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    1711-1703 59Th St Valley, AL 36854
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    1711-1703 59Th St, Valley, AL 36854

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    • Retail properties & Spaces
    • 6,306 SF
    • 0.30 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 1711-1703 59Th St

    Year built
    1960
    Lot size
    0.30 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional five-unit retail property, located at 1711-1703 59th St East in Valley, Alabama, presents a compelling investment opportunity. Boasting a total of 6,306 square feet on a 0.3-acre lot, the property enjoys a prime location, offering high visibility directly off Highway 29 and convenient access to I-85 (less than 10 minutes away). Currently operating at full occupancy, this asset provides immediate and consistent cash flow. Recent upgrades significantly enhance the property's value and appeal. These improvements include new HVAC systems in two units, new luxury vinyl tile (LVT) flooring and toilets in three bathrooms, and new carpet, paint, and ceiling tiles in three units. One unit also features a new water heater. Exterior enhancements are equally impressive, with recent caulking and painting of the building exterior, resealing and striping of the parking lot, and a well-maintained rubber membrane roof. The property's ample parking further adds to its desirability. Showings are by appointment only, and viewing hours are restricted. Detailed lease information and further specifics are available upon request. This is a rare opportunity to acquire a well-maintained, high-performing retail center in a thriving location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Valley
    County
    Chambers (AL)
    State
    Alabama
    Longitude
    -85.1698
    Latitude
    32.8158

    Comparable in this City

    • Value Estimation by Request
      28,000 SF

      3741 20Th Ave

      Individual retail properties
      3741 20Th Ave, Valley, AL 36854
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    • Value Estimation by Request
      2,160 SF

      3rd Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      3rd Ave, Valley, AL 36854
      View Details
    • Value Estimation by Request
      1,110 SF

      1701 59th St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      1701 59th St, Valley, AL 36854-3922
      View Details
    • Value Estimation by Request
      2,880 SF

      2035 Columbus Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      2035 Columbus Rd, Valley, AL 36854-5808
      View Details
    • Value Estimation by Request
      3,200 SF

      1030 Columbus Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      1030 Columbus Rd, Valley, AL 36854-5832
      View Details
    • Value Estimation by Request
      6.90 Acres

      Fob James Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      Fob James Dr, Valley, AL 36854
      View Details

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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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