Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    410 Pelham Rd N Jacksonville, AL 36265

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

    Restaurant with drive-thru, near Jacksonville State University.

    Type:Retail
    Property size:
    3,050 SF
    Added:
    Aug 26, 2022
    Days on Market:
    1341
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 410 Pelham Rd N

    General Information

    Standard status
    Active
    Size
    3,050 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Keith Shamblin

    Listing agent Keith Shamblin License #AL

    Listing office Shannon Waltchack

    Listing date Aug 26, 2022

    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 Shannon Waltchack

    Overview

    Former Restaurant with Drive-Thru

    This is a former restaurant property available for sale in Jacksonville, Alabama. The property, previously a Burger King, includes a drive-thru and signage. It is located less than 1 mile from Jacksonville State University and is situated just off Pelham Road South. The property size is 3,050 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Real Estate Agency Law Firm Restaurant 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.

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.760814
    Latitude
    33.811505

    Nearby Similar for Sale

    • $229,900

      Jacksonville Quadplex with Rental Income

      Quadplex in Jacksonville with rental income potential.
      309 WHITES GAP ROAD, JACKSONVILLE, AL 36265
      View Details
    • $575,000
      5,604 SF

      Jacksonville Investment Opportunity

      Office/medical building in rapidly growing Jacksonville, Alabama.
      201 Henry SW Road 1-3, JACKSONVILLE, AL 36265
      View Details
    • $735,000
      104,950 SF

      Industrial Portfolio Near Jacksonville State

      Two industrial properties totaling 104,950 SF on 6.37 acres.
      421 Alexandria Rd SW, Jacksonville, AL 36265
      View Details
    • $932,000
      44,368 SF

      Industrial Warehouse Facility in Jacksonville

      44,368 SF industrial/warehouse facility near Jacksonville State University.
      921 Francis Street, Jacksonville, AL 36265
      View Details
    • $130,000

      Office Space in Jacksonville, AL

      Office space available on a 0.42-acre lot.
      1460 1ST AVENUE, JACKSONVILLE, AL 36265
      View Details
    • $130,000

      Professional Building in Medi Plex

      Professional building near highway and JSU nursing program.
      1460 1ST AVENUE, JACKSONVILLE, AL 36265
      View Details
    • $735,000
      104,950 SF

      Industrial Warehouse/Manufacturing Facility For Sale

      Spacious 104,950 sqft industrial facility on 6.37 acres.
      421 Alexandria Rd SW, Jacksonville, AL 36265
      View Details
    • $932,000
      60,688 SF

      Jacksonville Industrial and Warehouse Facility

      44,368 SF industrial/warehouse facility on 4.96 acres in Jacksonville, AL.
      921 Francis Street, Jacksonville, AL 36265
      View Details
    • $1,650,000
      9,648 SF

      High-Traffic Retail Investment Opportunity

      2.80-acre parcel with two essential service providers.
      1052 Pelham Rd S, Jacksonville, AL 36265
      View Details
    • $200,000
      7,177 SF

      Jacksonville Assisted Living Facility

      16-unit assisted living facility on 2.25 acres.
      655 Gardner Dr SE, Jacksonville, AL 36265
      View Details
    • $932,000
      60,688 SF

      Industrial and Warehouse Facility

      Prime industrial and warehouse facility in Jacksonville, Alabama.
      915 Francis St W, Calhoun County, AL 36265
      View Details
    • $299,000
      1,800 SF

      Jacksonville Investment Opportunity

      Three-unit building with retail space and potential.
      1408 Pelham S Road, JACKSONVILLE, AL 36265
      View Details

    FAQs

    What type of property is this?
    Drive through restaurant - Restaurant with drive-thru, near Jacksonville State University.
    Where is this drive through restaurant located?
    The property is located at 410 Pelham Rd N Jacksonville, AL.
    What are key features of this property?
    This property features: Drive‑thru for your convenience.; Signage included, increasing visibility.; Less than 1 mile from Jacksonville State University.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Keith Shamblin
    Real Estate License ID: AL
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!