Tallassee Commercial Property with
207 Gilmer Avenue Tallassee, AL 36078
For Sale
$950,000
COMMERCIAL - Tallassee, AL
Property Size8,000 SF
Price / SF$118.75
Days on Market692
Property Features for 207 Gilmer Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 15
- Standard status
- Active
- APN
- 19-06-13-2-004-015000-0
- Size
- 8,000 SF
Taxes and HOA fees
- Tax Description
- LOTS 99 & 100 MT VERNON SUB
- Tax Annual Amount
- 113
Building Details
- Floors in Building
- 1
- Building materials
- MetalSiding
Listing Agency:
Intervest Realty Group
(334) 398-7906
Listed By:
Angel B. Miller · License #0107786
(334) 398-7906
Added: Sep 4, 2024
Changed: May 14
Last Checked: Jul 27 at 6:06AM
MLS# 563216
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.
Investment Insights
Based on property information with market context.
This commercial property, located in downtown Tallassee, Alabama, offers potential for various business ventures. The property encompasses 8000 square feet according to tax maps and includes two restrooms and a roll-up door. A house is also located on the property. It features 96 feet of road frontage on Hwy 14/Gilmer Avenue. The layout includes offices in the front and a shop in the back of the facility.
Key Highlights
- Prime downtown location in desirable Tallassee, Alabama.
- High‑value commercial property with significant potential.
- Substantial 8000 sq ft facility (per tax maps).
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.1k | $17.76 |
| − Vacancy | −$8.5k | −$1.07 |
| EGI | $133.6k | $16.69 |
| − OpEx | −$46.7k | −$5.84 |
| NOI | $86.8k | $10.85 |
8,000 SF · lease $17.76/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Industrial
$1.32M
$1.16M – $1.54M
NOI $92,693 @ 7.0% cap · market cap 9.76%
Second Best
Retail
$1.27M
$1.11M – $1.48M
NOI $88,812 @ 7.0% cap · market cap 9.35%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,122 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bonner's Medical Supply
Medical Clinic
Similar Off Market Nearby
- Talisi Florist — 906 Gilmer Ave, Tallassee, AL 36078
- The Petaler — 4 Sistrunk St, Tallassee, AL 36078
FAQs
What type of property is this?
Storefront property - 8000 sq ft commercial property in downtown Tallassee, Alabama.
Where is this storefront property located?
The property is located at 207 Gilmer Avenue Tallassee, AL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime downtown location in desirable Tallassee, Alabama.; High‑value commercial property with significant potential.; Substantial 8000 sq ft facility (per tax maps).
