Updated Flex Space with
For Sale
$139,900
3096 Columbus Rd, Valley, AL 36854
C-3 corner property combines office areas with a climate-controlled warehouse.
Property Size1,930 SF
Lot Size0.41 Acres
Price / SF$72.49
Days on Market117
Property Features for 3096 Columbus Rd
General Information
Standard status
Active
Size
1,930 SF
Lot size
0.41 Acres
Property subtype
Commercial
Zoning
C-3
Warehouse & Industrial
Cold Storage
Yes
Conditioned Warehouse
Yes
Additional Details
Road Access
Yes
Building Details
Year Built
1984
Listing Agency:
LOKATION REAL ESTATE
(205) 775-1628
Listed By:
MARSHA COULTER · License #174174
Source:
Searchhomesinmontgomery
Added: May 6
Changed: Aug 30
Last Checked: Aug 25 at 7:44AM
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 LOKATION REAL ESTATE
Investment Insights
Based on property information with market context.
This 1,930-square-foot flex property combines office and warehouse functions within a practical commercial layout. The interior includes a reception and waiting area, multiple offices, a private main office, kitchenette, and a climate-controlled warehouse. Existing coolers remain from the building’s former convenience-store use, supporting continued flexibility for different commercial configurations.
Positioned on approximately 0.41 acres at a busy intersection in Lower Valley, the C-3 zoned corner property offers access from 3096 Columbus Rd in Valley, AL. Improvements include a rear roof replacement completed in 2023, plus new sheetrock, fresh paint, and luxury vinyl plank flooring throughout updated interior areas.
Positioned on approximately 0.41 acres at a busy intersection in Lower Valley, the C-3 zoned corner property offers access from 3096 Columbus Rd in Valley, AL. Improvements include a rear roof replacement completed in 2023, plus new sheetrock, fresh paint, and luxury vinyl plank flooring throughout updated interior areas.
Key Highlights
- 1,930‑square‑foot flex property with office and warehouse areas
- Climate‑controlled warehouse with reception area, multiple offices, and private main office
- C‑3 zoning on approximately 0.41 acres
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
$11,311
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
8.09%
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%
$226,220
$226.2K
Cap Rate 7%
$161,586
$161.6K
Cap Rate 9%
$125,678
$125.7K
Market Conditions
NOI Build-Up for 1,930 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
$14.6K $7.56/SF
− Vacancy
−$1.3K −$0.67/SF
EGI
$13.3K $6.89/SF
− OpEx
−$2.0K −$1.03/SF
NOI
$11.3K $5.86/SF
Area
Lee County, AL
Vacancy
8.80%
Lease Rate
$7.56 /SF/Yr
Expense Ratio
15.00%
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%
$226,220
Cap Rate 7%
$161,586
Cap Rate 9%
$125,678
Alternative Uses
Best Use
Flex RnD
$231.0K
$202.1K – $269.5K
NOI $16,169 @ 7.0% cap · market cap 11.56%
Second Best
Warehouse
$161.6K
$141.4K – $188.5K
NOI $11,311 @ 7.0% cap · market cap 8.09%
Theoretical Best
Office A
$470.7K
$411.9K – $549.2K
NOI $32,950 @ 7.0% cap · market cap 23.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36854, AL
16,399
Population
7,761
Households
2.1
Avg Household Size
41
Median Age
19%
College-Educated
88%
High-School Grad
60.5 sq mi
ZIP Area
271
Density / Sq Mi
$60,385
Median Household Income
$37,589
Median Earnings
$1,021
Median Rent
$146,300
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - C-3 corner property combines office areas with a climate-controlled warehouse.
Where is this flex space located?
The property is located at 3096 Columbus Rd Valley, AL.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 1,930‑square‑foot flex property with office and warehouse areas; Climate‑controlled warehouse with reception area, multiple offices, and private main office; C‑3 zoning on approximately 0.41 acres
