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    Property profile & analytics

    535 Military St Hamilton, AL 35570

    • Investment properties
    • 61,932 SF
    • 2.80 lot acres
    For Lease
    View listing
    $4 SF/Yr
    Value Estimation
    $830,000
    Location Intelligence
    Property ID
    US03-2119333
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Investment properties

    Property Details for 535 Military St

    Year built
    1967
    Lot size
    2.80 lot acres
    Property size
    61,932 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    49-16-02-03-0-201-023.000
    APU
    491602030201023000

    Description

    Hamilton Commons, a Class B retail shopping center in Hamilton, Alabama, presents a compelling investment opportunity. This 67,437 square foot center, built in 1977, boasts 12 suites and offers multiple tenancy options. Currently, there are three available spaces ranging from 1,200 to 10,000 contiguous square feet, totaling 17,200 square feet of vacant space. The minimum divisible space is 1,200 square feet, providing flexibility for various retail businesses. Strategically located at 535 Military St S, Hamilton, AL 35570, this property benefits from high visibility due to its proximity to a major roadway and ample on-site parking. A key advantage is its anchor tenant, Super Value Grocery, which drives significant foot traffic to the center. This presents a unique chance to establish or expand a retail presence in a thriving commercial area. The property's location ensures excellent accessibility for customers and employees alike. The available spaces offer a great opportunity for businesses seeking a well-established location with strong existing traffic and visibility. This is an ideal opportunity for businesses looking to capitalize on a prime retail location in a growing market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $760,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,085,000
      6.5%
      $1,180,000
      7%
      $1,170,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,125,000
      Geo Method
      $1,200,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,290,000
      Retail
      $1,115,000
      Mixed-Use
      $1,155,000
      Hospitality
      $1,270,000
      Educational
      $1,100,000
      Residential Income
      $1,035,000
      Energy
      $1,115,000
      Income-Based Land
      $1,175,000
      Food Service
      $1,190,000

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Marion
    State
    Alabama
    Longitude
    -87.9891
    Latitude
    34.1375

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $10,662
    $34,080
    $299,100
    $333,180
    -
    $170,420
    $1,495,475
    $1,665,895

    Comparable in this City

    • Value Estimation by Request
      1,756 SF

      2135 Bexar W Ave

      STORE/OFFICE (MIXED USE) • 1,756 SF
      2135 Bexar W Ave, Hamilton, AL 35570-5926
      View Details
    • Value Estimation by Request
      3,200 SF

      Us Hwy 278

      STORE/OFFICE (MIXED USE) • 3,200 SF
      Us Hwy 278, Hamilton, AL 35570
      View Details
    • Value Estimation by Request
      840 SF

      Hamilton, AL 35570

      STORE/OFFICE (MIXED USE) • 840 SF
      Hamilton, AL 35570
      View Details
    • Value Estimation by Request
      5,300 SF

      Hamilton, AL 35570

      STORE/OFFICE (MIXED USE) • 5,300 SF
      Hamilton, AL 35570
      View Details
    • Value Estimation by Request
      1,208 SF

      2nd SW Ave

      STORE/OFFICE (MIXED USE) • 1,208 SF
      2nd SW Ave, Hamilton, AL 35570
      View Details
    • Value Estimation by Request
      1,230 SF

      130 2nd SE Ave

      STORE/OFFICE (MIXED USE) • 1,230 SF
      130 2nd SE Ave, Hamilton, AL 35570
      View Details

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      Commercial building sites available in a high-traffic area.
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    Similar Nearby for Lease

    • Contact for pricing
      3,676 SF

      Hamilton AL KFC Restaurant - Sublease

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    • $4 SF/Yr
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      Hamilton Commons Retail Center

      Alabama Shopping Center - High Traffic Area
      535 Military St, Hamilton, AL 35570
      View Details
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    535 Military St
    Hamilton, AL 35570
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    Realmo Value Estimation

    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.

    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.

    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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