Tallassee Commercial Property with
207 Gilmer Avenue Tallassee, AL 36078
For Sale
$950,000
8,000 sq ft commercial property in Tallassee, Alabama.
Property Size8,000 SF
Price / SF$118.75
Days on Market691
Property Features for 207 Gilmer Avenue
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Commercial/Industrial
Listing Agency:
Intervest Realty Group
(334) 398-7906
Listed By:
Angel B. Miller · License #0107786
(334) 398-7906
Source:
Exitrealty
Added: Sep 5, 2024
Changed: Jul 6
Last Checked: Jul 26 at 9:20AM
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 Intervest Realty Group
Investment Insights
Based on property information with market context.
This commercial property offers potential and comprises 8,000 sq ft according to tax maps. The facility includes two restrooms and a roll-up door. A house is also located on the property. The property has 96 ft of road frontage on Hwy 14/Gilmer Avenue, situated right downtown in Tallassee, Alabama. The layout features offices in the front and a shop in the back of the facility.
Key Highlights
- Prime commercial location right downtown in desirable Tallassee, Alabama.
- High traffic exposure with 96 ft of road frontage on Hwy 14/Gilmer Avenue.
- Substantial 8000 sq ft of commercial space.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $142.1k | $17.76 |
| − Vacancy | −$8.5k | −$1.07 |
| EGI | $133.6k | $16.69 |
| − OpEx | −$46.7k | −$5.84 |
| NOI | $86.8k | $10.85 |
8,000 SF · lease $17.76/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Warehouse
$1.61M
$1.41M – $1.88M
NOI $112,556 @ 7.0% cap · market cap 11.85%
Second Best
Industrial
$1.32M
$1.16M – $1.54M
NOI $92,693 @ 7.0% cap · market cap 9.76%
Theoretical Best
Office A
$1.66M
$1.45M – $1.94M
NOI $116,122 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Bonner's Medical Supply
Medical Clinic
FAQs
What type of property is this?
Flex space - 8,000 sq ft commercial property in Tallassee, Alabama.
Where is this flex space located?
The property is located at 207 Gilmer Avenue Tallassee, AL.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime commercial location right downtown in desirable Tallassee, Alabama.; High traffic exposure with 96 ft of road frontage on Hwy 14/Gilmer Avenue.; Substantial 8000 sq ft of commercial space.
