Mixed-Use Property with Expansion
New
For Sale
$399,900
4676 Panther Parkway, Smiths Station, AL 36877
CommercialSale, Smiths Station, AL
Property Size1,979 SF
Lot Size1.19 Acres
Price / SF$202.07
Days on Market6
Property Features for 4676 Panther Parkway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C1
Parking
20
Parking features
Parking Lot
Interior features
HighCeilings
Lot features
Level, Rectangular Lot
Directions
Directions: From Phenix City/Columbus, take US-280 W/US-431 N toward Smiths Station. Turn left toward Smiths Station and continue to Lee Road 430/Panther Parkway. Follow Panther Parkway through Smiths Station toward Smiths Station High School. Property is located at **4676 Lee Road 430**, just past the high school area. Look for the real estate sign.
Standard status
Active
Size
1,979 SF
Lot size
1.19 Acres
Taxes and HOA fees
Tax Year
2026
Utilities
Sewer type
Septic Tank
Heating system
Central
Cooling system
Central Air
Building Details
Year built
1960
Floors in Building
1
Flooring type
Laminate, Carpet
Building materials
Stucco
Roof type
Asphalt
Additional Structures
Outbuilding
Listing Agency:
Real Broker LLC
(334) 631-1234
Listed By:
David Camman · License #143825
(706) 718-9371
Added: Aug 29
Last Checked: Sep 3 at 2:06AM
MLS# E104761
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 1,979-square-foot mixed-use property occupies 1.19 acres and includes a primary facility with four small-group rooms and two bathrooms. The building has high ceilings, laminate and carpet flooring, central heating and central air, stucco construction, and an asphalt roof. A second building with its own bathroom sits behind the main facility, while additional structures contribute further usable space. The property is being sold as-is.
Road frontage extends along Jones Road and Panther Parkway, with the site located near Smiths Station High School. The property is served by a septic tank and includes a parking lot. An unfinished expansion pad with plumbing already available provides a defined area for future build-out. C1 zoning applies; buyers should verify permitted uses and property details independently.
Road frontage extends along Jones Road and Panther Parkway, with the site located near Smiths Station High School. The property is served by a septic tank and includes a parking lot. An unfinished expansion pad with plumbing already available provides a defined area for future build-out. C1 zoning applies; buyers should verify permitted uses and property details independently.
Key Highlights
- 1.19‑acre mixed‑use property in Smiths Station
- 1,979‑square‑foot main facility with four small‑group rooms and two bathrooms
- Road frontage along Jones Road and Panther Parkway
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
$17,366
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
4.34%
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%
$347,320
$347.3K
Cap Rate 7%
$248,086
$248.1K
Cap Rate 9%
$192,956
$193.0K
Market Conditions
NOI Build-Up for 1,979 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
$30.9K $15.60/SF
− Vacancy
−$3.1K −$1.56/SF
EGI
$27.8K $14.04/SF
− OpEx
−$10.4K −$5.27/SF
NOI
$17.4K $8.77/SF
Area
Lee County, AL
Vacancy
10.00%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
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%
$347,320
Cap Rate 7%
$248,086
Cap Rate 9%
$192,956
Alternative Uses
Best Use
Mixed Use
$248.1K
$217.1K – $289.4K
NOI $17,366 @ 7.0% cap · market cap 4.34%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.7K
$422.3K – $563.1K
NOI $33,787 @ 7.0% cap · market cap 8.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
30
Businesses Nearby
Explore this area
Business Placement
Demographics for 36877, AL
12,461
Population
4,929
Households
2.5
Avg Household Size
39
Median Age
25%
College-Educated
86%
High-School Grad
39.1 sq mi
ZIP Area
319
Density / Sq Mi
$68,555
Median Household Income
$43,493
Median Earnings
$1,072
Median Rent
$195,800
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible commercial facility with multiple structures, road frontage, and C1 zoning in Smiths Station.
Where is this mixed-use property located?
The property is located at 4676 Panther Parkway Smiths Station, AL.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 1.19‑acre mixed‑use property in Smiths Station; 1,979‑square‑foot main facility with four small‑group rooms and two bathrooms; Road frontage along Jones Road and Panther Parkway
