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    Historic Building on Talladega Square Title is generated by Realmo AI

    102 COURT SQUARE, Talladega, AL 35160

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    Claim this Listing
    For Sale
    Under Contract
    $59,900

    Retail - TALLADEGA, AL

    Type:Retail
    Lot size:
    0.70 Acres
    Added:
    Feb 5, 2026
    Days on Market:
    117
    Last Refresh:
    Jun 2 at 4:06 pm

    Property Features for 102 COURT SQUARE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Retail
    Zoning
    Commercial
    Parking features
    On Street
    Standard status
    Active Under Contract
    Lot size
    0.70 Acres

    Utilities

    Heating system
    Electric (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1900
    Floors in Building
    2
    Flooring type
    Tile, Vinyl, Wood
    Building materials
    Brick, Frame
    Architectural style
    Other

    We can help!

    Listing Contact
    Heather Roberts

    Listing agent Heather Roberts

    Listing office AlaHomes Realty 112 Court Square, South, Talladega, AL

    Listing date Feb 5, 2026

    MLS# 21443150 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Historic building (circa 1900) located on the historic square in downtown Talladega.
    • Versatile three‑level layout: basement, main level, and upper level suitable for various business or residential uses.
    • Upper level configured as an apartment with open floor plan, kitchen, living/dining area, large full bath with soaking tub, bedroom with walk‑in closet, and unfinished studded area.
    • Main level features two large areas, public bathroom, storage area, and private half bathroom.
    • Includes attic with rooftop access.
    • Construction: Brick and Frame with Tile, Vinyl, and Wood flooring.

    Overview

    This historic building, constructed in the late 1800s, is located on the historic square in downtown Talladega. Originally a general store, it has served as a furniture store, gift shop, and antique store over the years. The building offers potential for various uses, featuring a basement, main level, and upper level. The main level includes two large areas, a public bathroom, a storage area, and a private half bathroom. The upper level has an open floor plan with a kitchen area, dining and living room area, a large full bath with a soaking tub, a bedroom with a walk-in closet, and a large unfinished area that has been studded for additional rooms. An attic with rooftop access is also present. The upper level could be converted into an apartment or a separate business overlooking the Square.
    Property Profile Location Intelligence

    Current Use by Public Records

    Timeless Treasures Department Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Clyde's Florist LLC — 513 Battle St E, Talladega, AL 35160
    • Gaither's Florist — 704 Battle St E D, Talladega, AL 35160

    Location Insight

    • Map
    • Local Demand
    City
    Talladega
    County
    Talladega
    State
    Alabama
    Longitude
    -86.102063
    Latitude
    33.435386

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    FAQs

    What type of property is this?
    Storefront property - Historic mixed-use building with retail and residential potential.
    Where is this storefront property located?
    The property is located at 102 COURT SQUARE Talladega, AL.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: Historic building (circa 1900) located on the historic square in downtown Talladega.; Versatile three‑level layout: basement, main level, and upper level suitable for various business or residential uses.; Upper level configured as an apartment with open floor plan, kitchen, living/dining area, **large full bath with soaking tub**, bedroom with walk‑in closet, and unfinished studded area.
    (256) 223-1817
    We can help!
    Listing Contact
    Heather Roberts
    Real Estate License ID: 86281
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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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