Spacious Mixed-Use Property For
For Sale
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1713 Opelika Rd, Phenix City, AL 36867
16,037 sq ft mixed-use property with fenced lot.
Property Size16,037 SF
Lot Size1.00 Acre
Price / SF$56.12
Days on Market773
Property Features for 1713 Opelika Rd
General Information
Standard status
Active
Size
16,037 SF
Class
C
Lot size
1.00 Acre
Property subtype
Business for Sale, Mixed Use, Office, Retail, Self Storage
Zoning
c4
Investment Type
Owner/User
Building Details
Year Built
1955
Year Renovated
2020
Buildings
1
Stories
1
Units
1
Listing Agency:
Abc Realty Services, Inc.
Listed By:
Cecil Smith
Source:
Crexi
Added: Aug 27, 2024
Changed: Sep 16
Last Checked: Oct 7 at 10:25AM
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 Abc Realty Services, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property offers 16,037 square feet of heated and cooled space. Situated on a lot exceeding one acre, the property is fully fenced and includes a sprinkler system. Its location offers convenient access to the T1 line. The property is suitable for office, retail, self-storage, and industrial uses.
Key Highlights
- Excellent location near T1 line
- 16,000 sq ft of heated and cooled space
- Over 1 acre and fenced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,956
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,479,120
$1.5M
Cap Rate 7%
$1,056,514
$1.1M
Cap Rate 9%
$821,733
$821.7K
Market Conditions
NOI Build-Up for 16,037 SF
Gross rent
$115.5K $7.20/SF
− Vacancy
−$9.8K −$0.61/SF
EGI
$105.7K $6.59/SF
− OpEx
−$31.7K −$1.98/SF
NOI
$74.0K $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 Rate 5%
$1,479,120
Cap Rate 7%
$1,056,514
Cap Rate 9%
$821,733
Alternative Uses
Best Use
Office B
$2.84M
$2.49M – $3.31M
NOI $198,855 @ 7.0% cap · market cap 22.10%
Second Best
Retail
$2.16M
$1.89M – $2.52M
NOI $151,044 @ 7.0% cap · market cap 16.78%
Theoretical Best
Office A
$3.91M
$3.42M – $4.56M
NOI $273,794 @ 7.0% cap · market cap 30.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
424
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 16,037 sq ft mixed-use property with fenced lot.
Where is this mixed-use property located?
The property is located at 1713 Opelika Rd Phenix City, AL.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Excellent location near T1 line; 16,000 sq ft of **heated and cooled space**; Over 1 acre and fenced
