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    221 John Ray Ln Eastaboga, AL 36260

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    Sponsored
    For Sale
    $1,975,000

    Mixed Use - EASTABOGA, AL

    Type:Mixed Use
    Property size:
    15,076 SF
    Lot size:
    57.00 Acres
    Days on Market:
    6
    Last Refresh:
    Mar 30 at 2:06 am

    Property Features for 221 John Ray Ln

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Zoning
    unrestricted
    Parking features
    Assigned
    Size
    15,076 SF
    Lot size
    57.00 Acres

    Utilities

    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1973
    Flooring type
    Carpet, Carpet - Partial, Concrete
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Brandie Holt
    Brandie Holt

    Northeast Alabama Real Estate Co., LLC dba Keller Williams Realty Group

    Listing agent Brandie Holt

    Listing date Mar 25, 2026

    MLS# 21434901 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.

    Learn more

    Property Insight Report

    Overview

    Mixed-Use Property with Warehouses, Residence

    This mixed-use property in EASTABOGA, AL, encompasses 57 acres and includes a variety of structures: three warehouses, a residence, a guesthouse, a barn, and a cabin. Warehouse-1 offers 15,076 square feet, incorporating 1,275 square feet of office space, two bathrooms, and eight 14x16 roll-up doors. It features a 12-foot ceiling in the office area and an 18-foot ceiling in the warehouse section. Warehouse-2 provides 3,600 square feet, including 2,700 square feet of office space, one bathroom, two 10x10 roll-up doors, and two 12x18 roll-up doors, with ceiling heights of 12 feet in the office and 18 feet in the warehouse. Warehouse-3 measures 8,375 square feet, with 360 square feet of office space, one bathroom, two 10x10 roll-up doors, and one 12x18 roll-up door, also featuring 12-foot office ceilings and 18-foot warehouse ceilings. The residence spans 2,076 square feet and includes two bedrooms, two bathrooms, a living room, a dining room, and a kitchen with a breakfast bar. The guesthouse offers 1,929 square feet, featuring one bedroom, two bathrooms, a kitchen, and a recreation room with a wet bar. The property also includes an inground pool and a cabin with one bedroom and bathroom. The property is centrally located between Atlanta and Birmingham, with convenient access to the interstate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    John Ray Enterprise Trucking Company

    Suggested Use

    Restaurant Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Food Market Grocery & Convenience Store Discount Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Eastaboga
    County
    Calhoun
    State
    Alabama
    Longitude
    -86.018396
    Latitude
    33.593199

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property featuring warehouses, residence, guesthouse, barn, and cabin.
    Where is this mixed-use property located?
    The property is located at 221 John Ray Ln Eastaboga, AL.
    What is the asking price?
    The asking price for this property is $1,975,000.
    What are key features of this property?
    This property features: - Three warehouses totaling over 26,000 sq ft with office space and multiple roll-up doors.; - Centrally located between Atlanta and Birmingham, with convenient access to the interstate.; - Includes a 2076 sq ft residence with 2 bedrooms and 2 bathrooms.
    (999) 999-9999
    Request Owner's contact information
    221 John Ray Ln Eastaboga, AL 36260
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    Eastaboga, AL 36260
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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
    221 John Ray Ln Eastaboga, AL 36260
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    Listing Contact
    Brandie Holt
    Brandie Holt
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