Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7006 Highway 46 Heflin, AL 36264

    • Investment properties
    • 9,920 SF
    • 1.80 lot acres
    For Sale
    View listing
    $1,400,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 7006 Highway 46

    Year built
    2006
    Lot size
    1.80 lot acres
    Property size
    9,920 SF
    Property type
    Investment properties

    Description

    This exceptional 9,920-square-foot commercial property, situated on a 1.8-acre lot in Heflin, Alabama, presents a compelling investment opportunity. Built in 2006, the building boasts a thoughtfully designed layout perfectly suited for a semi-truck or auto service center, having served as such for the past 18 years. The property includes approximately 760 square feet of office space, a comfortable customer waiting area with restroom, a spacious office work area, and a dedicated changing area and bathroom with shower for mechanics. Seven 12' x 12' roll-up doors (three in the front, four in the back) provide ample access, complemented by an additional 10' x 10' door for parts storage. Practical features include an oil changing pit and three-phase electrical service. Currently heated by an efficient oil-burning system, the building is ready for immediate occupancy. The property's 1.8 acres offer significant expansion potential. Its strategic location on Highway 46, with convenient access to I-20, makes it highly attractive for logistics and transportation-related businesses. The sale includes only the land and building

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Heflin
    County
    Al Counties
    State
    Alabama
    Longitude
    -85.5024
    Latitude
    33.6434

    Comparable in this City

    • Value Estimation
      $250,000
      2,698 SF

      Heflin, AL 36264

      STORE/OFFICE (MIXED USE) • 2,698 SF
      Heflin, AL 36264
      View Details
    • Value Estimation
      $260,000
      3,500 SF

      526 County Rd 457

      STORE/OFFICE (MIXED USE) • 3,500 SF
      526 County Rd 457, Heflin, AL 36264-5815
      View Details
    • Value Estimation
      $265,000
      5,000 SF

      8401 Hwy 431

      STORE/OFFICE (MIXED USE) • 5,000 SF
      8401 Hwy 431, Heflin, AL 36264-3940
      View Details
    • Value Estimation
      $200,000
      720 SF

      3536 Hwy 78

      STORE/OFFICE (MIXED USE) • 720 SF
      3536 Hwy 78, Heflin, AL 36264-1750
      View Details
    • Value Estimation
      $230,000
      3,120 SF

      421 Ross St

      STORE/OFFICE (MIXED USE) • 3,120 SF
      421 Ross St, Heflin, AL 36264-1337
      View Details
    • Value Estimation
      $235,000
      1,080 SF

      924 Ross St

      STORE/OFFICE (MIXED USE) • 1,080 SF
      924 Ross St, Heflin, AL 36264-1134
      View Details

    Similar Nearby for Sale

    • $1,400,000
      9,920 SF

      Heflin, AL Business Center - Prime Location

      9,920 SF Building & 1.8 Acres - Ideal for Auto Repair
      7006 Highway 46, Heflin, AL 36264
      View Details
    • Contact for pricing
      223.00 Acres

      Hwy 9

      Farms • 223.00 Acres
      0 Hwy 9, Heflin, AL 36264
      View Details
    • $65,000
      1.40 Acres

      Heflin Highway 78 Business Opportunity

      Prime 1.4-acre Hwy 78 location, former BBQ restaurant.
      2842 Highway 78, Heflin, AL 36264
      View Details
    • $110,000
      8.00 Acres

      8 Acres Commercial Land Heflin

      Commercial land with frontage on multiple roads near I-20.
      Highway 78, Heflin, AL 36264
      View Details
    • $154,000

      Heflin, AL Land For Sale

      19.33 acres of wooded land with road frontage.
      County Road 59, Heflin, AL 36264
      View Details
    • $335,000
      2,016 SF

      Spacious Mobile Home on Acreage

      2023 mobile home on 4 acres with barn.
      3239 County Road 129, Heflin, AL 36264
      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.
    7006 Highway 46
    Heflin, AL 36264
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.