Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    315 E ridgeley street Atmore, AL

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    37,000 SF warehouse with office and covered delivery space.

    Type:FLEX_R_AND_D
    Property size:
    27,000 SF
    Lot size:
    1.88 Acres
    Price / SF:
    $36/SF
    Added:
    Mar 1, 2024
    Days on Market:
    793
    Last Refresh:
    Apr 5 at 8:29 pm

    Property Features for 315 E ridgeley street

    General Information

    Standard status
    Active
    Size
    27,000 SF
    Lot size
    1.88 Acres
    Property subtype
    FLEX_R_AND_D

    We can help!

    Listing Contact
    Brandon Broadus, CCIM

    Listing agent Brandon Broadus, CCIM

    Listing office CRE Mobile

    Listing date Mar 1, 2024

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of CRE Mobile

    Overview

    Atmore Warehouse with Covered Space

    This property features a total of 37,000 square feet situated on 2 acres. It includes 3,000 square feet of office space, containing 3 offices, a kitchen, and a commercial sink. The warehouse component offers 24,000 square feet, complemented by a 10,000 square foot covered work or delivery space. The property is zoned for General Business in Atmore. The warehouse has a ceiling height of 20 to 25 feet and is equipped with 3 loading docks and 3 drive-in doors. It features 3-phase power at 480V and a negative well with space for 3 trucks. All utilities are available to the site, and the yard is fenced. The property is located 6.5 miles south of I-65.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Atmore
    County
    Escambia
    State
    Alabama
    Longitude
    -87.488
    Latitude
    31.0259

    Nearby Similar for Sale

    • $499,000
      10,000 SF

      Versatile Warehouse on 5 Acres

      10,000+ SF warehouse on 5 acres near Alabama/Florida line.
      1808 S Main Street, Atmore, AL 36502
      View Details
    • $349,000
      3,000 SF

      Modern Commercial Building in Atmore

      Spacious 3,000 SF commercial property in a thriving medical community.
      810 E Craig Street, Atmore, AL 36502
      View Details
    • $600,000
      22,000 SF

      Historic Building with Income Potential

      Versatile space with renovated offices and income-producing storage units.
      505 N Main Street, Atmore, AL 36502
      View Details
    • $350,000
      5,416 SF

      Updated Warehouse with Office Space

      Income-producing warehouse with office on 5 acres near Florida.
      1825 S Main Street, Atmore, AL 36502
      View Details
    • $799,500
      11,103 SF

      Exceptional Commercial Building Near I-65

      11,103 SF commercial building near I-65 in Atmore, AL.
      5060 Jack Springs Road, Atmore, AL 36502
      View Details
    • $105,000
      3,329 SF

      Versatile Commercial Property in Atmore

      Adaptable commercial space suitable for various business ventures.
      149 Carver Avenue, Atmore, AL 36502
      View Details
    • $165,000

      Land with Oversized Metal Building

      9.75+/- acres with metal building near Atmore, Alabama.
      Mccullough Rd lot: 3, Atmore, AL 36502
      View Details
    • $300,000
      4,800 SF

      Downtown Atmore Retail/Commercial Space

      4,800+ sqft commercial property in Atmore's Historic Downtown.
      111 W Ridgeley Street, Atmore, AL 36502
      View Details
    • $200,000
      7,860 SF

      High-Traffic Commercial Building For Sale

      7,860 SF commercial building suitable for retail or warehousing.
      332 N Trammell Street, Atmore, AL 36502
      View Details
    • $365,000
      8,110 SF

      Retail/ Wholesale/ Warehouse Building with 1.68+/- AC For Sale

      8110 sq ft building on 1.68 acres in Atmore, AL.
      507 N Main St, Atmore, AL 36502
      View Details
    • $365,000
      8,110 SF

      Retail/ Wholesale/ Warehouse Building with 1.68+/- AC For Sale

      8110 sq ft building on 1.68 acres in Atmore, AL.
      507 N Main St, Atmore, AL 36502
      View Details
    • $315,000
      4,836 SF

      4,836 SF Premium Retail Space on Trendy Street For Sale

      4,836 square foot retail space in Atmore's thriving downtown.
      111 W Ridgeley St, Atmore, AL 36502
      View Details

    FAQs

    What type of property is this?
    Flex space - 37,000 SF warehouse with office and covered delivery space.
    Where is this flex space located?
    The property is located at 315 E ridgeley street Atmore, AL.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: 37,000 SF total space on 2 AC (24,000 SF warehouse, 3,000 SF office, 10,000 SF covered space); Zoned General Business - Atmore; **3 loading docks & 3 drive‑in doors**
    (251) 288-7786 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brandon Broadus, CCIM
    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

    315 E ridgeley street, Atmore, AL

    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!