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    6 Pierce Rd Phenix City, AL 36867
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    Property profile & analytics

    6 Pierce Rd, Phenix City, AL 36867

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    • Commercial real estate
    • 0.59 lot acres
    Off-Market
    Property ID
    US03-1170628
    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 6 Pierce Rd

    Year built
    2019
    Lot size
    0.59 lot acres
    Property type
    Commercial real estate

    Description

    This 0.59-acre lot, located at 6 Pierce Road in Phenix City, Alabama, presents a unique opportunity for commercial development. Built in 2019, this special-purpose property boasts excellent visibility and accessibility, situated directly on US Highway 280/431 and Pierce Road, which recently underwent repaving to connect to the highway. The property's prime location in northern Russell County, near the Lee County line, places it within a rapidly expanding area experiencing significant growth and development. Its proximity to major retailers like Home Depot further enhances its appeal. The site is ideally suited for a diverse range of commercial uses, including but not limited to office spaces (insurance, legal, accounting, medical), restaurants (fast food and casual dining), and retail establishments (auto parts, drugstores). The property's strategic location and high traffic count make it an attractive investment for businesses seeking high visibility and convenient access for customers. The asking price is $395,000.

    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 - AL
    State
    Alabama
    Longitude
    -85.0534444
    Latitude
    32.5080987

    Comparable in this City

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      Phenix City Commercial Property

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      Freestanding Building with Medical Offices

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      Phenix City Land Parcel

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      Preswick Dr Rd, Phenix City, AL 36867
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      Phenix City Retail/Flex Property

      17,500 SF retail/flex property in Phenix City, Alabama.
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      0.48 Acres

      Residential Land in Phenix City

      Corner lot ready for construction in established neighborhood.
      S 13Th St, Phenix City, AL 36867
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    Similar Nearby for Sale

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      6,000 SF

      Phenix City Freestanding Building

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      11,564 SF

      Phenix City Commercial Property

      Commercial property available for sale in Phenix City, Alabama.
      3615 S Railroad St, Phenix City, AL 36867
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    • $1,200,000

      Freestanding Building with Medical Offices

      13,248 SF building with medical offices and storage.
      1610 Opelika Rd, Phenix City, AL 36867
      View Details
    • $2,500,000
      119.60 Acres

      Phenix City Land Parcel

      119.6 acres of land near St. Andrews Subdivision.
      Preswick Dr Rd, Phenix City, AL 36867
      View Details
    • $999,000

      Phenix City Retail/Flex Property

      17,500 SF retail/flex property in Phenix City, Alabama.
      1921 Crawford Rd, Phenix City, AL 36867
      View Details
    • Contact for pricing
      0.48 Acres

      Residential Land in Phenix City

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      S 13Th St, Phenix City, AL 36867
      View Details

    Similar Nearby for Lease

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      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.
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      Renovated Office Space Available

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      1 SF

      Pad-Ready Retail Sites Available

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      5412 Summerville Rd, Phenix City, AL 36867
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    • $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
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    6 Pierce Rd
    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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