Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    502 Martin Luther King Hwy Tuskegee, AL 36083
    Property profile & analytics

    502 Martin Luther King Hwy, Tuskegee, AL 36083

    View on Map
    • Industrial properties
    • 0.51 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 502 Martin Luther King Hwy

    Year built
    1951
    Lot size
    0.51 lot acres
    Property type
    Industrial properties

    Description

    This exceptional 0.51-acre industrial property, located at 502 E MARTIN LUTHER KING Highway in Tuskegee, Alabama, presents a unique opportunity for investors and businesses seeking a strategic foothold in a growing market. The property's generous 0.51-acre lot offers ample space for various industrial uses, allowing for significant development potential. Its convenient location on E MARTIN LUTHER KING Highway ensures excellent visibility and accessibility, facilitating seamless transportation of goods and services. The property is zoned for industrial use, simplifying the permitting and development process. The asking price of $195,000 represents a compelling investment opportunity, considering the property's size, location, and potential for future growth. This is an ideal site for businesses requiring substantial land area for operations, storage, or manufacturing. Serious inquiries are encouraged to explore the possibilities this property offers. The property is currently vacant and ready for immediate development, making it an attractive option for those seeking a quick turnaround on their investment. Detailed site plans and zoning information are available upon request. Don't miss this chance to acquire a prime piece of industrial real estate in the thriving city of Tuskegee.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tuskegee
    County
    MACON
    State
    Alabama
    Longitude
    -85.6858
    Latitude
    32.4261

    Comparable in this City

    • Value Estimation by Request
      65.00 Acres

      3903 Co Rd

      Agricultural land / Farmland
      3903 Co Rd, Tuskegee, AL 36083
      View Details
    • Value Estimation by Request
      1.50 Acres

      410 Martin Luther King Hwy

      Industrial properties
      410 Martin Luther King Hwy, Tuskegee, AL 36083
      View Details
    • Value Estimation by Request

      00 Mizell Rd

      Industrial properties
      00 Mizell Rd, Tuskegee, AL 36083
      View Details
    • Value Estimation by Request
      70.00 Acres

      Notasulga Rd Hwy. 81 & Mizell Rd

      Land
      0 Notasulga Rd Hwy. 81 & Mizell Rd, Tuskegee, AL 36083
      View Details
    • Value Estimation by Request
      1,122 SF

      Tuskegee, AL 36083

      WAREHOUSE, STORAGE
      Tuskegee, AL 36083
      View Details
    • Value Estimation by Request
      1,464 SF

      Tuskegee, AL 36083

      WAREHOUSE, STORAGE
      Tuskegee, AL 36083
      View Details

    Similar Nearby for Sale

    • $693,000
      70.00 Acres

      Tuskegee Industrial Land - 70 Acres

      Prime Industrial Land, M-2 Zoning, Tuskegee, AL
      0 Notasulga Rd Hwy. 81 & Mizell Rd, Tuskegee, AL 36083
      View Details
    • $275,000

      Vacant Office and Warehouse Facility

      Vacant ±5,819 SF office/warehouse on ±1.06 AC for sale.
      106 Torrence Rd, Tuskegee, AL 36083
      View Details
    • $693,000
      70.00 Acres

      Tuskegee Commercial Land For Sale

      70-acre commercial land parcel ready for development in Tuskegee, AL.
      1600 Mizel Rd, Tuskegee, AL 36083
      View Details
    • Contact for pricing

      45.5 Acre Tract in Tuskegee

      Large tract of land suitable for various uses.
      00 S Us Highway 29, Tuskegee, AL 36083
      View Details
    • Contact for pricing

      Commercial Property in Tuskegee, Alabama

      Commercial property for sale in Tuskegee, Alabama.
      00 Mizell Rd, Tuskegee, AL 36083
      View Details
    • Contact for pricing
      3.00 Acres

      Land Parcel in Tuskegee, Alabama

      Approximately 3-acre parcel for residential, investment, or development.
      County Road 95, Tuskegee, AL 36083
      View Details
    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.
    502 Martin Luther King Hwy
    Tuskegee, AL 36083
    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
    502 Martin Luther King Hwy, Tuskegee, AL, 36083
    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!