Phenix City Freestanding
For Sale
Contact for pricing
1713 East 280 Bypass, Phenix City, AL 36867
Freestanding building on 1.34 acres near US-280 Bypass.
Property Size6,000 SF
Lot Size1.34 Acres
Price / SF$162
Days on Market180
Property Features for 1713 East 280 Bypass
General Information
Standard status
Active
Size
6,000 SF
Lot size
1.34 Acres
Property subtype
Retail, Special Purpose
Zoning
C-4 (Highway Commercial)
Occupancy
80%
Investment Type
Value Add
Net Operating Income
$48,823
Building Details
Year Built
1997
Buildings
1
Stories
1
Units
2
Tenancy
Single
Listing Agency:
Skyline Seven Real Estate
(404) 812-8927
Listed By:
Elliott Kyle · License #GA 299687
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 10 at 11:06AM
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 Skyline Seven Real Estate
Investment Insights
Based on property information with market context.
The property at 1713 East 280 Bypass in Phenix City includes two adjacent parcels totaling approximately 1.34 acres. A 6,000 square foot freestanding building is situated on approximately 0.66 acres and is currently occupied by Foundation Point Church. The adjacent 0.68-acre parcel is leased month-to-month to a neighboring business for outdoor display and storage of portable storage buildings, generating ancillary income. The property is positioned along the US-280 Bypass, a primary regional corridor connecting Phenix City to Columbus, Georgia, and surrounding communities. Phenix City is part of the Columbus, Georgia–Alabama metropolitan area and benefits from proximity to Fort Benning, regional employment centers, and established residential neighborhoods. The property presents an opportunity to acquire an assembly-use asset with near-term income upside and long-term demand drivers.
Key Highlights
- Located on the US‑280 Bypass, a primary regional corridor, providing high visibility and accessibility.
- Includes two parcels totaling ±1.34 acres, offering potential for expansion or redevelopment.
- Features a ±6,000 square foot freestanding building suitable for assembly‑use.
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
$56,511
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
5.81%
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%
$1,130,220
$1.1M
Cap Rate 7%
$807,300
$807.3K
Cap Rate 9%
$627,900
$627.9K
Market Conditions
NOI Build-Up for 6,000 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
$90.0K $15.00/SF
− Vacancy
−$9.3K −$1.55/SF
EGI
$80.7K $13.46/SF
− OpEx
−$24.2K −$4.04/SF
NOI
$56.5K $9.42/SF
Area
Lee County, AL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
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%
$1,130,220
Cap Rate 7%
$807,300
Cap Rate 9%
$627,900
Alternative Uses
Best Use
Retail
$807.3K
$706.4K – $941.9K
NOI $56,511 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,436 @ 7.0% cap · market cap 10.54%
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
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 88%
Hotels & Casinos 12%
Krystal
Dining
13,575 visits/mo
0.5 miles
Captain D's
Dining
7,584 visits/mo
0.4 miles
Holiday Inn Express & Suites Phenix City-Ft.Benning Area
Hotels & Casinos
2,123 visits/mo
0.1 miles
Americas Best Value Inn & Suites Phenix City
Hotels & Casinos
428 visits/mo
0.3 miles
Rodeway Inn
Hotels & Casinos
414 visits/mo
0.3 miles
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 Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Freestanding building on 1.34 acres near US-280 Bypass.
Where is this storefront property located?
The property is located at 1713 East 280 Bypass Phenix City, AL.
What is the asking price?
The asking price for this property is $972,000.
What are key features of this property?
This property features: Located on the US‑280 Bypass, a primary regional corridor, providing **high visibility and accessibility**.; Includes two parcels totaling ±1.34 acres, offering potential for expansion or redevelopment.; Features a ±6,000 square foot freestanding building suitable for assembly‑use.
