Freestanding Professional Office
1621 Broad St Phenix City, AL 36867
For Sale
$325,000
Pending
Freestanding professional/medical office building along Broad Street with zoning A-O and flexible live-work potential.
Property Size1,818 SF
Days on Market129
Property Features for 1621 Broad St
General Information
Standard status
Pending
Size
1,818 SF
Listing Agency:
Berkshire Hathaway HS First Magnolia Realty
(860) 933-7022
Listed By:
Cal Knecht · License #389218
(860) 933-7022
Source:
Exprealty
Added: Mar 22
Changed: Jul 21
Last Checked: Jul 26 at 3:46PM
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 Berkshire Hathaway HS First Magnolia Realty
Investment Insights
Based on property information with market context.
Located at 1621 Broad St in Phenix City, Alabama, this freestanding professional/medical office building offers 1,818 square feet of space. The property is described as well-suited for professional and medical uses, and it features zoning A-O that also supports potential live-work use scenarios.
Situated along Broad Street, one of the area’s main commercial thoroughfares, the site is positioned for convenient ingress and egress and is promoted as benefiting from high daily traffic counts. The listing also references proximity to downtown Columbus and regional transportation routes.
As an owner-user or investor asset, the building is presented as a flexible option for professional services and medical or office-oriented tenants, with the A-O zoning noted as providing additional long-range reuse considerations.
Situated along Broad Street, one of the area’s main commercial thoroughfares, the site is positioned for convenient ingress and egress and is promoted as benefiting from high daily traffic counts. The listing also references proximity to downtown Columbus and regional transportation routes.
As an owner-user or investor asset, the building is presented as a flexible option for professional services and medical or office-oriented tenants, with the A-O zoning noted as providing additional long-range reuse considerations.
Key Highlights
- Freestanding 1,818 SF professional/medical office building at 1621 Broad Street in Phenix City, Alabama
- Located on Broad Street in the heart of Phenix City, with easy ingress and egress
- Zoned A‑O, supporting a range of professional office uses and potential live‑work uses
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.4k | $20.04 |
| − Vacancy | −$6.4k | −$3.51 |
| EGI | $30.1k | $16.53 |
| − OpEx | −$7.5k | −$4.13 |
| NOI | $22.5k | $12.40 |
1,818 SF · lease $20.04/SF/yr · vacancy 17.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$322.0K
$281.8K – $375.7K
NOI $22,543 @ 7.0% cap · market cap 6.94%
Second Best
Healthcare Medical
$292.9K
$256.3K – $341.7K
NOI $20,502 @ 7.0% cap · market cap 6.31%
Theoretical Best
Office A
$443.4K
$388.0K – $517.3K
NOI $31,038 @ 7.0% cap · market cap 9.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Freestanding professional/medical office building along Broad Street with zoning A-O and flexible live-work potential.
Where is this office building located?
The property is located at 1621 Broad St Phenix City, AL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Freestanding 1,818 SF professional/medical office building at 1621 Broad Street in Phenix City, Alabama; Located on Broad Street in the heart of Phenix City, with easy ingress and egress; Zoned A‑O, supporting a range of professional office uses and potential live‑work uses
