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    2414 Kimble Rd Manila, AL 36703

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    2414 Kimble Rd Manila, AL 36703

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    • Lifestyle centers
    • 24,849 SF
    • 2.26 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • OneMain Financial / Loan Service
    • Check `n Go / Loan Service
    • Dollar Tree / Discount Store
    • L & D Nails / Nail Salon
    • Dab City Tobacco & Vape / (Bike/Boat/Book/etc) Store

    Property Details for 2414 Kimble Rd

    Year built
    2003
    Lot size
    2.26 lot acres
    Property size
    24,849 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 24,849-square-foot shopping center in Selma, Alabama, presents a compelling investment opportunity. Boasting 100% occupancy with eight tenants, including Dollar Tree and a high-performing CATO, this property offers a diverse mix of internet-resistant and service-oriented businesses. All leases are triple-net (NNN), providing a stable income stream. The center is shadow-anchored by a top-performing Walmart Supercenter, benefiting from its significant consumer traffic. Built in 2003, the property sits on a 2.26-acre lot with ample parking and a highly visible pylon sign. Located off East Highland Avenue, a major thoroughfare with over 21,828 vehicles passing daily, the center enjoys excellent visibility and accessibility. The property's strong tenant base, prime location, and high occupancy rate contribute to a compelling 8.25% cap rate and a $336,960 net operating income (NOI). The asking price is $4,084,364, translating to $164.37 per square foot. The surrounding area includes numerous national and regional retailers, further enhancing the center's appeal. With a population of 32,724 within a 10-mile radius, this Selma shopping center offers a secure and profitable investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Manila
    County
    Dallas
    State
    Alabama
    Longitude
    -87.0112
    Latitude
    32.433

    Comparable in this City

    • Value Estimation by Request
      3,344 SF

      1516 Selma Ave

      MINI-MALL • 3,344 SF
      1516 Selma Ave, Selma, AL 36703-3860
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    • Value Estimation by Request
      15,402 SF

      4304 Water Ave

      MINI-MALL • 15,402 SF
      4304 Water Ave, Selma, AL 36703
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    • Value Estimation by Request
      1,663 SF

      1245 County Rd 69

      MINI-MALL • 1,663 SF
      1245 County Rd 69, Selma, AL 36703-1033
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    • Value Estimation by Request
      18,260 SF

      1804 Grn St

      MINI-MALL • 18,260 SF
      1804 Grn St, Selma, AL 36703-3323
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    • Value Estimation by Request
      8,372 SF

      1107 Griffin Ave

      MINI-MALL • 8,372 SF
      1107 Griffin Ave, Selma, AL 36703-3702
      View Details
    • Value Estimation by Request
      14,812 SF

      1133 Minter Ave

      SHOPPING CENTER, STRIP CENTER • 14,812 SF
      1133 Minter Ave, Selma, AL 36703-4216
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,849 SF

      Fully Leased Selma Plaza Retail

      24,849 SF multi-tenant retail center in Selma, Alabama.
      2414 Kimble Rd, Selma, AL 36703
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    • Contact for pricing
      24,849 SF

      Selma Plaza Retail Center

      Fully leased retail center anchored by Dollar Tree and CATO.
      2414 Kimble Rd, Selma, AL 36703
      View Details
    • $34,900
      0.34 Acres

      Land For Sale, Selma, AL

      Land available in Selma, Alabama.
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      Selma Multifamily Investment Opportunity

      120-unit apartment community in Selma, Alabama, with value-add potential.
      1300 Cloverdale Rd, Selma, AL 36703
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      Highland Avenue Land Opportunity

      Land available on Highland Avenue, Selma, Alabama.
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      Alabama Avenue Commercial Property For Sale

      Commercial property available for sale on Alabama Avenue.
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    Similar Nearby for Lease

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      Historic Selma Storefront Available

      Historic storefront in Selma, Alabama with revitalization potential.
      1223 Water Ave, Selma, AL 36703
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      Selma Industrial Space For Rent

      Industrial space available for rent in Selma, Alabama.
      1112 Singleton Dr, Selma, AL 36703
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    2414 Kimble Rd
    Manila, AL 36703
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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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