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

    15 Sanders Rd Phenix City, AL 36869-2923

    • Warehouses
    • 6,800 SF
    • 79.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1730988
    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

    • Davis Concrete Products Inc / Plumber / Septic System Service

    Property Details for 15 Sanders Rd

    Year built
    2020
    Lot size
    79.00 lot acres
    Property size
    6,800 SF
    Zone code
    O
    Property type
    Warehouses
    APN
    04 09 29 00 000 002.000
    APU
    4092900000002000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Phenix City
    County
    Russell
    State
    Alabama
    Longitude
    -85.1457
    Latitude
    32.439
    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
    $3,383
    $41,721
    $77,484
    $119,205
    -
    $208,603
    $387,420
    $596,023

    Comparable in this City

    • Value Estimation by Request
      97,172 SF

      311 State Docks Rd

      Distribution properties • 97,172 SF
      311 State Docks Rd, Phenix City, AL 36869
      View Details
    • Value Estimation
      $2,720,000
      90,090 SF

      25 Downing Dr

      WAREHOUSE, STORAGE • 90,090 SF
      25 Downing Dr, Phenix City, AL 36869-3342
      View Details
    • Value Estimation
      $5,955,000
      221,258 SF

      Fontaine NE Rd

      WAREHOUSE, STORAGE • 221,258 SF
      Fontaine NE Rd, Phenix City, AL 36869
      View Details
    • Value Estimation
      $1,585,000
      35,730 SF

      20 Downing Dr

      WAREHOUSE, STORAGE • 35,730 SF
      20 Downing Dr, Phenix City, AL 36869-3341
      View Details
    • Value Estimation by Request
      10,500 SF

      State Docks Rd

      WAREHOUSE, STORAGE • 10,500 SF
      State Docks Rd, Phenix City, AL 36869
      View Details
    • Value Estimation
      $650,000
      10,800 SF

      State Dock Rd

      WAREHOUSE, STORAGE • 10,800 SF
      State Dock Rd, Phenix City, AL 36869
      View Details

    Similar Nearby for Sale

    • $1,175,000
      42,200 SF

      Phenix City Industrial Flex Space

      42,200 SF Flex Warehouse, $1.175M
      3406 Sandfort Rd, Phenix City, AL 36869
      View Details
    • Contact for pricing
      89,254 SF

      Refrigerated Food Processing Facility

      Turnkey 89,254 SF food processing plant in Phenix City, Alabama.
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      View Details
    • $199,500
      6.28 Acres

      Hwy 431 S Commercial Land

      6.28 Acres, High-Traffic Location
      3921 Us Highway 431, Phenix City, AL 36869
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    • $850,000
      8.00 Acres

      Crosswinds Rd Commercial Land

      Phenix City, AL retail investment opportunity
      3482 Crosswinds Rd, Phenix City, AL 36869
      View Details
    • $1,000,000
      12.00 Acres

      12-Acre Commercial Land, Phenix City, AL

      High-traffic corner lot, prime development.
      0 Al-165, Phenix City, AL 36869
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    • $169,900
      6.28 Acres

      Phenix City Highway Frontage Land

      6.28 acres with highway frontage in fast-growing Russell County.
      3921 Hwy S, Phenix City, AL 36869
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr
      129,798 SF

      Phenix Center II Warehouse Space

      Columbus, GA Warehouse: 129,798 SF Available
      903 Fontaine Rd, Phenix City, AL 36869
      View Details
    • Contact for pricing
      5,305 SF

      Phenix City Warehouse - For Lease

      Large Industrial Warehouse, 5,305 sqft
      1701 Industrial Dr, Phenix City, AL 36869
      View Details
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    15 Sanders Rd
    Phenix City, AL 36869-2923
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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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