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

    Highway 31 Prattville, AL 36067

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Highway 31

    Property type
    Commercial real estate

    Description

    This exceptional 4.29-acre parcel presents a rare investment opportunity in Prattville, Alabama. Strategically located on Highway 31, this property boasts 425 feet of road frontage, ensuring high visibility and accessibility. The land is currently wooded, offering a degree of natural privacy, and is zoned for both commercial and residential development, providing flexibility for a wide range of uses. However, potential buyers are responsible for verifying zoning suitability with the local authorities to ensure their intended use complies with all regulations. Its prime location offers easy access to major roadways, connecting you to the wider Prattville area and beyond. Proximity to local amenities, shopping centers, and schools adds further value to this versatile property. Whether you envision a bustling commercial enterprise or a tranquil residential haven, this land offers significant potential for growth and development. The high traffic count on Highway 31 makes this an ideal location for businesses seeking maximum exposure. Don't miss this chance to acquire a significant piece of land in a thriving Alabama community. The asking price is $74,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Prattville
    County
    Autauga
    State
    Alabama
    Longitude
    -86.4539
    Latitude
    32.4932

    Comparable in this City

    • Value Estimation by Request
      22.89 Acres

      Grouby Airport Rd

      Farms • 22.89 Acres
      0 Grouby Airport Rd, Prattville, AL 36067
      View Details
    • Value Estimation by Request
      1,200 SF

      701 Dozier Ave

      COMMERCIAL (GENERAL) • 1,200 SF
      701 Dozier Ave, Prattville, AL 36067-5707
      View Details
    • Value Estimation by Request
      2,250 SF

      1793 Hwy 82nd W

      COMMERCIAL (GENERAL) • 2,250 SF
      1793 Hwy 82nd W, Prattville, AL 36067-7058
      View Details
    • Value Estimation by Request
      25.39 Acres

      Prattville AL USA Grouby Airport Rd

      Farms • 25.39 Acres
      Prattville AL USA Grouby Airport Rd, Prattville, AL 36067
      View Details
    • Value Estimation by Request
      2.80 Acres

      82 & 31 Mcqueen Smith Rd & Hwy

      Land • 2.80 Acres
      82 & 31 Mcqueen Smith Rd & Hwy, Prattville, AL 36067
      View Details
    • Value Estimation by Request
      5,400 SF

      175 Hwy 82nd E Byp

      COMMERCIAL (GENERAL) • 5,400 SF
      175 Hwy 82nd E Byp, Prattville, AL 36067-4630
      View Details

    Similar Nearby for Sale

    • $2,250,000
      42.30 Acres

      Prime Prattville Commercial Land

      42.3 Acres, High Visibility, $2.25M
      31 & 82 Hwy, Prattville, AL 36067
      View Details
    • $89,900

      Prattville Commercial Building - Great Price!

      1550 sq ft building, .5 acre lot, high visibility.
      1717 Memorial Dr, Prattville, AL 36067
      View Details
    • $395,000

      Prattville Church Building For Sale

      Spacious church with ample meeting space.
      1353 Reed St, Prattville, AL 36067
      View Details
    • $175,000
      3.47 Acres

      Prattville Commercial Land - $175K

      3.47 Acres, B-Zoned, High Potential
      0 Gin Shop Hill Rd, Prattville, AL 36067
      View Details
    • $89,900
      1,554 SF

      Prattville Commercial Building For Sale

      1554 SF building on 0.5 acre lot in Prattville, AL.
      1717 S Memorial Dr, Prattville, AL 36067
      View Details
    • $229,000
      18.32 Acres

      Prattville Land with Pond, Creek

      18.32 acre homesite with pond and creek near Prattville.
      182 County Road 29, Prattville, AL 36067
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      75,098 SF

      Prattville Retail Center Investment

      High-traffic retail spaces available.
      151 Memorial Dr, Prattville, AL 36067
      View Details
    • $825 /Mo

      Retail Space in Prattville, AL

      Retail space ideal for small businesses in a family-friendly area.
      963 S Memorial Dr, Prattville, AL 36067
      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.
    Highway 31
    Prattville, AL 36067
    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.