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

    104 38Th St Columbus, GA 31904

    • Commercial real estate
    • 3,913 SF
    • 0.16 lot acres
    For Lease
    View listing
    Last Sale
    Dec 10, 2021
    $213,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2286971
    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 104 38Th St

    Year built
    1930
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    3,913 SF
    Property type
    Commercial real estate
    APN
    008 009 001
    APU
    8009001

    Description

    This exceptional freestanding retail building, located at 104 38th Street in Columbus, Georgia, offers 3,934 square feet of versatile space. Built in 1930, this single-story structure sits on a 0.1-acre lot and is zoned RO. The property is ideally suited for a single tenant or can be easily divided into multiple units, with two spaces currently available, ranging from approximately 1,948 to 1,986 square feet. Its prime location in Bibb City places it just one block from the Chattahoochee River and conveniently off US-80. The property benefits from its position within an opportunity zone, an area experiencing significant redevelopment and growth. This presents a unique opportunity for businesses seeking high visibility and access to a revitalizing neighborhood. The Muscogee County property (APN: 008-009-001) offers a blend of historical charm and modern potential, making it an attractive investment for discerning buyers. The building's single-story design and ample space provide flexibility for a variety of retail uses. Interested parties are encouraged to explore the possibilities this exceptional property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.991
    Latitude
    32.4987
    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
    $3,915
    $20,072
    $79,318
    $99,390
    -
    $50,180
    $198,294
    $248,474

    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

      Midtown Land Portfolio Investment

      Prime development lots, multiple locations.
      708 23Rd St, Columbus, GA 31904
      View Details
    • 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
    • $400,000
      1.08 Acres

      Midtown Columbus Corner Lot

      High-visibility commercial land, 1.08 acres.
      1953 7Th Ave, 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
    • $45,000

      Columbus GA Workshop - $45K

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

    Similar Nearby for Lease

    • $5 SF/Yr
      400,735 SF

      River Mill Warehouse Space Available

      Columbus, GA industrial warehouse space for lease.
      3715 1St Ave, Columbus, GA 31904
      View Details
    • $12 SF/Yr
      148,347 SF

      The Landings: Columbus Retail Center

      Prime Columbus retail space, multiple suites available.
      0 Airport Thruway, Columbus, GA 31904
      View Details
    • Contact for pricing
      3,934 SF

      Columbus Retail Space - Bibb City

      Prime Retail Building, Two Spaces Available
      104 38Th St, Columbus, GA 31904
      View Details
    • $10 SF/Yr
      35,303 SF

      Columbus Executive Office Building

      Prime 35,303 SF Office, 250 Parking Spaces
      2300 Brookstone Centre Pkwy, Columbus, GA 31904
      View Details
    • $28 SF/Yr
      10,000 SF

      Class A Office and Retail

      Upscale office and retail space in a desirable location.
      6801 River Rd, Columbus, GA 31904
      View Details
    • $2,000 /Mo
      2,984 SF

      Retail Space in Columbus, GA

      Retail property available for lease in Columbus, Georgia.
      2600 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.
    104 38Th St
    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

    Google sign-in failed. Please try again or use another login method.