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

    3015 Lakewood Dr Phenix City, AL 36867-2429

    • Manufacturing properties
    • 15,200 SF
    • 1.36 lot acres
    OFF-MARKET
    Value Estimations
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1139043
    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

    • Lakewood U-Haul and Storage / Storage Facility
    • U-Haul Neighborhood Dealer / Car Rental Facility

    Property Details for 3015 Lakewood Dr

    Year built
    1967
    Lot size
    1.36 lot acres
    Property size
    15,200 SF
    Zone code
    O
    Property type
    Manufacturing properties
    APN
    05 02 04 03 005 001.000
    APU
    5020403005001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $345,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $685,000
      Market price range: $327k - $1.53M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $855,000
      Current use
      RETAIL STORES
      $845,000
      Change: -1% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $795,000
      Change: -7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Phenix City
    County
    Russell
    State
    Alabama
    Longitude
    -85.0362
    Latitude
    32.4938
    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
    $5,426
    $13,122
    $78,846
    $91,968
    -
    $65,611
    $394,231
    $459,842

    Comparable in this City

    • Value Estimation by Request
      2,807 SF

      1029 Railroad St

      MANUFACTURING (LIGHT) • 2,807 SF
      1029 Railroad St, Phenix City, AL 36867-6220
      View Details
    • Value Estimation by Request
      3,744 SF

      1702 Opelika Rd

      MANUFACTURING (LIGHT) • 3,744 SF
      1702 Opelika Rd, Phenix City, AL 36867-3636
      View Details
    • Value Estimation by Request
      1,500 SF

      12th St

      MANUFACTURING (LIGHT) • 1,500 SF
      12th St, Phenix City, AL 36867
      View Details
    • Value Estimation by Request
      2,520 SF

      1019 Railroad St

      MANUFACTURING (LIGHT) • 2,520 SF
      1019 Railroad St, Phenix City, AL 36867-6220
      View Details
    • Value Estimation by Request
      18,000 SF

      9th Ave

      MANUFACTURING (LIGHT) • 18,000 SF
      9th Ave, Phenix City, AL 36867
      View Details
    • Value Estimation by Request
      9,162 SF

      921 14th St

      MANUFACTURING (LIGHT) • 9,162 SF
      921 14th St, Phenix City, AL 36867-5050
      View Details

    Similar Nearby for Sale

    • $1,000,000
      16,037 SF

      Phenix City Mixed-Use Investment

      16,037 SF, 1.35-acre lot, high ROI.
      1713 Opelika Rd, Phenix City, AL 36867
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    • $1,375,000
      17,500 SF

      Phenix City Retail & Storage Complex

      17,500 SF Retail/Storage, High Traffic Area
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    • $1,375,000
      17,500 SF

      Phenix City Retail Flex Space

      17,500 SF retail center or self-storage opportunity in Phenix City.
      1921 Crawford Rd, Phenix City, AL 36867
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    • $99,900
      0.72 Acres

      Prime Commercial Lot Ready to Build

      0.72-acre commercial lot with high visibility in Phenix City, AL.
      Crawford Rd, Phenix City, AL 36867
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    • $200,000
      0.72 Acres

      Waterfront Lot in Gated Subdivision

      Deeded lot in St. Andrews Subdivision with access to Lake Oliver.
      2 St Andrews Way, Phenix City, AL 36867
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    • $33,000
      0.35 Acres

      Residential Land in Phenix City

      0.35-acre treed parcel near downtown Columbus and Chattahoochee Riverwalk.
      917 7Th Ave, Phenix City, AL 36867
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      122,139 SF

      Phenix City Retail Center Investment

      High-traffic retail space, 10 acres.
      1417 Us Highway 280, Phenix City, AL 36867
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    • $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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    • $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
    • $22 SF/Yr
      35,267 SF

      Phenix City Medical Office Building

      Class A medical office space available.
      1810 Stadium Dr, Phenix City, AL 36867
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    • $800 /Mo
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      Phenix City Retail Space

      Commercial space suitable for retail or fast food.
      1803 4Th Ave, 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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    3015 Lakewood Dr
    Phenix City, AL 36867-2429
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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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