Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    101 Main St Prattville, AL 36067-3113

    • Gas stations
    • 1,125 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2994501
    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

    • Gas stations

    Property Details for 101 Main St

    Year built
    1972
    Lot size
    0.25 lot acres
    Property size
    1,125 SF
    Property type
    Gas stations
    APN
    19-04-17-1-001-010.000
    APU
    1904171001010000

    Description

    This exceptional retail property, located at 101 E Main St in Prattville, Alabama, presents a unique investment opportunity. The 1,125 square foot building, constructed in 1972, sits on a 0.25-acre lot and is zoned B-2. Currently configured as a gas station, restaurant, and storefront, this versatile property offers significant potential for various commercial uses. Its prime location in charming downtown Prattville ensures high visibility and accessibility. The property benefits from its proximity to The Mill at Prattville, a revitalized complex featuring 127 loft-style apartments. Furthermore, the upcoming completion of a new outdoor venue in 2025 promises to further enhance the area's appeal and stimulate economic growth, attracting more residents and visitors. The property is conveniently located approximately 5 miles from I-85 and 5 miles from Montgomery via Highway 31. Prattville's population is approximately 39,076 (2023), experiencing a 1.03% annual growth rate (2023). This single-story building presents a solid investment opportunity in a thriving Alabama community. The asking price for this Class C property is $600,500.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Prattville
    County
    Autauga
    State
    Alabama
    Longitude
    -86.4724
    Latitude
    32.4599
    CBSA code
    33860
    CBSA name
    MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

    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
    2024
    $928
    $0.00
    $0.00
    $29,920
    -
    $76,200
    $73,400
    $149,600

    Comparable in this City

    • Value Estimation by Request
      2,244 SF

      101 Memorial Dr

      SERVICE STATION (FULL SERVICE) • 2,244 SF
      101 Memorial Dr, Prattville, AL 36067-3332
      View Details
    • Value Estimation by Request
      1,274 SF

      1392 Hwy 31st N

      SERVICE STATION (FULL SERVICE) • 1,274 SF
      1392 Hwy 31st N, Prattville, AL 36067-1922
      View Details
    • Value Estimation by Request
      1,118 SF

      1381 Hwy 82nd W

      SERVICE STATION (FULL SERVICE) • 1,118 SF
      1381 Hwy 82nd W, Prattville, AL 36067-7006
      View Details
    • Value Estimation by Request
      1,540 SF

      1068 Memorial Dr

      RETAIL STORES (PERSONAL SERVICES) • 1,540 SF
      1068 Memorial Dr, Prattville, AL 36067-6217
      View Details
    • Value Estimation by Request
      2,100 SF

      844 Memorial Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      844 Memorial Dr, Prattville, AL 36067-5714
      View Details
    • Value Estimation by Request
      1,107 SF

      1131 Old Hwy 31

      RETAIL STORES (PERSONAL SERVICES) • 1,107 SF
      1131 Old Hwy 31, Prattville, AL 36067-6201
      View Details

    Similar Nearby for Sale

    • $89,900
      1,554 SF

      Prattville Commercial Building For Sale

      1554 SF building on 0.5 acre lot in Prattville, AL.
      1717 S Memorial Dr, Prattville, AL 36067
      View Details
    • Contact for pricing
      2,481 SF

      Former QSR with Drive-Thru

      Former QSR with drive-thru, perfect for redevelopment.
      400 S Memorial Dr, Prattville, AL 36067
      View Details
    • $120,000
      8.06 Acres

      Unrestricted Land in Prattville, AL

      8+ acres with utilities ready for development.
      239 County Road 62, Prattville, AL 36067
      View Details
    • $34,900
      4.06 Acres

      Land Parcel in Prattville, AL

      4.06 acre land parcel in Autauga County, Alabama.
      Oak Grv, Prattville, AL 36067
      View Details
    • Contact for pricing
      0.15 Acres

      Land in Prattville, Alabama

      Flat lot suitable for building in a convenient location.
      Meharry St, Prattville, AL 36067
      View Details
    • $189,900

      Updated Duplex with Income Potential

      Updated duplex featuring two homes, ideal for investors or homeowners.
      670 Lower Kingston Rd, Prattville, AL 36067
      View Details

    Similar Nearby for Lease

    • $825 /Mo

      Retail Space in Prattville, AL

      Retail space ideal for small businesses in a family-friendly area.
      963 S Memorial Dr, Prattville, AL 36067
      View Details
    • Contact for pricing
      75,098 SF

      Prattville Retail Center Investment

      High-traffic retail spaces available.
      151 Memorial Dr, Prattville, AL 36067
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    101 Main St
    Prattville, AL 36067-3113
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.