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    For Sale (14)

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    44 Acres Wooded Land Hamilton
    $450,000
    44.00 Acres

    44 Acres Wooded Land Hamilton

    44 acres of wooded land with road frontage and utilities.

    44 Acres Tall Oak Trl, Hamilton, AL 35570
    View details
    Renovated Fourplex in Hamilton, Alabama
    $290,000
    3,000 SF

    Renovated Fourplex in Hamilton, Alabama

    Fully renovated fourplex with tenants in place for immediate income.

    415 2Nd Ave SE, Hamilton, AL 35570
    View details
    220 Acres Timber & Hunting
    $572,000
    220.00 Acres

    220 Acres Timber & Hunting

    220 acres of timber and hunting land in Hamilton, AL.

    220 Acres On Reese Rd, Hamilton, AL 35570
    View details
    3.3 Acres Wooded Land
    Contact for pricing
    3.30 Acres

    3.3 Acres Wooded Land

    3.3-acre wooded tract ideal for building a dream home.

    3.3 Acres Willow St, Hamilton, AL 35570
    View details
    Hamilton, AL Land For Sale
    Contact for pricing
    2.30 Acres

    Hamilton, AL Land For Sale

    2.3 acres of wooded land near Hamilton, Alabama.

    2.3 Acres County Hwy 29, Hamilton, AL 35570
    View details
    Hamilton Office Space For Sale
    $70,000
    1,100 SF

    Hamilton Office Space For Sale

    Well-maintained office space in a high-traffic area of Hamilton.

    281 Military St S, Hamilton, AL 35570
    View details
    Land Near Interstate I-22
    $416,000
    3.20 Acres

    Land Near Interstate I-22

    3.2 acres of land near Loves Truck Stop.

    3.2 Acres Hwy 35, Hamilton, AL 35570
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    Hamilton, AL Commercial Property
    $220,000
    4,000 SF

    Hamilton, AL Commercial Property

    Commercial property in Hamilton, Alabama, featuring 4,000 square feet.

    26210 Us Highway 43, Hamilton, AL 35570
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    Commercial Land Near Interstate I-22
    Contact for pricing

    Commercial Land Near Interstate I-22

    Commercial land for sale, located off I-22 at Exit 14.

    Hwy 35, Hamilton, AL 35570
    View details
    Remodeled Fourplex: Turnkey Income Property
    $297,000

    Remodeled Fourplex: Turnkey Income Property

    Fully remodeled four-unit property with modern amenities, ready for investors.

    145 Dutch Ave, Hamilton, AL 35570
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    Fully Rented Renovated Quadplex
    $300,000
    3,000 SF

    Fully Rented Renovated Quadplex

    Four updated units, fully rented, with modern amenities.

    415 2Nd Ave SE, Hamilton, AL 35570
    View details
    Commercial Building on Hwy 43
    $220,000
    4,000 SF

    Commercial Building on Hwy 43

    4,000 SF commercial building on 3.84 acres.

    26210 Us Highway 43, Hamilton, AL 35570
    View details
    Renovated Four-Plex Investor Opportunity
    $290,000

    Renovated Four-Plex Investor Opportunity

    Fully renovated four-unit property with tenants in place.

    415 2Nd Ave SE, Hamilton, AL 35570
    View details
    Hamilton Office Space For Sale
    $70,000

    Hamilton Office Space For Sale

    Well-maintained office space in high-traffic Hamilton location.

    281 Military St S, Hamilton, AL 35570
    View details

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    Sherry Pruitt Real Estate
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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
    Sherry Pruitt Real Estate
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