Freestanding Office
608 17th Street, Phenix City, AL 36867
For Sale
New
$325,000
CommercialSale, Phenix City, AL
Property Size1,542 SF
Lot Size0.35 Acres
Price / SF$210.77
Days on Market4
Property Features for 608 17th Street
General Information
Property type
Property subtype
Property condition
Zoning
Parking
Parking features
Fencing
Accessibility
Lot features
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Directions
Standard status
APN
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Cooling system
Water source
Amenities
covered front porch
energy-efficient insulated windows
ADA compliant
reception area
break room
Building Details
Year built
Floors in Building
Flooring type
Building materials
Buildings
Listing Agency:
KW Realty River Cities · Keller Williams Realty
(334) 298-3900
Listed By:
Steven Kash · License #86717
(706) 615-4470
Added: Nov 6
Changed: Nov 7
Last Checked: Nov 9 at 9:06AM
MLS# E105362
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.
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Investment Insights
Based on property information with market context.
This 1,542-square-foot office building is under construction on a 0.35-acre parcel. The planned interior includes five private offices, two restrooms, a reception area, and an employee break room. Water access is provided in each office. Exterior materials include frame construction, HardiePlank siding, and stone accents; vinyl flooring is specified inside. The building is designed with an accessible approach and ramp, and a parking lot is included.
The property occupies the corner of Broad Street and 17th Street in Phenix City. Public water serves the site, with central electric heating and central air conditioning listed for the building. The recorded year built is 2025.
The property occupies the corner of Broad Street and 17th Street in Phenix City. Public water serves the site, with central electric heating and central air conditioning listed for the building. The recorded year built is 2025.
Key Highlights
- 1,542‑square‑foot office building on 0.35 acres
- Planned layout includes 5 private offices, 2 restrooms, reception, and employee break room
- Water access in every office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,120
Cap Rate
5.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,400
$382.4K
Cap Rate 7%
$273,143
$273.1K
Cap Rate 9%
$212,444
$212.4K
Market Conditions
NOI Build-Up for 1,542 SF
Gross rent
$30.9K $20.04/SF
− Vacancy
−$5.4K −$3.51/SF
EGI
$25.5K $16.53/SF
− OpEx
−$6.4K −$4.13/SF
NOI
$19.1K $12.40/SF
Area
Lee County, AL
Vacancy
17.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$382,400
Cap Rate 7%
$273,143
Cap Rate 9%
$212,444
Alternative Uses
Best Use
Office B
$273.1K
$239.0K – $318.7K
NOI $19,120 @ 7.0% cap · market cap 5.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$376.1K
$329.1K – $438.8K
NOI $26,326 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
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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
$188,000
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Lee County, AL
Properties on Market for Office buildings in Lee County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office building - The planned office layout includes private workrooms, a reception area, and an employee break room.
Where is this office building located?
The property is located at 608 17th Street Phenix City, AL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 1,542‑square‑foot office building on 0.35 acres; Planned layout includes 5 private offices, 2 restrooms, reception, and employee break room; Water access in every office
