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    3050 Al-5 Thomasville, AL 36784

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    3050 Al-5 Thomasville, AL 36784

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    • Retail properties & Spaces
    • 61,225 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 3050 Al-5

    Year built
    2003
    Property size
    61,225 SF
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity is located within the North Chase Shopping Center, a 61,225-square-foot neighborhood center situated on US-43, a major thoroughfare between Mobile and Montgomery, boasting high traffic volume. The property offers a single available space ranging from 1,750 to 3,500 contiguous square feet, ideal for a variety of retail uses. The entire center comprises five suites, and this space is part of 13,160 square feet currently vacant. Built in 2003, this single-story Class C building sits on a 3.67-acre lot. The center enjoys a prime location, just one mile from the Thomasville Health Care Center and within a mile of all five local industrial parks, ensuring a strong customer base. Established tenants include Hibbits Sporting Goods, Citi Trends, Dollar Tree, It's Fashion Metro, and Rent-A-Center, providing a strong anchor for the center and attracting significant foot traffic. This space presents a unique chance to establish or expand a retail business in a thriving Alabama community. The minimum divisible space is 1,750 square feet. Serious inquiries only.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Thomasville
    County
    Marengo
    State
    Alabama
    Longitude
    -87.7343
    Latitude
    31.9438

    Comparable in this City

    • Value Estimation by Request
      41,305 SF

      33225 Us-43

      Individual retail properties • 41,305 SF
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    • Value Estimation by Request
      3,600 SF

      2460 Joe Davis Ind Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,600 SF
      2460 Joe Davis Ind Blvd, Thomasville, AL 36784-2681
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    • Value Estimation by Request
      1,000 SF

      9 Alabama W Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,000 SF
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    • Value Estimation by Request
      6,723 SF

      Bashi Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,723 SF
      Bashi Rd, Thomasville, AL 36784
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    • Value Estimation by Request
      2,800 SF

      Dummy Line Ln

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,800 SF
      Dummy Line Ln, Thomasville, AL 36784
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    • Value Estimation by Request
      5,600 SF

      Gunn Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,600 SF
      Gunn Rd, Thomasville, AL 36784
      View Details

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    Similar Nearby for Lease

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      Neighborhood Shopping Center Retail Space

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      Neighborhood Shopping Center For Rent

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    Thomasville, AL 36784
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    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
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