Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    20 Washington St Selma, AL 36703

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $380,000

    Prime Selma location, $380,000. Great investment potential.

    Property Features for 20 Washington St

    General Information

    Property type
    Other commercial real estate

    We can help!

    Listing Contact
    Charles Bruner

    Listing Agency: Town & Country Real Estate Of Listing Agent: Charles Bruner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional commercial property, located at 20 Washington Street in the heart of Selma, Alabama, presents a compelling investment opportunity. Priced at $380,000, this general commercial building offers significant potential for a variety of uses. While the exact square footage is currently unavailable, the property sits on a 0-acre lot, providing ample space for potential expansion or outdoor activities depending on the intended use. Its central Selma location ensures high visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in the community. The property's versatility allows for a wide range of commercial ventures, from retail spaces and offices to light industrial uses. Serious inquiries are encouraged to explore the possibilities and conduct a thorough due diligence process to assess the property's suitability for their specific business needs. This is a rare chance to acquire a well-situated commercial property in a thriving Alabama city. The property is being offered as-is. Further details regarding the property's condition and potential uses can be provided upon request. Don't miss this chance to secure a valuable asset in a dynamic market.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Dallas
    State
    Alabama
    Longitude
    -87.01838
    Latitude
    32.40812

    Nearby Similar for Sale

    • $395,000
      3,659 SF

      Selma Commercial Building on Highland

      Well-located commercial building on a busy Selma corridor.
      1208 W Highland Ave, Selma, AL 36701
      View Details
    • $218,400
      36.40 Acres

      Alabama River Waterfront Development Opportunity

      36-acre waterfront property on the Alabama River in Selma.
      Kings Bend Rd, Selma, AL 36701
      View Details
    • $195,000
      7,950 SF

      Highway Frontage Commercial Property, Selma

      1.37 acre commercial property with highway frontage in Selma, AL.
      408 Hwy 80 E, Selma, AL 36701
      View Details
    • $39,900
      3,805 SF

      Mixed-Use Building in Selma, Alabama

      2509 sqft building with retail, apartment, and laundry potential.
      313 Parkman Ave, Selma, AL 36701
      View Details
    • Contact for pricing
      54,000 SF

      Selma Warehouse with Heavy Power

      54,000 SF warehouse near downtown Selma and Highway 80.
      601 Mcduffie Ave, Selma, AL 36701
      View Details
    • Contact for pricing
      1.52 Acres

      Selma, AL Land For Sale

      1.52 acre lot in Twin Rivers Preserve, Selma, Alabama.
      Twin Rivers Preserve, Selma, AL 36701
      View Details
    • $179,900
      5,764 SF

      Selma Commercial Property for Sale

      Commercial property in Selma, Alabama, offering 5764 square feet.
      6 Office Park Cir, Selma, AL 36701
      View Details
    • $5,375,000
      133,710 SF

      Selma Multifamily Investment Opportunity

      120-unit apartment community in Selma, Alabama, with value-add potential.
      1300 Cloverdale Rd, Selma, AL 36703
      View Details
    • $549,000
      Pending

      Established Selma Motel Opportunity

      Well-established 36-unit motel with recent updates and thriving business.
      1200 W Highland Ave, Selma, AL 36701
      View Details
    • $669,000
      5,616 SF

      Selma Retail Investment Opportunity

      High-traffic Selma retail building, 5,547 rentable sq ft.
      2003 Highland Ave, Selma, AL 36701
      View Details
    • $360,184

      Selma Commercial Building Opportunity

      Prime Selma location, great investment potential.
      198 Highland Ave, Selma, AL 36701
      View Details
    • $385,000
      0.70 Acres

      Selma Retail Strip Mall Investment

      High-traffic location, excellent income potential.
      1909 Dallas Ave, Selma, AL 36701
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Selma location, $380,000. Great investment potential.
    Where is this commercial real estate located?
    The property is located at 20 Washington St Selma, AL.
    What is the asking price?
    The asking price for this property is $380,000.
    (334) 872-1122
    Request Owner's contact information
    20 Washington St Selma, AL 36703
    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.
    20 Washington St
    Selma, AL 36703
    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
    20 Washington St Selma, AL 36703
    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
    Charles Bruner
    Real Estate License ID: 0071013
    (334) 872-1122 (334) 410-2365
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!