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    Versatile Commercial Corner Lot Title is generated by Realmo AI

    509 Hwy 19, Red Bay, AL 35582

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    Claim this Listing
    New
    For Sale
    $150,000

    COMMERCIAL - Red Bay, AL

    Property size:
    1,530 SF
    Lot size:
    0.23 Acres
    Price / SF:
    $98/SF
    Added:
    Jun 5, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 8 at 12:06 am

    Property Features for 509 Hwy 19

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B2
    Parking
    5
    Standard status
    Active
    APN
    07042040000590000
    Size
    1,530 SF
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2027
    Tax Description
    .23 ACC. IN SW4 OF SE4 OF SEC. 20 T7S R15W: COM. AT INT. OF SLY ROW OF ALA. ST. HWY 24 AND ELY ROW OF 9TH STREET EAST; TH S ALONG 9TH
    Tax Annual Amount
    2270

    Utilities

    Utilities
    Cable Available
    Sewer type
    Public Sewer
    Heating system
    Zoned
    Cooling system
    Zoned, Multi Units
    Water source
    Public

    Building Details

    Year built
    1979
    Flooring type
    Tile
    Building materials
    Brick
    Roof type
    Metal

    We can help!

    Listing Contact
    Ellis Wooten
    Ellis Wooten

    Listing agent Ellis Wooten License #120969

    Listing office Brickdriven Realty 115 Helton Ct, Florence, AL

    Listing date Jun 5, 2026

    MLS# 529308

    Copyright © 2026 Strategic MLS Alliance, INC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Brick commercial property built in 1979 with metal roof
    • Previously operated as a gas station; currently used as a screen‑printing business
    • Zoned heating and zoned cooling, including cooling listed as multi units
    • Public utilities: public water and public sewer; cable available
    • Tile flooring and brick construction

    Overview

    This for-sale commercial property sits on a 0.23-acre lot and includes approximately 1,530 square feet of space. It was formerly operated as a gas station and is currently used as a screen-printing business, giving the building a flexible foundation for service and commercial activity. Zoned B2, the property is designed to support a range of business types depending on tenant needs and permitted use.

    The property is located on the main corridor leading into Red Bay, AL, with frontage on Hwy 19. The listing notes strong visibility and high daily traffic along this access route, which can help support walk-in and drive-by exposure. Convenient access is also highlighted, supporting businesses that benefit from direct customer approach.

    With its existing commercial use and B2 zoning, this site may be a fit for tenants or buyers looking to operate a retail, service, office, or automotive-related business. The current screen-printing use provides an example of light commercial functionality, while the former gas-station history may support a variety of redevelopment and repositioning strategies consistent with B2 requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Red Bay
    County
    Franklin
    State
    Alabama
    Longitude
    -88.134917
    Latitude
    34.4375551

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    FAQs

    What type of property is this?
    Gas station - Former gas station with screen-printing operations, positioned for retail, service, office, or automotive uses.
    Where is this gas station located?
    The property is located at 509 Hwy 19 Red Bay, AL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Brick commercial property built in 1979 with metal roof; Previously operated as a gas station; currently used as a screen‑printing business; Zoned heating and zoned cooling, including cooling listed as multi units
    (256) 335-5340
    We can help!
    Listing Contact
    Ellis Wooten
    Ellis Wooten
    Real Estate License ID: 120969
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    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.

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