Office Building with Reception
For Sale
$160,000
710 12th Street, Phenix City, AL 36867
COMMERCIAL - Phenix City, AL
Property Size1,181 SF
Lot Size0.16 Acres
Price / SF$135.48
Days on Market139
Property Features for 710 12th Street
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
C
Parking
1
Window features
Wood Frames
Lot features
Level
Directions
Summerville Rd, cross over Broad St and make RT on 12th St at Utility Building
Standard status
Active
APN
05061402203001001
Size
1,181 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1315
Utilities
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
1930
Floors in Building
1
Flooring type
Carpet, Tile
Building materials
WoodSiding
Additional Structures
Outbuilding
Listing Agency:
KW Realty River Cities · Keller Williams Realty
(334) 298-3900
Listed By:
Evelyn Forston · License #119368
(205) 901-6756
Added: Apr 17
Changed: Aug 19
Last Checked: Sep 2 at 12:06PM
MLS# E103598
Copyright © 2026 East Alabama Board 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 1,181-square-foot office building at 710 12th Street includes two private offices, a smaller office or storage room, a reception area, and space suited for a kitchenette. Carpet and tile flooring, wood siding, neutral wall colors, and wood trim define the existing finish package. Central air, electric cooling, electric heat, and a heat pump support the interior environment. The roof was replaced in 2023.
The property occupies 0.16 acres in downtown Phenix City, with parking at the front and additional parking behind the building. It is near the courthouse and established businesses, with Uptown Columbus dining, shopping, and entertainment located minutes away. The property is zoned C and was built in 1930.
The property occupies 0.16 acres in downtown Phenix City, with parking at the front and additional parking behind the building. It is near the courthouse and established businesses, with Uptown Columbus dining, shopping, and entertainment located minutes away. The property is zoned C and was built in 1930.
Key Highlights
- 1,181‑square‑foot office building on 0.16 acres
- Two private offices plus a smaller office or storage room
- Reception area and designated space for a kitchenette
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
$14,644
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
9.15%
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%
$292,880
$292.9K
Cap Rate 7%
$209,200
$209.2K
Cap Rate 9%
$162,711
$162.7K
Market Conditions
NOI Build-Up for 1,181 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
$23.7K $20.04/SF
− Vacancy
−$4.1K −$3.51/SF
EGI
$19.5K $16.53/SF
− OpEx
−$4.9K −$4.13/SF
NOI
$14.6K $12.40/SF
Area
Lee County, AL
Vacancy
17.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
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%
$292,880
Cap Rate 7%
$209,200
Cap Rate 9%
$162,711
Alternative Uses
Best Use
Office B
$209.2K
$183.1K – $244.1K
NOI $14,644 @ 7.0% cap · market cap 9.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.0K
$252.0K – $336.1K
NOI $20,163 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
966
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Office building - Downtown office property with private rooms, reception space, parking, and a kitchenette area.
Where is this office building located?
The property is located at 710 12th Street Phenix City, AL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 1,181‑square‑foot office building on 0.16 acres; Two private offices plus a smaller office or storage room; Reception area and designated space for a kitchenette
