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    160 N Jackson Street Grove Hill, AL 36451

    View on Map
    For Sale
    $340,000

    COMMERCIAL - Grove Hill, AL

    Added:
    May 19, 2023
    Days on Market:
    1050
    Last Refresh:
    Apr 2 at 1:06 am

    Property Features for 160 N Jackson Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    50
    Standard status
    Active

    Taxes and HOA fees

    TaxDescription
    see new survey
    TaxAnnualAmount
    4139

    Building Details

    Building materials
    MetalSiding, Concrete

    We can help!

    Listing Contact
    Kathy Brasell
    Kathy Brasell

    Listing agent Kathy Brasell License #0105943

    Listing office RE/MAX Tri-Star 1779 Taliaferro Trail, MONTGOMERY, AL

    Listing date May 19, 2023

    MLS# 537830

    Copyright © 2026 Montgomery Area Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Two Commercial Buildings on 5 Acres

    Two commercial buildings are available for purchase together on 5 acres. The properties have frontage on N Jackson Street. One building, known as Twin Rivers Skating Rink & Mini Golf, features 9,260 square feet with a hardwood floor skating rink, an indoor glow-in-the-dark mini golf area, an arcade area, a concession stand area, a sitting area, a music booth, an office, a supply room, and two restrooms. The outdoor mini golf area includes a waterfall and bridge. The metal roof was recoated approximately one year ago. The other building has two parts: the front, with 2,712 square feet, was most recently used as a church meeting location and includes a large meeting room, two restrooms, a sizable kitchen, and an office. The back part of this building has 8,133 square feet and was most recently used as an auto repair shop. There is also a lean-to along the rear for additional storage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Skating rinks

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Law Firm Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Grove Hill
    County
    Clarke
    State
    Alabama
    Longitude
    -87.776252
    Latitude
    31.715038

    Nearby Similar for Sale

    • $145,000

      Grove Hill Commercial Opportunity

      Two-part building: church meeting location and auto repair shop.
      160 N Jackson Street, Grove Hill, AL 36451
      View Details
    • $3,000,000
      222,000 SF

      10,000 - 220,000 SF Industrial Building | Hwy 43, Grove Hill For Sale/Lease

      222,000 sq ft industrial space on 33 acres, Grove Hill.
      al 43 highway, Grove Hill, AL 36451
      View Details
    • $3,000,000
      222,000 SF

      10,000 - 220,000 SF Industrial Building | Hwy 43, Grove Hill For Sale/Lease

      222,000 sq ft industrial space on 33 acres, Grove Hill.
      al 43 highway, Grove Hill, AL 36451
      View Details
    • $195,000

      Twin Rivers Skating Rink & Mini Golf

      9,260 sq ft skating rink and mini golf venue.
      158 N Jackson Street, Grove Hill, AL 36451
      View Details
    • $3,000,000
      220,000 SF

      222,000 SF Industrial Facility

      222,000 SF industrial building on 33 acres for sale.
      al 43 highway, Grove Hill, AL
      View Details

    FAQs

    What type of property is this?
    Skating rink - Two buildings with skating rink, mini golf, church, and auto shop.
    Where is this skating rink located?
    The property is located at 160 N Jackson Street Grove Hill, AL.
    What is the asking price?
    The asking price for this property is $340,000.
    What are key features of this property?
    This property features: Two large buildings totaling over 19,000 sq ft on 5 acres with frontage on N Jackson Street.; Includes the former Twin Rivers Skating Rink with hardwood floor, indoor glow‑in‑the‑dark mini golf, arcade, and concession area.; The skating rink building has an outdoor mini golf area with a waterfall and bridge.
    (334) 244-2400
    We can help!
    Listing Contact
    Kathy Brasell
    Kathy Brasell
    Real Estate License ID: 0105943
    Learn More
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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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