Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5039 Us-231 Wetumpka, AL 36092

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    5039 Us-231 Wetumpka, AL 36092

    View on Map
    • Retail properties & Spaces
    • 48,387 SF
    • 6.96 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 5039 Us-231

    Year built
    2024
    Lot size
    6.96 lot acres
    Property size
    48,387 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This exceptional investment opportunity presents a brand-new, 48,387 square foot Publix grocery store located at 5039 US-231 in Wetumpka, Alabama (zip code 36092). Built in 2024, this Class A retail property sits on a 6.96-acre lot and boasts 233 parking spaces. The property benefits from a strong corporate guarantee and a 100% occupancy rate, secured by a single-tenant, 20-year lease with Publix, a highly reputable and financially stable grocery chain. The lease structure includes eight 5-year renewal options, providing long-term stability and predictable cash flow. The property's strategic location along US Highway 231, a major north-south thoroughfare with an average annual daily traffic count of 35,560 vehicles, ensures high visibility and accessibility. Its proximity to Lake Martin further enhances its appeal, attracting affluent clientele traveling between Montgomery and the lake. With the nearest competing Publix over 12 miles away, this location enjoys a significant competitive advantage within its large trade area. The asking price is $15,610,000, representing a 5.20% cap rate. This investment offers a rare opportunity to acquire a secure, long-term cash flow stream from a premier tenant in a prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wetumpka
    County
    Elmore
    State
    Alabama
    Longitude
    -86.213
    Latitude
    32.5142

    Comparable in this City

    • Value Estimation
      $3,500,000
      2,301 SF

      8350 Us Hwy 231

      CONVENIENCE STORE • 2,301 SF
      8350 Us Hwy 231, Wetumpka, AL 36092-2006
      View Details
    • Value Estimation by Request
      2,461 SF

      1000 Georgia Rd

      CONVENIENCE STORE • 2,461 SF
      1000 Georgia Rd, Wetumpka, AL 36092
      View Details
    • Value Estimation by Request
      1,416 SF

      1929 Holtville Rd

      CONVENIENCE STORE • 1,416 SF
      1929 Holtville Rd, Wetumpka, AL 36092-8210
      View Details
    • Value Estimation by Request
      1,860 SF

      5466 Us Hwy 231

      CONVENIENCE STORE • 1,860 SF
      5466 Us Hwy 231, Wetumpka, AL 36092-3171
      View Details
    • Value Estimation
      $595,000
      2,696 SF

      1358 Holtville Rd

      CONVENIENCE STORE • 2,696 SF
      1358 Holtville Rd, Wetumpka, AL 36092-1005
      View Details
    • Value Estimation
      $2,015,000
      5,060 SF

      75930 Tallassee Hwy

      CONVENIENCE STORE • 5,060 SF
      75930 Tallassee Hwy, Wetumpka, AL 36092-5508
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Lot in High Demand

      Large commercial lot in Wetumpka, Alabama, suitable for development.
      5911 Hwy 231 Hwy N, Wetumpka, AL 36092
      View Details
    • Contact for pricing
      3,092 SF

      Historic Wetumpka Mixed-Use Building

      Renovated historic building in downtown Wetumpka, ideal for various uses.
      110 E Bridge St, Wetumpka, AL 36092
      View Details
    • $750,000

      Historic Mixed-Use Building in Wetumpka

      Three-story historic building in downtown Wetumpka with income-generating tenants.
      100 Court St, Wetumpka, AL 36092
      View Details
    • $385,000
      2,580 SF

      Updated Building in Downtown Wetumpka

      Move-in ready retail or office space in central location.
      127 Company St, Wetumpka, AL 36092
      View Details
    • Contact for pricing

      Recreational Land in Elmore County

      Land with timber, road frontage, and multiple food plots.
      5070 Central Plank Rd, Wetumpka, AL 36092
      View Details
    • $900,000
      Pending

      Versatile Industrial Property with Expansion Potential

      15,400 SF M-1 zoned property suitable for company operations.
      335 Jeanette Barrett Industrial Blvd, Wetumpka, AL 36092
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Walmart

      Retail spaces available near Walmart Supercenter on US Highway 231.
      4656 Us Highway 231, Wetumpka, AL 36092
      View Details
    • $1,000 /Mo
      1,200 SF

      Versatile Commercial Space For Lease

      1200 sq ft commercial space suitable for various businesses.
      68 Queen Ann Rd, Wetumpka, AL 36092
      View Details
    • Contact for pricing

      Renovated Shopping Center in Wetumpka

      Conveniently located shopping center with recent renovations and high visibility.
      5326 Us Highway 231, Wetumpka, AL 36092
      View Details
    • Contact for pricing

      Retail Space Near National Tenants

      Retail space in a Publix-anchored shopping center.
      5039 Us Highway 231, Wetumpka, AL 36092
      View Details
    • Contact for pricing

      Retail Space in Growing Area

      Shopping center with high visibility in Wetumpka, Alabama.
      4896 Us Highway 231, Wetumpka, AL 36092
      View Details
    • Contact for pricing

      Wetumpka Warehouse Space Available

      514,619 SF warehouse space for lease in Wetumpka, Alabama.
      3145 Elmore Rd, Wetumpka, AL 36092
      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.
    5039 Us-231
    Wetumpka, AL 36092
    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!