1220 Highland Ave Selma, AL 36703-4124
Property profile & analytics
1220 Highland Ave Selma, AL 36703-4124
- Retail space
- 2,902 SF
- 0.52 lot acres
Property ID
US03-1840532
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
- AT&T - Internet Service Provider / Telecommunications Service / Data Center
- AT&T Store / Mobile Phone Store / Electronics & Wireless Store
Property Details for 1220 Highland Ave
- Year built
- 1996
- Lot size
- 0.52 lot acres
- Property size
- 2,902 SF
- Zone code
- S
- Property type
- Retail space
- APN
- 11062440030400000
- APU
- 11062440030400000
Description
This exceptional investment opportunity presents a prime, 2,808-square-foot free-standing retail building in Selma, Alabama. Located at 1220 E Highland Ave, this single-tenant property enjoys a highly visible corner location, attracting 26,650 vehicles daily. The building, constructed in 1998 and renovated in 2018, is currently 100% occupied by AT&T, the only such retailer in Selma. The current lease, a Net Lease (NN) agreement, has a remaining term of 2.8 years, with a three-year option already exercised by the tenant, and one additional three-year option remaining. The property sits on a 22,500-square-foot lot and is zoned for commercial use. The asking price is $999,000, representing a cap rate of 7.57% and a price per square foot of $355.77. The current Net Operating Income (NOI) is $75,578, with a rent bump of $80,472 at the next option. This property benefits from its strategic location within Selma's primary retail area, near major national retailers such as Walmart, T-Mobile, and others, serving a regional trade area encompassing 14 counties and over 350,000 residents. Seller financing is available up to 65% Loan-to-Value (LTV). This is a rare opportunity to acquire a stable, high-performing retail investment in a strong market.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,000,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Selma
- County
- Dallas
- State
- Alabama
- Longitude
- -87.0203
- Latitude
- 32.431
- CBSA code
- 42820
- CBSA name
- SELMA, 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
$3,854
$0.00
$0.00
$67,020
-
$112,500
$222,600
$335,100
