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    285 Head Dr Cleveland, AL 35049

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    For Sale
    $475,000

    Dual-Business Property, High Income Potential

    Property Features for 285 Head Dr

    General Information

    Property type
    Retail properties
    Lot Size
    39,204 SF

    Building Details

    Year Built
    1999

    We can help!

    Listing Contact
    Ron Kilgo
    Ron Kilgo

    Listing Agency: Metro North dba Keller Williams Metro North Listing Agent: Ron Kilgo

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

    Learn more

    Overview

    This exceptional investment opportunity in Cleveland, AL, presents a rare chance to acquire a thriving dual-business property situated on a 0.9-acre lot. The main business, a highly successful 24-hour coin-operated laundromat, boasts approximately 2,500 square feet of space. Equipped with modern, three-year-old washers and dryers, the laundromat maintains a clean and well-maintained environment, featuring bright lighting, a public restroom, ample workspace with folding tables and rolling baskets, and vending machines for added revenue. This established business averages $7,000 in monthly revenue and enjoys a monopoly in its immediate area. The second space, formerly an outdoor equipment store, offers approximately 5,133 square feet of indoor space with an additional 5,567 square feet of rear storage, providing significant flexibility for a variety of business ventures. This area includes good lighting, existing shelving, and a fenced outdoor area. The property's prime location and the combined income potential of the two businesses make this a truly unique and lucrative investment opportunity. The property is priced at $475,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jerry's Laundromat (Bike/Boat/Book/etc) Store Porboy Outdoors (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Dental Office Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Blount
    State
    Alabama
    Longitude
    -86.58356
    Latitude
    33.98847

    Nearby Similar for Sale

    • $475,000
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      Retail Opportunity in Cleveland, Alabama

      Retail building with laundromat and potential restaurant space for sale.
      285 Head Dr, Cleveland, AL 35049
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    • $339,000
      17,048 SF

      Warehouse with Residential Apartment Above

      17,000 sqft warehouse with 2-bed apartment, gated parking.
      37017 Alabama Hwy 79, Cleveland, AL 35049
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    • $475,000
      12,177 SF

      Alabama Retail Investment Opportunity

      Two Businesses, High Income Potential
      285 Head Dr, Cleveland, AL 35049
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    FAQs

    What type of property is this?
    Retail property - Dual-Business Property, High Income Potential
    Where is this retail property located?
    The property is located at 285 Head Dr Cleveland, AL.
    What is the asking price?
    The asking price for this property is $475,000.
    (205) 915-5044
    Request Owner's contact information
    285 Head Dr Cleveland, AL 35049
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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.

    More about this property
    285 Head Dr Cleveland, AL 35049
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    We can help!
    Listing Contact
    Ron Kilgo
    Ron Kilgo
    Real Estate License ID: 226540
    (205) 915-5044 (205) 694-0300
    Learn more
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