Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Downtown Prattville Commercial Building Title is generated by Realmo AI

    306 Upper Kingston Road, Prattville, AL 36067

    View on Map
    Claim this Listing
    For Sale
    $200,000

    Corner-lot property with redevelopment potential in downtown Prattville.

    Type:Commercial/Industrial
    Property size:
    7,167 SF
    Price / SF:
    $27/SF
    Added:
    Feb 16, 2026
    Days on Market:
    105
    Last Refresh:
    Apr 7 at 10:31 pm

    Property Features for 306 Upper Kingston Road

    General Information

    Standard status
    Active
    Size
    7,167 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1959

    We can help!

    Listing Contact
    Sullivan N. Schroeder

    Listing agent Sullivan N. Schroeder License #000147522

    Listing office Riverview Real Estate

    Listing date Feb 16, 2026

    Source Exitrealty

    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 Riverview Real Estate

    HighLights

    • Iconic downtown Prattville location on a corner lot.
    • Ample parking available both in front and behind a gated area.
    • Large commercial building with flexible space and endless potential for reimagining.
    • Close proximity to Spillway Park and the Cotton Gin.
    • Zoned Light Industrial, offering various business possibilities.
    • Opportunity to transform a well‑known landmark property.

    Overview

    Located in downtown Prattville, near Spillway Park and the Cotton Gin, this corner-lot commercial building offers redevelopment potential. The property, situated at the split on Court Street, is a well-known landmark. The building provides space suitable for office or creative purposes. Parking is available both in front and behind a gated area. The property is currently zoned Light Industrial, and preliminary discussions regarding potential zoning changes have occurred with the City of Prattville, though any changes would be subject to city approval and required updates. The building has a total size of 7167 square feet.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Prattville
    County
    Autauga
    State
    Alabama
    Longitude
    -86.5564
    Latitude
    32.5081

    Nearby Similar for Sale

    • $950,000
      4,815 SF

      Class A Office Building

      Class A office building with long-term tenant and flexible layout.
      114 Medical Center Drive, Prattville, AL 36066
      View Details
    • $320,000

      Church Facility with Sanctuary

      Well-equipped church facility with sanctuary, hall, classrooms, and offices.
      1353 Reed Street, Prattville, AL 36067
      View Details
    • $1,388,358
      10,640 SF

      Dollar General Plus For Sale

      Dollar General Plus in Montgomery MSA, absolute net lease.
      1986 Co Rd 57, Prattville, AL 36067
      View Details
    • Contact for pricing
      30,505 SF

      High-Traffic Shopping Center Space Available

      Prime retail space in busy Prattville shopping center.
      703-719 E Main Street | Prattville, AL 36067
      View Details
    • $144,900
      1,726 SF

      Potential Office Building For Sale

      Office building with great potential in a prime location.
      1110 E Main Street, Prattville, AL 36066
      View Details
    • Contact for pricing
      700 SF

      Freestanding Drive-Thru in Retail Corridor

      Former coffee drive-thru in Prattville's retail hub.
      400 S Memorial Dr, Prattville, AL 36067
      View Details
    • $1,800,000
      8,125 SF

      Prattville Office Building For Sale

      Office building in growing retail corridor with easy highway access.
      270 Interstate Hwy Park Loop, Prattville, AL 36066
      View Details
    • $89,900
      1,554 SF

      Prattville Commercial Building For Sale

      1554 SF building on 0.5 acre lot in Prattville, AL.
      1717 S Memorial Drive, Prattville, AL 36067
      View Details
    • $89,900
      1,550 SF

      Restaurant Building on Half Acre

      1550 SF restaurant on 0.5 acre lot for sale.
      1717 S Memorial Drive, Prattville, AL 36067
      View Details

    FAQs

    What type of property is this?
    Flex space - Corner-lot property with redevelopment potential in downtown Prattville.
    Where is this flex space located?
    The property is located at 306 Upper Kingston Road Prattville, AL.
    What is the asking price?
    The asking price for this property is $200,000.
    What are key features of this property?
    This property features: Iconic downtown Prattville location on a corner lot.; Ample parking available both in front and behind a gated area.; Large commercial building with flexible space and endless potential for reimagining.
    (334) 462-5263
    We can help!
    Listing Contact
    Sullivan N. Schroeder
    Real Estate License ID: 000147522
    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

    Thank You for Inquiry
    306 Upper Kingston Road, Prattville, AL 36067
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!