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    3207 Victory Dr Columbus, GA 31903

    • Commercial real estate
    • 1,798 SF
    • 1.55 lot acres
    For Sale
    View listing
    $1,800,000
    Last Sale
    Dec 30, 2021
    Value Estimations
    Cap Rate Potential
    8.2%
    Commercial real estate
    Location Intelligence
    Property ID
    US22-2251294
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3207 Victory Dr

    Year built
    1965
    Construction
    WOOD
    Lot size
    1.55 lot acres
    Property size
    1,798 SF
    Property type
    Commercial real estate
    APN
    043 007 003
    APU
    43007003

    Description

    This exceptional 1.55-acre commercial lot is situated on a high-traffic section of Victory Drive in the Columbus, Georgia metro area. Zoned GC, it presents a remarkable opportunity for diverse commercial development. The property's ideal location offers significant visibility and accessibility, making it suitable for a wide range of businesses, including gas stations, retail establishments, automotive services, or other general commercial ventures. Its proximity to the substantial Golden Park and Atlanta Braves Class AA project further enhances its investment potential. The asking price is $1,800,000. This prime parcel is located in Muscogee County, Georgia, with a 31903 zip code. The lot's size and zoning regulations provide ample flexibility for developers seeking a strategic location within a thriving commercial corridor. This presents a unique chance to capitalize on the area's growth and establish a successful commercial enterprise. The property's high visibility and convenient access to major thoroughfares ensure maximum exposure and customer reach. Don't miss this chance to acquire a highly desirable commercial property in a rapidly developing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $345,000
      6.5%
      $315,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $386,000
      Market price range: $67.2k - $387k
      AI Estimate
      $272,000
      Market price range: $107k - $273k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.9547
    Latitude
    32.4329
    CBSA code
    17980
    CBSA name
    COLUMBUS, GA-AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,846
    $124,548
    $23,868
    $148,416
    -
    $311,370
    $59,670
    $371,040

    Comparable in this City

    • Value Estimation by Request

      3110 Victory Dr

      COMMERCIAL (GENERAL)
      3110 Victory Dr, Columbus, GA 31903-5300
      View Details
    • Value Estimation
      $265,000
      9.65 Acres

      235 Airview Dr

      COMMERCIAL (GENERAL) • 9.65 Acres
      235 Airview Dr, Columbus, GA 31903
      View Details
    • Value Estimation
      $265,000
      21.17 Acres

      3900 Aldridge Rd

      COMMERCIAL (GENERAL) • 21.17 Acres
      3900 Aldridge Rd, Columbus, GA 31903
      View Details
    • Value Estimation
      $250,000
      0.14 Acres

      3213 Head St

      COMMERCIAL (GENERAL) • 0.14 Acres
      3213 Head St, Columbus, GA 31903-1951
      View Details
    • Value Estimation
      $240,000
      777 SF

      4819 Old Cusseta Rd

      COMMERCIAL (GENERAL) • 777 SF
      4819 Old Cusseta Rd, Columbus, GA 31903
      View Details
    • Value Estimation
      $275,000
      2,475 SF

      5 Southside Ct

      COMMERCIAL (GENERAL) • 2,475 SF
      5 Southside Ct, Columbus, GA 31903-4496
      View Details

    Similar Nearby for Sale

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    • $1,800,000
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      Columbus Commercial Land - $60,000

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    • $94,500
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      0.57-Acre Commercial Lot, High Visibility
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    Similar Nearby for Lease

    • $10 SF/Yr
      2,900 SF

      Victory Drive Retail Center

      High-Visibility Retail Space Available
      3502 Victory Dr, Columbus, GA 31903
      View Details
    • $495 /Mo

      Columbus, GA Vacant Land

      Vacant land available for rent in Columbus, GA.
      3110 Victory Dr, Columbus, GA 31903
      View Details
    • Contact for pricing
      75,070 SF

      River Square Retail Center

      Columbus, GA Shopping Center Space Available
      1627 Lumpkin Rd, Columbus, GA 31903
      View Details
    • $495 /Mo

      Columbus, GA Vacant Land

      Vacant land ready for immediate move-in in Columbus, GA.
      3110 Victory Dr, Columbus, GA 31903
      View Details
    • $495 /Mo

      Columbus, GA Vacant Land Pad

      Vacant land pad ready for immediate move-in in Columbus, GA.
      3150 Plateau Dr, Columbus, GA 31903
      View Details
    • $495 /Mo

      Ready Pad in Columbus, GA

      Vacant pad available for immediate move-in in Columbus, GA.
      3110 Victory Dr, Columbus, GA 31903
      View Details
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    Columbus, GA 31903
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    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
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