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    110 Alabama Rd Adel, GA 31620

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    110 Alabama Rd Adel, GA 31620

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    • Retail space
    • 2,500 SF
    • 0.98 lot acres
    Off-Market
    Property ID
    US22-4602361
    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

    • Retail space

    Property Details for 110 Alabama Rd

    Year built
    2024
    Lot size
    0.98 lot acres
    Property size
    2,500 SF
    Property type
    Retail space
    Property subtype
    Storefront properties

    Description

    This exceptional investment opportunity presents a brand-new, 2,500 square-foot Starbucks located at 110 Alabama Road, Adel, GA 31620. Built in 2024, this property boasts a 20-year roof warranty and a compelling net lease structure with a corporate guarantee from Starbucks Corporation (SBUX). The lease, commencing January 9, 2024, and expiring September 30, 2034, offers a remaining term of 9.9 years, with six five-year renewal options. Rent increases of 10% every five years provide a strong hedge against inflation. The property enjoys a prime location adjacent to a Walmart Supercenter, ensuring high visibility and foot traffic. The area also features a robust concentration of national retailers, including Burger King, Taco Bell, Wendy's, McDonald's, and more. The 0.979-acre lot contributes to the property's significant value. The current net operating income (NOI) is $177,500, resulting in a 6.00% cap rate and a price per square foot of $1,183.33. The asking price for this exceptional investment is $2,958,333. This strategically located Starbucks benefits from proximity to Cook County Airport and Cook Medical Center, further enhancing its investment potential. There is no kick-out clause in the lease. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term growth potential.

    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
    Adel
    County
    Cook
    State
    Georgia
    Longitude
    -83.442548913706
    Latitude
    31.137825666974

    Comparable in this City

    • $99,500
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      Downtown Adel Commercial Opportunity

      Charming commercial property in historic downtown Adel, Georgia.
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    • $149,500
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      Downtown Adel Retail/Office Opportunity

      Prime retail or office property in Downtown Adel, Georgia.
      134 Hutchinson Ave, Adel, GA 31620
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    • Contact for pricing
      1,860 SF

      Retail Suites in Central Adel

      Three retail suites in central Adel, Georgia, for sale.
      508 W 4Th St, Adel, GA 31620
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      Restaurant and Apartment Opportunity

      Restaurant/bar with apartment for additional revenue.
      112 S Hutchinson Ave, Adel, GA 31620
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    • $129,000
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      Adel, GA Commercial Opportunity

      Restaurant/bar with apartment in Adel, Georgia for sale.
      112 Hutchinson Ave, Adel, GA 31620
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    • $249,900
      1,860 SF

      Adel Retail Center: Prime Location

      High-traffic retail space, 1860 sq ft
      508 4Th St, Adel, GA 31620
      View Details

    Similar Nearby for Sale

    • $99,500
      1,000 SF

      Downtown Adel Commercial Opportunity

      Charming commercial property in historic downtown Adel, Georgia.
      110 Hutchinson Ave, Adel, GA 31620
      View Details
    • $149,500
      2,000 SF

      Downtown Adel Retail/Office Opportunity

      Prime retail or office property in Downtown Adel, Georgia.
      134 Hutchinson Ave, Adel, GA 31620
      View Details
    • Contact for pricing
      1,860 SF

      Retail Suites in Central Adel

      Three retail suites in central Adel, Georgia, for sale.
      508 W 4Th St, Adel, GA 31620
      View Details
    • Contact for pricing

      Restaurant and Apartment Opportunity

      Restaurant/bar with apartment for additional revenue.
      112 S Hutchinson Ave, Adel, GA 31620
      View Details
    • $129,000
      1,830 SF

      Adel, GA Commercial Opportunity

      Restaurant/bar with apartment in Adel, Georgia for sale.
      112 Hutchinson Ave, Adel, GA 31620
      View Details
    • $249,900
      1,860 SF

      Adel Retail Center: Prime Location

      High-traffic retail space, 1860 sq ft
      508 4Th St, Adel, GA 31620
      View Details
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    Adel, GA 31620
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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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