Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Corner Lot with B-2 Zoning Title is generated by Realmo AI

    315 Lee W Street, Chickasaw, AL 36611

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $174,900

    Highly visible corner lot zoned B-2 with ample parking.

    Type:Commercial/Industrial
    Lot size:
    0.41 Acres
    Added:
    Mar 12, 2026
    Days on Market:
    71
    Last Refresh:
    Apr 5 at 8:16 pm

    Property Features for 315 Lee W Street

    General Information

    Standard status
    Active
    Lot size
    0.41 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1993

    We can help!

    Listing Contact
    Cynthia Byrd
    Cynthia Byrd

    Listing agent Cynthia Byrd License #40705

    Listing office Ty Irby Realty & Development

    Listing date Mar 12, 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 Ty Irby Realty & Development

    HighLights

    • B‑2 zoning allows for car lot, dine‑in restaurant, or bar (with restrictions).
    • Highly visible corner lot location at W. Lee St. and Grand Blvd., just off the Interstate.
    • Ample asphalt parking space available.
    • Property size is close to a half acre.
    • Existing interior can be re‑purposed.
    • Adjacent lot available for additional purchase (MLS#7515345) without the same restrictions.

    Overview

    This property, formerly a convenience store, is zoned B-2 by the City of Chickasaw, with additional restrictions. It is situated on a highly visible corner lot at W. Lee St. and Grand Blvd., just off the Interstate. The property is located on close to a half acre and features asphalt parking. Potential uses include a car lot, dine-in restaurant, or bar, with the possibility of re-purposing the existing interior. The adjacent lot is also available for an additional price and is not subject to the same restrictions.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Chickasaw
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0761
    Latitude
    30.7608

    Nearby Similar for Sale

    • $119,900

      Chickasaw Income Property with Renovation

      Two-unit income property in Chickasaw, ideal for investors.
      312 7th Street, Chickasaw, AL 36611
      View Details
    • $399,900
      10,440 SF

      10,440 SF 234 CRAFT Highway Retail For Sale

      10,440 SF retail/office/warehouse on 1.95 acres in Chickasaw, AL.
      234 S Craft Hwy, Chickasaw, AL 36611
      View Details
    • $875,000
      25,000 SF

      25,000 SF Shopping Center for Sale

      25,000 SF shopping center with high traffic in Chickasaw.
      118 North Craft Highway, Chickasaw, AL 36611
      View Details
    • $875,000
      25,000 SF

      25,000 SF Shopping Center for Sale

      25,000 SF shopping center with high traffic in Chickasaw.
      118 North Craft Highway, Chickasaw, AL 36611
      View Details
    • $89,900

      Chickasaw Duplex in Historical District

      Charming duplex in Chickasaw's historical district, great investment opportunity.
      308 Lee Street, Chickasaw, AL 36611
      View Details
    • $119,900

      Chickasaw Income Property with Potential

      Two-unit property in West Village with renovation potential.
      312 7th Street, Chickasaw, AL 36611
      View Details
    • $1,999,000
      40,616 SF

      Chickasaw Warehouse with Silos

      40,616 SF warehouse on 2.3 acres with silos.
      Telegraph Rd 1512, Chickasaw, AL
      View Details
    • $1,195,000

      High Bay Warehouse For Sale

      High bay warehouse with office space in Chickasaw, Alabama.
      510 N Craft Hwy, Chickasaw, AL
      View Details
    • $139,000
      3,480 SF

      3,480 SF Industrial For Sale - 101 West Lee St.

      Fully occupied self-storage complex with strong rental history in Chickasaw.
      101 W Lee St, Chickasaw, AL 36611
      View Details
    • $139,000
      3,480 SF

      3,480 SF Industrial For Sale - 101 West Lee St.

      Fully occupied self-storage complex with strong rental history in Chickasaw.
      101 W Lee St, Chickasaw, AL 36611
      View Details
    • $875,000
      25,000 SF

      Retail Building with Vacant Space

      Retail building featuring occupied and vacant spaces, plus unimproved lot.
      118 North Craft Highway, Chickasaw, AL
      View Details
    • $399,900
      10,440 SF

      Craft Highway Warehouse Opportunity

      Office and warehouse space on 1.91 acres.
      234 S Craft Hwy, Chickasaw, AL
      View Details

    FAQs

    What type of property is this?
    Grocery and convenience store - Highly visible corner lot zoned B-2 with ample parking.
    Where is this grocery and convenience store located?
    The property is located at 315 Lee W Street Chickasaw, AL.
    What is the asking price?
    The asking price for this property is $174,900.
    What are key features of this property?
    This property features: B‑2 zoning allows for car lot, dine‑in restaurant, or bar (with restrictions).; Highly visible corner lot location at W. Lee St. and Grand Blvd., just off the Interstate.; Ample asphalt parking space available.
    (251) 649-1000
    We can help!
    Listing Contact
    Cynthia Byrd
    Cynthia Byrd
    Real Estate License ID: 40705
    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
    315 Lee W Street, Chickasaw, AL 36611
    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!