Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    122 N Main St Atmore, AL 36502

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $225,000

    Circa 1920s retail building with warehouse space for sale.

    Property size:
    6,328 SF
    Lot size:
    0.23 Acres

    Property Features for 122 N Main St

    General Information

    Size
    6,328 SF
    Lot size
    0.23 Acres

    We can help!

    Listing Contact
    Debbie Rowell
    Source: Moodyscre

    Listing Agent: Debbie Rowell

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

    Learn more

    Property Insight Report

    Overview

    Historic Retail Building with Warehouse

    This circa 1920s historic retail building with warehouse space is located in Atmore, Alabama. The building's design allows for multiple uses, including retail, restaurant, professional offices, and entertainment. Currently, the property is occupied as a retail sales center for residential and commercial flooring, featuring showroom space, private office space, and a warehouse area for inventory storage. The showroom area has 9-foot ceiling heights and central heat and air-conditioning. The warehouse area features 16-foot ceiling heights and a 10-foot roll-up door at the rear of the building. The wiring was upgraded and converted from 3-phase to single-phase power approximately within the last 8 years. The plate glass windows have been replaced with tempered glass. A Duro-Last commercial roof was installed in 2005. The property is in good condition. Parking includes street parking, fenced-in parking directly behind the building, and a public parking lot adjacent to the building. The property size is approximately 6,328 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Atmore Carpet Services Flooring Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Atmore
    County
    Escambia
    State
    Alabama
    Longitude
    -87.494089
    Latitude
    31.023661

    Nearby Similar for Sale

    • $280,000
      2,111 SF

      Turn-Key Restaurant on Highway 21

      Established restaurant for sale in high-traffic Atmore location.
      2989 Highway 21, Atmore, AL 36502
      View Details
    • $350,000
      5,461 SF

      Versatile Warehouse with Office Space

      Updated, income-producing warehouse with office on 5 acres.
      1825 S Main St, Atmore, AL 36502
      View Details
    • $179,999
      2,400 SF

      Historic Building on Main Street

      2,400 sq ft historic building in downtown Atmore, Alabama.
      105 N Main St, Atmore, AL 36502
      View Details
    • $300,000
      4,836 SF

      Downtown Atmore Retail Space Opportunity

      Versatile retail space in Atmore's vibrant downtown business district.
      111 W Ridgeley St, Atmore, AL 36502
      View Details
    • $155,000
      1,254 SF

      Move-In Ready Home with Pool

      Well-maintained 3-bedroom home with new A/C, appliances, and pool.
      511 E Pine St, Atmore, AL 36502
      View Details
    • $275,000
      8,110 SF

      Retail/Wholesale/Warehouse Building on 1.68 Acres

      8100 SF building on 1.68 acres with high visibility.
      507 N Main St, Atmore, AL 36502
      View Details
    • $185,000
      2,760 SF

      Atmore Storefront Opportunity For Sale

      Versatile storefront in Atmore's business corridor, suitable for various uses.
      110 S Pensacola Ave, Atmore, AL 36502
      View Details
    • $375,000
      10,800 SF

      Established Retail Building For Sale

      Well-established 10,800 SF retail building with ample parking.
      9828 Us 31, Atmore, AL
      View Details
    • $600,000
      22,133 SF

      Historic Building with Income Potential

      Expansive historic building with renovated office space and storage units.
      505 N Main St, Atmore, AL 36502
      View Details
    • $125,000
      3,108 SF

      Versatile Commercial Building Near I-65

      3,100+ sq ft building suitable for retail or distribution.
      3186 Jack Springs Rd, Atmore, AL 36502
      View Details
    • $389,000
      3,000 SF

      Updated Office Space with Storage

      Multipurpose building with office and storage in excellent condition.
      810 E Craig St, Atmore, AL 36502
      View Details
    • $990,000
      27,000 SF

      Atmore Warehouse with Covered Space

      37,000 SF warehouse with office and covered delivery space.
      315 E Ridgeley St, Atmore, AL 36502
      View Details

    FAQs

    What type of property is this?
    Retail space - Circa 1920s retail building with warehouse space for sale.
    Where is this retail space located?
    The property is located at 122 N Main St Atmore, AL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Prime location in the heart of Atmore, Alabama; - Versatile building suitable for retail, restaurant, office, or entertainment use; - Warehouse space with 16' ceilings and a 10' roll-up door
    (251) 368-4397
    Request Owner's contact information
    122 N Main St Atmore, AL 36502
    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.
    122 N Main St
    Atmore, AL 36502
    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
    122 N Main St Atmore, AL 36502
    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

    We can help!
    Listing Contact
    Debbie Rowell
    Real Estate License ID: 16927
    (251) 368-4397
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.