Flex Building with
For Sale
$950,000
207 Gilmer Avenue, Tallassee, AL 36078
COMMERCIAL - Tallassee, AL
Property Size8,000 SF
Price / SF$118.75
Days on Market707
Property Features for 207 Gilmer Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business, Commercial
Parking
15
Lot features
City Lot
Middle school
,
Directions
I 85 N from Montgomery --Exit 26 --Gilmer Avenue/Hwy 14--Across from Alfa Insurance in Tallassee
Subdivision
Tallassee Area
Standard status
Active
APN
19-06-13-2-004-015000-0
Size
8,000 SF
Taxes and HOA fees
Tax Description
LOTS 99 & 100 MT VERNON SUB
Tax Annual Amount
113
Legal Description
LOTS 99 & 100 MT VERNON SUB
Building Details
Floors in Building
1
Building materials
MetalSiding
Listing Agency:
Intervest Realty Group
(334) 398-7906
Listed By:
Angel B. Miller · License #0107786
(334) 398-7906
Added: Sep 4, 2024
Changed: Aug 6
Last Checked: Aug 11 at 4:06AM
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.
Investment Insights
Based on property information with market context.
This flex property contains approximately 8,000 square feet, with office space positioned at the front and a shop area at the rear. The building has two restrooms, a roll-up door, and metal siding. A house on the property is included in the offering.
The property fronts 96 feet along Hwy 14/Gilmer Avenue in downtown Tallassee, providing a defined presence on a named roadway. Its combination of office and shop areas offers a clear separation between administrative and work functions within the existing building.
The property fronts 96 feet along Hwy 14/Gilmer Avenue in downtown Tallassee, providing a defined presence on a named roadway. Its combination of office and shop areas offers a clear separation between administrative and work functions within the existing building.
Key Highlights
- Approximately 8,000 square feet according to tax maps
- Front office area with rear shop space
- Roll‑up door and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$86,811
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
9.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,736,220
Cap Rate 7%
$1,240,157
Cap Rate 9%
$964,567
Alternative Uses
Best Use
Industrial
$1.32M
$1.16M – $1.54M
NOI $92,693 @ 7.0% cap · market cap 9.76%
Second Best
Office B
$1.27M
$1.11M – $1.48M
NOI $88,560 @ 7.0% cap · market cap 9.32%
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.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
161
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
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Flex space - Front offices and a rear shop create a practical commercial configuration.
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 according to tax maps; Front office area with rear shop space; Roll‑up door and two restrooms
