Updated Flex Space with
For Sale
$139,900
3096 COLUMBUS Road, Valley, AL 36854
Commercial/Industrial, VALLEY, AL
Property Size1,930 SF
Lot Size0.41 Acres
Price / SF$72.49
Days on Market95
Property Features for 3096 COLUMBUS Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Directions
From I-85 take exit 77, turn right onto Fob James Dr, turn right onto Hwy 29, bear left onto 20th Ave by (Langdale Methodist Church), right onto Columbus Road. Building will be on the left side at intersection.
Subdivision
Outside Lee Co
Standard status
Active
Size
1,930 SF
Lot size
0.41 Acres
Amenities
kitchenette
Building Details
Year built
1984
Listing Agency:
LOKATION REAL ESTATE
(205) 775-1628
Listed By:
MARSHA COULTER · License #174174
(334) 740-4779
Added: Jun 18
Changed: Aug 20
Last Checked: Sep 20 at 12:06PM
MLS# 181041
Copyright © 2026 Lee County Association of Realtors. 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 1,930-square-foot flex space sits on approximately 0.41 acres and was built in 1984. The building includes a reception and waiting area, multiple offices, a private main office, kitchenette, and a climate-controlled warehouse. Existing coolers remain in place, adding to the property's range of physical improvements. Interior work includes new sheetrock, fresh paint, and luxury vinyl plank flooring, while the rear roof was replaced in 2023.
The corner property is positioned at a busy intersection in Valley and carries C-3 zoning. Its configuration combines customer-facing office space with storage and operational areas, creating a practical setup for commercial users requiring both administrative and warehouse functions.
The corner property is positioned at a busy intersection in Valley and carries C-3 zoning. Its configuration combines customer-facing office space with storage and operational areas, creating a practical setup for commercial users requiring both administrative and warehouse functions.
Key Highlights
- 1,930‑square‑foot flex space on approximately 0.41 acres
- C‑3 zoning at a busy intersection in Valley
- Climate‑controlled warehouse with office areas and private main office
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
$11,311
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
8.09%
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%
$226,220
$226.2K
Cap Rate 7%
$161,586
$161.6K
Cap Rate 9%
$125,678
$125.7K
Market Conditions
NOI Build-Up for 1,930 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
$14.6K $7.56/SF
− Vacancy
−$1.3K −$0.67/SF
EGI
$13.3K $6.89/SF
− OpEx
−$2.0K −$1.03/SF
NOI
$11.3K $5.86/SF
Area
Lee County, AL
Vacancy
8.80%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
15.00%
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%
$226,220
Cap Rate 7%
$161,586
Cap Rate 9%
$125,678
Alternative Uses
Best Use
Office B
$341.9K
$299.2K – $398.9K
NOI $23,932 @ 7.0% cap · market cap 17.11%
Second Best
Flex RnD
$231.0K
$202.1K – $269.5K
NOI $16,169 @ 7.0% cap · market cap 11.56%
Theoretical Best
Office A
$470.7K
$411.9K – $549.2K
NOI $32,950 @ 7.0% cap · market cap 23.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36854, AL
16,399
Population
7,761
Households
2.1
Avg Household Size
41
Median Age
19%
College-Educated
88%
High-School Grad
60.5 sq mi
ZIP Area
271
Density / Sq Mi
$60,385
Median Household Income
$37,589
Median Earnings
$1,021
Median Rent
$146,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - C-3-zoned property combines office areas with a climate-controlled warehouse and adaptable commercial improvements.
Where is this flex space located?
The property is located at 3096 COLUMBUS Road Valley, AL.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 1,930‑square‑foot flex space on approximately 0.41 acres; C‑3 zoning at a busy intersection in Valley; Climate‑controlled warehouse with office areas and private main office
