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

    514 Central Blvd Tallassee, AL 36078

    Sponsored
    For Sale
    $235,000

    Spacious Church Building, 5 Lots, Great Condition

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    354
    This exceptional commercial property presents a unique investment opportunity in Tallassee, Alabama. The existing brick church building is in excellent condition and sits on five combined lots, offering ample space and potential for diverse uses. The main sanctuary boasts seating for approximately 100 people, complete with original pews, hardwood floors, and drywall interiors. Four well-sized classrooms provide versatile space for various activities, complemented by three bathrooms for convenience. A large fellowship hall is ideal for gatherings, equipped with an attached kitchen, making it suitable for events or community functions. The property benefits from central heating and cooling systems, ensuring year-round comfort. Extensive parking surrounds the building, providing convenient access for occupants and visitors. The property's solid construction, desirable location, and versatile layout make it an attractive prospect for a variety of commercial ventures, including community centers, educational facilities, or even adaptive reuse projects. The substantial size and existing infrastructure offer significant potential for expansion or modification to suit specific business needs. This is a rare opportunity to acquire a well-maintained, established property with significant potential in a growing community. The asking price is $235,000.

    Property Features for 514 Central Blvd

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Macie Griffith

    Learn more

    Property Insight Report
    Property Profile Location Intelligence

    Current Use by Public Records

    First Presbyterian Church Presbyterian Church

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Auto Repair Shop Gym & Fitness Wholesale Shop Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Tallassee
    County
    Tallapoosa
    State
    Alabama
    Longitude
    -85.87594
    Latitude
    32.53999

    Nearby Comparable

    • $168,900
      1,118 SF

      Tallassee Office Building - $168,900

      Vacant Office Building, Hwy 14, Tallassee, AL
      605 Central Blvd, Tallassee, AL 36078
      View Details
    • Contact for pricing
      11,325 SF

      CVS Pharmacy Investment Opportunity

      Alabama CVS: NNN Lease, Strong NOI
      10 Gilmer Ave, Tallassee, AL 36078
      View Details
    • $719,000
      183.00 Acres

      183 Acres of Mixed Timberland

      183 acres of mixed timberland with creek and homesite.
      00 Friendship Rd, Tallassee, AL 36078
      View Details
    • New
      $125,000
      1,406 SF

      Tallassee Commercial Property with Potential

      Commercial property in Tallassee, AL with flexible layout and visibility.
      2971 Notasulga Rd, Tallassee, AL 36078
      View Details
    • $1,000,000

      Tallassee Commercial Property - High Potential

      Prime Tallassee location, high-potential commercial building.
      207 Gilmer Ave, Tallassee, AL 36078
      View Details
    • $950,000
      8,000 SF

      Tallassee Commercial Property with Potential

      8000 sq ft commercial property in downtown Tallassee, Alabama.
      207 Gilmer Ave, Tallassee, AL 36078
      View Details
    • $300,000

      Commercial Land on Gilmer Avenue

      2.2+ acre commercial land on a busy highway.
      903 Gilmer Ave, Tallassee, AL 36078
      View Details
    • $330,000

      Tallassee Commercial Corner Lot Investment

      High-traffic location, leased property, great potential.
      903 Gilmer Ave, Tallassee, AL 36078
      View Details
    • New
      $91,332
      14.05 Acres

      Tallassee Land Near Lake Martin

      14.051 acres near Lake Martin, ideal for rural homesite.
      04 Cleghorn Dr, Tallassee, AL 36078
      View Details

    Nearby Similar for Sale

    • $950,000
      8,000 SF

      Tallassee Commercial Property with Potential

      8000 sq ft commercial property in downtown Tallassee, Alabama.
      207 Gilmer Ave, Tallassee, AL 36078
      View Details
    • New
      $125,000
      1,406 SF

      Tallassee Commercial Property with Potential

      Commercial property in Tallassee, AL with flexible layout and visibility.
      2971 Notasulga Rd, Tallassee, AL 36078
      View Details
    • $1,000,000

      Tallassee Commercial Property - High Potential

      Prime Tallassee location, high-potential commercial building.
      207 Gilmer Ave, Tallassee, AL 36078
      View Details
    • $190,000

      Tallassee Church: Huge Potential!

      Spacious church, 1.1 acres, move-in ready.
      5386 Friendship Rd, Tallassee, AL 36078
      View Details
    • $330,000

      Tallassee Commercial Corner Lot Investment

      High-traffic location, leased property, great potential.
      903 Gilmer Ave, Tallassee, AL 36078
      View Details
    • Contact for pricing
      11,325 SF

      CVS Pharmacy Investment Opportunity

      Alabama CVS: NNN Lease, Strong NOI
      10 Gilmer Ave, Tallassee, AL 36078
      View Details
    • $168,900
      1,118 SF

      Tallassee Office Building - $168,900

      Vacant Office Building, Hwy 14, Tallassee, AL
      605 Central Blvd, Tallassee, AL 36078
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Spacious Church Building, 5 Lots, Great Condition
    Where is this commercial real estate located?
    The property is located at 514 Central Blvd Tallassee, AL.
    What is the asking price?
    The asking price for this property is $235,000.
    (334) 207-0666
    Request Owner's contact information
    514 Central Blvd Tallassee, AL 36078
    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.
    514 Central Blvd
    Tallassee, AL 36078
    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
    514 Central Blvd Tallassee, AL 36078
    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
    Macie Griffith
    (334) 207-0666
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.