Storefront Building with Two
New
For Sale
$179,000
1801 Crawford Road, Phenix City, AL 36867
COMMERCIAL - Phenix City, AL
Property Size1,344 SF
Lot Size0.20 Acres
Price / SF$133.18
Days on Market3
Property Features for 1801 Crawford Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
O
Parking
10
Parking features
Parking Lot
Directions
Columbus to 13th St into Phenix City, on the left side of the road right before you get to EABOR, look for sign.
Standard status
Active
APN
05051502201007000
Size
1,344 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
970
Utilities
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1965
Floors in Building
1
Flooring type
Laminate, Concrete
Building materials
Block
Roof type
Asphalt
Listing Agency:
Champions Realty
(706) 596-1339
Listed By:
Hulya Allen · License #72531
(706) 315-5993
Added: Aug 6
Changed: Aug 7
Last Checked: Aug 8 at 10:06PM
MLS# E104570
Copyright © 2026 East Alabama Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This vacant storefront property contains 1,344 square feet within a 0.2-acre parcel. Built in 1965, the block building has two separate entrances and two electrical meters, providing a physical setup that may support one occupant or division into separate office or retail areas. Interior finishes include concrete and laminate flooring, with central heating and central air conditioning. The property also includes an asphalt roof and a dedicated parking lot.
Located at 1801 Crawford Road in Phenix City, the building offers parking at both the front and rear. The property is zoned O, and the existing configuration can accommodate consideration of retail, office, salon, boutique, and professional-service uses subject to zoning.
Located at 1801 Crawford Road in Phenix City, the building offers parking at both the front and rear. The property is zoned O, and the existing configuration can accommodate consideration of retail, office, salon, boutique, and professional-service uses subject to zoning.
Key Highlights
- 1,344 SF commercial storefront on a 0.2‑acre parcel
- Two separate entrances and two electrical meters
- Potential configuration for two office or retail suites
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
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Under-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Vacant commercial space with front and rear parking, central HVAC, and flexible suite configuration.
Where is this storefront property 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: 1,344 SF commercial storefront on a 0.2‑acre parcel; Two separate entrances and two electrical meters; Potential configuration for two office or retail suites
