Add Listing
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

    461 Columbia Ave Rincon, GA 31326-9446

    • Grocery and convenience stores
    • 120,504 SF
    • 16.56 lot acres
    OFF-MARKET
    Last Sale
    Jan 24, 2023
    $530,000
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US22-3418616
    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

    • Kroger Pharmacy / Pharmacy
    • Ria Money Transfer - Kroger / Bank / Credit Union
    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • Kroger Marketplace / Grocery & Convenience Store / Food Market

    Property Details for 461 Columbia Ave

    Year built
    2015
    Construction
    TYPE NOT SPECIFIED
    Lot size
    16.56 lot acres
    Property size
    120,504 SF
    Zone code
    GC
    Property type
    Grocery and convenience stores
    APN
    R2120017
    APU
    R2120017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $530,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Rincon
    County
    Effingham
    State
    Georgia
    Longitude
    -81.2316
    Latitude
    32.275
    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
    $84,515
    $740,830
    $2,469,128
    $3,209,958
    -
    $1,852,076
    $6,172,821
    $8,024,897

    Comparable in this City

    • Value Estimation by Request
      1,012 SF

      Cloumbia Ave

      CONVENIENCE STORE • 1,012 SF
      Cloumbia Ave, Rincon, GA 31326
      View Details
    • Value Estimation
      $1,145,000
      5,000 SF

      1113 Columbia Ave

      CONVENIENCE STORE • 5,000 SF
      1113 Columbia Ave, Rincon, GA 31326-6825
      View Details
    • Value Estimation by Request
      4,500 SF

      311 Columbia Ave

      Lifestyle centers • 4,500 SF
      311 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
      $1,575,000
      7,786 SF

      6159 Ga Hwy 21st S

      CONVENIENCE STORE • 7,786 SF
      6159 Ga Hwy 21st S, Rincon, GA 31326-5508
      View Details
    • Value Estimation by Request
      476 SF

      102 Lisa St

      CONVENIENCE STORE • 476 SF
      102 Lisa St, Rincon, GA 31326-9671
      View Details

    Similar Nearby for Sale

    • $650,000
      1.00 Acre

      Prime Acre Parcel on Goshen

      High-visibility 1-acre parcel in a rapidly developing area.
      1957 Goshen Road Ext, Rincon, GA 31326
      View Details
    • $1,100,000
      3,360 SF

      Commercial Building in High-Traffic Area

      Commercial building with high visibility in a prime location.
      225 S Columbia Ave, Rincon, GA 31326
      View Details
    • $150,000
      5.00 Acres

      Estate-Sized Residential Lots Available

      Estate-sized residential lots in a peaceful, rural setting.
      Ralph Rahn Rd, Rincon, GA 31326
      View Details
    • $150,000
      5.00 Acres

      Estate-Sized Residential Lots Available

      Estate-sized residential lots in Rincon, GA, ideal for custom homes.
      Ralph Rahn Rd, Rincon, GA 31326
      View Details
    • $199,000
      2.36 Acres

      Rincon, GA Acreage Homesite

      2.36 acre lot in desirable Rincon, GA.
      Little Mccall Rd, Rincon, GA 31326
      View Details
    • $50,000
      0.55 Acres

      Residential Lot in Rincon, GA

      Generous lot in Rincon, GA, surrounded by established homes.
      422 Long Acre Rd, Rincon, GA 31326
      View Details

    Similar Nearby for Lease

    • $1,500 /Mo
      54,886 SF

      Move-in Ready End Unit

      Retail space available for rent in Rincon, Georgia.
      5948 Hwy 21 S, 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
      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
      113,652 SF

      Fort Howard Square Retail Center

      Savannah Retail Space Available Now
      410 Columbia Ave, Rincon, GA 31326
      View Details
    • Contact for pricing
      1,801,600 SF

      Savannah Gateway Industrial Hub

      Massive Industrial Space in Rincon, GA
      0 Mccall Rd, Rincon, GA 31326
      View Details
    • Contact for pricing
      764,780 SF

      Industrial Park Near Georgia Ports

      764,780 SF industrial park near major transportation routes.
      2101 Old Augusta Rd South, Rincon, GA 31326
      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.
    461 Columbia Ave
    Rincon, GA 31326-9446
    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.
    Sign Up Successful!
    You now have access to more from Realmo!