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    3152 1st Ave Loxley, AL 36551

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $365,000

    Prime Loxley retail space, leased through August 2025.

    Property size:
    2,110 SF

    Property Features for 3152 1st Ave

    General Information

    Property type
    Other retail properties
    Square Feet
    2,110 SF
    Price / Square Foot
    $172
    Elevators
    N/A
    Net Rentable
    1,980 SF
    Lot Size
    7,423 SF

    Building Details

    Year Built
    1900
    Buildings
    1
    Stories
    1

    Overview

    Loxley Retail Building Investment Opportunity

    This 2,110 square foot retail building is located in Loxley, Alabama. Situated on a 0.17-acre lot, the 1,980 square foot building is in a prime location near the planned Loxley Municipal City Hall, library, and city center. The building has been recently remodeled, including a new roof and HVAC system. The property is currently occupied by a tenant with a lease agreement extending through August 2025, providing immediate cash flow. The building is zoned B-1 within the City of Loxley Planning and Zoning District.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    Property Insight Report

    HighLights

    • Prime Loxley location near new City Hall, library, and city center.
    • 1,980 sq ft building with updated roof and HVAC systems.
    • Existing tenant lease through August 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    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
    Loxley
    State
    Alabama
    Longitude
    -87.75011
    Latitude
    30.621725

    Nearby Comparable

    • Contact for pricing

      Land Near Highway 59

      Land near Highway 59 and County Road 64.
      3100 S Hickory Ln, Loxley, AL 36551
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    • $15,263,500

      490 Acres of Land

      Approximately 490 acres of land available for purchase.
      12514 Co Rd, Loxley, AL
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    • Contact for pricing

      Commercial Land on Hwy 59

      Commercial land with frontage on Hwy 59 in Loxley, AL.
      59 Hwy, Loxley, AL
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    • $4,015,000

      Loxley Land Parcel For Sale

      55.69 acres of land in Loxley, Alabama.
      30188 Co Rd, Loxley, AL
      View Details
    • $615,000

      Prime Commercial Land on Hwy 59

      1.59 acre lot with high visibility and utilities.
      59 At I-10, Loxley, AL
      View Details
    • Contact for pricing

      Highway 90 Raw Land

      354 acres of raw land near I-10.
      90 Hwy, Loxley, AL
      View Details
    • $6,250,000

      57.54 Acre Commercial Land Parcel

      57.54 acre commercial land near I-10 and Port of Mobile.
      59 Hwy, Loxley, AL
      View Details
    • Contact for pricing

      Commercial Land Near Amazon Center

      Commercial land with development potential near Amazon Distribution Center.
      32209 Al-59, Loxley, AL
      View Details
    • Contact for pricing

      Highway Frontage Development Opportunity

      3.1 acres on Hwy 59 near future traffic signal.
      31775 Al-59, Loxley, AL
      View Details
    • $8,029,000
      518.00 Acres

      Daphne Riverfront Development Tract

      518 Acres, Prime Development Land
      0 County Road 64, Loxley, AL 36551
      View Details

    Nearby Similar for Sale

    • $595,000
      3,243 SF

      Former Restaurant on Highway 59

      Restaurant with equipment and furniture included in sale.
      4600 S Hickory St, Loxley, AL 36551
      View Details

    FAQs

    What type of property is this?
    Other retail property - Prime Loxley retail space, leased through August 2025.
    Where is this other retail property located?
    The property is located at 3152 1st Ave Loxley, AL.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: Prime Loxley location near new City Hall, library, and city center.; 1,980 sq ft building with updated roof and HVAC systems.; Existing tenant lease through August 2025.
    (850) 564-0120
    Request Owner's contact information
    3152 1st Ave Loxley, AL 36551
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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
    3152 1st Ave Loxley, AL 36551
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    We can help!
    Listing Contact
    Paul Salter
    (850) 564-0120
    Learn more
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