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    1603 20Th Ave Phenix City, AL 36867
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    Property profile & analytics

    1603 20Th Ave, Phenix City, AL 36867

    View on Map
    • Commercial real estate
    • 1,386 SF
    • 0.22 lot acres
    Off-Market
    Property ID
    US03-1706329
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1603 20Th Ave

    Lot size
    0.22 lot acres
    Property type
    Commercial real estate

    Description

    This all-brick duplex located at 1603 20th Avenue, Phenix City, Alabama, presents a compelling investment opportunity. Situated on a 0.22-acre lot, this multifamily property boasts a total square footage of 1,386 square feet. Currently configured as a two-unit apartment building, each unit is generating a monthly rental income of $650, with tenants responsible for all utilities and currently on month-to-month leases. The property features attractive hardwood floors throughout, adding to its appeal. Furthermore, the roof is only two years old, minimizing immediate maintenance concerns. The property's convenient location near Crawford Road and Highway 280 offers easy access to local amenities and transportation routes. The asking price for this income-producing property is $135,000. This represents a strong potential return on investment for savvy buyers seeking a stable and profitable addition to their portfolio. Serious inquiries are encouraged to schedule a viewing. Please do not disturb the tenants.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Phenix City
    County
    Russell
    State
    Alabama
    Longitude
    -85.0219249
    Latitude
    32.4756561

    Comparable in this City

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      Duplex with Long-Term Leases

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      Phenix City Quadplex Investment Opportunity

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      Phenix City Duplex Investment Opportunity

      Updated duplex in Phenix City with strong cash flow potential.
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    • $180,000
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      Income-Generating Duplex with Long-Term Leases

      Well-maintained duplex with stable income and portfolio expansion potential.
      803 21St St, Phenix City, AL 36867
      View Details

    Similar Nearby for Sale

    • $180,000
      0.23 Acres

      Phenix City Duplex Investment Opportunity

      Well-maintained duplex with stable income and rent upside potential.
      2200 13Th Ave, Phenix City, AL 36867
      View Details
    • $185,000
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      Phenix City Duplex: Investor Opportunity

      Well-maintained duplex with Section 8 income and rental upside.
      420 20Th Ave, Phenix City, AL 36867
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    • $350,000
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      Phenix City Quadplex Investment

      Quadplex with income potential in a strong rental market.
      2608 Kennon Ct, Phenix City, AL 36867
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    • $185,000
      1,648 SF

      Phenix City Duplex Investment Opportunity

      Duplex with Section 8 income and rental upside.
      420 20Th Ave, Phenix City, AL 36867
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    • New
      $249,900
      1,976 SF

      Renovated Two-Unit Duplex

      Move-in ready duplex with two bed, two bath units and fully updated heating and cooling systems.
      1501 18Th Ave, Phenix City, AL 36867
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      Phenix City Duplexes For Sale

      Three duplexes in Phenix City, Alabama, built in 2007-2008.
      2316 Summerville Rd, Phenix City, AL 36867
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2 SF

      Pad-Ready Retail Sites Available

      Highly visible retail sites in a strong, anchored center.
      5412 Summerville Rd, Phenix City, AL 36867
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      Phenix City Office Building

      Well-maintained office building with convenient access and ample parking.
      5009 River Chase Dr, 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
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      1 SF

      Pad-Ready Retail Sites Available

      Highly visible retail sites in a strong shopping destination.
      5412 Summerville Rd, Phenix City, AL 36867
      View Details
    • $1,100 /Mo
      14,810 SF

      Phenix City Office Unit Rental

      Office unit with three offices, lobby, and bathroom.
      3703 Summerville Rd, Phenix City, AL 36867
      View Details
    • Contact for pricing

      Established Retail Center on Highway 280

      Retail center with high visibility and easy access on Hwy 280.
      1101 East 280 Byp, 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.

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