Phenix City Retail/Flex
For Sale
$999,000
1921 Crawford Rd, Phenix City, AL 36867
17,500 SF retail/flex property in Phenix City, Alabama.
Property Size17,500 SF
Price / SF$57.09
Days on Market191
Property Features for 1921 Crawford Rd
General Information
Standard status
Active
Size
17,500 SF
Property subtype
Industrial
Building Details
Building Size
17,500 SF
Year Built
1950
Listing Agency:
NAI G2 Commercial
Listed By:
Shaun Roberts · License #AL #000131497
(706) 615-6484
Source:
G2cre
Added: Feb 26
Changed: Sep 4
Last Checked: Sep 4 at 5:22AM
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 NAI G2 Commercial
Investment Insights
Based on property information with market context.
Located at the intersection of Crawford Road and 20th Avenue in Phenix City, Alabama, this 17,500 SF property offers a prime investment opportunity. The property is suitable for street retail or flex space. It is ideally suited for climatized self-storage, with potential for a variety of other flexible business uses. The property benefits from a high-visibility intersection location.
Key Highlights
- Prime investment opportunity in Phenix City, Alabama
- 17,500 SF street retail/flex property
- Ideal for climatized self‑storage
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
$80,703
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
8.08%
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%
$1,614,060
$1.6M
Cap Rate 7%
$1,152,900
$1.2M
Cap Rate 9%
$896,700
$896.7K
Market Conditions
NOI Build-Up for 17,500 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
$126.0K $7.20/SF
− Vacancy
−$10.7K −$0.61/SF
EGI
$115.3K $6.59/SF
− OpEx
−$34.6K −$1.98/SF
NOI
$80.7K $4.61/SF
Area
Lee County, AL
Vacancy
8.50%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
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%
$1,614,060
Cap Rate 7%
$1,152,900
Cap Rate 9%
$896,700
Alternative Uses
Best Use
Retail
$2.35M
$2.06M – $2.75M
NOI $164,824 @ 7.0% cap · market cap 16.50%
Second Best
Self Storage
$2.34M
$2.05M – $2.73M
NOI $164,052 @ 7.0% cap · market cap 16.42%
Theoretical Best
Office A
$4.27M
$3.73M – $4.98M
NOI $298,771 @ 7.0% cap · market cap 29.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
519
Businesses Nearby
Under-served
Demand for This Use
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 Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mr.B's BBQ with Dat Awesome sauce — 1611 12th St, Phenix City, AL 36867
Frequently Asked Questions
What type of property is this?
Flex space - 17,500 SF retail/flex property in Phenix City, Alabama.
Where is this flex space located?
The property is located at 1921 Crawford Rd Phenix City, AL.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: Prime investment opportunity in Phenix City, Alabama; 17,500 SF street retail/flex property; Ideal for climatized self‑storage
