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

    19905 N 3rd St Citronelle, AL

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

    2.54 acres with a 6,000 SF building in Citronelle.

    Type:RETAIL
    Property size:
    3 SF
    Lot size:
    2.11 Acres
    Price / SF:
    $176,771/SF
    Added:
    Feb 10, 2025
    Days on Market:
    444
    Last Refresh:
    Apr 5 at 8:43 pm

    Property Features for 19905 N 3rd St

    General Information

    Standard status
    Active
    Size
    3 SF
    Lot size
    2.11 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Tim Herrington
    Tim Herrington

    Listing agent Tim Herrington License #71902

    Listing office Herrington Realty, Inc

    Listing date Feb 10, 2025

    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 Herrington Realty, Inc

    Overview

    Citronelle Land with Retail Building

    This property offers 2.54 acres of land in Citronelle, Alabama, situated directly on Highway 45. The location is in the heart of Citronelle, near the intersection of Highway 45 and Forrest Street. The land includes a 6,000 square foot building with existing utility connections and HVAC throughout.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Citronelle
    County
    Mobile
    State
    Alabama
    Longitude
    -88.2398
    Latitude
    31.1068

    Nearby Similar for Sale

    • $14,500

      Residential Land Near Golf Course

      Residential land near Mill Creek Golf Course in Citronelle, Alabama.
      10835 Mitt Drive, Citronelle, AL 36522
      View Details
    • $15,000

      Citronelle Land with Development Potential

      Unrestricted land parcel suitable for development in Citronelle, Alabama.
      Frazier Cemetery Road, Citronelle, AL 36522
      View Details
    • $95,000

      Citronelle Vacant Land Opportunity

      9.53 acres of land ready for your dream home.
      0 Celeste Road, Citronelle, AL 36522
      View Details
    • $25,000

      Secluded Land in Citronelle, AL

      Almost 4 acres of secluded land for sale.
      Pinecrest Cemetery Road, Citronelle, AL 36522
      View Details
    • $90,000

      Unrestricted Acreage in Citronelle, Alabama

      Corner lot perfect for building a home or mini-farm.
      Beverly Jeffries Highway, Citronelle, AL 36522
      View Details
    • $300,000
      2,386 SF

      2,386 SF Coffee Shop / Restaurant / Cafe for Sale in Citronelle, Alabama

      2,386 SF Citronelle, AL cafe/restaurant for sale.
      19115 S 3rd St, Citronelle, AL 36522
      View Details
    • $399,000

      Citronelle Retail/Warehouse Opportunity

      Retail/warehouse building on Highway 45 in Citronelle, Alabama.
      19850 N 3rd St, Citronelle, AL
      View Details
    • $259,900

      Citronelle Commercial Lot on Hwy 45

      1.36-acre commercial property with 245 feet of Hwy 45 frontage.
      19650 N 3rd Street, Citronelle, AL 36522
      View Details
    • $28,500

      Citronelle Land Parcel For Sale

      Wooded 6.47 acre land parcel on Beverly Jeffries Highway.
      Beverly Jeffries Highway, Citronelle, AL 36522
      View Details
    • $219,999

      Wooded Land Perfect for Hunting

      20-acre wooded tract ideal for recreation or homesite.
      12751 BEVERLY JEFFERIES Highway, Citronelle, AL 36522
      View Details
    • $63,000

      Citronelle Acreage with Utilities

      13.3 acres in Citronelle with power and water available.
      20990 Lonnie Walker Road, Citronelle, AL 36522
      View Details
    • $349,379
      3,000 SF

      Fully Leased Quadruplex on Acreage

      Investment opportunity: fully leased quadruplex on over 1.5 acres.
      8135 E State St, Citronelle, AL 36522
      View Details

    FAQs

    What type of property is this?
    Retail space - 2.54 acres with a 6,000 SF building in Citronelle.
    Where is this retail space located?
    The property is located at 19905 N 3rd St Citronelle, AL.
    What is the asking price?
    The asking price for this property is $449,000.
    What are key features of this property?
    This property features: 2. 54 +/- acres of land; Located directly on Highway 45; In the heart of Citronelle, Alabama
    (251) 510-2277 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tim Herrington
    Tim Herrington
    Real Estate License ID: 71902
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!