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    1808 Main St Atmore, AL 36502

    For Sale
    $675,000

    10,000 SF warehouse, 5 acres, high NOI.

    Property size:
    10,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 10,000-square-foot industrial property, situated on a spacious 5-acre lot in Atmore, Alabama, presents a compelling investment opportunity. The property features a single-story, 1996-built building with a Class C designation and a flexible B-2 General Business zoning, allowing for diverse commercial uses. Currently operating at 50% occupancy with one tenant, the property generates a strong net operating income (NOI) of $56,034, with a pro-forma NOI of $116,034. The asking price is $675,000, representing a current cap rate of 8.30% and a pro-forma cap rate of 17.19%. Key features include six 12' x 16' high dock-high doors and one 24' x 16' high dock-high door, accommodating large equipment. Approximately 648 square feet of office space is available, split between upstairs and downstairs, each with window air conditioning. The property boasts a 20-foot ceiling height and a metal exterior with a 2-on-12 pitch metal roof, ensuring durability and low maintenance. Located at 1808 & 1812 S Main St, Atmore, AL 36502, this property benefits from its proximity to I-65 and Wind Creek Casino & Hotel, and is situated in a growing area with significant recent economic development, including new businesses and infrastructure projects. The property is offered fee simple, with a lease type of NNN and a lease commencement date of August 14, 2023. The property's strategic location and strong income potential make it an attractive investment for both current operations and future expansion.

    Property Features for 1808 Main St

    General Information

    Property type
    Distribution properties
    Square Feet
    10,000 SF
    Class
    C
    Lot Size
    217,800 SF

    Building Details

    Year Built
    1996
    Buildings
    1
    Stories
    1
    Units
    2

    HighLights

    • Immediate cash flow potential.
    • 10,000 square foot shop/warehouse.
    • 648 square foot office suite.
    • Conveniently located six miles from I‑65 and Wind Creek Casino & Hotel.
    • General Business zoning.
    • Five‑acre parcel situated directly on the Alabama/Florida state line.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Hotel & Motel Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Atmore
    County
    Escambia
    State
    Alabama
    Longitude
    -87.490279918666
    Latitude
    31.000988792153

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    FAQs

    What type of property is this?
    Distribution property - 10,000 SF warehouse, 5 acres, high NOI.
    Where is this distribution property located?
    The property is located at 1808 Main St Atmore, AL.
    What is the asking price?
    The asking price for this property is $675,000.
    What are key features of this property?
    This property features: Immediate cash flow potential.; 10,000 square foot shop/warehouse.; 648 square foot office suite.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    1808 Main St Atmore, AL 36502
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