Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    108 Commerce St Greenville, AL 36037-2210

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    108 Commerce St Greenville, AL 36037-2210

    View on Map
    • Office buildings
    • 1,638 SF
    • 0.05 lot acres
    Off-Market
    Property ID
    US03-1336476
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Re/Max Camellia Realty / Real Estate Agency

    Property Details for 108 Commerce St

    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.05 lot acres
    Property size
    1,638 SF
    Property type
    Office buildings
    APN
    10 08 06 23 1 004 010.000
    APU
    100806231004010000

    Description

    This exceptional commercial property, located at 108 E Commerce Street in the heart of historic Downtown Greenville, Alabama, presents a rare opportunity for business owners. Situated directly across from the Post Office, this impeccably maintained building boasts approximately 1700 square feet of usable space, ideal for a variety of commercial ventures. The interior features a blend of hardwood and laminate flooring, adding to its charm and functionality. Two bathrooms provide ample convenience. A significant advantage is the large, open back courtyard, offering versatile potential for outdoor seating, storage, or expansion. Recent upgrades include fresh exterior paint, new signage, and updated lighting, enhancing both curb appeal and functionality. The building's prime location in the vibrant downtown area ensures high visibility and accessibility. This property is move-in ready and represents a unique chance to establish or expand a business in a thriving, historic setting. The asking price is $139,000. The lot size is 0 acres. The property type is classified as General Commercial.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Butler
    State
    Alabama
    Longitude
    -86.6239
    Latitude
    31.8294

    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
    $814
    $0.00
    $0.00
    $19,160
    -
    $4,700
    $91,100
    $95,800

    Comparable in this City

    • Value Estimation by Request
      576 SF

      Greenville, AL 36037

      OFFICE BUILDING • 576 SF
      Greenville, AL 36037
      View Details
    • Value Estimation by Request
      2,782 SF

      Greenville, AL 36037

      OFFICE BUILDING • 2,782 SF
      Greenville, AL 36037
      View Details
    • Value Estimation by Request
      1,209 SF

      Brushy Crk Rd

      OFFICE BUILDING • 1,209 SF
      Brushy Crk Rd, Greenville, AL 36037
      View Details
    • Value Estimation by Request
      3,111 SF

      212 Cedar St

      OFFICE BUILDING • 3,111 SF
      212 Cedar St, Greenville, AL 36037-2206
      View Details
    • Value Estimation by Request
      2,838 SF

      500 Commerce St

      OFFICE BUILDING • 2,838 SF
      500 Commerce St, Greenville, AL 36037-2314
      View Details
    • Value Estimation by Request
      4,634 SF

      672 Hardscramble Rd

      OFFICE BUILDING • 4,634 SF
      672 Hardscramble Rd, Greenville, AL 36037-3615
      View Details

    Similar Nearby for Sale

    • $450,000
      1,176 SF

      Commercial Building on Greenville Bypass

      Two-building commercial property with office, living space, and warehouse.
      318 Greenville Byp, Greenville, AL 36037
      View Details
    • $450,000
      1,176 SF

      Commercial Building on Greenville Bypass

      Two-building commercial property with office, living space, and metal building.
      318 Greenville Byp, Greenville, AL 36037
      View Details
    • $150,000
      1.93 Acres

      Commercial Land on Hwy 10

      1.93 acre commercial land with high visibility and access.
      1610 E Commerce St, Greenville, AL 36037
      View Details
    • $292,500
      13.00 Acres

      Prime Commercial Land in Greenville

      13-acre commercial property with high traffic and development potential.
      Greenville Byp, Greenville, AL 36037
      View Details
    • $120,000
      1,594 SF

      Downtown Greenville Commercial Space

      Renovated commercial space in historic downtown Greenville.
      114 W Commerce St, Greenville, AL 36037
      View Details
    • $135,000
      14.00 Acres

      Approximately 14-Acre Land Parcel

      Land parcel in Camellia Meadows, close to Greenville amenities.
      325 Honoraville Rd, Greenville, AL 36037
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,440 SF

      Office Space for Rent

      Office space available for rent in Greenville, Alabama.
      101 E Commerce St, Greenville, AL 36037
      View Details
    • $8,250 /Mo
      3,313 SF

      Greenville Restaurant Space Available

      Prime Greenville restaurant, 3,313 sq ft.
      91 Cahaba Rd, Greenville, AL 36037
      View Details
    • Contact for pricing

      Retail Center Near Interstate 65

      Retail center with high visibility and accessibility near I-65.
      122 Butler St, Greenville, AL 36037
      View Details
    • Contact for pricing

      Restaurant Space Near I-65

      Restaurant space for sale or lease near Super Walmart and I-65.
      91 Cahaba Rd, Greenville, AL 36037
      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.
    108 Commerce St
    Greenville, AL 36037-2210
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!