Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Busy Shopping Center in Prattville Title is generated by Realmo AI

    703-719 E Main Street, Prattville, AL 36067

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Located on Main Street, high-traffic shopping center connected to Winn-Dixie.

    Type:Retail
    Added:
    Mar 20, 2020
    Days on Market:
    2244
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 703-719 E Main Street

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 703-719 E Main Street Contact us

    We can help!

    Listing Contact
    Louise Jennings-McCullar
    Louise Jennings-McCullar

    Listing agent Louise Jennings-McCullar License #MS 21674

    Listing office Real Estate Southeast

    Listing date Mar 20, 2020

    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 Real Estate Southeast

    HighLights

    • Attached to a high‑performing 60K SF Winn Dixie, one of the highest‑grossing in Alabama.
    • Located on Main Street with a traffic lighted entrance, ensuring high traffic flow.
    • Centrally located in the heart of Prattville, Alabama, serving a growing Autauga County market.
    • Part of a busy shopping center.
    • Benefits from high visibility and accessibility.
    • Adjacent to various retailers including CVS, Aaron's, Dollar General, and fast‑food chains.

    Overview

    Midtown Shopping Center is a busy shopping center connected to a high performing 60,000 square foot Winn Dixie. The property is centrally located in the heart of Prattville, Alabama, serving a growing Autauga County market. Situated on Main Street with a traffic lighted entrance, Midtown Shopping Center benefits from high traffic due to its attachment to one of the highest grossing Winn Dixie grocery stores in Alabama. Adjacent and nearby retailers include CVS, Aaron's, Dollar General, Little Caesars, Fast Pace, Wendy's, Taco Bell, Hardees, Walgreens, and Advance Auto Parts. The property is intended for commercial real estate use, specifically as a shopping center or retail space.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    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

    • Skyline Shopping Center — Prattville, AL 36066
    • Prattville Square — Prattville, AL 36067
    • Midtown Shopping Center — 715 E Main St, Prattville, AL 36067
    • Prattville Plaza Shopping Center — E Main St, Prattville, AL 36067
    • Coinstar Kiosk | Bitcoin ATM — Winn Dixie, 701 E Main St, Prattville, AL 36067

    Location Insight

    • Map
    • Local Demand
    City
    Prattville
    County
    Autauga
    State
    Alabama
    Longitude
    -86.455504
    Latitude
    32.461835

    Nearby Similar for Lease

    • $825/Mo

      Retail Space in Prattville, AL

      Retail space ideal for small businesses in a family-friendly area.
      963 S Memorial Drive, Prattville, AL 36067
      View Details
    • $2,000/Mo

      Prattville Industrial Space with Lift

      5,000 SF industrial space with lift for rent.
      1669 Bridge Creek Road, Prattville, AL 36067
      View Details
    • Contact for pricing

      Retail Space in Prattville Center

      Retail spaces available in open-air lifestyle center.
      2431 Cobbs Ford Road, Prattville, AL, 36066
      View Details
    • Contact for pricing

      Restaurant Space Near I-65

      3,577 SF restaurant space with high visibility and accessibility.
      2525 Cobbs Ford Rd, Prattville, AL 36066
      View Details
    • Contact for pricing

      Retail Space in Growing Area

      Retail and restaurant spaces available in a rapidly growing market.
      1016 - 1028 Highway 14 W | Prattville, AL 36067
      View Details
    • Contact for pricing

      Turnkey Medical Office Space Available

      3,909 SF medical office space in Prattville, Alabama.
      2709 Legends Parkway, Prattville, AL, 360667755
      View Details
    • Contact for pricing

      Restaurant Space Near I-65

      3,577 SF restaurant space with high visibility and accessibility.
      2525 Cobbs Ford Rd, Prattville, AL 36066
      View Details
    • Contact for pricing

      Retail Space in High Point

      Retail space available in a high-traffic open-air center.
      2431 Cobbs Ford Rd, Prattville, AL 36066
      View Details
    • Contact for pricing

      Retail/Office Space Near I-65

      Open floor plan retail/office space, convenient location near I-65.
      686 McQueen Smith Rd N, Prattville, AL 36066
      View Details
    • Contact for pricing

      Retail Space in Prattville Power Center

      Retail space for lease in a high-traffic Prattville power center.
      2768-2776 Legends Pkwy, Prattville, AL
      View Details
    • Contact for pricing

      Professional Office Space Available

      Class B office space in a visible, accessible Prattville location.
      1300 E Main St, Prattville, AL 36066
      View Details
    • Contact for pricing

      Power Center Retail Space

      Retail space in a power center with major anchors.
      Cobbs Ford Rd, Prattville, AL 36066
      View Details

    FAQs

    What type of property is this?
    Shopping center - Located on Main Street, high-traffic shopping center connected to Winn-Dixie.
    Where is this shopping center located?
    The property is located at 703-719 E Main Street Prattville, AL.
    What are key features of this property?
    This property features: Attached to a high‑performing 60K SF Winn Dixie, one of the highest‑grossing in Alabama.; Located on Main Street with a traffic lighted entrance, ensuring high traffic flow.; Centrally located in the heart of Prattville, Alabama, serving a growing Autauga County market.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Louise Jennings-McCullar
    Louise Jennings-McCullar
    Real Estate License ID: MS 21674
    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
    703-719 E Main Street, 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!