Phenix City Commercial Building For
For Sale
$390,000
1709 U.S 280, Phenix City, AL 36867
1,217 SF building ideal for retail or office space.
Property Size1,217 SF
Lot Size0.46 Acres
Price / SF$320.46
Days on Market176
Property Features for 1709 U.S 280
General Information
Standard status
Active
Size
1,217 SF
Lot size
0.46 Acres
Property subtype
Office
Building Details
Year Built
1990
Listing Agency:
NAI G2 Commercial
(706) 332-0031
Listed By:
Lakshmi Karthik · License #GA #379497
(706) 332-0031
Source:
Naiglobal
Added: Mar 6
Changed: Jul 10
Last Checked: Aug 28 at 8:56AM
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 NAI G2 Commercial
Investment Insights
Based on property information with market context.
The property is a building with +/- 1,217 square feet of space on a 0.46-acre lot. It is located in Phenix City, Alabama, and offers visibility and high traffic flow. The location is suitable for retail, office space, or mixed-use development. The property is situated minutes from downtown Phenix City, with access to major highways and nearby amenities such as shopping centers, dining, and schools. It has frontage along the U.S. 280 Bypass. The location provides potential for commercial or retail development, with visibility from the bypass and connections to surrounding areas. The property has access to U.S. 280 and ample parking space. It is surrounded by established businesses and commercial activity and offers opportunity for branding and signage visibility.
Key Highlights
- High visibility and traffic flow on U.S. 280 Bypass.
- Convenient access to major highways and downtown Phenix City.
- Ideal for retail, office, or mixed‑use development.
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
$15,090
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
3.87%
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%
$301,800
$301.8K
Cap Rate 7%
$215,571
$215.6K
Cap Rate 9%
$167,667
$167.7K
Market Conditions
NOI Build-Up for 1,217 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
$24.4K $20.04/SF
− Vacancy
−$4.3K −$3.51/SF
EGI
$20.1K $16.53/SF
− OpEx
−$5.0K −$4.13/SF
NOI
$15.1K $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%
$301,800
Cap Rate 7%
$215,571
Cap Rate 9%
$167,667
Alternative Uses
Best Use
Office B
$215.6K
$188.6K – $251.5K
NOI $15,090 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$296.8K
$259.7K – $346.3K
NOI $20,777 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
246
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 units - 1,217 SF building ideal for retail or office space.
Where is this office units located?
The property is located at 1709 U.S 280 Phenix City, AL.
What is the asking price?
The asking price for this property is $390,000.
What are key features of this property?
This property features: High visibility and traffic flow on U.S. 280 Bypass.; Convenient access to major highways and downtown Phenix City.; Ideal for retail, office, or mixed‑use development.
