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

    501 Grand Ave Sw Fort Payne, AL 35967

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $130,000

    Twelve commercial lots zoned for general business, near the courthouse.

    Lot size:
    0.81 Acres

    Property Features for 501 Grand Ave Sw

    General Information

    Standard status
    Active
    Lot size
    0.81 Acres

    We can help!

    Listing Contact
    Matthew Woods
    Source: Exprealty

    Listing Agency: Southern Properties Agency Inc Listing Agent: Matthew Woods

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

    Learn more

    Overview

    Commercial Lots Near Courthouse

    The property consists of 12 lots situated between 5th Street Grand Ave S and 6th Street Grand Avenue South. It is zoned C-4, General Business District. The location is one block from the Courthouse.
    Location Intelligence

    Current Use by Public Records

    Pink Door Boutique Women'S Clothing Store

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Payne
    County
    DeKalb
    State
    Alabama
    Longitude
    -85.719847
    Latitude
    34.445318

    Nearby Similar for Sale

    • $825,000
      1.00 Acre

      Unique Lookout Mountain Lodge

      Furnished lodge on Lookout Mountain with multiple living spaces.
      Fort Payne, AL 35967
      View Details
    • $435,000
      0.20 Acres

      Furnished Apartment Building Investment Opportunity

      Fully furnished 5-unit apartment building in historic Fort Payne, AL.
      409 2Nd St NW, Fort Payne, AL 35967
      View Details
    • $350,000
      1.50 Acres

      Restaurant Venue Near DeSoto Parkway

      Restaurant with kitchen equipment near DeSoto State Park.
      4608 Desoto Pkwy N, Fort Payne, AL 35967
      View Details
    • $2,200,000
      3.00 Acres

      Medical Office Building For Sale

      14,000 SF medical office building with three tenants.
      2202 Jordan Rd, Fort Payne, AL 35968
      View Details
    • $324,000
      0.56 Acres

      Fort Payne Commercial Opportunity

      Versatile commercial property in Fort Payne with high visibility.
      105 County Road 89, Fort Payne, AL 35967
      View Details
    • $1,720,000
      6.00 Acres

      Fort Payne Industrial Opportunity

      Commercial property ideal for distribution, manufacturing, or warehousing.
      2400 Beck Industrial Blvd, Fort Payne, AL 35968
      View Details
    • $299,900
      2,496 SF

      Fort Payne Commercial Building For Sale

      2496 sq ft commercial building in rapidly developing business district.
      1526 Gault Ave N, Fort Payne, AL 35967
      View Details
    • $215,000
      0.22 Acres

      Attractive Office on Attorney Row

      Charming office building with hardwood floors and mature landscaping.
      308 Alabama Ave SW, Fort Payne, AL 35967
      View Details
    • $159,900
      0.76 Acres

      Fort Payne Commercial Opportunity

      Church and parsonage with potential for various commercial uses.
      5028 County Road 27, Fort Payne, AL 35968
      View Details
    • $299,000
      0.20 Acres

      Downtown Fort Payne Retail Opportunity

      Open, flexible space in a high-visibility downtown location.
      107 3Rd St, Fort Payne, AL 35967
      View Details
    • $275,000
      0.11 Acres

      Professional Office Building For Sale

      Professional office building with multiple offices, waiting room, and more.
      1105 Cedarwood Dr SW, Fort Payne, AL 35968
      View Details
    • $380,000

      Downtown Fort Payne Commercial Property

      Commercial property on Gault Avenue in revitalizing downtown Fort Payne.
      112 Gault Ave N, Fort Payne, AL 35967
      View Details

    FAQs

    What type of property is this?
    Commercial land - Twelve commercial lots zoned for general business, near the courthouse.
    Where is this commercial land located?
    The property is located at 501 Grand Ave Sw Fort Payne, AL.
    What is the asking price?
    The asking price for this property is $130,000.
    What are key features of this property?
    This property features: - Zoned C-4 General Business District; - 12 Lots Included; - Location: Grand Ave S between 5th and 6th Street
    (256) 996-9144
    Request Owner's contact information
    501 Grand Ave Sw Fort Payne, AL 35967
    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.
    501 Grand Ave Sw
    Fort Payne, AL 35967
    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
    501 Grand Ave Sw Fort Payne, AL 35967
    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
    Matthew Woods
    (256) 996-9144
    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.