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

    Us Highway 72 Athens, AL 35611

    • Land
    • 31.00 lot acres
    For Sale
    View listing
    $7,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Us Highway 72

    Lot size
    31.00 lot acres
    Property type
    Land

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Limestone
    State
    Alabama
    Longitude
    -86.857
    Latitude
    34.7642

    Comparable in this City

    • Value Estimation by Request
      0.76 Acres

      10 Commercial Dr Jefferson St

      Land • 0.76 Acres
      10 Commercial Dr Jefferson St, Athens, AL 35611
      View Details
    • Value Estimation by Request
      0.90 Acres

      Hwy 72

      Land • 1 SF
      0 Hwy 72, Athens, AL 35611
      View Details
    • Value Estimation by Request
      9.38 Acres

      French Farms Blvd

      Land • 9.38 Acres
      0 French Farms Blvd, Athens, AL 35611
      View Details
    • Value Estimation by Request
      294.00 Acres

      Davis Rd

      Land • 294.00 Acres
      0 Davis Rd, Athens, AL 35611
      View Details
    • Value Estimation by Request
      0.92 Acres

      13 Commercial Dr

      Land • 0.92 Acres
      13 Commercial Dr, Athens, AL 35611
      View Details
    • Value Estimation by Request
      157.00 Acres

      19230 Huntsville Brownsferry Rd

      Land • 157.00 Acres
      19230 Huntsville Brownsferry Rd, Athens, AL 35611
      View Details

    Similar Nearby for Sale

    • $900,000
      9.38 Acres

      Athens Commercial Land - 9.38 Acres

      Prime Athens location, high visibility, development potential.
      0 French Farms Blvd, Athens, AL 35611
      View Details
    • Contact for pricing
      2.10 Acres

      Prime Midtown Retail Space

      Two Suites Available, High Visibility
      2015 Us Highway 72, Athens, AL 35611
      View Details
    • $599,000
      18.00 Acres

      18 Acres Athens Commercial Land

      High-visibility, 18-acre development opportunity.
      7333 Us Highway 72, Athens, AL 35611
      View Details
    • Contact for pricing
      254.00 Acres

      Athens Commercial Land - 254 Acres

      Prime Alabama development opportunity. High-traffic location, near Toyota/Mazda.
      0 Swan Creek Dr, Athens, AL 35611
      View Details
    • $2,158,000
      10.79 Acres

      Prime Athens Commercial Land

      10.79 Acres, Hwy 72 Frontage
      0 Us Highway 72, Athens, AL 35611
      View Details
    • $7,000,000
      31.00 Acres

      0000 HIGHWAY 72 WEST W

      Land • 31.00 Acres
      0 Us Highway 72, Athens, AL 35611
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,930 SF

      Athens Shopping Center: Prime Retail Space

      Grocery-anchored retail center; four spaces available.
      608 Jefferson St, Athens, AL 35611
      View Details
    • Contact for pricing

      Restaurant Space on US Highway

      Freestanding 5,486 SF restaurant space available for lease.
      1402 Us Highway 72, Athens, AL 35611
      View Details
    • $1,645 /Mo
      47,916 SF

      Retail Space in Athens, AL

      Retail property available for lease in Athens, Alabama.
      16100 Poplar Creek Rd, Athens, AL 35611
      View Details
    • Contact for pricing
      5,000 SF

      Athens Warehouse: 5,000 SF Available

      Prime Limestone County warehouse space. Ideal for industrial users.
      0 Mary Alice Way, Athens, AL 35611
      View Details
    • Contact for pricing
      20,096 SF

      Athens Town Center Retail Space

      Prime Retail Space, Athens, AL
      601 Us Highway 72, Athens, AL 35611
      View Details
    • Contact for pricing
      8,096 SF

      Retail Space in Athens Town Center

      Regional shopping center with suites available for lease.
      601-629 Us Highway 72 W, Athens, AL 35611
      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.
    Us Highway 72
    Athens, AL 35611
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.