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    21 Highway 21 S Monroeville, AL 36460

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    For Sale
    $992,000

    Advance Auto Parts property with long operating history since 1995.

    Property size:
    7,000 SF
    Lot size:
    1.00 Acre

    Property Features for 21 Highway 21 S

    General Information

    Size
    7,000 SF
    Lot size
    1.00 Acre

    Source: Matthews Real Estate Investment Services | Fort Lauderdale Agent Michael Wolsiefer

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

    Overview

    Advance Auto Parts For Sale

    This property is corporately guaranteed by Advance Auto Parts Inc. The tenant, Advance Auto Parts, has been operating at this location since 1995. The property is located in an Opportunity Zone. The current rent is $74,400, which translates to $10.63 per square foot. The rent to sales ratio is 7.04%. The lease includes attractive rental increases of 15.80% in the option period, offering investors a hedge against inflation. Landlord responsibilities are limited. The property size is 7,000 square feet.
    Location Intelligence

    Current Use by Public Records

    Automotive properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroeville
    County
    Monroe
    State
    Alabama
    Longitude
    -87.323105
    Latitude
    31.527987

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    FAQs

    What type of property is this?
    Automotive property - Advance Auto Parts property with long operating history since 1995.
    Where is this automotive property located?
    The property is located at 21 Highway 21 S Monroeville, AL.
    What is the asking price?
    The asking price for this property is $992,000.
    What are key features of this property?
    This property features: - Corporately guaranteed by Advance Auto Parts Inc.; - Attractive **15.80% rental increases** in the option period, providing an inflation hedge.; - Long Operating History: Advance Auto has been at the site since 1995.
    (678) 878-1907
    Request Owner's contact information
    21 Highway 21 S Monroeville, AL 36460
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    Monroeville, AL 36460
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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
    21 Highway 21 S Monroeville, AL 36460
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