Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1115 2 Ave Hwy Oneonta, AL 35121
    Back to Search
    Property profile & analytics

    1115 2 Ave Hwy, Oneonta, AL 35121

    View on Map
    • Retail properties & Spaces
    • 1.93 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1115 2 Ave Hwy

    Lot size
    1.93 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Land

    Description

    This exceptional 1.93-acre commercial development site is ideally situated in Oneonta, Alabama, at 1115 2nd Avenue East (Hwy 75). Located on the main retail corridor between the downtown area and a Walmart, this property boasts high traffic counts, making it an attractive investment opportunity. The site is zoned for commercial use and offers significant flexibility for developers. Potential uses are numerous, catering to a wide range of businesses. The property's prime location ensures excellent visibility and accessibility for customers. The "build-to-suit" option allows for customized development to meet specific tenant requirements, while ground lease or outright sale options provide flexibility for investors. Pylon signage is available, enhancing marketing and brand visibility. This is a rare opportunity to acquire a strategically positioned retail parcel in a growing Alabama market. The property's size and location make it an excellent choice for a variety of commercial ventures. Blount County location and proximity to major retailers further enhance its appeal. This property is offered for sale.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Oneonta
    County
    Blount
    State
    Alabama
    Longitude
    -86.4626
    Latitude
    33.9586

    Comparable in this City

    • Value Estimation by Request
      1.93 Acres

      1115 2Nd Ave

      Individual retail properties
      1115 2Nd Ave, Oneonta, AL 35121
      View Details
    • Value Estimation by Request
      3.40 Acres

      2018 2Nd Ave

      Farms
      2018 2Nd Ave, Oneonta, AL 35121
      View Details
    • Value Estimation by Request
      5,086 SF

      Oneonta, AL 35121

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      Oneonta, AL 35121
      View Details
    • Value Estimation by Request
      1.00 Acre

      1811 2Nd Ave

      Automotive properties
      1811 2Nd Ave, Oneonta, AL 35121
      View Details
    • Value Estimation by Request
      3,774 SF

      562 Washburn Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      562 Washburn Dr, Oneonta, AL 35121-9444
      View Details
    • Value Estimation by Request

      997 2Nd Ave

      Shopping centers
      997 2Nd Ave, Oneonta, AL 35121
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land in Growing Market

      Highly visible commercial land suitable for various business uses.
      1909 2Nd Ave, Oneonta, AL 35121
      View Details
    • $269,900
      0.02 Acres

      Downtown Oneonta Retail Space

      High-visibility commercial building, prime location.
      301 2Nd Ave, Oneonta, AL 35121
      View Details
    • $269,900

      Downtown Oneonta Retail Gem

      Stunning remodeled building, prime location.
      324 1St Ave, Oneonta, AL 35121
      View Details
    • $39,900
      0.02 Acres

      Land with Highland Lake View

      Lot with lake view and community amenities in ONEONTA, AL.
      15 Sunset Strip, Oneonta, AL 35121
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase in Oneonta, Alabama.
      15 Sunset Strip, Oneonta, AL 35121
      View Details
    • $289,500
      65.00 Acres

      65 Acres Near Downtown Oneonta

      65 acres near downtown Oneonta, ideal for building.
      00 Hwy 27, Oneonta, AL 35121
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Grocery Anchored Outparcel Opportunity

      Outparcel for ground lease or build to suit available.
      997 2Nd Ave E, Oneonta, AL 35121
      View Details
    • Contact for pricing

      Oneonta Retail Outparcel Opportunity

      Retail outparcel available for ground lease or build to suit.
      Alabama 75, Oneonta, AL 35121
      View Details
    • Contact for pricing
      1,202 SF

      Retail Space in Prime Location

      Retail space available in a high-traffic location.
      410 2Nd Ave E, Oneonta, AL 35121
      View Details
    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Oneonta, Alabama.
      1115 2Nd Ave East Hwy75, Oneonta, AL 35121
      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.
    1115 2 Ave Hwy
    Oneonta, AL 35121
    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
    1115 2 Ave Hwy, Oneonta, AL, 35121
    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!