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

    1148 Us Hwy 231 Ozark, AL 36360

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $495,000

    Closed restaurant on Hwy 231 in Ozark, Alabama.

    Type:General Commercial
    Added:
    Jan 14, 2020
    Days on Market:
    2298
    Last Refresh:
    Apr 1 at 9:00 pm

    Property Features for 1148 Us Hwy 231

    General Information

    Standard status
    Active
    Property subtype
    General Commercial

    Building Details

    Year Built
    1991

    We can help!

    Listing Contact
    Danny Sharp

    Listing agent Danny Sharp

    Listing office Coldwell Banker Commercial Alfred Saliba Realty

    Listing date Jan 14, 2020

    Source Xome

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

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Commercial Alfred Saliba Realty

    Overview

    Former Pizza Hut Restaurant

    This property is a former Pizza Hut restaurant located on Highway 231 in Ozark, Alabama. Note that some equipment may be removed prior to sale. The facade of the building may be changed to remove the Pizza Hut appearance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Conventional restaurants

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ozark
    County
    Dale
    State
    Alabama
    Longitude
    -85.640869
    Latitude
    31.438224

    Nearby Similar for Sale

    • $289,900

      Ozark Commercial Property on Hwy 231

      Versatile commercial building with high visibility and highway frontage.
      7642 US 231, Ozark, AL 36360
      View Details
    • $339,900

      Ozark Commercial Building For Sale

      5445 SF brick building near Dale Medical Hospital.
      145 KATHERINE AVE, Ozark, AL 36360
      View Details
    • $299,900

      Commercial Building on Major Highway

      Over 11,000 sq ft commercial building between Ozark and Ft. Rucker.
      5879 Andrews Ave, Ozark, AL 36360
      View Details
    • $970,000

      Ozark AL Commercial Property

      Commercial property in Ozark, Alabama, featuring three buildings.
      1518 Andrews Ave, Ozark, AL 36330
      View Details
    • $549,999

      Turnkey Restaurant Opportunity on 231

      Successful, award-winning steakhouse on 1.76 acres along 231 South.
      8370 US Highway 231 South, Ozark, AL 36360
      View Details
    • $850,000
      960 SF

      Ozark Townhome Portfolio Investment

      Ten townhome units in Ozark, AL with strong rental potential.
      467 127 141 Eufaula St & Depot Ln, Ozark, AL 36360
      View Details
    • $279,900
      1,600 SF

      Modern Farmhouse in Ozark, AL

      Like-new 1,600 sq ft farmhouse built in 2024.
      359 Spruce Lane, Ozark, AL 36360
      View Details
    • $189,000

      Daycare Opportunity in Ozark, AL

      Commercial property currently operating as a daycare for sale.
      1889 Andrews Ave, Ozark, AL 36360
      View Details
    • $8
      90,783 SF

      Midtown Plaza Retail Opportunity

      90,783 SF shopping center with high visibility on Highway 231.
      1548 South US Highway 231, Ozark, AL 36360
      View Details
    • $949,000
      6,556 SF

      Ozark Commercial Property For Sale

      6,556 SF building on 1.63 acres in thriving retail area.
      1396 U.S. 231, Ozark, AL 36360
      View Details
    • Contact for pricing
      90,783 SF

      Midtown Plaza Shopping Center

      90,783 SF multi-tenant center on U.S. Highway 231.
      1548 South US Highway 231, Ozark, AL 36360
      View Details
    • $299,900
      11,200 SF

      Commercial Building on Major Highway

      Commercial building with showroom, offices, and roll-up doors.
      5879 Andrews Ave, Ozark, AL 36360
      View Details

    FAQs

    What type of property is this?
    Conventional restaurant - Closed restaurant on Hwy 231 in Ozark, Alabama.
    Where is this conventional restaurant located?
    The property is located at 1148 Us Hwy 231 Ozark, AL.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: Highway 231 Frontage: High‑visibility location on a major highway.; Ample Parking: 32 parking spaces available.; Includes 3 guest facilities.
    (334) 793-6600
    We can help!
    Listing Contact
    Danny Sharp
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!