Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    309 Whites Gap Rd Jacksonville, AL 36265

    Sponsored
    For Sale
    $229,900

    Quadplex - JACKSONVILLE, AL

    Days on Market:
    6
    Last Refresh:
    Feb 17 at 7:06 pm

    Property Features for 309 Whites Gap Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    3

    Utilities

    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Year built
    1950
    Number of units
    4
    Architectural style
    Other

    We can help!

    Listing Contact
    Gina Kiker

    Northeast Alabama Real Estate Co., LLC dba Keller Williams Realty Group (256) 241-1500

    Listing agent Gina Kiker (256) 241-1500

    Listing date Feb 12, 2026

    MLS# 21443419 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

    Jacksonville Quadplex with Rental Income

    This property in Jacksonville, Alabama, features a quadplex with rental income potential. It includes a triplex with one-bedroom, one-bathroom units, each equipped with a den, kitchenette, refrigerator, and stove. Additionally, there is a two-bedroom, one-bathroom house with a living room, kitchen, stove, refrigerator, and porch. The property also includes a three-bedroom, one-bathroom unit with a kitchen, living room, and garage. The triplex has a new metal roof, while the roof on the two-bedroom property is approximately six years old. The property has new outside paint.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.75749
    Latitude
    33.778376

    Nearby Similar for Sale

    • $635,000
      8.90 Acres

      Jacksonville Investment Property with Rental Units

      Investment property featuring a main house and multiple rental units.
      6391 Alexandria Jacksonville Hwy, Jacksonville, AL 36265
      View Details
    • $135,000
      0.42 Acres

      Professional Building Near Highway 21

      Professional building in Medi Plex area, many options and opportunity.
      1460 1St Ave, Jacksonville, AL 36265
      View Details
    • $135,000
      0.42 Acres

      Office Space in Jacksonville, AL

      Office space on a 0.42-acre lot in Jacksonville, AL.
      1460 1St Ave, Jacksonville, AL 36265
      View Details
    • Contact for pricing
      107,440 SF

      New Student Housing Community

      Purpose-built student housing community near Jacksonville State University.
      600 Ivy Row NW, Jacksonville, AL 36265
      View Details
    • $735,000
      104,950 SF

      Industrial Warehouse/Manufacturing Facility For Sale

      Spacious 104,950 sqft industrial facility on 6.37 acres.
      421 Alexandria Rd SW, Jacksonville, AL 36265
      View Details
    • $932,000
      60,688 SF

      Jacksonville Industrial and Warehouse Facility

      44,368 SF industrial/warehouse facility on 4.96 acres in Jacksonville, AL.
      921 Francis St, Jacksonville, AL 36265
      View Details
    • $635,000
      8.90 Acres

      Jacksonville Industrial Estate

      8.9 Acres, 8 Rental Units, Huge Potential
      6391 Alexandria Jacksonville Hwy, Jacksonville, AL 36265
      View Details
    • $75,000
      1.46 Acres

      Prime Jacksonville Commercial Land

      1.46 Acres, High Visibility, Hwy 21
      21 Hwy, Jacksonville, AL 36265
      View Details
    • $799,000
      0.35 Acres

      across the street from the new SudStop Car Wash & WhatABurger. *High Traffic Area *Great Exposure *Large Metal Sign *Fully Bricked *Paved Parking BUILDING ONLY FOR SALE

      NOT THE BUSINESSES - This building is the home of Almaroad Properties (AP) and Sam Almaroad Construction
      613 Units, Jacksonville, AL 36265
      View Details
    • $932,000
      60,688 SF

      Jacksonville Industrial Portfolio

      5 Buildings, 60,688 SF, $932,000
      915 Francis St, Jacksonville, AL 36265
      View Details
    • Contact for pricing
      3,050 SF

      Prime Jacksonville Restaurant Space

      Former Burger King, Drive-Thru, High Traffic
      410 Pelham Rd, Jacksonville, AL 36265
      View Details

    FAQs

    What type of property is this?
    Quadplex - Quadplex in Jacksonville with rental income potential.
    Where is this quadplex located?
    The property is located at 309 Whites Gap Rd Jacksonville, AL.
    What is the asking price?
    The asking price for this property is $229,900.
    What are key features of this property?
    This property features: - Triplex featuring 1 bed, 1 bath, den, and kitchenette with included refrigerator and stove.; - Separate 2 bed, 1 bath house with living room, kitchen (refrigerator and stove included), and porch.; - Additional 3 bed, 1 bath house with kitchen, living room, and garage.
    (256) 239-5183
    Request Owner's contact information
    309 Whites Gap Rd Jacksonville, AL 36265
    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.
    309 Whites Gap Rd
    Jacksonville, AL 36265
    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
    309 Whites Gap Rd Jacksonville, AL 36265
    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

    We can help!
    Listing Contact
    Gina Kiker
    Real Estate License ID: 52871
    (256) 239-5183 (256) 241-1500
    Learn more
    Google sign-in failed. Please try again or use another login method.