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    1283 Us-72 Killen, AL 35645
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    Property profile & analytics

    1283 Us-72, Killen, AL 35645

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    • Office Spaces
    • 4,500 SF
    • 0.19 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1283 Us-72

    Year built
    1992
    Lot size
    0.19 lot acres
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This fee-simple commercial building, located at 1283 US-72 in Killen, Alabama (35645), offers 4,500 square feet of versatile office space, ideal for a variety of uses including creative, medical, or traditional office settings. The property sits on a 0.19-acre lot and boasts convenient ingress/egress from Highway 72 and JC Mauldin, ensuring high visibility and accessibility. Built in 1992, the building features approximately 2,700 square feet on the main level and 1,800 square feet in a finished basement. The main level offers an open floor plan, complemented by restrooms, several private offices, and a break room. The basement level provides a separate entrance, parking, and two garage doors, presenting potential for storage or conversion into a second tenant space. With an asking price of $325,000 ($72.22 per square foot), this property represents a strong investment opportunity. The high traffic location, with a 2023 ALDOT traffic count of 22,557 vehicles daily, ensures significant exposure. The property's APN is 16-07-25-0-004-001.001. This is a single-building property offering significant potential for growth and return.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Killen
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.5472
    Latitude
    34.8568

    Comparable in this City

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      1,300 SF

      Hwy 72

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      1,793 SF

      6550 Hwy 72

      OFFICE BUILDING
      6550 Hwy 72, Killen, AL 35645-8252
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    • Value Estimation by Request
      6,000 SF

      101 Pioneer Dr

      OFFICE BUILDING
      101 Pioneer Dr, Killen, AL 35645-7913
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      3,342 SF

      210 J C Mauldin Hwy

      OFFICE BUILDING
      210 J C Mauldin Hwy, Killen, AL 35645
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    • Value Estimation by Request
      4,000 SF

      1545 Elm Dr

      OFFICE BUILDING
      1545 Elm Dr, Killen, AL 35645-6745
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    • Value Estimation by Request
      4,436 SF

      1303 Hwy 72

      OFFICE BUILDING
      1303 Hwy 72, Killen, AL 35645-9136
      View Details

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      3,379 SF

      Medical Building on Highway 72

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    • $350,000
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      Killen, AL Commercial Opportunity

      High-visibility corner lot on Highway 72, Killen, AL.
      2100 Highway 72, Killen, AL 35645
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      8,114 SF

      Prime Land on Hwy 72

      14.5 acres on Hwy 72, Killen, AL, for sale.
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      Wooded Land Near Town

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    Killen, AL 35645
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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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