Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5408 Summerville Hwy Phenix City, AL 36867
    Property profile & analytics

    5408 Summerville Hwy, Phenix City, AL 36867

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 5408 Summerville Hwy

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail opportunity presents two available storefronts in the thriving Phenix City, Alabama market. Located at 5408 Summerville Highway, this property boasts a prime infill location within a robust residential area. The site encompasses approximately 1.2 to 1.3 acres of land, providing ample space for potential expansion or outdoor amenities. The property is classified as a multi-tenant retail building, offering flexibility for various business types. The surrounding neighborhood demonstrates strong economic indicators, with average household incomes exceeding $82,000 within a one-mile radius. This translates to a high concentration of potential customers with significant spending power. The property's address is 5408 Summerville Highway, Phenix City, AL 36867, situated in Russell County. This location offers excellent visibility and accessibility, making it an ideal choice for businesses seeking high foot traffic and convenient access for customers. The total building square footage is not currently specified. Serious inquiries are encouraged to explore this promising investment opportunity further.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Phenix City
    County
    Russell
    State
    Alabama
    Longitude
    -85.0286
    Latitude
    32.5211

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      3424 Us-431

      Individual retail properties
      3424 Us-431, Phenix City, AL 36867
      View Details
    • Value Estimation by Request

      Chipotle

      Brand New 2024 Construction Featuring Chipotle’s Latest “Chipotlane” Prototype Design w/ Drive-Thru
      3535 US Hwy 280/431, Phenix City, AL 36867
      View Details
    • Value Estimation by Request
      14,418 SF

      2515 Crawford Rd

      Individual retail properties
      2515 Crawford Rd, Phenix City, AL 36867
      View Details
    • Value Estimation by Request
      1,344 SF

      1801 Crawford Rd

      RETAIL STORES (PERSONAL SERVICES)
      1801 Crawford Rd, Phenix City, AL 36867-4221
      View Details
    • Value Estimation by Request
      7,000 SF

      1201 14th St

      RETAIL STORES (PERSONAL SERVICES)
      1201 14th St, Phenix City, AL 36867-4971
      View Details
    • Value Estimation by Request
      1,334 SF

      1709 Hwy 280th Byp

      RETAIL STORES (PERSONAL SERVICES)
      1709 Hwy 280th Byp, Phenix City, AL 36867-5443
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,000 SF

      Phenix City Freestanding Building

      Freestanding building on 1.34 acres near US-280 Bypass.
      1713 E 280 Byp, Phenix City, AL 36867
      View Details
    • $45,000
      1,760 SF

      Phenix City Commercial Corner Lot

      Commercial corner lot with potential in downtown Phenix City.
      1321 S Railroad St, Phenix City, AL 36867
      View Details
    • $150,000
      2,004 SF

      Phenix City Commercial Opportunity

      Corner lot in the heart of Phenix City, Alabama.
      812 14Th St, Phenix City, AL 36867
      View Details
    • Contact for pricing
      16,037 SF

      Spacious Mixed-Use Property For Sale

      16,037 sq ft mixed-use property with fenced lot.
      1713 Opelika Rd, Phenix City, AL 36867
      View Details
    • $214,900
      2.08 Acres

      Turn-Key Restaurant and Bar

      For sale as-is on 2.08 acres, marketed as the area’s gathering spot for full-service dining.
      12 Cottonton Rd, Pittsview, AL 36867
      View Details

    Similar Nearby for Lease

    • $700 /Mo
      7,405 SF

      Phenix City Commercial Space Available

      Commercial space suitable for retail or fast food.
      1803 4Th Ave, Phenix City, AL 36867
      View Details
    • Contact for pricing

      Established Retail Center on Highway 280

      Retail center with high visibility and easy access on Hwy 280.
      1101 East 280 Byp, Phenix City, AL 36867
      View Details
    • Contact for pricing

      Retail Center in Phenix City

      Well-located retail center with high visibility and easy access.
      1101 East 280 Byp, Phenix City, AL 36867
      View Details
    • $10 SF/Yr

      Prime Retail Space on U.S. 280

      High-visibility retail space on U.S. 280, Phenix City, AL.
      1417 S 280 Byp, Phenix City, AL 36867
      View Details
    • Contact for pricing
      2 SF

      Pad-Ready Retail Sites Available

      Highly visible retail sites in a strong, anchored center.
      5412 Summerville Rd, Phenix City, AL 36867
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5408 Summerville Hwy
    Phenix City, AL 36867
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    5408 Summerville Hwy, Phenix City, AL, 36867
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!