Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Oxford Redevelopment Opportunity Title is generated by Realmo AI

    1865 US Hwy 78 E, Oxford, AL 36203

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    5.75 acres of commercial land for redevelopment in Oxford, AL.

    Type:Retail
    Property size:
    253,000 SF
    Lot size:
    5.75 Acres
    Price / SF:
    $9/SF
    Added:
    May 28, 2024
    Days on Market:
    736
    Last Refresh:
    May 12 at 8:30 pm

    Property Features for 1865 US Hwy 78 E

    General Information

    Standard status
    Active
    Size
    253,000 SF
    Lot size
    5.75 Acres
    Property subtype
    Retail

    We can help!

    Listing Contact
    Keith Hill

    Listing agent Keith Hill License #AL 000133247-1

    Listing office Bill Poole Realty

    Listing date May 28, 2024

    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 Bill Poole Realty

    HighLights

    • Prime redevelopment opportunity in high‑growth Anniston‑Oxford, Alabama MSA.
    • Strategically located across from Lowe's and near national brands and hotels.
    • Approximately 5.75 acres of commercial land with flexible purchase options.
    • High visibility with 975 +\/- feet of frontage on Highway 78.
    • Zoned General Business, suitable for QSR, coffee, and retail development.
    • Full access with 4 current curb cuts and flat topography.

    Overview

    This commercial land, encompassing approximately 5.75 acres, is located along Highway 78 in Oxford, Alabama. The property is positioned directly across from a Lowes and numerous national brands and hotels. The site features a flat topography and approximately 975 feet of frontage on Highway 78. It benefits from full access with four existing curb cuts. Zoned for General Business, the property is suitable for various commercial uses, including QSR, coffee shops, and retail. The property includes revenue-generating cell tower and billboard sites. The seller is open to offers for individual sites within the 1 to 1.25-acre range, providing flexibility for different development projects.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.7964
    Latitude
    33.615395

    Nearby Similar for Sale

    • $595,000
      9,300 SF

      Cooper Machine Building

      9,300 SF industrial building with highway and interstate access.
      5181 Us Highway 78 w, Oxford, AL 36203
      View Details
    • $799,900
      8,113 SF

      Commercial Property with Highway Frontage

      Commercial property offering offices, showroom, warehouse space, and more.
      1321 E Hamric Drive, OXFORD, AL 36203
      View Details
    • $1,795,000

      Move-in Ready Industrial Facility

      Light industrial facility suitable for manufacturing and warehousing, near I-20.
      1207 BUTLER STREET, OXFORD, AL 36203
      View Details
    • $499,000

      Commercial Land Near Performing Arts

      0.72 acre commercial land near Oxford Performing Arts Center.
      300-308 SNOW STREET, OXFORD, AL 36203
      View Details
    • $599,900

      Prime Commercial Opportunity in Oxford

      High-visibility commercial property with road frontage on busy highway.
      104 MCCULLARS LANE, OXFORD, AL 36203
      View Details
    • $279,900

      Commercial Land in High-Traffic Area

      Commercial land with high visibility and traffic count.
      1413 HAMRIC DRIVE, OXFORD, AL 36203
      View Details
    • $390,000

      Prime Development Site in Oxford

      3.7-acre commercial land with excellent visibility and access.
      1800 Friendship Rd, Oxford, AL 36203
      View Details
    • $499,000

      Oxford Commercial Land For Sale

      0.72 acre commercial land near Oxford Performing Arts Center.
      300 Snow Street, OXFORD, AL 36203
      View Details
    • $850,000

      Prime Oxford Commercial Acreage

      Commercial acreage in the heart of Oxford, Alabama.
      0 ELM STREET, OXFORD, AL 36203
      View Details
    • $415,000

      Unrestricted Land Near I-20

      12.6 acres of unrestricted land near I-20 in Oxford.
      99 Bobwhite Drive, Oxford, AL 36203
      View Details
    • $180,000

      Updated Triplex Near Downtown Oxford

      Updated triplex offers instant income and long-term investment potential.
      702 HAMM STREET, OXFORD, AL 36203
      View Details
    • $1,900,000
      49,212 SF

      Industrial Facility Ready For Occupancy

      Light industrial facility with office space and warehouse, move-in ready.
      1207 Butler Street, OXFORD, AL 36203
      View Details

    FAQs

    What type of property is this?
    Commercial land - 5.75 acres of commercial land for redevelopment in Oxford, AL.
    Where is this commercial land located?
    The property is located at 1865 US Hwy 78 E Oxford, AL.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: Prime redevelopment opportunity in high‑growth Anniston‑Oxford, Alabama MSA.; Strategically located across from Lowe's and near national brands and hotels.; Approximately 5.75 acres of commercial land with flexible purchase options.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Keith Hill
    Real Estate License ID: AL 000133247-1
    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
    1865 US Hwy 78 E, Oxford, AL 36203
    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!