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    Property profile & analytics

    701 4th Pl Phenix City, AL 36869-6913

    • Office Properties & Spaces
    • 2,664 SF
    • 0.94 lot acres
    OFF-MARKET
    Value Estimations
    $270,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1756662
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mary A. Hudson, CCC-SLP / Speech Pathologist
    • Phenix Speech and Language Services, Inc. / Speech Pathologist

    Property Details for 701 4th Pl

    Year built
    1984
    Construction
    WOOD
    Lot size
    0.94 lot acres
    Property size
    2,664 SF
    Zone code
    O
    Property type
    Office Properties & Spaces
    APN
    05 06 23 02 006 001.001
    APU
    5062302006001001

    Description

    This exceptional commercial property, located at 701 4th Place in Phenix City, Alabama, presents a unique investment opportunity. The 0.94-acre lot houses a single building constructed in 1984, offering versatile space ideal for a variety of professional uses. Its prime location provides quick access to downtown Columbus and Phenix City, the expressway, Fort Moore, Columbus State University's downtown campus, hotels, restaurants, and public transportation. The property benefits from its proximity to Highway 280 and the Colin Powell Expressway, ensuring excellent visibility and accessibility. The interior boasts recently updated features, including fresh paint (2022), luxury vinyl plank flooring (2019), a new HVAC system (2021), and updated plumbing. A new architectural roof was installed in the spring of 2023, enhancing the building's longevity and efficiency. The adaptable layout allows for customization, with several interior walls easily reconfigured to suit the new owner's specific needs, making it perfect for medical practices (doctors', dentists', physical therapists', etc.), insurance agencies, or general office space. The asking price for this well-maintained and strategically located property is $350,000. The property is zoned for office and retail use.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $401,000
      Market price range: $112k - $553k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Phenix City
    County
    Russell
    State
    Alabama
    Longitude
    -85.0036
    Latitude
    32.452
    CBSA code
    17980
    CBSA name
    COLUMBUS, GA-AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,602
    $8,488
    $35,605
    $44,093
    -
    $42,438
    $178,025
    $220,463

    Comparable in this City

    • Value Estimation
      $255,000
      1,617 SF

      422 Seale Rd

      OFFICE (GENERAL) • 1,617 SF
      422 Seale Rd, Phenix City, AL 36869-7360
      View Details
    • Value Estimation
      $235,000
      1,380 SF

      1500 5th S St

      OFFICE (GENERAL) • 1,380 SF
      1500 5th S St, Phenix City, AL 36869-7212
      View Details
    • Value Estimation
      $290,000
      1,764 SF

      Brickyard Rd Es

      OFFICE (GENERAL) • 1,764 SF
      Brickyard Rd Es, Phenix City, AL 36869
      View Details
    • Value Estimation
      $250,000
      3,223 SF

      3517 Retail Dr

      OFFICE (GENERAL) • 3,223 SF
      3517 Retail Dr, Phenix City, AL 36869-4101
      View Details
    • Value Estimation
      $235,000
      1,010 SF

      Seale Rd Ws

      OFFICE (GENERAL) • 1,010 SF
      Seale Rd Ws, Phenix City, AL 36869
      View Details
    • Value Estimation
      $225,000
      800 SF

      439 Seale Rd

      OFFICE (GENERAL) • 800 SF
      439 Seale Rd, Phenix City, AL 36869-7376
      View Details

    Similar Nearby for Sale

    • $750,000
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      Phenix City Office Building Investment

      Fully Leased, Stable Income Stream
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      View Details
    • $275,900
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      High-Traffic Commercial Land

      6.28 Acres, Hwy 431 Frontage
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    • $40,000
      0.23 Acres

      Residential Lot in Ridgebrook Subdivision

      Building lot with city services, near schools and amenities.
      3 Rusty Dr, Phenix City, AL 36869
      View Details
    • $35,000
      3.19 Acres

      Spacious Lots in Quiet Community

      Bundle of four lots totaling over 3 acres near town.
      Kathleen Cir, Phenix City, AL 36869
      View Details
    • Contact for pricing

      Cleared Lot Near Seale Road

      Cleared lot with easy access to amenities.
      S 11Th Ave, Phenix City, AL 36869
      View Details
    • $165,000
      2,128 SF

      Refreshed Home on Spacious Lot

      Move-in ready 5-bedroom home with modern updates on 0.58 acres.
      4 Palmetto Ct, Phenix City, AL 36869
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      129,798 SF

      Phenix Center II Warehouse Space

      Columbus, GA Warehouse: 129,798 SF Available
      903 Fontaine Rd, Phenix City, AL 36869
      View Details
    • Contact for pricing
      5,305 SF

      Phenix City Warehouse - For Lease

      Large Industrial Warehouse, 5,305 sqft
      1701 Industrial Dr, Phenix City, AL 36869
      View Details
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    Phenix City, AL 36869-6913
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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