Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    13 Commercial Dr Athens, AL 35611
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    13 Commercial Dr Athens, AL 35611

    View on Map
    • Land
    • 0.92 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 13 Commercial Dr

    Lot size
    0.92 lot acres
    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Limestone
    State
    Alabama
    Longitude
    -86.9749
    Latitude
    34.7857

    Comparable in this City

    • Value Estimation by Request
      157.00 Acres

      19230 Huntsville Brownsferry Rd

      Land • 157.00 Acres
      19230 Huntsville Brownsferry Rd, Athens, AL 35611
      View Details
    • Value Estimation by Request
      18.00 Acres

      7333 Us-72

      Land • 18.00 Acres
      7333 Us-72, Athens, AL 35611
      View Details
    • Value Estimation by Request
      254.00 Acres

      Swan Crk

      Land • 254.00 Acres
      0 Swan Crk, Athens, AL 35611
      View Details
    • Value Estimation by Request
      0.85 Acres

      9M Commercial Dr

      Land • 0.85 Acres
      9M Commercial Dr, Athens, AL 35611
      View Details
    • Value Estimation by Request
      300.00 Acres

      72 Hwy

      Land • 300.00 Acres
      72 Hwy, Athens, AL 35611
      View Details
    • Value Estimation by Request
      31.00 Acres

      Us Highway 72

      Land • 31.00 Acres
      0 Us Highway 72, Athens, AL 35611
      View Details

    Similar Nearby for Sale

    • $45,900
      1.00 Acre

      Land Near River in Athens

      One acre of wooded land near the river.
      Batts Rd W, Athens, AL 35611
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      2015 Us Highway 72 W, Athens, AL 35611
      View Details
    • $234,500

      Land on Quinn Road, Athens

      Land available on Quinn Road, Athens, Alabama.
      15414 Quinn Rd, Athens, AL 35611
      View Details
    • $30,000

      Land For Sale

      Land available for purchase.
      325 Hines St S, Athens, AL 35611
      View Details
    • $962,500
      77.00 Acres

      Unrestricted Land Near Athens, AL

      77+/- acres of unrestricted land perfect for various uses.
      77 +/- Acres Parker Rd, Athens, AL 35611
      View Details
    • Contact for pricing
      Pending

      Level Grassed Lot in Athens

      Level grassed lot with mature trees within Athens city limits.
      17 Acorn Hill Cir, Athens, AL 35611
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Regional Shopping Center in Athens

      Regional shopping center in Athens, Alabama, anchored by national tenants.
      601 Us Highway 72 W, Athens, AL 35611
      View Details
    • Contact for pricing

      Versatile Workspaces in Athens Business Park

      Flexible workspaces with private offices and easy vehicular access.
      1651 Jefferson St Southeast, Athens, AL 35611
      View Details
    • Contact for pricing

      Retail Space Near Walmart Supercenter

      Retail space in a busy, shadow-anchored strip center.
      935 Us Highway 72 E, Athens, AL 35611
      View Details
    • $800 /Mo
      665 SF

      Move-in Ready Office Space

      665 SF office space near Downtown Athens available for rent.
      311 W Lee St, Athens, AL 35611
      View Details
    • $25 SF/Yr

      Highway Frontage Retail or Office

      Adaptable space in high-traffic location, ideal for retail/office.
      928 S 72, Athens, AL 35611
      View Details
    • $4,303 /Mo
      7,600 SF

      Downtown Athens Office Building

      Centrally located office building in downtown Athens available for lease.
      520 S Jefferson St, Athens, AL 35611
      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.
    13 Commercial Dr
    Athens, AL 35611
    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!