Retail Storefront with Dual
For Sale
$179,000
1801 Crawford Road, Phenix City, AL 36867
Commercial Sale, Phenix City, AL
Property Size1,344 SF
Lot Size0.19 Acres
Price / SF$133.18
Days on Market32
Property Features for 1801 Crawford Road
General Information
Property type
Commercial Sale
Property subtype
Other
Lot features
Sidewalks, Free Standing
Directions
Columbus To 13th St Into Phenix City, On The Left Side Of The Road Right Before You Get To Eabor, Look For Sign.
Subdivision
Russell
Standard status
Active
APN
AL
Size
1,344 SF
Lot size
0.19 Acres
Utilities
Utilities
Water Available
Heating system
Electric (Heating), Heat Pump (Heating)
Building Details
Year built
1965
Number of units
1
Flooring type
Concrete, Laminate
Building materials
Block
Listing Agency:
Champions Realty
(706) 596-1339
Listed By:
Hulya Allen · License #72531
(706) 315-5993
Added: Aug 6
Changed: Aug 27
Last Checked: Sep 6 at 4:06PM
MLS# 233439
Copyright © 2026 Columbus Board of Realtors (GA). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1,344-square-foot vacant storefront property at 1801 Crawford Road features two separate entrances and two electrical meters. The configuration can support one commercial occupant or division into two office or retail suites, subject to zoning. Block construction, concrete and laminate flooring, electric heating, and a heat pump are in place, with water available.
The property includes parking at both the front and rear of the building. Built in 1965, the single-story commercial asset offers a practical footprint for retail, office, salon, boutique, or professional-services use, subject to applicable zoning requirements.
The property includes parking at both the front and rear of the building. Built in 1965, the single-story commercial asset offers a practical footprint for retail, office, salon, boutique, or professional-services use, subject to applicable zoning requirements.
Key Highlights
- 1,344 SF vacant storefront property
- Two separate entrances and two electrical meters
- Potential configuration for two office or retail suites, subject to zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,658
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.07%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$253,160
$253.2K
Cap Rate 7%
$180,829
$180.8K
Cap Rate 9%
$140,644
$140.6K
Market Conditions
NOI Build-Up for 1,344 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.2K $15.00/SF
− Vacancy
−$2.1K −$1.55/SF
EGI
$18.1K $13.46/SF
− OpEx
−$5.4K −$4.04/SF
NOI
$12.7K $9.42/SF
Area
Lee County, AL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$253,160
Cap Rate 7%
$180,829
Cap Rate 9%
$140,644
Alternative Uses
Best Use
Office B
$238.1K
$208.3K – $277.8K
NOI $16,665 @ 7.0% cap · market cap 9.31%
Second Best
Retail
$180.8K
$158.2K – $211.0K
NOI $12,658 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$327.8K
$286.8K – $382.4K
NOI $22,946 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
520
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36867, AL
22,505
Population
10,782
Households
2.1
Avg Household Size
37
Median Age
28%
College-Educated
90%
High-School Grad
12.6 sq mi
ZIP Area
1,786
Density / Sq Mi
$46,847
Median Household Income
$36,035
Median Earnings
$963
Median Rent
$188,000
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant commercial building with flexible layout potential, front and rear parking, and water availability.
Where is this storefront property located?
The property is located at 1801 Crawford Road Phenix City, AL.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 1,344 SF vacant storefront property; Two separate entrances and two electrical meters; Potential configuration for two office or retail suites, subject to zoning
