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    Property profile & analytics

    510 Brickyard Rd Phenix City, AL 36869-3610

    • Warehouses
    • 152,430 SF
    • 16.00 lot acres
    OFF-MARKET
    Value Estimations
    $1,195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1814790
    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

    • Warehouses

    Property Details for 510 Brickyard Rd

    Year built
    1991
    Construction
    TILT-UP CONCRETE
    Lot size
    16.00 lot acres
    Property size
    152,430 SF
    Zone code
    O
    Property type
    Warehouses
    APN
    05 07 26 04 001 001.000
    APU
    5072604001001000

    Description

    This exceptional 150,420-square-foot industrial property in Phenix City, Alabama, presents a significant opportunity for businesses seeking warehouse, distribution, or flex space. Located at 510 Brickyard Road, this single-tenant building sits on a substantial 21.8-acre lot, offering ample room for expansion. Constructed in 1991 and renovated in 2021, the property boasts a Class B rating and features a highly functional cross-dock configuration. The building includes 13 dock-high doors and 2 drive-in doors, facilitating efficient loading and unloading. Inside, the warehouse offers a 23' to 26' ceiling height, 29' x 57' column spacing, and approximately 4,400 square feet of office, training rooms, and a canteen. The property benefits from heavy 3-phase power, a new roof (2021), and a 100% sprinkler system. On-site parking accommodates approximately 121 vehicles. The M-2 zoning allows for a variety of industrial uses. Its strategic location provides easy access to major transportation arteries, including proximity to Atlanta (110 miles), LaGrange, GA (46 miles), and I-85 (40 miles). This well-maintained facility is ready for immediate occupancy. The APN is 05-07-26-4-001-000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Estimation
      $1,175,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,405,000
      6.5%
      $1,365,000
      7%
      $1,285,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,615,000
      Geo Method
      $1,620,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,345,000
      Retail
      $1,255,000
      Mixed-Use
      $1,350,000
      Hospitality
      $1,560,000
      Educational
      $1,205,000
      Residential Income
      $1,160,000
      Energy
      $1,520,000
      Income-Based Land
      $1,520,000
      Food Service
      $1,535,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Phenix City
    County
    Russell
    State
    Alabama
    Longitude
    -84.9904
    Latitude
    32.4353
    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
    $40,088
    $15,792
    $663,662
    $679,454
    -
    $78,958
    $3,318,310
    $3,397,268

    Comparable in this City

    • Value Estimation by Request
      97,172 SF

      311 State Docks Rd

      Distribution properties • 97,172 SF
      311 State Docks Rd, Phenix City, AL 36869
      View Details
    • Value Estimation
      $895,000
      35,730 SF

      20 Downing Dr

      WAREHOUSE, STORAGE • 35,730 SF
      20 Downing Dr, Phenix City, AL 36869-3341
      View Details
    • Value Estimation
      $480,000
      10,500 SF

      State Docks Rd

      WAREHOUSE, STORAGE • 10,500 SF
      State Docks Rd, Phenix City, AL 36869
      View Details
    • Value Estimation by Request
      90,090 SF

      25 Downing Dr

      WAREHOUSE, STORAGE • 90,090 SF
      25 Downing Dr, Phenix City, AL 36869-3342
      View Details
    • Value Estimation
      $2,375,000
      221,258 SF

      Fontaine NE Rd

      WAREHOUSE, STORAGE • 221,258 SF
      Fontaine NE Rd, Phenix City, AL 36869
      View Details
    • Value Estimation
      $220,000
      6,800 SF

      15 Sanders Rd

      WAREHOUSE, STORAGE • 6,800 SF
      15 Sanders Rd, Phenix City, AL 36869-2923
      View Details

    Similar Nearby for Sale

    • $1,175,000
      42,200 SF

      Phenix City Industrial Flex Space

      42,200 SF Flex Warehouse, $1.175M
      3406 Sandfort Rd, Phenix City, AL 36869
      View Details
    • Contact for pricing
      89,254 SF

      Refrigerated Food Processing Facility

      Turnkey 89,254 SF food processing plant in Phenix City, Alabama.
      6 Downing Dr, Phenix City, AL 36869
      View Details
    • $199,500
      6.28 Acres

      Hwy 431 S Commercial Land

      6.28 Acres, High-Traffic Location
      3921 Us Highway 431, Phenix City, AL 36869
      View Details
    • $275,900
      6.28 Acres

      High-Traffic Commercial Land

      6.28 Acres, Hwy 431 Frontage
      3921 Us Highway 431, 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
    • $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

    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 36869-3610
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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.

    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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