      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.
    Airport Thruway
    Columbus, GA 31904
    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

    Thank You for Inquiry
    Airport Thruway, Columbus, GA, 31904
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!