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    Historical Silo Property Title is generated by Realmo AI

    Maple Avenue, Scottsboro, AL 35768

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    Claim this Listing
    New
    For Sale
    $345,900

    COMMERCIAL - Scottsboro, AL

    Property size:
    1,500 SF
    Price / SF:
    $230/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 5:06 am

    Property Features for Maple Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    6
    Rooms
    Bathroom 6, Bathroom 1, Bathroom 5, Bathroom 4, Bathroom 3, Bathroom 2
    Standard status
    Active
    APN
    PIN 20068, 20098, 20099, 20100
    Size
    1,500 SF

    Utilities

    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Wood

    We can help!

    Listing Contact
    Vincent Lovvorn

    Listing agent Vincent Lovvorn License #124130

    Listing office Redstone Realty Solutions-Hsv 3309 S Memorial Prkwy Ste 202, AL

    Listing date Jun 4, 2026

    MLS# 21919981

    Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Historical type silo property with multiple bathrooms (Bathroom 1 through Bathroom 6)
    • Commercial and residential parcels included in the listing
    • Opportunity zone for tax incentives (as stated in the listing remarks)
    • Wood flooring and public water source

    Overview

    This for-sale property is a multi-purpose income offering that includes both commercial and residential parcels, centered on a historical type silo structure. The listing describes the silo as the focal improvement, with concepts for combining event-driven activity with rental uses. It’s also described as including a house rental component, supporting mixed-use operations or multi-stream leasing depending on how the parcels are ultimately configured.

    The property is identified in the listing for Scottsboro, Alabama, with the address provided as Maple Avenue. The listing also states the site is located in an Opportunity Zone, which may factor into tax incentive planning for qualified investors and operators.

    From a tenant and buyer fit perspective, the seller is positioning the site for entertainment and gathering uses such as weddings, festivals, and photography, along with thrift-related rental concepts. The remarks also reference options for “park & sale” activity and the potential to build mini warehouse units, suggesting a redevelopment-and-activation approach for parties seeking a distinctive, flexible site layout. Interested parties should review the parcel structure and intended end use strategy as part of their due diligence, particularly given the mix of commercial and residential components.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wedding venues

    Map

    City
    Scottsboro
    County
    Jackson
    State
    Alabama
    Longitude
    -86.0357589
    Latitude
    34.6746929

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    FAQs

    What type of property is this?
    Wedding venue - Multi-purpose commercial and residential opportunity zone property with a historical silo and flexible event and rental use concepts.
    Where is this wedding venue located?
    The property is located at Maple Avenue Scottsboro, AL.
    What is the asking price?
    The asking price for this property is $345,900.
    What are key features of this property?
    This property features: Historical type silo property with multiple bathrooms (Bathroom 1 through Bathroom 6); Commercial and residential parcels included in the listing; Opportunity zone for tax incentives (as stated in the listing remarks)
    (256) 574-9163
    We can help!
    Listing Contact
    Vincent Lovvorn
    Real Estate License ID: 124130
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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.

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