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Office Unit with Reception Area
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
Listed By: Evelyn Forston · License #115080056
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.

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 (±1% cap)
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 (±1% cap)
NOI $20,163 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Newsome Financial Group ... Financial Advisor

Suggested Use

Top Pick Dental Office Big Box & Wholesale Store Building Supply Storage Facility (Bike/Boat/Book/etc) Store HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

966
Businesses Nearby

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

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
Questions? Ask Rey
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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
More about this property
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