Two-Entrance Office
For Sale
Contact for pricing
1801 Crawford Road, Phenix City, AL 36867
Vacant commercial space with separate access points, dual electrical metering, and parking at both the front and rear.
Property Size1,344 SF
Price / SF$133.18
Days on Market26
Property Features for 1801 Crawford Road
General Information
Standard status
Active
Size
1,344 SF
Total Parking Spaces
10
Property subtype
Business for Sale, Office
Zoning
O
Building Details
Year Built
1965
Buildings
1
Listing Agency:
Champions Realty
(706) 315-5993
Listed By:
Hulya Allen · License #GA254753
Source:
Crexi
Added: Aug 6
Changed: Aug 30
Last Checked: Aug 30 at 8:01PM
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 Champions Realty
Investment Insights
Based on property information with market context.
This vacant office building contains approximately 1,344 SF and was constructed in 1965. Two separate entrances and two electrical meters support flexible occupancy arrangements, including use by one business or division into separate office units. Parking is provided in front of and behind the building.
The property is located at 1801 Crawford Road in Phenix City, Alabama, within an established business corridor described as having busy-road exposure and convenient access. Zoning is O. The configuration may accommodate office, professional service, salon, boutique, or other uses subject to applicable zoning requirements.
The property is located at 1801 Crawford Road in Phenix City, Alabama, within an established business corridor described as having busy-road exposure and convenient access. Zoning is O. The configuration may accommodate office, professional service, salon, boutique, or other uses subject to applicable zoning requirements.
Key Highlights
- Approximately 1,344 SF office building
- Two separate entrances and two electrical meters
- Parking available at the front and rear
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
$12,658
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
7.07%
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%
$253,160
$253.2K
Cap Rate 7%
$180,829
$180.8K
Cap Rate 9%
$140,644
$140.6K
Market Conditions
NOI Build-Up for 1,344 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
$20.2K $15.00/SF
− Vacancy
−$2.1K −$1.55/SF
EGI
$18.1K $13.46/SF
− OpEx
−$5.4K −$4.04/SF
NOI
$12.7K $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%
$253,160
Cap Rate 7%
$180,829
Cap Rate 9%
$140,644
Alternative Uses
Best Use
Office B
$238.1K
$208.3K – $277.8K
NOI $16,665 @ 7.0% cap · market cap 9.31%
Second Best
Retail
$180.8K
$158.2K – $211.0K
NOI $12,658 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$327.8K
$286.8K – $382.4K
NOI $22,946 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
542
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 - Vacant commercial space with separate access points, dual electrical metering, and parking at both the front and rear.
Where is this office units located?
The property is located at 1801 Crawford Road Phenix City, AL.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Approximately 1,344 SF office building; Two separate entrances and two electrical meters; Parking available at the front and rear
