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    245 Washington St Abbeville, AL 36310

    View on Map
    Sponsored
    For Sale
    $110,000

    Commercial Sale - Abbeville, AL

    Property size:
    2,400 SF
    Lot size:
    1.78 Acres
    Days on Market:
    33
    Last Refresh:
    Mar 14 at 8:06 pm

    Property Features for 245 Washington St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    37-10-05-21-2-001-060.000
    Size
    2,400 SF
    Lot size
    1.78 Acres

    Building Details

    Year built
    1988
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Becky Walker
    Becky Walker

    Keller Williams Realty Southeast Alabama (334) 714-9046

    Listing agent Becky Walker (334) 702-3595

    Listing date Feb 9, 2026

    MLS# 205098 Listing URL

    Copyright © 2026 Southeast Alabama Association of REALTORS®. 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

    Abbeville Commercial Property on Highway

    This 1.78-acre commercial property in Abbeville, AL, offers significant potential with 302 feet of frontage on Highway 10 (East Washington Street), experiencing a daily traffic count of approximately 2,000 vehicles. The site features a 2,400 sq. ft. metal shop, previously Woods' Machine & Welding Shop, constructed on a concrete slab with corrugated siding and roof. The shop includes oversized sliding doors and a covered side bay, along with a dedicated office and restroom. Some equipment is included in the sale, offered as-is. The property also has timber that could be cleared to provide additional parking, outdoor storage, or expansion space. Designated for Auto Repair/Shop use, the property is suitable for welding, fabrication, mechanical services, contractors, or other trades. Its location near Hardridge Creek Landing (10 miles), George Bagby State Park, and Walter F. George Dam (13 miles) makes it attractive for boat repair, marine services, or RV/camper-related businesses. The combination of highway visibility and flexible use potential creates opportunities for leasing, redevelopment, or long-term value growth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

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

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

    Similar Places Nearby

    Farmer's Tire Center, C & A 24/7 Towing & Recovery, Eric Money's Garage, Abbeville City Park, United Service Motors

    Location Insight

    • Map
    • Local Demand
    City
    Abbeville
    County
    Henry
    State
    Alabama
    Longitude
    -85.2396345
    Latitude
    31.5707367

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    FAQs

    What type of property is this?
    Auto shop - 1.78-acre commercial property with shop and highway frontage.
    Where is this auto shop located?
    The property is located at 245 Washington St Abbeville, AL.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: - High visibility with 302 feet of Hwy 10 frontage and nearly 2,000 daily traffic count.; - 1.78-acre property with flexible land use designated for Auto Repair/Shop and suitable for various trades.; - **2,400 sq. ft. metal shop with concrete slab, oversized sliding doors, office, restroom, and covered side bay.**
    (334) 441-8299
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    245 Washington St Abbeville, AL 36310
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    Abbeville, AL 36310
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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
    245 Washington St Abbeville, AL 36310
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    We can help!
    Listing Contact
    Becky Walker
    Becky Walker
    (334) 441-8299 (334) 702-3595 (334) 750-9800
    Learn more
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