Office Unit with Reception
For Sale
$160,000
710 12th Street, Phenix City, AL 36867
Commercial Sale, Phenix City, AL
Property Size1,181 SF
Lot Size0.20 Acres
Price / SF$135.48
Days on Market45
Property Features for 710 12th Street
General Information
Property type
Commercial Sale
Property subtype
Other
Exterior features
Storage
Directions
Summerville Rd, Cross Over Broad St And Make Rt On 12th St At Utility Building
Subdivision
Russell
Standard status
Active
APN
570506142203001
Size
1,181 SF
Lot size
0.20 Acres
Utilities
Utilities
Water Available
Heating system
Electric (Heating), Heat Pump (Heating)
Cooling system
Central Air, Electric
Building Details
Year built
1930
Floors in Building
1
Number of units
1
Flooring type
Carpet
Additional Structures
Storage
Listing Agency:
Keller Williams Realty River Cities
(706) 221-6900
Listed By:
Evelyn Forston · License #115080056
(205) 901-6756
Added: Jul 20
Changed: Aug 27
Last Checked: Sep 2 at 11:06AM
MLS# 231234
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 1,181-square-foot office unit includes two private offices, a smaller office or storage room, a reception area, and space suitable for a kitchenette. Carpeted interiors feature neutral wall colors with wood trim accents. The property also includes exterior storage, central air, electric cooling, and electric heat pump systems.
Located at 710 12th Street in Phenix City, the property sits near the courthouse and established businesses in the downtown area. Front parking is available, with additional unused space behind the building that can accommodate more parking. A newer roof installed in 2023 adds a recent capital improvement to the property.
Located at 710 12th Street in Phenix City, the property sits near the courthouse and established businesses in the downtown area. Front parking is available, with additional unused space behind the building that can accommodate more parking. A newer roof installed in 2023 adds a recent capital improvement to the property.
Key Highlights
- 1,181‑square‑foot office unit on a 0.2‑acre lot
- Two private offices plus a smaller office or storage room
- Reception area and designated kitchenette space
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Professional office layout with private rooms, storage, kitchenette space, and on-site parking.
Where is this office units 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 unit on a 0.2‑acre lot; Two private offices plus a smaller office or storage room; Reception area and designated kitchenette space
