Industrial Warehouse with Roll-Up
For Sale
$399,000
800 Industrial Circle Phenix, Phenix City, AL 36869
Renovated office component pairs with updated warehouse systems and concrete loading access.
Property Size5,600 SF
Price / SF$71.25
Days on Market194
Property Features for 800 Industrial Circle Phenix
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Warehouse
Additional Details
Asking Price
$399,000
Highway Access
Yes
Drive-In Doors
13
Building Details
Building Size
5,600 SF
Year Built
1985
Properties For Sale
at 800 Industrial Circle Phenix Contact us- Size
- 5,600 SF
- Lease Type
- NNN
800 Industrial Circle
Listing Agency:
Right Space Commercial
(205) 292-4643
Listed By:
Case McNeill · License #130788
(205) 292-4643
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 6:45PM
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 Right Space Commercial
Investment Insights
Based on property information with market context.
This 5,600 SF industrial warehouse, built in 1985, combines renovated office space with a functional warehouse area. Office improvements include new LVP flooring, fresh paint, and updated lighting, while the warehouse has upgraded electrical service and LED lighting throughout.
Thirteen 6’ x 8’ roll-up doors provide access from both sides of the building, with seven positioned on the south side and six on the north side. A full concrete apron supports access along both elevations, and the landlord may consider widening the doors for tenant operations. The facility is located in Phenix City Industrial Park with access to Highway 280 and transportation routes connecting Phenix City, Columbus, and surrounding markets.
Thirteen 6’ x 8’ roll-up doors provide access from both sides of the building, with seven positioned on the south side and six on the north side. A full concrete apron supports access along both elevations, and the landlord may consider widening the doors for tenant operations. The facility is located in Phenix City Industrial Park with access to Highway 280 and transportation routes connecting Phenix City, Columbus, and surrounding markets.
Key Highlights
- 5,600 SF industrial facility in Phenix City Industrial Park
- 13 6’ x 8’ roll‑up doors: seven on the south side and six on the north
- Full concrete apron access on both sides of the building
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
$32,819
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
8.23%
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%
$656,380
$656.4K
Cap Rate 7%
$468,843
$468.8K
Cap Rate 9%
$364,656
$364.7K
Market Conditions
NOI Build-Up for 5,600 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
$42.3K $7.56/SF
− Vacancy
−$3.7K −$0.67/SF
EGI
$38.6K $6.89/SF
− OpEx
−$5.8K −$1.03/SF
NOI
$32.8K $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%
$656,380
Cap Rate 7%
$468,843
Cap Rate 9%
$364,656
Alternative Uses
Best Use
Flex RnD
$670.2K
$586.4K – $781.9K
NOI $46,915 @ 7.0% cap · market cap 11.76%
Second Best
Warehouse
$468.8K
$410.2K – $547.0K
NOI $32,819 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$1.37M
$1.20M – $1.59M
NOI $95,607 @ 7.0% cap · market cap 23.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
150
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36869, AL
21,748
Population
10,372
Households
2.1
Avg Household Size
37
Median Age
15%
College-Educated
82%
High-School Grad
76.3 sq mi
ZIP Area
285
Density / Sq Mi
$50,341
Median Household Income
$34,418
Median Earnings
$895
Median Rent
$129,200
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.
Similar Off Market Nearby
- Freeway Self Storage — 222 Martin Luther King Jr Pkwy S, Phenix City, AL 36869
Frequently Asked Questions
What type of property is this?
Warehouse - Renovated office component pairs with updated warehouse systems and concrete loading access.
Where is this warehouse located?
The property is located at 800 Industrial Circle Phenix Phenix City, AL.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 5,600 SF industrial facility in Phenix City Industrial Park; 13 6’ x 8’ roll‑up doors: seven on the south side and six on the north; Full concrete apron access on both sides of the building
