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    Flexible Retail and Fitness Building Title is generated by Realmo AI

    602 S Cedar Ave, Demopolis, AL 36732

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    Well-built open retail building with multiple HVAC systems, office space, and ADA restrooms, plus added lot and shop.

    Type:Office
    Property size:
    4,900 SF
    Price / SF:
    $101/SF
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 5:48 am

    Property Features for 602 S Cedar Ave

    General Information

    Standard status
    Active
    Size
    4,900 SF
    Property subtype
    Office

    Building Details

    Year Built
    2016

    We can help!

    Listing Contact
    Lee Eaves

    Listing agent Lee Eaves

    Listing office Tutt Real Estate

    Listing date Jun 3, 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 Tutt Real Estate

    HighLights

    • 4,900 SF metal building built in 2016 with open interior layout and flexible space for many business uses
    • Previously used as a hardware store; currently operated as a CrossFit gym
    • Multiple HVAC systems: (3) HVAC units
    • Includes an office and two handicap accessible restrooms
    • Additional lot beside the building for parking or storage, plus a 20 x 40 shop
    • Tongue‑and‑groove wood exterior at the front and metal building/roof

    Overview

    This property is a 4,900-square-foot metal building with a tongue-and-groove wood exterior on the front. The interior is set up as an open space, with an office and two handicap-accessible restrooms. The building is served by three HVAC systems, supporting a variety of business layouts and operating needs. Historically, the building has been used as a hardware store, and it is currently operating as a CrossFit gym.

    An additional lot beside the building provides room for parking or storage. There is also a 20-by-40 shop on-site, which can support equipment, inventory, or operational storage. The property is located approximately one block from the new Alabama School of Healthcare Sciences.

    For buyers seeking a versatile commercial facility, the combination of open interior space, multiple HVAC units, and ADA-accessible restrooms can help accommodate a range of retail, fitness, and service concepts. The on-site office and separate shop add practical workflow and storage options, while the adjacent lot supports additional parking or material handling needs.
    Location Intelligence

    Current Use by Public Records

    CrossFit Avail Gym & Fitness Center

    Suggested Use

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

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

    Similar Places Nearby

    • CrossFit Avail — 602 S Cedar Ave, Demopolis, AL 36732

    Location Insight

    • Map
    • Local Demand
    City
    Demopolis
    County
    Marengo
    State
    Alabama
    Longitude
    -87.835637
    Latitude
    32.511236

    Nearby Similar for Sale

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      3,690 SF

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      603 N Walnut Ave, Demopolis, AL 36732
      View Details
    • $1,950,000
      7,500 SF

      Freestanding Industrial Property with Long-Term Tenant

      Industrial property fully leased to Sunbelt Rentals with over 4 years remaining.
      24044 US-80, Demopolis, AL 36732
      View Details
    • $639,000

      Retail Property with Attached Warehouse

      Well-maintained retail property with warehouse on major highway.
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      View Details

    FAQs

    What type of property is this?
    Fitness center & gym - Well-built open retail building with multiple HVAC systems, office space, and ADA restrooms, plus added lot and shop.
    Where is this fitness center & gym located?
    The property is located at 602 S Cedar Ave Demopolis, AL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 4,900 SF metal building built in 2016 with open interior layout and flexible space for many business uses; Previously used as a hardware store; currently operated as a CrossFit gym; Multiple HVAC systems: (3) HVAC units
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lee Eaves
    Learn More
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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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