Office Building with
For Sale
$390,000
1709 U.S 280, Phenix City, AL 36867
Office-oriented property with on-site parking and frontage along an active commercial corridor.
Property Size1,217 SF
Lot Size0.46 Acres
Price / SF$320.46
Days on Market90
Property Features for 1709 U.S 280
General Information
Standard status
Active
Size
1,217 SF
Class
C
Lot size
0.46 Acres
Property subtype
Office
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
1,217 SF
Year Built
1990
Buildings
1
Listing Agency:
NAI G2 Commercial
(706) 332-0031
Listed By:
Lakshmi Karthik · License #GA #379497
(706) 332-0031
Source:
G2cre
Added: Jun 2
Changed: Aug 29
Last Checked: Aug 29 at 1:31PM
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.
This office-oriented property comprises an approximately 1,217-square-foot building on a 0.46-acre site. The parcel includes parking for employees and visitors, along with frontage on the U.S. 280 Bypass that supports exposure from passing traffic. Built in 1990, the property is positioned for office use within an established commercial setting.
Access to U.S. 280 provides a direct connection for commuters, while the surrounding area includes established businesses and ongoing commercial activity. The site is also near downtown Phenix City, shopping centers, dining, and schools. Its existing building, parking, and roadway presence provide a straightforward configuration for an office user or an owner seeking a commercially located property.
Access to U.S. 280 provides a direct connection for commuters, while the surrounding area includes established businesses and ongoing commercial activity. The site is also near downtown Phenix City, shopping centers, dining, and schools. Its existing building, parking, and roadway presence provide a straightforward configuration for an office user or an owner seeking a commercially located property.
Key Highlights
- ±1,217 SF building on a 0.46‑acre lot
- Frontage along the U.S. 280 Bypass
- On‑site parking for employees and visitors
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
Retail
$163.7K
$143.3K – $191.0K
NOI $11,462 @ 7.0% cap · market cap 2.94%
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
Lease Details
Yes
Highway access
Yes
Paved road access
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 - Office-oriented property with on-site parking and frontage along an active commercial corridor.
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: ±1,217 SF building on a 0.46‑acre lot; Frontage along the U.S. 280 Bypass; On‑site parking for employees and visitors
