Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    2903 2nd Ave Columbus, GA 31904-8111

    • Specialty properties
    • 1,176 SF
    • 1.70 lot acres
    OFF-MARKET
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-2596281
    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

    • Valley Rescue Mission / Non-Profit Organization / Family Service Center

    Property Details for 2903 2nd Ave

    Year built
    1893
    Lot size
    1.70 lot acres
    Property size
    1,176 SF
    Property type
    Specialty properties
    APN
    007 004 001
    APU
    7004001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $230,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $204,000
      Market price range: $55.6k - $205k

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Muscogee
    State
    Georgia
    Longitude
    -84.9907
    Latitude
    32.4912
    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
    $0.00
    $159,952
    $33,384
    $193,336
    -
    $399,880
    $83,460
    $483,340

    Comparable in this City

    • Value Estimation
      $230,000
      0.91 Acres

      1959 Hamilton Rd

      CHARITABLE ORGANIZATION • 0.91 Acres
      1959 Hamilton Rd, Columbus, GA 31904-8924
      View Details
    • Value Estimation
      $230,000
      0.05 Acres

      8 25th St

      CHARITABLE ORGANIZATION • 0.05 Acres
      8 25th St, Columbus, GA 31904-8424
      View Details
    • Value Estimation
      $235,000
      0.07 Acres

      6 25th St

      CHARITABLE ORGANIZATION • 0.07 Acres
      6 25th St, Columbus, GA 31904-8424
      View Details
    • Value Estimation
      $235,000
      0.06 Acres

      403 25th St

      CHARITABLE ORGANIZATION • 0.06 Acres
      403 25th St, Columbus, GA 31904
      View Details
    • Value Estimation
      $245,000
      1,330 SF

      331 27th St

      CHARITABLE ORGANIZATION • 1,330 SF
      331 27th St, Columbus, GA 31904-8444
      View Details
    • Value Estimation by Request
      7,400 SF

      7716 River Crest Dr

      Specialty properties • 7,400 SF
      7716 River Crest Dr, Columbus, GA 31904
      View Details

    Similar Nearby for Sale

    • $45,000

      Columbus GA Workshop - $45K

      Versatile Garage Workshop, Ample Space
      4707 12Th Ave, Columbus, GA 31904
      View Details
    • $425,000
      Pending

      Columbus Commercial Property for Sale

      Commercial property in Columbus, GA, featuring 4,200 square feet.
      3401 Veterans Pkwy, Columbus, GA 31904
      View Details
    • $12,200,000
      407,420 SF

      River Mill Warehouses: Columbus, GA

      Prime Industrial Warehouse, High Income Potential
      3663 1St Ave, 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
    • $550,000
      1.27 Acres

      Columbus, GA Commercial Land

      Located off Veterans Pkwy and Double Churches Rd, Columbus, GA.
      7325 Fortson Rd, Columbus, GA 31904
      View Details
    • $250,000
      1.50 Acres

      Columbus Commercial Office Opportunity

      Commercial office property available for sale in Columbus, Georgia.
      2503 Brookstone Centre Pkwy, Columbus, GA 31904
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      9,141 SF

      St. Francis Office Suites: Columbus, GA

      Prime Columbus Office Space: Newly Renovated, Suites Available
      2013 Devonshire Dr, Columbus, GA 31904
      View Details
    • Contact for pricing
      12,592 SF

      Office Building with Flexible Layout

      Sublease opportunity: 12,592 SF office building with adaptable spaces.
      100 Brookstone Centre Pkwy, Columbus, GA 31904
      View Details
    • Contact for pricing
      12,737 SF

      Medical Office Space Near Campus

      Class A medical office space adjacent to Piedmont Columbus campus.
      2000 Hamilton Rd, Columbus, GA 31904
      View Details
    • $2,200 /Mo
      2,240 SF

      Industrial Flex Unit For Lease

      2,240 SF industrial flex unit in a commercial-industrial corridor.
      5007 11Th Ave, Columbus, GA 31904
      View Details
    • $725 /Mo
      12,722 SF

      Columbus GA Retail/Office Space

      Multi-tenant building with spaces for diverse business needs.
      3601 Hilton Ave, Columbus, GA 31904
      View Details
    • $1,050 /Mo
      1,200 SF

      Functional Office Space For Rent

      Move-in ready office space in a great Columbus location.
      2402 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.
    2903 2nd Ave
    Columbus, GA 31904-8111
    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.
    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.