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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    409 Columbia Ave Rincon, GA 31326-9446

    • Drug stores
    • 14,550 SF
    • 1.57 lot acres
    OFF-MARKET
    Last Sale
    Dec 17, 2024
    $4,572,000
    Value Estimations
    $4,570,000
    Show details
    Cap Rate Potential
    3.6%
    Drug stores
    Location Intelligence
    Property ID
    US22-3044552
    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

    • Walgreens Photo / Photo Lab / Photo Shop
    • Walgreens Pharmacy / Pharmacy
    • Redbox / Movie Rental Kiosk / Dvd Store
    • FedEx OnSite / Mailing Service
    • Western Union / Money Transfer Service

    Property Details for 409 Columbia Ave

    Year built
    2007
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.57 lot acres
    Property size
    14,550 SF
    Zone code
    GC
    Property type
    Drug stores
    APN
    R2120019
    APU
    R2120019

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,570,000
      ML approach
      $4,570,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Rincon
    County
    Effingham
    State
    Georgia
    Longitude
    -81.2286
    Latitude
    32.2734
    CBSA code
    42340
    CBSA name
    SAVANNAH, GA 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
    $15,368
    $389,695
    $193,987
    $583,682
    -
    $974,238
    $484,968
    $1,459,206

    Comparable in this City

    • Value Estimation
      $2,505,000
      13,452 SF

      410 Columbia Ave

      DRUG STORE, PHARMACY • 13,452 SF
      410 Columbia Ave, Rincon, GA 31326-9410
      View Details
    • Value Estimation
      $1,100,000
      3,286 SF

      Columbia Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,286 SF
      Columbia Ave, Rincon, GA 31326
      View Details
    • Value Estimation by Request
      2,250 SF

      Columbia Ave

      CONVENIENCE STORE • 2,250 SF
      Columbia Ave, Rincon, GA 31326
      View Details
    • Value Estimation
      $605,000
      6,000 SF

      325 Commerce Dr

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      325 Commerce Dr, Rincon, GA 31326-5438
      View Details
    • Value Estimation by Request
      1,305 SF

      5956 Ga Hwy 21st S

      RETAIL STORES (PERSONAL SERVICES) • 1,305 SF
      5956 Ga Hwy 21st S, Rincon, GA 31326-5505
      View Details
    • Value Estimation
      $2,165,000
      5,640 SF

      5440 Ga Hwy 21st S

      RETAIL STORES (PERSONAL SERVICES) • 5,640 SF
      5440 Ga Hwy 21st S, Rincon, GA 31326-9449
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5.23 Acres

      Highway 21 Commercial Land

      Prime Rincon, GA commercial acreage.
      0 Ga-21, Rincon, GA 31326
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      1.92 Acres

      Prime Corner Parcel in Rincon

      1.92-acre corner parcel with high visibility and flexible zoning.
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      2.69 Acres

      Rincon Commercial Land Trio

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      2 SF

      Commercial Parcels on GA Highway

      Three commercial parcels available in Rincon, GA with highway frontage.
      251 Ga Highway 21, Rincon, GA 31326
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    • $1,500,000
      1,792 SF

      Rincon Industrial Tract - Prime Location

      4.88 Acres, I-1 Zoned, High Growth Area
      1837 Old Augusta Rd, Rincon, GA 31326
      View Details
    • Contact for pricing

      Industrial Land Near Savannah Port

      10.4 acres of industrial-zoned land, 10.5 miles from Savannah Port.
      2023 Old Augusta Rd S, Rincon, GA 31326
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    Similar Nearby for Lease

    • Contact for pricing

      Rincon, GA Retail Opportunity

      Retail property in Rincon, GA with high visibility.
      Rincon, GA 31326
      View Details
    • $30 SF/Yr
      3,288 SF

      Former Restaurant Space For Lease

      3,288 SF former KFC/Taco Bell at Walmart entrance.
      450 South Columbia Ave, Rincon, GA 31326
      View Details
    • Contact for pricing
      166,835 SF

      Rincon Retail Land Opportunity

      Prime 3.83-acre commercial land, ground lease available.
      365 Columbia Ave, Rincon, GA 31326
      View Details
    • Contact for pricing
      113,652 SF

      Fort Howard Square Retail Center

      Savannah Retail Space Available Now
      410 Columbia Ave, Rincon, GA 31326
      View Details
    • Contact for pricing
      363,300 SF

      New Industrial Space Available

      363,300 SF industrial building delivering April 2025.
      2105 Old Augusta Rd S, Rincon, GA 31326
      View Details
    • Contact for pricing
      7,500 SF

      Rincon Warehouse Space Available

      7,500 sq ft warehouse space for rent in Rincon, GA.
      100 Commerce Ct, Rincon, GA 31326
      View Details
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    409 Columbia Ave
    Rincon, GA 31326-9446
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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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