Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Market Mixed-Use Property Title is generated by Realmo AI

    5499 Winchester Road, New Market, AL 35761

    View on Map
    Claim this Listing
    New
    For Sale
    $924,000

    COMMERCIAL - New Market, AL

    Property size:
    7,186 SF
    Lot size:
    2.20 Acres
    Price / SF:
    $128/SF
    Added:
    May 8, 2026
    Days on Market:
    7
    Last Refresh:
    May 14 at 5:06 am

    Property Features for 5499 Winchester Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    7
    Rooms
    Bathroom 5, Bathroom 7, Bathroom 2, Bathroom 1, Bathroom 6, Bathroom 3, Bathroom 4, Basement
    Exterior features
    Storage
    Standard status
    Active
    Size
    7,186 SF
    Lot size
    2.20 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Propane (Heating)
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    3
    Flooring type
    Wood
    Roof type
    Shingle, Metal
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Lynnae Hall

    Listing agent Lynnae Hall License #151980

    Listing office Leading Edge R.E. Group-Mad. 814 Palmer Rd Suite E, AL

    Listing date May 8, 2026

    MLS# 21916714

    Copyright © 2026 ValleyMLS.Com,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

    • Versatile property suitable for commercial or mixed use.
    • Main building offers multiple suites with en‑suite baths.
    • Cottage with kitchenette adds flex or income potential.
    • Detached 3 bay garage with finished space.
    • New copper and shingle roof (April 2026) on main residence.
    • Expansive land.

    Overview

    This versatile property in New Market, AL, is suitable for commercial or mixed-use purposes. The main building features multiple suites, each equipped with en-suite bathrooms. A cottage with a kitchenette provides additional flexibility or income potential. A detached three-bay garage includes finished space. Updates to the main residence include a new copper and shingle roof scheduled for April 2026, as well as updated electrical and plumbing completed in 2010, according to the seller. Property features include a wrought iron fenced courtyard, expansive land, a 500-gallon propane tank, and a septic tank serviced annually. The property size is 7186 square feet, situated on a 2.2-acre lot. Buyers are advised to verify intended use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Greenhouse Real Estate Agency The Winchester Manor Bed & Breakfast

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Pharmacy Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    New Market
    County
    Madison
    State
    Alabama
    Longitude
    -86.428144
    Latitude
    34.909786

    Nearby Similar for Sale

    • $1,500,000
      6,544 SF

      Former Assisted Living Facility

      Versatile property suitable for residential or commercial use.
      3621 Winchester Road, New Market, AL 35761
      View Details
    • $795,000
      4,000 SF

      Established Auto Parts Shop

      Auto parts shop for sale with included inventory.
      4936 Winchester Road, New Market, AL 35761
      View Details
    • $799,900

      30 Acres Farm in New Market

      30-acre farm with mountain views, pond, and outbuildings.
      30 +/- acres Hurricane Road, New Market, AL 35761
      View Details
    • $1,500,000
      4,400 SF

      Former Assisted Living Facility

      Versatile property suitable for residential or commercial use.
      3621 Winchester Road, New Market, AL 35761
      View Details
    • $795,000

      Established Auto Parts Shop

      Operating auto parts shop with inventory and equipment included.
      4936 Winchester Road, New Market, AL 35761
      View Details
    • $188,000

      Highway Commercial Property For Sale

      Commercial property with established tenant, high visibility, and income.
      5324 Winchester Road, New Market, AL 35761
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Versatile property with suites, cottage, and garage.
    Where is this mixed-use property located?
    The property is located at 5499 Winchester Road New Market, AL.
    What is the asking price?
    The asking price for this property is $924,000.
    What are key features of this property?
    This property features: Versatile property suitable for commercial or mixed use.; Main building offers multiple suites with en‑suite baths.; Cottage with kitchenette adds flex or income potential.
    (256) 337-9629
    We can help!
    Listing Contact
    Lynnae Hall
    Real Estate License ID: 151980
    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
    5499 Winchester Road, New Market, AL 35761
    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!