Single-Tenant Office
For Sale
Contact for pricing
1001 25th Avenue, Phenix City, AL 36869
Fully occupied federal office facility with a full service gross lease extending through May 31, 2029.
Property Size3,240 SF
Lot Size1.41 Acres
Price / SF$169.75
Days on Market17
Property Features for 1001 25th Avenue
General Information
Standard status
Active
Size
3,240 SF
Net Rentable
3,000 SF
Class
B
Lot size
1.41 Acres
Property subtype
Office
Occupancy
100%
Lease Type
Gross
Additional Details
Gross Income
$60,000
Office Units
1
Building Details
Year Built
1989
Buildings
1
Tenancy
Single
Building Size
3,240 SF
Listing Agency:
Coldwell Banker Commercial Kennon, Parker,Duncan & Davis Columbus
Listed By:
Ernie Smallman · License #73030
(706) 888-6651
Source:
Crexi
Added: Aug 21
Changed: Aug 31
Last Checked: Sep 6 at 7:42AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Kennon, Parker,Duncan & Davis Columbus
Investment Insights
Based on property information with market context.
Built in 1989, this single-tenant office property contains 3,240 SF, including 3,000 SF of rentable area, on a 1.41-acre, two-parcel site. The building is occupied by the United States of America through the USDA Farm Service Agency, which operates the Phenix City Service Center for Russell County agricultural producers. The current lease runs through May 31, 2029 and is structured as a full service gross arrangement.
The property sits along 25th Avenue in an established commercial and institutional corridor of Phenix City, Alabama. It is minutes from downtown Phenix City and across the Chattahoochee River from Columbus, Georgia. The site is within the Columbus, GA-AL metro area and Russell County, with Fort Benning located in Columbus.
The property sits along 25th Avenue in an established commercial and institutional corridor of Phenix City, Alabama. It is minutes from downtown Phenix City and across the Chattahoochee River from Columbus, Georgia. The site is within the Columbus, GA-AL metro area and Russell County, with Fort Benning located in Columbus.
Key Highlights
- Single‑tenant office building occupied by the United States of America through the USDA Farm Service Agency
- 3,240 SF building with 3,000 SF rentable area
- 1.41‑acre site comprising two parcels
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
$40,175
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
7.30%
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%
$803,500
$803.5K
Cap Rate 7%
$573,929
$573.9K
Cap Rate 9%
$446,389
$446.4K
Market Conditions
NOI Build-Up for 3,240 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
$64.9K $20.04/SF
− Vacancy
−$11.4K −$3.51/SF
EGI
$53.6K $16.53/SF
− OpEx
−$13.4K −$4.13/SF
NOI
$40.2K $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%
$803,500
Cap Rate 7%
$573,929
Cap Rate 9%
$446,389
Alternative Uses
Best Use
Office B
$573.9K
$502.2K – $669.6K
NOI $40,175 @ 7.0% cap · market cap 7.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$790.2K
$691.4K – $921.9K
NOI $55,315 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 36869, AL
21,748
Population
10,372
Households
2.1
Avg Household Size
37
Median Age
15%
College-Educated
82%
High-School Grad
76.3 sq mi
ZIP Area
285
Density / Sq Mi
$50,341
Median Household Income
$34,418
Median Earnings
$895
Median Rent
$129,200
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 - Fully occupied federal office facility with a full service gross lease extending through May 31, 2029.
Where is this office building located?
The property is located at 1001 25th Avenue Phenix City, AL.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Single‑tenant office building occupied by the United States of America through the USDA Farm Service Agency; 3,240 SF building with 3,000 SF rentable area; 1.41‑acre site comprising two parcels
