Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Updated Office Space in Florence Title is generated by Realmo AI

    109 N Court St, Florence, AL 35630

    View on Map
    Claim this Listing
    For Sale
    $1,300,000

    SINGLE_FAMILY - Florence, AL

    Type:Office
    Property size:
    7,962 SF
    Lot size:
    0.18 Acres
    Price / SF:
    $163/SF
    Added:
    Mar 17, 2025
    Days on Market:
    432
    Last Refresh:
    May 22 at 1:06 am

    Property Features for 109 N Court St

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    00 Commercial
    Bathrooms
    4
    Rooms
    Bathroom 3, Bathroom 4, Basement, Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    24-02-10-4-009-005.000
    Size
    7,962 SF
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    28' X 156.75' CITY OF FLORENCE PART LOT 75
    Tax Annual Amount
    12050

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1946

    We can help!

    Listing Contact
    Judy Young

    Listing agent Judy Young License #000018380

    Listing office The Agency on Pine 417 N Pine Street, Florence, AL

    Listing date Mar 17, 2025

    MLS# 521507

    Copyright © 2026 Strategic MLS Alliance, INC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Potential rental income from upstairs offices and conference room
    • Updated building ready for immediate occupancy
    • New HVAC system
    • New Duralast roof with commercial warranty
    • New water piping and water heater
    • Located in downtown Florence

    Overview

    This updated office building is located in downtown Florence and offers immediate move-in readiness. The property presents opportunities for rental income through its upstairs offices and a large conference room. The conference room features a garage door that can be raised to overlook Court Street. The building includes a new HVAC system, a new Duralast roof with a commercial warranty, new water piping, and a new water heater. An elevator shaft is present. The lot size is 0.18 acres and the property size is 7962 square feet. The zoning is 00 Commercial.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specs Downtown Eye Care Center Florence Building Company Construction Company Dr. Barry Basden Physician Barry Rayford Basden Physician Marty Chadwick Brewer Physician

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.6765654
    Latitude
    34.8004204

    Nearby Similar for Sale

    • $1,485,000
      6,194 SF

      High-Visibility Commercial Opportunity in Florence

      Premier commercial space with flexible layout and expansion potential.
      727 Cox Creek Pkwy, Florence, AL 35630
      View Details
    • $399,900
      2,259 SF

      Versatile Commercial Building in Florence

      High-visibility commercial building with ample parking and updated facilities.
      121 S Chestnut Street, Florence, AL 35630
      View Details
    • $1,175,000
      8,750 SF

      Downtown Florence Commercial Office Building

      High-traffic commercial building in downtown Florence, ideal for various uses.
      302 W Dr Hicks Blvd, Florence, AL 35630
      View Details
    • $2,950,000
      14,477 SF

      Downtown Florence Medical Office Building

      2.5-story medical office building in high-traffic downtown Florence.
      201 E Dr Hicks Blvd, Florence, AL 35630
      View Details
    • $449,900
      1,595 SF

      Renovated Commercial Building in Florence

      Move-in ready commercial space with recent HVAC and roof updates.
      715 Cox Creek Pkwy, Florence, AL 35630
      View Details
    • $1,950,000
      28,429 SF

      Spacious Downtown Florence Commercial Facility

      37,579 SF facility on 1.44 acres in downtown Florence.
      502 S Court St, Florence, AL 35630
      View Details
    • $815,000
      3,000 SF

      Florence Estate with Horse Barn

      11-acre Florence estate featuring a custom home and horse barn.
      250 Old Orchard Rd, Florence, AL 35634
      View Details
    • $315,000
      3,300 SF

      Five-Unit Multifamily Near UNA

      Five-unit apartment building near UNA, with income potential.
      727 Sherrod Avenue, Florence, AL 35630
      View Details
    • $269,900
      3,078 SF

      Renovated Triplex Near UNA

      Fully renovated triplex near UNA and downtown Florence.
      304 Plum St, Florence, AL 35630
      View Details
    • $350,000
      3,906 SF

      Well-Maintained Church Building on 0.86 Acres

      Church building suitable for ministries with indoor and outdoor space.
      3651 Cole Ave, Florence, AL 35630
      View Details
    • $225,000
      2,200 SF

      Florence Multifamily Investment Opportunity

      Four-unit property near UNA, ideal for investment or Airbnb.
      213 E Mattielou St, Florence, AL 35630
      View Details
    • $357,000
      2,627 SF

      Equipped Convenience Store on Busy Road

      Well-located, equipped convenience store with recent updates.
      2614 Huntsville Road, Florence, AL 35811
      View Details

    FAQs

    What type of property is this?
    Office building - Move-in ready office space with rental income potential.
    Where is this office building located?
    The property is located at 109 N Court St Florence, AL.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Potential rental income from upstairs offices and conference room; Updated building ready for immediate occupancy; New HVAC system
    (256) 648-5922
    We can help!
    Listing Contact
    Judy Young
    Real Estate License ID: 000018380
    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

    Thank You for Inquiry
    109 N Court St, Florence, AL 35630
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!