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
    Property profile & analytics

    1648 Whittlesey Rd Columbus, GA 31904

    • Commercial real estate
    • 1,521 SF
    • 0.95 lot acres
    For Lease
    View listing
    $18 SF/Yr
    Last Sale
    May 29, 2024
    $1,225,000
    Value Estimations
    $1,240,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2090116
    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

    • MANPOWER / Recruiter / Employment Consultant
    • Work-MKP / Clothing Store
    • E&T Nail Salon / Nail Salon
    • MKP Waxing Salon / Waxing Hair Removal Service
    • Dakota's Inspirations / Do-It-Yourself Shop

    Property Details for 1648 Whittlesey Rd

    Year built
    2004
    Construction
    STEEL FRAME
    Lot size
    0.95 lot acres
    Property size
    1,521 SF
    Property type
    Commercial real estate
    APN
    189 027 011
    APU
    189027011

    Description

    This exceptional retail property, located at 1648 Whittlesey Rd in Columbus, Georgia (zip code 31904), offers a prime opportunity for businesses seeking high visibility and strong foot traffic. The property is part of an established neighborhood retail center in North Columbus, boasting a total building size of 6,000 square feet. Currently, there are 1,800 square feet of vacant space available for lease, ideal for multiple tenants. The property's strategic location ensures excellent exposure, with nearby prominent retailers such as Publix, Chick-fil-A, Starbucks, and Target driving significant consumer traffic. This established retail center provides a ready-made customer base and a thriving commercial environment. The property's classification is commercial retail, making it suitable for a variety of businesses. The address is easily accessible, benefiting from high visibility and convenient access for customers. This is an excellent opportunity to establish or expand a business in a high-demand area. The available space is versatile and can be adapted to suit various retail needs. Serious inquiries are encouraged to explore this promising investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $1,225,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,215,000
      6.5%
      $1,180,000
      7%
      $1,275,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,405,000
      Geo Method
      $1,180,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,340,000
      Retail
      $1,095,000
      Mixed-Use
      $1,295,000
      Hospitality
      $1,320,000
      Educational
      $1,275,000
      Residential Income
      $1,070,000
      Energy
      $1,365,000
      Income-Based Land
      $1,305,000
      Food Service
      $1,310,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.9686
    Latitude
    32.5358
    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
    $17,752
    $159,576
    $370,616
    $530,192
    -
    $398,940
    $926,540
    $1,325,480

    Comparable in this City

    • Value Estimation by Request
      1.02 Acres

      2332 Warm Springs Rd

      Land • 1.02 Acres
      2332 Warm Springs Rd, Columbus, GA 31904
      View Details
    • Value Estimation by Request
      0.24 Acres

      70 Porter St

      COMMERCIAL (GENERAL) • 0.24 Acres
      70 Porter St, Columbus, GA 31904
      View Details
    • Value Estimation by Request
      0.79 Acres

      1447 Tulakes Dr

      COMMERCIAL (GENERAL) • 0.79 Acres
      1447 Tulakes Dr, Columbus, GA 31904-2555
      View Details
    • Value Estimation by Request
      0.08 Acres

      406 23rd St

      COMMERCIAL (GENERAL) • 0.08 Acres
      406 23rd St, Columbus, GA 31904
      View Details
    • Value Estimation by Request
      0.16 Acres

      2528 Hamilton Rd

      COMMERCIAL (GENERAL) • 0.16 Acres
      2528 Hamilton Rd, Columbus, GA 31904
      View Details
    • Value Estimation by Request
      0.35 Acres

      2700 Hamilton Rd

      COMMERCIAL (GENERAL) • 0.35 Acres
      2700 Hamilton Rd, Columbus, GA 31904
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.18 Acres

      Columbus, GA Land Portfolio

      Prime Commercial Land, Columbus, GA
      708 23Rd St, Columbus, GA 31904
      View Details
    • $1,290,000
      2.45 Acres

      Columbus Commercial Land - I-185 Access

      2.45-Acre Development Site, Prime Location
      1739 Williams Rd, Columbus, GA 31904
      View Details
    • Contact for pricing
      0.18 Acres

      Midtown Land Portfolio Investment

      Prime development lots, multiple locations.
      708 23Rd St, Columbus, GA 31904
      View Details
    • $250,000
      1.02 Acres

      Columbus Commercial Land - $250K

      Prime 1-acre lot, ideal for development.
      2332 Warm Springs Rd, Columbus, GA 31904
      View Details
    • $400,000
      1.08 Acres

      Midtown Columbus Corner Lot

      High-visibility commercial land, 1.08 acres.
      1953 7Th Ave, Columbus, GA 31904
      View Details
    • $45,000

      Columbus GA Workshop - $45K

      Versatile Garage Workshop, Ample Space
      4707 12Th Ave, Columbus, GA 31904
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      6,000 SF

      Columbus Retail Center Opportunity

      High-traffic retail space, 1,800 sq ft available
      1648 Whittlesey Rd, Columbus, GA 31904
      View Details
    • $6 SF/Yr
      164,000 SF

      North Columbus Business Park: Multi-Use Space

      Versatile Industrial Space, Columbus, GA
      506 Manchester Expy, 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
      2,453 SF

      Medical Office Near Midtown Campus

      Class B medical office space near Piedmont Columbus Regional.
      1900 5Th Ave, Columbus, GA 31904
      View Details
    • $29 SF/Yr
      8,541 SF

      Prime Retail Space on Manchester

      8,541 SF retail space near Manchester Expressway.
      2643 Manchester Expy, Columbus, GA 31904
      View Details
    • $1,650 /Mo
      1,875 SF

      Turnkey Restaurant Space Available

      Ready-to-operate restaurant space in Columbus, GA.
      2420 Hamilton Rd, 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.
    1648 Whittlesey Rd
    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.