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Property profile & analytics
FOR SALE
Medical Office Space
111 W Ridgeley St Atmore, AL 36502
Individually Owned
11-yr Hold
Free & Clear
Property ID
US03-2376360
For Sale
1 / 58
Contact for pricing
111 W Ridgeley St, Atmore, AL 36502
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Property summary
AI-generated overview
This vacant, 3,848-square-foot commercial building in Atmore, Alabama, presents a unique investment opportunity. Located on Ridgeley Street in the heart of downtown, this single-story structure boasts paneled walls, vinyl flooring, and fluorescent lighting throughout. The building features an oversized front space, a private office, two bathrooms, and a large storage/office area. Completely heated and cooled, it's ideally suited for various uses, including daycare, restaurant, or storefront retail. Built in 2021, the property sits on a 0.2-acre lot (APN 119618) and offers a small rental space generating $550 monthly income. Atmore's thriving economy, fueled by diverse industries like agriculture, timber, and textiles, coupled with ongoing downtown revitalization efforts, makes this a promising investment. The city's proactive approach to economic development, including expansion of the industrial park and beautification initiatives, further enhances the property's potential. This is a chance to own a well-maintained building in a growing Alabama city. The asking price is $315,000.
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1962
Construction
WOOD
Total area
2,470 SF
Lot
0.13 ac (5,500 SF)
APN
26-09-29-2-003-011.000
UPID
US03-2376360
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Atmore Family Dental Dental Office
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Dr. Ronald Gaspard Dental Office
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Dr. Ronald Taylor Dental Office
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Evangelyn Aletheia Spencer Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
T J Morris Dds PC · 11 yrs held
T J Morris Dds PC
since 2014
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Atmore submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Atmore submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,909
Tax year 2023
Assessed value
$38,180
Assessed 2023
Previous assessed
$33,100
+15.3% YoY
Effective rate
5.00%
On assessed value
Land market value
$6,880
Improvement market value
$184,000
Total market value
$190,880
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
For Sale
Year built
1962
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
8
Total area
2,470 SF
Lot
0.13 ac (5,500 SF)
APN
26-09-29-2-003-011.000
UPID
US03-2376360
Jurisdiction
ESCAMBIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1962
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
8
Lot
0.13 ac
Current owner
From public records · entity-resolved
T J Morris Dds PC
Individual
Free & Clear · 11 yrs held
Mailing address
111 E RIDGELEY ST, ATMORE, AL 36502-2013
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2014
$142,000
T J Morris Dds PC
Terry J Morris
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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