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    202 Main St Warrior, AL 35180
    Property profile & analytics

    202 Main St, Warrior, AL 35180

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    • Retail properties & Spaces
    • 2,030 SF
    • 0.25 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 202 Main St

    Year built
    1940
    Lot size
    0.25 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Auto shops

    Description

    This 2,030 square foot retail property, located at 202 N Main St in Warrior, Alabama, presents a unique investment opportunity. Built in 1940 and renovated in 1967, this Class C building sits on a 0.25-acre lot and is zoned B. Currently configured as a former auto shop, the property offers significant potential for a variety of uses, including automotive repair, restaurant, or retail space. Its prime location on Main Street, across from city municipal offices and adjacent to the fire department and paramedics, ensures high visibility and accessibility. The property benefits from its proximity to I-65 (1.7 miles from exit 281), providing convenient access to Birmingham (23.4 miles), Cullman (28.3 miles), and Huntsville (78.9 miles). The asking price is $139,900 ($68.92 per square foot). Included in the sale is existing trade equipment. Warrior is experiencing rapid growth, making this a compelling investment in a thriving suburban community. The property's strategic location and versatile layout offer a strong foundation for future success in a dynamic market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Warrior
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8421
    Latitude
    33.8232

    Comparable in this City

    • Value Estimation by Request
      1,632 SF

      2135 Mayfield Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      2135 Mayfield Rd, Warrior, AL 35180
      View Details
    • Value Estimation by Request
      4,620 SF

      9691 Hwy 31st N

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      9691 Hwy 31st N, Warrior, AL 35180
      View Details
    • Value Estimation by Request
      1,580 SF

      122 Louisa St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      122 Louisa St, Warrior, AL 35180-1445
      View Details
    • Value Estimation by Request
      3,636 SF

      511 Hwy 31st S

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      511 Hwy 31st S, Warrior, AL 35180-1465
      View Details
    • Value Estimation by Request
      3,648 SF

      204 Main N St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      204 Main N St, Warrior, AL 35180-1347
      View Details
    • Value Estimation by Request
      4,800 SF

      121 4th W St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      121 4th W St, Warrior, AL 35180-1331
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,030 SF

      Main Street Automotive Shop

      Former automotive shop suitable for retail or restaurant redevelopment.
      105 2Nd St E, Warrior, AL 35180
      View Details
    • Contact for pricing

      Prime Commercial Property I-65 Access

      High-visibility commercial property with I-65 access in growing corridor.
      355 State Highway 160, Warrior, AL 35180
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      3.20 Acres

      Land in Smokerise Subdivision

      3.2 acres in Warrior, ideal for building a home.
      Valley Cir, Warrior, AL 35180
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    • Contact for pricing

      Land Lots on Thermal Road

      Four land lots available for sale on Thermal Road.
      9138 Thermal Rd, Warrior, AL 35180
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    • Contact for pricing
      2.85 Acres

      Residential Land in Warrior, AL

      2.85 acres of residential land split on both sides.
      740 Westwood Dr, Warrior, AL 35180
      View Details
    • $55,000
      3.25 Acres

      Land in Warrior, Alabama

      3.25 acre land perfect for mini-farm or homestead.
      9460 Asberry Rd, Warrior, AL 35180
      View Details
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    Warrior, AL 35180
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    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
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