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    and US 80 Massey Dr Phenix City, AL 36869

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    and US 80 Massey Dr Phenix City, AL 36869

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    • Commercial real estate
    • 27.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for and US 80 Massey Dr

    Lot size
    27.00 lot acres
    Property type
    Commercial real estate

    Description

    Exceptional investment opportunity: a 27-acre parcel in Phenix City, Alabama, located on Massey Drive and US Highway 80, is available for $1,100,000. This owner-user investment features approved plans for the development of 75 tiny homes situated on the rear portion of the property. The site boasts convenient access to major roadways, providing easy commutes to Columbus, Phenix City, Auburn, and Opelika. The property is partially graded and ready for immediate development, minimizing upfront costs and expediting the construction process. The substantial acreage also presents opportunities for future expansion of the tiny home community or the development of commercial ventures along the highly visible US Highway 80 frontage. Nearby amenities include a Walmart Neighborhood Market, Winn-Dixie, and various restaurants, enhancing the appeal and convenience for future residents. The property's APN is 57 04 05 15 0 011 011.000. This is a rare chance to acquire a fully permitted and partially prepared site for a thriving tiny home community in a rapidly growing area.

    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
    -85.1206
    Latitude
    32.4638

    Comparable in this City

    • Value Estimation by Request
      3.00 Acres

      Knowles E Rd

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    • Value Estimation by Request
      8,888 SF

      501 16th N Ave

      APARTMENT HOUSE (5+ UNITS) • 8,888 SF
      501 16th N Ave, Phenix City, AL 36869-6871
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    • Value Estimation by Request
      2,764 SF

      28th Ave

      APARTMENT HOUSE (5+ UNITS) • 2,764 SF
      28th Ave, Phenix City, AL 36869
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    • Value Estimation by Request
      10.00 Acres

      Knowles E Rd

      MOBILE HOME PARK, TRAILER PARK • 10.00 Acres
      Knowles E Rd, Phenix City, AL 36869
      View Details
    • Value Estimation by Request
      6,720 SF

      28th Ave

      APARTMENT HOUSE (5+ UNITS) • 6,720 SF
      28th Ave, Phenix City, AL 36869
      View Details
    • Value Estimation by Request
      576 SF

      Seale Rd

      APARTMENT HOUSE (5+ UNITS) • 576 SF
      Seale Rd, Phenix City, AL 36869
      View Details

    Similar Nearby for Sale

    • $3,200,000

      Tiny Home Development Opportunity

      20 tiny homes with expansion potential near Highway 80.
      Massey Dr, Phenix City, AL 36869
      View Details
    • $179,900

      Highway Frontage Commercial Land

      6.28 acres with high visibility on Highway 431S.
      3921 Us Highway 431, Phenix City, AL 36869
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    • $35,000
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      Spacious Lots in Quiet Community

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

      Prime Retail Land for Sale

      Retail land available in growing area near US 431.
      3482 Crosswinds Rd, Phenix City, AL 36869
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    • Contact for pricing

      Russell County Commercial Development Land

      12-acre commercial land at Highways 165 and 431 intersection.
      Al-165, Phenix City, AL 36869
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    • Contact for pricing
      0.75 Acres

      Wooded Lot in Phenix City

      0.7-acre wooded lot, ideal for building or investment.
      12Th Pl, Phenix City, AL 36869
      View Details
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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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