Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land in High-Traffic Area Title is generated by Realmo AI

    1413 HAMRIC DRIVE, Oxford, AL 36203

    View on Map
    Claim this Listing
    For Sale
    $279,900

    Land - OXFORD, AL

    Lot size:
    0.69 Acres
    Added:
    Feb 13, 2026
    Days on Market:
    97
    Last Refresh:
    May 21 at 4:06 pm

    Property Features for 1413 HAMRIC DRIVE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    commercial
    Standard status
    Active
    Lot size
    0.69 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Betty McGinnis

    Listing agent Betty McGinnis

    Listing office Kelly Right Real Estate of Ala One Perimeter Park South, Spokane, AL

    Listing date Feb 13, 2026

    MLS# 21443536 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

    • High traffic count: 24,726 cars/day (ALDOT)
    • 100 ft road frontage on a popular highway
    • Excellent visibility
    • Great location for any type of business
    • Situated between a Medical spa and an orthodontist
    • Highly desirable location

    Overview

    This commercial land is situated between a medical spa and an orthodontist, offering visibility and traffic. The property features 100 feet of road frontage on a popular highway with a traffic count of 24,726 cars per day (ALDOT). The lot size is 0.69 acres. Located in Oxford, Alabama, this property is zoned for commercial use and presents an opportunity for establishing a business in a location with high traffic.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.811715
    Latitude
    33.615471

    Nearby Similar for Sale

    • $499,000

      Commercial Land Near Performing Arts

      0.72 acre commercial land near Oxford Performing Arts Center.
      300-308 SNOW STREET, OXFORD, AL 36203
      View Details
    • $595,000
      9,300 SF

      Cooper Machine Building

      9,300 SF industrial building with highway and interstate access.
      5181 Us Highway 78 w, Oxford, AL 36203
      View Details
    • $599,900

      Prime Commercial Opportunity in Oxford

      High-visibility commercial property with road frontage on busy highway.
      104 MCCULLARS LANE, OXFORD, AL 36203
      View Details
    • $99,000

      Commercial Land in High-Traffic Location

      Prime commercial land with high visibility and accessibility in Oxford.
      0 HIGHWAY 78, OXFORD, AL 36203
      View Details
    • $415,000

      Unrestricted Land Near I-20

      12.6 acres of unrestricted land near I-20 in Oxford.
      99 Bobwhite Drive, Oxford, AL 36203
      View Details
    • $75,000

      Oxford Commercial Land For Sale

      0.86 acre property with metal building in Oxford, AL.
      1001 CHURCH STREET, OXFORD, AL 36203
      View Details
    • $1,795,000

      Move-in Ready Industrial Facility

      Light industrial facility suitable for manufacturing and warehousing, near I-20.
      1207 BUTLER STREET, OXFORD, AL 36203
      View Details
    • $850,000

      Prime Oxford Commercial Acreage

      Commercial acreage in the heart of Oxford, Alabama.
      0 ELM STREET, OXFORD, AL 36203
      View Details
    • $799,900
      8,113 SF

      Commercial Property with Highway Frontage

      Commercial property offering offices, showroom, warehouse space, and more.
      1321 E Hamric Drive, OXFORD, AL 36203
      View Details
    • $44,900

      Land For Sale in Oxford

      Acreage in high-traffic area, suitable for investment.
      0 HIGHWAY 78, OXFORD, AL 36203
      View Details
    • $26,900

      Corner Lot on Highway 21

      0.9 acre corner lot with high visibility and easy access.
      49265 AL HIGHWAY 21, OXFORD, AL 36268
      View Details
    • $315,900

      Talladega County Acreage For Sale

      41-acre retreat bordering Talladega National Forest, ideal for recreation.
      0 CAROLYN LANE, OXFORD, AL 36268
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land with high visibility and traffic count.
    Where is this commercial land located?
    The property is located at 1413 HAMRIC DRIVE Oxford, AL.
    What is the asking price?
    The asking price for this property is $279,900.
    What are key features of this property?
    This property features: High traffic count: 24,726 cars/day (ALDOT); 100 ft road frontage on a popular highway; Excellent visibility
    (256) 473-6223
    We can help!
    Listing Contact
    Betty McGinnis
    Real Estate License ID: 118003
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1413 HAMRIC DRIVE, OXFORD, AL 36203
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!