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    Property profile & analytics

    110 Bridge St Wetumpka, AL 36092

    • Retail space
    • 1,364 SF
    • 0.03 lot acres
    For Sale
    View listing
    $899,000
    Last Sale
    Jul 30, 2021
    $225,000
    Value Estimations
    Cap Rate Potential
    6.1%
    Retail space
    Location Intelligence
    Property ID
    US03-1961941
    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

    • Restoration Coffee House / Coffee Shop

    Property Details for 110 Bridge St

    Year built
    1900
    Lot size
    0.03 lot acres
    Property size
    1,364 SF
    Property type
    Retail space
    APN
    17-04-18-3-301-054.000
    APU
    1704183301054000

    Description

    This stunning, three-story mixed-use building in downtown Wetumpka, Alabama, presents a compelling value-add investment opportunity. Built in 1896 and extensively renovated in 2022, this 3,092 square foot property boasts original architectural details, including black and white penny round tile, a copper ceiling, and reclaimed wood throughout. Currently, the building is 63% occupied, with a prominent tenant—Restoration Coffee, featured on HGTV—occupying a portion of the space. A multi-tenant lease is in place with a remaining term of approximately 3.1 years (commencing January 1, 2024, and expiring December 31, 2027). The third floor features a large office space complete with a restroom and bar area, and all windows have been recently replaced. The building also retains its original bank vault in the basement and stairs salvaged from the Hotel Tallassee. Situated on a 0.22-acre lot (APN: 17 04 18 3 301 054.000), this prime location offers easy access to local amenities, including numerous restaurants. The property's strong NOI of $36,354 contributes to an attractive 4.04% cap rate at an asking price of $899,000 ($290.75/sq ft). Its proximity to Gold Star Park (approx. 0.2 miles) and major transportation routes (approx. 9.5 miles to Montgomery and 14 miles to I-85) further enhances its appeal. This is a rare chance to acquire a beautifully restored historic building with significant upside potential in a thriving downtown area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $250,000
      ML approach
      $245,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $250,000
      6.5%
      $235,000
      7%
      $215,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Wetumpka
    County
    Elmore
    State
    Alabama
    Longitude
    -86.2049
    Latitude
    32.5374
    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
    2023
    $271
    $9,830
    $47,200
    $57,030
    -
    $9,830
    $47,200
    $57,030

    Comparable in this City

    • Value Estimation
      $315,000
      2,130 SF

      109 Brg St

      RETAIL STORES (PERSONAL SERVICES) • 2,130 SF
      109 Brg St, Wetumpka, AL 36092-2712
      View Details
    • Value Estimation
      $300,000
      2,319 SF

      231 Hl St

      RETAIL STORES (PERSONAL SERVICES) • 2,319 SF
      231 Hl St, Wetumpka, AL 36092-2722
      View Details
    • Value Estimation
      $260,000
      1,600 SF

      6295 Holtville Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
      6295 Holtville Rd, Wetumpka, AL 36092-3420
      View Details
    • Value Estimation
      $145,000
      3,264 SF

      4838 Central Plank Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,264 SF
      4838 Central Plank Rd, Wetumpka, AL 36092-4300
      View Details
    • Value Estimation
      $310,000
      8,313 SF

      102 Ct St

      RETAIL STORES (PERSONAL SERVICES) • 8,313 SF
      102 Ct St, Wetumpka, AL 36092-2709
      View Details
    • Value Estimation
      $350,000
      2,616 SF

      105 Brg St

      RETAIL STORES (PERSONAL SERVICES) • 2,616 SF
      105 Brg St, Wetumpka, AL 36092-2757
      View Details

    Similar Nearby for Sale

    • $580,000
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      Downtown Wetumpka Storefront

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      Historic Mixed-Use Building in Wetumpka

      Three-story historic building in downtown Wetumpka with income-generating tenants.
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    • $899,000
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      Wetumpka Mixed-Use Investment

      Historic building, high ROI potential.
      110 Bridge St, Wetumpka, AL 36092
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    • $569,000

      Prime Wetumpka Land - 127 Acres

      127 acres, unrestricted land, ideal for multiple homesites.
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      Wetumpka Commercial Land Investment

      Prime Wetumpka location, high traffic, development ready.
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    • Contact for pricing
      1.17 Acres

      Residential Land in Wetumpka, AL

      Wooded lot in established subdivision, convenient to amenities.
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    Similar Nearby for Lease

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      Retail Space Near Walmart

      Retail spaces available near Walmart Supercenter on US Highway 231.
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      High-visibility retail strip center, excellent growth area.
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      Shoppes at Fort Toulouse Retail Center

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    • Contact for pricing
      878,116 SF

      Prime Wetumpka Industrial Space

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    Wetumpka, AL 36092
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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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