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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1323 Broad Street Ext Phenix City, AL 36867

    • Commercial real estate
    • 0.29 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1580917
    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

    • Commercial real estate

    Property Details for 1323 Broad Street Ext

    Year built
    1920
    Lot size
    0.29 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1920s executive office building at 1323 Broad Street, Phenix City, Alabama, is offered at $145,000. Ideally situated directly across from the Phenix City courthouse, this property presents a unique opportunity for legal professionals or any business seeking convenient downtown access. The 0.29-acre lot includes a main building featuring five private offices, a functional kitchen area, and a restroom. Ample parking is provided with four spaces in front and four additional spaces at the rear of the building. An added benefit is a separate outbuilding, perfect for storage or additional workspace. The property's central location in Russell County, Alabama, zip code 36867, offers easy access to both Phenix City and Columbus, Georgia. This well-maintained building provides a blend of historical charm and modern functionality, making it an attractive investment for a variety of professional uses. The property's convenient location and ample parking make it a highly desirable option for businesses seeking a prominent presence in the heart of Phenix City. The building's layout is well-suited for a variety of professional office configurations.

    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 - AL
    State
    Alabama
    Longitude
    -85.0010865
    Latitude
    32.4723074

    Comparable in this City

    • Contact for pricing
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    • $1,200,000
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      Freestanding Medical Office Building

      13,248 SF medical office building with ample parking.
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    • $1,000,000
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      Phenix City Mixed-Use Investment

      16,037 SF, 1.35-acre lot, high ROI.
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    • $185,000
      1.14 Acres

      Phenix City Land For Sale

      1.14 acre lot in high-traffic area near college campuses.
      Retail Dr, Phenix City, AL 36867
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    • Contact for pricing
      3,250 SF

      Renovated Office Space Available

      Move-in ready office with conference rooms and ample parking.
      3701 18Th Ave, Phenix City, AL 36867
      View Details
    • $1,200,000
      13,248 SF

      Phenix City Office Building

      13,248 SF, Multi-Tenant Office
      1610 Opelika Rd, Phenix City, AL 36867
      View Details

    Similar Nearby for Sale

    • $325,000
      1,542 SF

      Phenix City Freestanding Office Building

      Freestanding office building with five private offices in Phenix City.
      608 17Th St, Phenix City, AL 36867
      View Details
    • Contact for pricing
      35,267 SF

      Class A Medical Office Building

      Medical office building with conference and break rooms for tenants.
      1810 Stadium Dr, Phenix City, AL 36867
      View Details
    • $1,200,000
      13,248 SF

      Freestanding Medical Office Building

      13,248 SF medical office building with ample parking.
      1610 Opelika Rd, Phenix City, AL 36867
      View Details
    • $1,200,000
      13,248 SF

      Phenix City Office Building

      13,248 SF, Multi-Tenant Office
      1610 Opelika Rd, Phenix City, AL 36867
      View Details
    • $390,000
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      Phenix City Commercial Building

      1,217 SF building ideal for retail or office use.
      1709 S 280 Byp, Phenix City, AL 36867
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    • $140,000
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      Phenix City Office Building

      Office building in Phenix City with excellent visibility.
      1214 14Th St, Phenix City, AL 36867
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    Similar Nearby for Lease

    • $13 SF/Yr
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      Phenix City Office Suites

      Office suites available in thriving Phenix City location.
      806 13Th St, Phenix City, AL 36867
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    • $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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    • $3,650 /Mo
      5,227 SF

      Renovated Office Space Available

      Move-in ready office space with modern amenities and ample parking.
      3701 18Th Ave, Phenix City, AL 36867
      View Details
    • $1,800 /Mo

      Versatile Commercial Rental Space

      Adaptable commercial space in central Phenix City location.
      1313 9Th Ave, Phenix City, AL 36867
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    • $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
    • $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
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    1323 Broad Street Ext
    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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