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    1087 N Hickory St Loxley, AL 36551

    View on Map
    Picture of Other office properties at 1087 N Hickory St, Loxley, AL
    For Lease
    $550 /Mo

    2,600 SF Shared Office Space For Lease

    Added:
    Mar 11, 2025
    Days on Market:
    415
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 1087 N Hickory St

    General Information

    Standard status
    Active
    Property type
    Other office properties, Office Units, Office buildings, Office properties & Spaces
    Class
    C
    Total Parking Spaces
    32
    Elevators
    N/A
    Lease Type
    Gross
    Rate Type
    Monthly

    Building Details

    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul License #FL BK3105171

    Listing office Salter Company

    Listing date Mar 11, 2025

    Overview

    Modern Loxley Office Space Available

    Located in Loxley, Alabama, this 2,600 square foot office space is situated in the DataTrust Building, approximately two miles south of I-10 on Highway 59. The renovated building features a modern industrial style and offers flexible leasing options suitable for startups, home-based professionals, or expanding companies. The space includes 11 cubicles and 3 private offices, allowing for customization. A gross lease covers all utilities, high-speed private fiber optic internet, trash removal, common area cleaning, secure building access, and access to a complimentary conference room on a first-come, first-served basis. Additional amenities include men's and women's restrooms and a break room. The building provides excellent highway visibility. This turnkey solution offers a professional and convenient workspace with a modern aesthetic. Lease terms are flexible, allowing for the rental of one or multiple units. The property is located in a prime commercial location, providing easy access to Interstate 10.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bitcoin Depot - Bitcoin ... Crypto Atm DataTrust Tower And Telecom ... Tech Support Center DataTrust Technologies Tech Support Center

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Loxley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.753403
    Latitude
    30.623298

    Nearby Similar for Lease

    • $1,750/Mo

      1,500 SF 2127 N Hickory St Loxley AL Space for Lease

      1,500 SF office space for lease on Highway 59.
      2127 North Hickory St, Loxley, AL 36551
      View Details
    • $12 SF/Yr

      Loxley Industrial Building For Rent

      43,500 SF industrial building with frontage on Hwy 59.
      8301 N Hickory St, Loxley, AL
      View Details
    • Contact for pricing

      Restaurant Space with High Visibility

      Versatile space ideal for QSR or fast-casual restaurant operation.
      13051 N Hickory St, Loxley, AL 36551
      View Details
    • $5 SF/Yr

      Loxley Warehouse with Highway Access

      Former cotton warehouses with laydown yard and highway access.
      26655 Railroad Avenue, Loxley, AL
      View Details

    FAQs

    What type of property is this?
    Office property - 2,600 SF Shared Office Space For Lease
    Where is this office property located?
    The property is located at 1087 N Hickory St Loxley, AL.
    What is the lease rate?
    The lease rate is $550 /Mo.
    (251) 501-4501
    We can help!
    Listing Contact
    Paul Salter
    Real Estate License ID: FL BK3105171
    Learn More
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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
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