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    949 Alabama Highway 203 Elba, AL 36323

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    For Lease
    $8 SF/Yr ($18,333 /Mo)

    Retail suites available for lease with developable land.

    Property size:
    27,500 SF
    Lot size:
    27,500 SF

    Property Features for 949 Alabama Highway 203

    General Information

    Size
    27,500 SF

    Building Details

    Year built
    1999

    Source: Vanessa Morris Agent Vanessa Morris

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

    Overview

    Retail Suites For Lease

    Three suites ranging from 985 to 2500 square feet are available for lease. The property features excess developable land and a history of high occupancy rates with a strong tenant mix. Recent property repairs and updates contribute to minimal maintenance requirements. The frontage road has been recently expanded to a four-lane highway.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Elba
    County
    Coffee
    State
    Alabama
    Longitude
    -86.081739
    Latitude
    31.405609

    Nearby Similar for Lease

    • $8 SF/Yr
      27,500 SF

      Retail Space in Elba, Alabama

      Neighborhood shopping center with available suites and below market rents.
      987 Al-203, Elba, AL 36323
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail suites available for lease with developable land.
    Where is this shopping center located?
    The property is located at 949 Alabama Highway 203 Elba, AL.
    What is the lease rate?
    The lease rate is $8 SF/Yr.
    What are key features of this property?
    This property features: - Low price per sq. ft.; - Excess developable land included.; - Long history of tenants with consistently high occupancy rates.
    (205) 447-1728
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    Realmo Value Estimation

    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.

    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.

    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
    949 Alabama Highway 203 Elba, AL 36323
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