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    1615 21St Ct Phenix City, AL 36867

    • Medical offices
    • 2,400 SF
    • 0.18 lot acres
    For Sale
    View listing
    $285,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1756093
    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

    • Piedmont Physicians at 21st Court / Medical Clinic
    • Adrienne Nicole Crow / Obstetrician-Gynecologist
    • Jemese Richards-Boyd / Family Practice Physician / Health Care Facility

    Property Details for 1615 21St Ct

    Year built
    1988
    Construction
    CONCRETE BLOCKS
    Lot size
    0.18 lot acres
    Property size
    2,400 SF
    Zone code
    O
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    05 02 10 03 303 025.000
    APU
    5021003303025000

    Description

    This exceptional 2,400-square-foot freestanding building in Phenix City, Alabama, presents a compelling investment opportunity. Priced at $285,000 ($118.75/SF), this single-story, Class C office building, constructed in 1988, sits on a 0.19-acre lot (APN: 05 02 10 03 303 025.000). Ideally suited for medical or traditional office use, the property boasts ample parking for staff and visitors, ensuring convenient access for clients and patients. The interior layout includes multiple exam rooms, a lab room, a private office with its own bathroom, a reception area with a waiting room/lobby, public restrooms, a staff lounge, and additional storage. Its prime location offers easy access to major roadways like Crawford Road, US-80, and US Highway 280, enhancing its appeal. Nearby amenities include CVS and Walgreens pharmacies, a Dialysis Clinic, and Liberty Hill Apartments, further adding to its convenience and desirability. This property represents a rare chance to acquire a well-maintained, versatile office space in a thriving location. The building's adaptable design and convenient location make it an attractive option for a variety of businesses. This is a turnkey opportunity for an owner-user or investor seeking a strong return on investment in a high-demand area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Phenix City
    County
    Russell
    State
    Alabama
    Longitude
    -85.0238
    Latitude
    32.4765
    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
    $1,781
    $770
    $29,417
    $30,187
    -
    $3,848
    $147,087
    $150,935

    Comparable in this City

    • Value Estimation
      $310,000
      6,699 SF

      1611 21st Ct

      MEDICAL BUILDING • 6,699 SF
      1611 21st Ct, Phenix City, AL 36867-3734
      View Details
    • Value Estimation
      $305,000
      13,248 SF

      Phenix City, AL 36867

      MEDICAL BUILDING • 13,248 SF
      Phenix City, AL 36867
      View Details
    • Value Estimation
      $290,000
      13,894 SF

      Rr St

      MEDICAL BUILDING • 13,894 SF
      Rr St, Phenix City, AL 36867
      View Details
    • Value Estimation
      $270,000
      2,027 SF

      2313 Crawford Rd

      MEDICAL BUILDING • 2,027 SF
      2313 Crawford Rd, Phenix City, AL 36867-3600
      View Details
    • Value Estimation
      $275,000
      2,128 SF

      3900 13th Ave

      MEDICAL BUILDING • 2,128 SF
      3900 13th Ave, Phenix City, AL 36867-2202
      View Details
    • Value Estimation
      $235,000
      6,600 SF

      Sportsman Dr

      MEDICAL BUILDING • 6,600 SF
      Sportsman Dr, Phenix City, AL 36867
      View Details

    Similar Nearby for Sale

    • $1,200,000
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      Phenix City Office Building

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    • $285,000
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      Phenix City Office Building

      2,400 SF Medical/Office Space
      1615 21St Ct, Phenix City, AL 36867
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    • $1,200,000
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      Phenix City Office/Medical Building

      2400 SF building suitable for office or medical use.
      1615 21St Ct, Phenix City, AL 36867
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    • $180,000
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      Move-in Ready Commercial Building

      Versatile commercial building suited for office or professional use.
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    • $675,000
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      Phenix City Commercial Office Building

      Commercial building with office space and road frontage, visible from highway.
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    Similar Nearby for Lease

    • $22 SF/Yr
      35,267 SF

      Phenix City Medical Office Building

      Class A medical office space available.
      1810 Stadium Dr, Phenix City, AL 36867
      View Details
    • $8 SF/Yr
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      Phenix City Medical Office Space

      Prime medical & retail space available. High visibility, excellent location.
      1101 280 Byp, Phenix City, AL 36867
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    • $32,400
      13,042 SF

      Phenix City Office Space for Lease

      Prime Phenix City location, flexible suites available.
      910 13Th St, Phenix City, AL 36867
      View Details
    • $13 SF/Yr
      4,491 SF

      Phenix City Office Suites

      Two office spaces available in Alabama.
      806 13Th St, Phenix City, AL 36867
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    • $1,800 /Mo
      14,810 SF

      Phenix City Office Unit Rental

      Office unit with multiple rooms and shared parking available.
      3703 Summerville Rd, Phenix City, AL 36867
      View Details
    • $1,800 /Mo
      576 SF

      Phenix City Office Space Available

      Office unit for rent featuring multiple offices and amenities.
      3703 Summerville Rd, Phenix City, AL 36867
      View Details
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    Phenix City, AL 36867
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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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