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    Property profile & analytics

    3235-3229 State St Caledonia, NY 14423

    • Retail properties
    • 3,908 SF
    • 0.96 lot acres
    For Sale
    View listing
    $310,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 3235-3229 State St

    Lot size
    0.96 lot acres
    Property size
    3,908 SF
    Property type
    Retail properties
    Property subtype
    Retail space

    Description

    This exceptional 1700-square-foot commercial property in Phenix City, Alabama, offers a single-tenant occupancy in a prime location. The building, zoned C, is ideally situated across from the Dillingham Street Bridge and steps away from the Riverwalk, ensuring high visibility and foot traffic from both locals and tourists. Its versatile space is suitable for a variety of uses, including medical offices, executive offices, retail, or other businesses. The property features a spacious layout allowing for efficient use and customization to meet specific business needs. Three parking spaces are available for convenience. The building's proximity to a thriving bike shop provides additional exposure and potential customer interaction. This is a unique opportunity to establish a business in a high-traffic, desirable area of Phenix City. The property is ready for immediate occupancy. The building itself is a single structure with no additional suites. The lot size is negligible.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Caledonia
    County
    Livingston
    State
    New York
    Longitude
    -77.8596
    Latitude
    42.9332

    Comparable in this City

    • Value Estimation
      $120,000
      11,800 SF

      3403 Caledonia Avon Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,800 SF
      3403 Caledonia Avon Rd, Caledonia, NY 14423-9757
      View Details
    • Value Estimation
      $315,000
      2,516 SF

      3110 Main St

      FINANCIAL BUILDING • 2,516 SF
      3110 Main St, Caledonia, NY 14423-1218
      View Details
    • Value Estimation
      $550,000
      19,216 SF

      3136 Main St

      GROCERY, SUPERMARKET • 19,216 SF
      3136 Main St, Caledonia, NY 14423-1218
      View Details
    • Value Estimation
      $255,000
      2,149 SF

      3155 State St

      FINANCIAL BUILDING • 2,149 SF
      3155 State St, Caledonia, NY 14423-1223
      View Details
    • Value Estimation by Request
      600 SF

      2886 Caledonia Leroy Rd

      VEHICLE SALES, RENTALS • 600 SF
      2886 Caledonia Leroy Rd, Caledonia, NY 14423-9561
      View Details
    • Value Estimation
      $235,000
      3,750 SF

      3018 Main St

      SERVICE STATION WITH FOOD MART • 3,750 SF
      3018 Main St, Caledonia, NY 14423-1240
      View Details

    Similar Nearby for Sale

    • $310,000
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      Phenix City Office Space for Lease

      Prime location, 1700 sq ft, 3 parking spaces
      3235-3229 State St, Caledonia, NY 14423
      View Details
    • $360,000
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      Retail Property in Caledonia, NY

      Two-unit retail property in Caledonia, NY, for sale.
      3235-3229 State St, Caledonia, NY 14423
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    • $429,900

      Two Caledonia Properties For Sale

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    • Contact for pricing
      130,713 SF

      Caledonia Manufacturing Facility on 17.6 Acres

      Manufacturing facility with multiple buildings, truck docks, and ample power.
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    • New
      $299,900
      Pending

      Spacious Home on Corner Lot

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    • Contact for pricing
      130,713 SF

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      Massive warehouse, 17.6 acres, ideal manufacturing.
      352 Center St, Caledonia, NY 14423
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    Similar Nearby for Lease

    • $1,400 /Mo

      Retail and Office Space Available

      Retail and office spaces for lease in Caledonia, NY.
      229 North St, Caledonia, NY 14423
      View Details
    • $10 SF/Yr
      1,200 SF

      Versatile Commercial Space in Caledonia

      Highly visible commercial space with build-to-suit options in Caledonia, NY.
      3168 State St, Caledonia, NY 14423
      View Details
    • $10 SF/Yr

      Versatile Commercial Space For Lease

      1,312 sq ft commercial space with build-to-suit options.
      3168 State St St, Caledonia, NY 14423
      View Details
    • $450 /Mo

      Versatile Commercial Space in Caledonia

      275 sq ft commercial space suitable for various uses.
      3105 Main St St, Caledonia, NY 14423
      View Details
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    3235-3229 State St
    Caledonia, NY 14423
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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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