Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    502 S Court St Florence, AL 35630

    View on Map
    Claim this Listing
    For Sale
    $1,950,000

    Commercial Sale - Florence, AL

    Property size:
    28,429 SF
    Lot size:
    1.44 Acres
    Price / SF:
    $68/SF
    Added:
    Sep 20, 2025
    Days on Market:
    229
    Last Refresh:
    May 6 at 1:06 am

    Property Features for 502 S Court St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B3
    Bathrooms
    4
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4
    Standard status
    Active
    APN
    24-06-14-2-004-015.000
    Size
    28,429 SF
    Lot size
    1.44 Acres

    Taxes and HOA fees

    Tax Annual Amount
    18146.66

    Building Details

    Year built
    1968
    Architectural style
    Other

    We can help!

    Listing Contact
    Patti Thomas
    Patti Thomas

    Listing agent Patti Thomas License #135541

    Listing office Neese Real Estate 101 S. Court St, Florence, AL

    Listing date Sep 20, 2025

    MLS# 524860 Listing URL

    Copyright © 2026 Strategic MLS Alliance, INC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Florence Commercial Opportunity

    Located in downtown Florence, Alabama, this 37,579 square foot facility is situated on a 1.44-acre lot. The property, formerly a Coca-Cola Bottling Company and most recently a Comcast Cable warehouse, offers expansive and flexible space. Approximately 6,500 square feet is dedicated to office space, with the remaining area consisting of a wide-open warehouse featuring 3 Phase Electrical and a sprinkler system. The warehouse has minimal obstructions and ceiling heights ranging from 10 to 20 feet. The property is suited for office operations, tech firms, light manufacturing, storage, or multi-family re-development. An on-site parking lot along Court Street provides convenient parking. The warehouse space is 31,079 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Law Firm Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Alabama Farms Coop, Grain Storage Bins — Florence, AL 35630
    • Shoals Cold Storage — 650 S Poplar St, Florence, AL 35630
    • ALABAMA FARMERS COOPERATIVE, INC GRAIN DIVISION — 1090 S Court St, Florence, AL 35630
    • Styles Moving — 623 S Seminary St Suite 112, Florence, AL 35630
    • Morgan Moving & Storage Inc — 327 N Pine St, Florence, AL 35630

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.67438
    Latitude
    34.7958175

    Nearby Similar for Sale

    • $399,900
      2,259 SF

      Versatile Commercial Building in Florence

      High-visibility commercial building with ample parking and updated facilities.
      121 S Chestnut Street, Florence, AL 35630
      View Details
    • $449,900
      1,595 SF

      Renovated Commercial Building in Florence

      Turnkey commercial space in a sought-after Florence location.
      715 Cox Creek Pkwy, Florence, AL 35630
      View Details
    • $1,485,000
      6,194 SF

      High-Visibility Commercial Opportunity in Florence

      Premier commercial space with flexible layout and expansion potential.
      727 Cox Creek Pkwy, Florence, AL 35630
      View Details
    • $1,175,000
      8,750 SF

      Commercial Office Building in Florence

      Prime commercial office building in high-traffic downtown Florence, Alabama.
      302 W Dr Hicks Blvd, Florence, AL 35630
      View Details
    • $357,000
      2,627 SF

      Equipped Convenience Store on Busy Road

      Well-located, equipped convenience store with recent updates.
      2614 Huntsville Road, Florence, AL 35811
      View Details
    • $350,000
      3,906 SF

      Florence Church Building on 0.86 Acres

      Well-maintained church building suitable for ministries and community outreach.
      3651 Cole Ave, Florence, AL 35630
      View Details
    • $315,000
      3,300 SF

      Five-Unit Multifamily Building Near UNA

      Five-unit apartment building near UNA, with income potential.
      727 Sherrod Avenue, Florence, AL 35630
      View Details
    • $815,000
      3,000 SF

      Florence Estate with Horse Barn

      11-acre Florence estate featuring a custom home and horse barn.
      250 Old Orchard Rd, Florence, AL 35634
      View Details
    • $2,950,000
      14,477 SF

      Downtown Florence Medical Office Building

      2.5-story medical office building in high-traffic downtown location.
      201 E Dr Hicks Blvd, Florence, AL 35630
      View Details
    • $269,900

      Renovated Triplex Near UNA

      Fully renovated triplex near UNA and downtown Florence.
      304 Plum St, Florence, AL 35630
      View Details
    • $50,000
      960 SF

      Commercial Property in High-Traffic Area

      B2-zoned commercial property with high potential in Florence, Alabama.
      115 Indiana Avenue, Florence, AL 35630
      View Details
    • $174,900
      1,485 SF

      Charming Farmhouse on Spacious Lot

      Two-bedroom farmhouse with original hardwood floors on a large lot.
      235 Co Rd 7, Florence, AL 35630
      View Details

    FAQs

    What type of property is this?
    Warehouse - 37,579 SF facility in downtown Florence, Alabama for sale.
    Where is this warehouse located?
    The property is located at 502 S Court St Florence, AL.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: Expansive 37,579 SF facility on 1.44 acres in downtown Florence.; Versatile space suitable for office, tech, light manufacturing, storage, or multi‑family redevelopment.; Prime, easily accessible location in the vibrant center of downtown.
    (256) 767-7000
    We can help!
    Listing Contact
    Patti Thomas
    Patti Thomas
    Real Estate License ID: 135541
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    502 S Court St, Florence, AL 35630
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!