Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Zoned Corner Development Lots Title is generated by Realmo AI

    Patterson Dr, Florence, AL 35630

    View on Map
    Claim this Listing
    New
    For Sale
    $544,000

    COMMERCIAL - Florence, AL

    Property size:
    792 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $686/SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 7:06 pm

    Property Features for Patterson Dr

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    R1
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    24-02-03-3-006-043.000
    Size
    792 SF
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Description
    see public remarks for the three parcel numbers
    Tax Annual Amount
    552

    Utilities

    Sewer type
    Public Sewer

    Building Details

    Year built
    1930

    We can help!

    Listing Contact
    Pam Minetree

    Listing agent Pam Minetree License #722010

    Listing office The Agency on Pine 417 N Pine Street, Florence, AL

    Listing date Jun 4, 2026

    MLS# 529290

    Copyright © 2026 Strategic MLS Alliance, INC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 222+/- front feet on Pine Street across three lots, sold together (no splitting)
    • Property includes three parcels: 24‑02‑03‑3‑006‑043.000, 24‑02‑03‑3‑006‑044.000, and 24‑02‑03‑3‑006‑045.000
    • Currently zoned SFR
    • Public sewer available
    • Sold "as is" with no added value

    Overview

    This for-sale assemblage includes three parcels sold together and currently zoned R1 (SFR). The offering comprises a corner parcel, a middle parcel, and an end parcel, with the three individual parcel identifiers provided in the listing information. The property includes houses that are sold “as is” with no added value, and all details are to be verified by the purchaser. The lot area is listed at approximately 0.75 acres, and the property size is noted as 792 square feet.

    The combined site provides 222+/- front feet on Pine Street and is located on Patterson Dr in Florence, Alabama (Lauderdale County). The parcels are identified by separate tax numbers, and the listing specifies that the lots will not be separated.

    This configuration can fit buyers looking for a residentially zoned, multi-parcel development or redevelopment plan where the existing homes will not be updated by the seller and will be handled by the purchaser. Because the sale is expressly “as is,” prospective buyers should plan for their own due diligence regarding condition, use, and verification of all information. With substantial Pine Street frontage across the combined lots, the site may support a variety of residential-focused approaches consistent with the stated R1 (SFR) zoning, subject to buyer confirmation of applicable requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.6860798
    Latitude
    34.8158827

    Nearby Similar for Sale

    • $1,485,000
      6,194 SF

      High-Visibility Commercial Opportunity in Florence

      Premier commercial space with flexible layout and expansion potential.
      727 Cox Creek Pkwy, Florence, AL 35630
      View Details
    • $399,900
      2,259 SF

      Versatile Commercial Building in Florence

      High-visibility commercial building with ample parking and updated facilities.
      121 S Chestnut Street, Florence, AL 35630
      View Details
    • $915,000
      12,800 SF

      Highway Frontage Commercial Land

      Commercial property with highway frontage, metal building, and utilities.
      13340 Hwy 20, Florence, AL 35633
      View Details
    • $449,900
      1,595 SF

      Renovated Commercial Building in Florence

      Move-in ready commercial space with recent HVAC and roof updates.
      715 Cox Creek Pkwy, Florence, AL 35630
      View Details
    • $2,850,000
      14,477 SF

      Drive-Thru Medical Office Building

      Renovated medical office with drive-thru, exam rooms, and multiple waiting areas for healthcare and professional use.
      201 E Dr Hicks Blvd, Florence, AL 35630
      View Details
    • $1,950,000
      28,429 SF

      Spacious Downtown Florence Commercial Facility

      37,579 SF facility on 1.44 acres in downtown Florence.
      502 S Court St, Florence, AL 35630
      View Details
    • $559,900
      1,357 SF

      Florence Commercial Land Opportunity

      3.19 acres on Florence Blvd in high-traffic growth area.
      4055 Florence Blvd, Florence, AL 35634
      View Details
    • $264,900
      3,078 SF

      Renovated Three-Unit Income Property

      Fully renovated three-unit building near UNA and downtown Florence, with tenants and appliances included.
      304 Plum St, Florence, AL 35630
      View Details
    • $350,000
      3,906 SF

      Well-Maintained Church Building on 0.86 Acres

      Church building suitable for ministries with indoor and outdoor space.
      3651 Cole Ave, Florence, AL 35630
      View Details
    • $315,000
      3,300 SF

      Five-Unit Multifamily Near UNA

      Five-unit apartment building near UNA, with income potential.
      727 Sherrod Avenue, Florence, AL 35630
      View Details
    • $225,000
      2,200 SF

      Florence Multifamily Investment Opportunity

      Four-unit property near UNA, ideal for investment or Airbnb.
      213 E Mattielou St, Florence, AL 35630
      View Details
    • $1,300,000
      7,962 SF

      Updated Office Space in Florence

      Move-in ready office space with rental income potential.
      109 N Court St, Florence, AL 35630
      View Details

    FAQs

    What type of property is this?
    Single family property - Three parcels with existing residences, sold as-is, totaling a large Pine Street frontage for a single combined purchase.
    Where is this single family property located?
    The property is located at Patterson Dr Florence, AL.
    What is the asking price?
    The asking price for this property is $544,000.
    What are key features of this property?
    This property features: 222+/- front feet on Pine Street across three lots, sold together (no splitting); Property includes three parcels: 24‑02‑03‑3‑006‑043.000, 24‑02‑03‑3‑006‑044.000, and 24‑02‑03‑3‑006‑045.000; Currently zoned SFR
    (256) 648-5922
    We can help!
    Listing Contact
    Pam Minetree
    Real Estate License ID: 722010
    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
    Patterson Dr, Florence, AL 35630
    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!