Add Listing
    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

    221 County Rd 3320 Brundidge, AL 36010

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $830,000

    Value-add multifamily property near Troy University in Pike County, Alabama.

    Type:Multifamily
    Added:
    Feb 16, 2026
    Days on Market:
    44
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 221 County Rd 3320

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Alex Kyriazis
    Alex Kyriazis

    Listing agent Alex Kyriazis License #000121269-0

    Listing office LAH Commercial Real Estate Mountain Brook

    Listing date Feb 16, 2026

    Source Crexi

    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 LAH Commercial Real Estate Mountain Brook

    Overview

    16-Unit Multifamily Investment Opportunity

    This 16-unit multifamily property is located in Pike County, Alabama, approximately 16 minutes from Troy University. The property features four 3BR/1BA units and twelve 2BR/1BA units, along with an on-site coin-operated laundry facility. Thirteen of the sixteen units have been renovated and are currently rented. The remaining three units require moderate renovation, presenting a value-add opportunity. Current rents are slightly below market value. The property operates using a well-maintained well and septic system. Each unit is separately metered and equipped with central heat and air. The property is located approximately 2 miles from the Walmart Distribution Center and the Southern Classic Food Center, and less than 20 minutes from major employers in Troy, AL. This property is being offered as a value-add multifamily opportunity.
    Location Intelligence

    Current Use by Public Records

    Big Oaks Apartments Apartment Building Father & Sonz Automotive Car Dealership

    Suggested Use

    Auto Repair Shop Auto Parts Store Grocery & Convenience Store Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Brundidge
    County
    Pike
    State
    Alabama
    Longitude
    -85.8285264
    Latitude
    31.6801067

    Nearby Similar for Sale

    • $210,000
      8,368 SF

      Historical Retail Property on Main

      Over 8,000 SF retail space in Brundidge, Alabama.
      111 South Main Street, Brundidge, AL 36010
      View Details
    • $650,000
      3,404 SF

      Brundidge Multifamily Portfolio For Sale

      Multifamily portfolio in Brundidge, Alabama with multiple rental units.
      0 East Troy Street, Brundidge, AL 36010
      View Details
    • $240,000
      4,545 SF

      Brundidge Commercial Building For Sale

      Commercial building in Brundidge, AL with city-maintained parking.
      120 North Main Street, Brundidge, AL 36010
      View Details
    • $99,500
      1,700 SF

      Historic Brundidge Commercial Building

      Renovated 1880 building suitable for retail or other commercial use.
      104 South Main Street, Brundidge, AL 36010
      View Details
    • $34,900
      1,670 SF

      Main Street Storefront with Warehouse

      Storefront with offices and warehouse space on Main Street.
      106 South Main Street, Brundidge, AL 36010
      View Details
    • $125,000
      7,236 SF

      Downtown Brundidge Commercial Opportunity

      Freestanding building in downtown Brundidge with high visibility and ample parking.
      159 S Main Street, Brundidge, AL 36010
      View Details
    • $95,500
      1,458 SF

      Main Street Commercial Opportunity

      Commercial property on Main Street in Brundidge, Alabama.
      606 Main Street, Brundidge, AL 36010
      View Details
    • $229,500
      2,400 SF

      Restaurant/Convenience Store Opportunity

      Turnkey restaurant and convenience store near poultry plant.
      5661 County Road 114, Brundidge, AL 36346
      View Details
    • $39,900

      Storefront Opportunity on Main Street

      Storefront property, formerly a pharmacy, with endless possibilities.
      107 S Main Street, Brundidge, AL 36010
      View Details
    • $90,000
      3,297 SF

      Brundidge Commercial Property For Sale

      3,297 SF commercial property on 24.3 acres in Brundidge, AL.
      0 Hwy 93, Brundidge, AL 36010
      View Details

    FAQs

    What type of property is this?
    Apartment building - Value-add multifamily property near Troy University in Pike County, Alabama.
    Where is this apartment building located?
    The property is located at 221 County Rd 3320 Brundidge, AL.
    What is the asking price?
    The asking price for this property is $830,000.
    What are key features of this property?
    This property features: Value‑add opportunity: 3 units need moderate rehab, current rents slightly under market.; Located in fast‑growing Pike County, Alabama, only 16 minutes from Troy University.; Consists of 16 units: four 3BR/1BA and twelve 2BR/1BA.
    (205) 870-8580
    We can help!
    Listing Contact
    Alex Kyriazis
    Alex Kyriazis
    Real Estate License ID: 000121269-0
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!