Spacious Mixed-Use Property For
For Sale
Contact for pricing
Pending
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
Days on Market727
Property Features for 1713 Opelika Rd
General Information
Standard status
Pending
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: Aug 8
Last Checked: Jul 24 at 4:27PM
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 = 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
$73,956
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
8.22%
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%
$1,479,120
$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
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
$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 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%
$1,479,120
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
Property Profile
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
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
