Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    9828 Us-31 Atmore, AL 36502
    Back to Search
    Property profile & analytics

    9828 Us-31, Atmore, AL 36502

    View on Map
    • Retail properties & Spaces
    • 1,200 SF
    • 0.74 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 9828 Us-31

    Year built
    1972
    Lot size
    0.74 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Atmore
    County
    Escambia
    State
    Alabama
    Longitude
    -87.4501
    Latitude
    31.0252

    Comparable in this City

    • Value Estimation by Request

      10,800 SF Commercial Building For Sale

      10,800 SF Commercial Building For Sale
      9828 us 31, Atmore, AL 36502
      View Details
    • Value Estimation by Request
      10,640 SF

      907 Nashville Ave

      Restaurants
      907 Nashville Ave, Atmore, AL 36502
      View Details
    • Value Estimation by Request

      Retail/ Wholesale/ Warehouse Building with 1.68+/- AC For Sale

      Retail/ Wholesale/ Warehouse Building with 1.68+/- AC For Sale
      507 N Main St, Atmore, AL 36502
      View Details
    • Value Estimation by Request

      8,110 SF Retail/Wholesale/Warehouse Building with 1.68+/- AC For Sale

      8,110 SF Retail/Wholesale/Warehouse Building with 1.68+/- AC For Sale
      507 N Main St, Atmore, AL 36502
      View Details
    • Value Estimation by Request

      2,016 SF Restaurant Foreclosure with some Equipment Included For Sale

      2,016 SF Restaurant Foreclosure with some Equipment Included For Sale
      312 E Ridgeley St, Atmore, AL 36502
      View Details
    • Value Estimation by Request
      9,555 SF

      207 Church St

      RETAIL STORES (PERSONAL SERVICES)
      207 Church St, Atmore, AL 36502-2528
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      10,800 SF

      Established Retail Building For Sale

      Well-established 10,800 SF retail building with ample parking.
      9828 Us 31, Atmore, AL 36502
      View Details
    • $395,000
      0.91 Acres

      Prime Atmore Commercial Lot

      High-visibility storefront, vacant, $395,000
      1010 Main St, Atmore, AL 36502
      View Details
    • Contact for pricing

      Downtown Atmore Retail/Commercial Space

      4,800+ sqft commercial property in Atmore's Historic Downtown.
      111 W Ridgeley St, Atmore, AL 36502
      View Details
    • $1,825,000
      65,000 SF

      High-Yield NNN Portfolio in AL

      Established profitable tire & auto repair portfolio.
      122 East Nashville Ave, Atmore, AL 36502
      View Details
    • $315,000
      4,836 SF

      Atmore Retail Space For Sale

      Downtown Atmore retail space, high foot traffic.
      111 W Ridgeley St, Atmore, AL 36502
      View Details
    • $299,325
      5,400 SF

      Historic Atmore Mixed-Use Building

      Downtown Atmore gem: live & work!
      115 N main street, Atmore, AL 36502
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Available For Rent

      Single tenant retail space available, totaling 21,209 square feet.
      141 Lindberg Ave, Atmore, AL 36502
      View Details
    • Contact for pricing

      Versatile Warehouse in Growing Atmore

      Warehouse with business flexibility on 5 acres in Atmore.
      1808 S Main St, Atmore, AL 36502
      View Details
    • $8 SF/Yr
      10,000 SF

      Atmore Warehouse: 10,000 SF & 5 Acres

      Prime Atmore warehouse, lease or buy. Excellent location.
      1808 S Main St, Atmore, AL 36502
      View Details
    • $12 SF/Yr
      5,000 SF

      Atmore Warehouse Space For Lease

      5,000 SF warehouse, flexible lease terms.
      1808 S Main St, Atmore, AL 36502
      View Details
    • $4 SF/Yr
      400,000 SF

      Atmore, AL Warehouse Space

      Large Atmore warehouse, flexible lease options.
      209 Carpet Drive, Atmore, AL 36502
      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.
    9828 Us-31
    Atmore, AL 36502
    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
    9828 Us-31, Atmore, AL, 36502
    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!