Flex Space with Roll-Up
207 Gilmer Avenue, Tallassee, AL 36078
For Sale
$950,000
CommercialSale, Tallassee, AL
Property Size8,000 SF
Price / SF$118.75
Days on Market799
Property Features for 207 Gilmer Avenue
General Information
Property type
Property subtype
Zoning description
Parking
Lot features
Middle school
Directions
Subdivision
Standard status
APN
Size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Building Details
Floors in Building
Building materials
Listing Agency:
Intervest Realty Group
Listed By:
Angel B. Miller · License AL #0107786
(334) 398-7906
Added: Sep 4, 2024
Changed: Oct 16
Last Checked: Nov 11 at 8:06PM
MLS# 563216
Copyright © 2026 Montgomery Area Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This flex-space property includes an approximately 8,000-square-foot commercial building with offices positioned at the front and a shop area behind them. The facility has two restrooms, a roll-up door, and metal siding. A house on the property is included in the sale.
The site provides 96 feet of road frontage along Hwy 14/Gilmer Avenue in Tallassee, Alabama. Its configuration brings office and shop areas together within one commercial property, with the additional house included as part of the offering.
The site provides 96 feet of road frontage along Hwy 14/Gilmer Avenue in Tallassee, Alabama. Its configuration brings office and shop areas together within one commercial property, with the additional house included as part of the offering.
Key Highlights
- Approximately 8,000 square feet of commercial space
- Front office area and rear shop configuration
- Roll‑up door and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,811
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,736,220
$1.7M
Cap Rate 7%
$1,240,157
$1.2M
Cap Rate 9%
$964,567
$964.6K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$142.1K $17.76/SF
− Vacancy
−$8.5K −$1.07/SF
EGI
$133.6K $16.69/SF
− OpEx
−$46.7K −$5.84/SF
NOI
$86.8K $10.85/SF
Area
Elmore County, AL
Vacancy
6.00%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,736,220
Cap Rate 7%
$1,240,157
Cap Rate 9%
$964,567
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
214
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 36078, AL
13,604
Population
5,991
Households
2.3
Avg Household Size
42
Median Age
18%
College-Educated
91%
High-School Grad
177.4 sq mi
ZIP Area
77
Density / Sq Mi
$67,700
Median Household Income
$41,310
Median Earnings
$842
Median Rent
$175,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial building combines front offices, a rear shop, two restrooms, and an included house.
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: Approximately 8,000 square feet of commercial space; Front office area and rear shop configuration; Roll‑up door and two restrooms
