Office Building with Reception
For Sale
$160,000
710 12th Street, Phenix City, AL 36867
SINGLE_FAMILY - Phenix City, AL
Property Size1,181 SF
Lot Size0.16 Acres
Price / SF$135.48
Days on Market119
Property Features for 710 12th Street
General Information
Property type
Residential
Property subtype
Office
Zoning
C
Parking
1
Window features
Wood Frames
Lot features
Level
Directions
Summerville Rd, cross over Broad St and make RT on 12th St at Utility Building
Standard status
Active
APN
05061402203001001
Size
1,181 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
1315
Utilities
Heating system
Heat Pump (Heating), Electric (Heating)
Cooling system
Electric, Central Air
Building Details
Year built
1930
Floors in Building
1
Flooring type
Carpet, Tile
Building materials
WoodSiding
Additional Structures
Outbuilding
Listing Agency:
KW Realty River Cities · Keller Williams Realty
(334) 298-3900
Listed By:
Evelyn Forston · License #119368
(205) 901-6756
Added: Apr 17
Changed: Aug 11
Last Checked: Aug 13 at 4:06AM
MLS# E103598
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 office building offers an easily used client-facing layout with a welcoming reception area and kitchenette space, along with two private offices and an additional smaller office or storage area. The interior uses neutral wall colors with wood trim accents, and finishes include carpet and tile flooring. The building is constructed with wood siding and is served by a heat pump heating system with electric central air cooling.
The property sits on a 0.16-acre lot at 710 12th Street in downtown Phenix City, within a short distance of the courthouse and surrounded by established businesses. The front includes parking, with additional parking space behind the building.
Recent improvements include a newer roof installed in 2023. Built in 1930, the building totals 1,181 square feet and is positioned for professional office use and other service-oriented businesses.
The property sits on a 0.16-acre lot at 710 12th Street in downtown Phenix City, within a short distance of the courthouse and surrounded by established businesses. The front includes parking, with additional parking space behind the building.
Recent improvements include a newer roof installed in 2023. Built in 1930, the building totals 1,181 square feet and is positioned for professional office use and other service-oriented businesses.
Key Highlights
- 0.16‑acre lot with 1,181 SF office building at 710 12th Street
- Front parking plus additional parking space behind the building
- Newer roof installed in 2023
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
$14,644
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
9.15%
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%
$292,880
$292.9K
Cap Rate 7%
$209,200
$209.2K
Cap Rate 9%
$162,711
$162.7K
Market Conditions
NOI Build-Up for 1,181 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
$23.7K $20.04/SF
− Vacancy
−$4.1K −$3.51/SF
EGI
$19.5K $16.53/SF
− OpEx
−$4.9K −$4.13/SF
NOI
$14.6K $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 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%
$292,880
Cap Rate 7%
$209,200
Cap Rate 9%
$162,711
Alternative Uses
Best Use
Office B
$209.2K
$183.1K – $244.1K
NOI $14,644 @ 7.0% cap · market cap 9.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$288.0K
$252.0K – $336.1K
NOI $20,163 @ 7.0% cap · market cap 12.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
580
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 building - Move-in-ready office building with parking plus a reception area, two private offices, and a kitchenette setup.
Where is this office building located?
The property is located at 710 12th Street Phenix City, AL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: 0.16‑acre lot with 1,181 SF office building at 710 12th Street; Front parking plus additional parking space behind the building; Newer roof installed in 2023
