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    605 Central Blvd Tallassee, AL 36078
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    Property profile & analytics

    605 Central Blvd, Tallassee, AL 36078

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    • Specialty properties
    • 1,118 SF
    • 0.60 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • AUTO FINANCE INC / Car Dealership
    • Splash Pools / General Contractor
    • FAST TAX / Tax Preparation

    Property Details for 605 Central Blvd

    Year built
    1995
    Lot size
    0.60 lot acres
    Property type
    Specialty properties
    Property subtype
    Office Spaces

    Description

    This 1,118-square-foot mixed-use building, located at 605 Central Blvd in Tallassee, Alabama, presents a unique investment opportunity. Built in 1995, this Class B property sits on a 0.6-acre lot and is currently vacant, offering flexibility for a variety of uses. Previously utilized as a bank and later a car dealership, the building's location on Highway 14 ensures high visibility and consistent traffic flow. The property features one unit with no loading docks or dock-high doors. The asking price is $168,900. Its adaptable layout and prime location make it ideal for a range of businesses, including but not limited to financial institutions, insurance agencies, or even a return to automotive-related uses. The property's history demonstrates its suitability for diverse commercial applications. This is a rare opportunity to acquire a well-situated commercial property in Tallassee at an attractive price point. The property's size and location offer significant potential for a savvy investor or business owner. The building is ready for immediate occupancy and customization to suit the needs of a new tenant. The 36078 zip code offers access to a strong local market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tallassee
    County
    Tallapoosa
    State
    Alabama
    Longitude
    -85.8756
    Latitude
    32.5411

    Comparable in this City

    • Value Estimation by Request
      400 SF

      Tallassee, AL 36078

      OFFICE/RESIDENTIAL (MIXED USE)
      Tallassee, AL 36078
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    • Value Estimation by Request
      600 SF

      Tallassee, AL 36078

      STORE/OFFICE (MIXED USE)
      Tallassee, AL 36078
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    • Value Estimation by Request
      7,000 SF

      1405 Gilmer Ave, Unit A

      STORE/OFFICE (MIXED USE)
      1405 Gilmer Ave, Tallassee, AL 36078-2321
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    • Value Estimation by Request
      9,372 SF

      2361 Dollar General

      OFFICE/RESIDENTIAL (MIXED USE)
      2361 Dollar General, Tallassee, AL 36078
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    • Value Estimation
      $4,415,000
      51,765 SF

      405 Gilmer Ave

      STORE/OFFICE (MIXED USE)
      405 Gilmer Ave, Tallassee, AL 36078-1213
      View Details
    • Value Estimation
      $605,000
      20,250 SF

      4366 Notasulga Rd

      OFFICE/RESIDENTIAL (MIXED USE)
      4366 Notasulga Rd, Tallassee, AL 36078-6035
      View Details

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    Tallassee, AL 36078
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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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