122 East Nashville Ave Atmore, AL 36502
Property Lookup
Property profile & analytics
122 East Nashville Ave Atmore, AL 36502
- Gas stations
- 6,080 SF
Property ID
US03-2372672
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.
Location Intelligence
Current Use by Public Records
- Sweat Tire of Atmore / (Bike/Boat/Book/etc) Store / Auto Parts Store
- State Line Tire Shop / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 122 East Nashville Ave
- Year built
- 1969
- Property size
- 6,080 SF
- Property type
- Gas stations
- APN
- 26-09-29-2-015-001.000
- APU
- 2609292015001000
Description
This exceptional investment opportunity presents a profitable, net-leased portfolio of four tire and auto repair businesses totaling 65,000 square feet. Located in Alabama, this established portfolio boasts a strong 8.25% cap rate, offering immediate cash flow. The portfolio includes a mix of properties, with one location featuring a transmission shop and an income-producing ice machine. All four locations are currently under established, five-year NNN leases, with potential for extension up to a total of fifteen years, providing long-term stability and predictable income. The current owner, operating since 1963, has meticulously managed these properties, ensuring consistent profitability. The properties are well-maintained and situated in strategic locations within Atmore, Bay Minette, Monroeville, and Flomaton, Alabama. The portfolio's structure minimizes landlord responsibilities, allowing for passive income generation. Further upside potential exists through the possibility of leasing additional available space within the portfolio. Detailed financial information and lease agreements are available upon request. This is a rare opportunity to acquire a turnkey, high-yield commercial real estate portfolio with significant long-term growth potential. The seller is actively considering all offers. The properties are located at: 231 South Hwy 31, Bay Minette, AL; 1385 S Alabama Ave, Monroeville, AL; 122 East Nashville Ave, Atmore, AL; and 22620 US Hwy 31, Flomaton, AL. The zip code for Atmore is 36502.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Atmore
- County
- Escambia
- State
- Alabama
- Longitude
- -87.4928
- Latitude
- 31.0237
- CBSA code
- 12120
- CBSA name
- ATMORE, AL MICROPOLITAN 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
$2,809
$0.00
$0.00
$56,180
-
$26,190
$254,700
$280,890
