Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    5326 Us Highway 231 Wetumpka, AL 36092

    Property Lookup

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

    5326 Us Highway 231 Wetumpka, AL 36092

    View on Map
    • Neighborhood centers
    • 94,549 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 5326 Us Highway 231

    Property size
    94,549 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties & Spaces

    Description

    Toulouse Village, a Class A retail strip center in Wetumpka, Alabama, offers 94,549 square feet of retail space with 30,480 square feet currently vacant. Located at 5326 US Highway 231, this property boasts excellent visibility and accessibility, situated on a 9.54-acre lot and zoned B-1 (General Business). The center features recently completed renovations and enjoys high traffic counts (36,400 AADT) on US Highway 231, a major economic and retail corridor in Wetumpka. Spaces range from a minimum of 1,265 square feet to a maximum contiguous space of 27,140 square feet, making it suitable for a variety of retail businesses. The property's prime location offers convenient access to numerous community amenities, including the Wetumpka Recreation Center, Gold Star Park, Wetumpka Civic Center, Fitzpatrick Lake, and Coosa Outdoor Center. Wetumpka itself is experiencing rapid growth, with a population increase of 29.12%, making this a highly desirable location for retail investment. Elmore County location provides access to a growing consumer base. This is an exceptional opportunity to establish or expand a retail presence in a thriving Alabama market.

    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
    -86.1955
    Latitude
    32.6381

    Comparable in this City

    • Value Estimation by Request
      7,100 SF

      5039 Us-231

      Neighborhood centers • 7,100 SF
      5039 Us-231, Wetumpka, AL 36092
      View Details
    • Value Estimation by Request
      60,163 SF

      4896 Us-231

      Neighborhood centers • 60,163 SF
      4896 Us-231, Wetumpka, AL 36092
      View Details
    • Value Estimation
      $5,235,000
      53,308 SF

      Us Hwy 231

      SHOPPING CENTER, STRIP CENTER • 53,308 SF
      Us Hwy 231, Wetumpka, AL 36092
      View Details
    • Value Estimation
      $885,000
      8,100 SF

      74511 Tallassee Hwy Ofc

      SHOPPING CENTER, STRIP CENTER • 8,100 SF
      74511 Tallassee Hwy Ofc, Wetumpka, AL 36092-5516
      View Details
    • Value Estimation by Request
      3.00 Acres

      229 Hatch Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3.00 Acres
      229 Hatch Dr, Wetumpka, AL 36092-6094
      View Details
    • Value Estimation by Request
      2,655 SF

      Broad St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,655 SF
      Broad St, Wetumpka, AL 36092
      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

      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 in Growing Area

      Shopping center with high visibility in Wetumpka, Alabama.
      4896 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
    • $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

      Retail Space Near Walmart

      Retail spaces available near Walmart Supercenter on US Highway 231.
      4656 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.
    5326 Us Highway 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!