Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    7.2 Acre Corner Lot Title is generated by Realmo AI

    Main Street @ Coosada Road, Millbrook, AL 36054

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Corner lot suitable for retail, office, or medical development.

    Type:Land
    Lot size:
    7.20 Acres
    Added:
    Mar 10, 2021
    Days on Market:
    1910
    Last Refresh:
    May 19 at 8:32 pm

    Property Features for Main Street @ Coosada Road

    General Information

    Standard status
    Active
    Lot size
    7.20 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Frank Potts

    Listing agent Frank Potts License #AL 000011162

    Listing office Aronov Realty Brokerage

    Listing date Mar 10, 2021

    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 Aronov Realty Brokerage

    HighLights

    • 7.2 acre lot
    • Located at a traffic light intersection
    • Corner lot on Main Street and Coosada Road
    • Suitable for various commercial uses (C‑STORE, fast food, retail, office, etc.)
    • Located in Millbrook, Alabama
    • High visibility location

    Overview

    This 7.2-acre lot is located at the corner of Main Street and Coosada Road in Millbrook, Alabama, at a traffic light intersection. The property is suitable for a convenience store, fast food establishment, shopping center, retail space, church, office building, automotive business, or medical facility.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Millbrook
    County
    Elmore
    State
    Alabama
    Longitude
    -86.358
    Latitude
    32.4862

    Nearby Similar for Sale

    • $499,000
      2,300 SF

      Millbrook Commercial Property with Income

      8.28 acre commercial property with office, berry farm.
      2356 Alabama River Parkway, Millbrook, AL 36054
      View Details
    • $2,800,000

      Land For Sale Millbrook, AL

      Corner lot land available in Millbrook, Alabama.
      Highway 14, Millbrook, AL 36054
      View Details
    • $185,000

      Commercial Land on Highway 14

      Unzoned 0.83-acre commercial land parcel on Highway 14.
      4130 Highway 14, Millbrook, AL 36054
      View Details
    • $499,000
      2,300 SF

      Commercial Property on Alabama River Parkway

      8.28± acres with office, berry farm, and development potential.
      2356 Alabama River Parkway, Millbrook, AL 36054
      View Details
    • $20,000

      Wooded Lot Near Downtown Millbrook

      Level, wooded 1-acre lot near downtown Millbrook, Alabama.
      1 Ac+/- COOSADA ROAD, MILLBROOK, AL 36054
      View Details
    • $320,000

      Duplex in Quiet Residential Area

      Duplex in Elmore County, Alabama, ideal for living or investment.
      115/119 PINE MEADOW Circle, Millbrook, AL 36022
      View Details
    • $589,000

      Commercial Land on Cobbs Ford Road

      4.14 acre commercial land in high-traffic, fast-growing area.
      2500 Cobbs Ford Road, Millbrook, AL 35045
      View Details
    • $38,500

      Land For Sale, Millbrook, AL

      Land available in Millbrook, Alabama.
      Cantabury Lane, Millbrook, AL 36054
      View Details
    • $589,000

      Commercial Land on Cobbs Ford

      Commercial land in a high-traffic, fast-growing area.
      2500 Cobbs Ford Road, Millbrook, AL 35045
      View Details
    • $1,295,910

      Commercial Land Near 17 Springs

      1.75 acre commercial lot near upcoming 17 Springs project.
      2600 Highway 14, Millbrook, AL 36054
      View Details
    • $285,000

      Commercial Land on Highway 14

      Commercial land opportunity directly on Highway 14 in Millbrook, Alabama.
      3963 Highway 14, Millbrook, AL 35045
      View Details
    • $285,000

      Commercial Land on Highway 14

      Commercial property on Highway 14 in Millbrook, Alabama.
      3963 Highway 14, Millbrook, AL, 36054-1946
      View Details

    FAQs

    What type of property is this?
    Commercial land - Corner lot suitable for retail, office, or medical development.
    Where is this commercial land located?
    The property is located at Main Street @ Coosada Road Millbrook, AL.
    What are key features of this property?
    This property features: 7.2 acre lot; Located at a traffic light intersection; Corner lot on Main Street and Coosada Road
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Frank Potts
    Real Estate License ID: AL 000011162
    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
    Main Street @ Coosada Road, Millbrook, AL 36054
    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!