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    1202 Bradshaw Dr Florence, AL 35630
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    Property profile & analytics

    1202 Bradshaw Dr, Florence, AL 35630

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    • Commercial real estate
    • 3,300 SF
    • 0.89 lot acres
    Off-Market
    Property ID
    US03-0785700
    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

    • Hollis Photography & Frame / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 1202 Bradshaw Dr

    Lot size
    0.89 lot acres
    Property type
    Commercial real estate

    Description

    This unique 3,300 square foot building sits on a rare 0.89-acre lot in a central Florence, Alabama location, directly across from Florence High School. Previously used as a professional photography studio, it has been remodeled to include living accommodations, offering versatility for a variety of uses. The property is zoned RB, providing flexibility for potential buyers. A key feature is its crawl space foundation, a rarity in commercial buildings, making renovations and repurposing significantly easier. This characteristic makes it ideal for conversion into another professional office space or even a unique live/work residence. The central location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a prominent presence in the community. The ample lot size provides ample space for expansion or additional development. The asking price is $649,900. This property presents a rare opportunity to acquire a versatile commercial space with significant potential in a desirable location. The property is located at 1202 Bradshaw Dr., Florence, AL 35630.

    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
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.6646686
    Latitude
    34.8332626

    Comparable in this City

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      Versatile Building with Redevelopment Potential

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      Well-Maintained Church Building For Sale

      Church building on 0.86 acres, perfect for ministries.
      3651 Cole Ave, Florence, AL 35630
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    Similar Nearby for Sale

    • $2,300,000
      35,200 SF

      Industrial Park Land for Sale

      Land available in Industrial Park on Helton Drive.
      4504 Helton Dr, Florence, AL 35630
      View Details
    • $350,000
      3,906 SF

      Well-Maintained Church Building on 0.86 Acres

      Church building suitable for ministries with indoor and outdoor space.
      3651 Cole Ave, Florence, AL 35630
      View Details
    • Contact for pricing
      972 SF

      Florence Commercial Property For Sale

      Commercial property in North Florence, Alabama, available for purchase.
      1421 Pine St, Florence, AL 35630
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      3,437 SF

      Versatile Building with Redevelopment Potential

      Adaptable building suitable for various commercial or community purposes.
      335 Royal Ave, Florence, AL 35630
      View Details
    • Contact for pricing
      3,906 SF

      Well-Maintained Church Building For Sale

      Church building on 0.86 acres, perfect for ministries.
      3651 Cole Ave, Florence, AL 35630
      View Details

    Similar Nearby for Lease

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      2,800 SF

      Downtown Florence Retail Space Available

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      Retail Space Near Cox Creek

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      180,000 SF

      Warehouse/Distribution Center For Sublease

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      25,764 SF

      Mixed-Use Development in Florence, AL

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    Florence, AL 35630
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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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