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    13051 N Hickory St Loxley, AL 36551

    • Grocery and convenience stores
    • 6,255 SF
    • 1.37 lot acres
    For Lease
    View listing
    $7,000 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1048834
    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

    • Exxon / Gas Station
    • Circle K / Grocery & Convenience Store
    • Circle K Stores And Alimentation Couche-Tard / Gas Station
    • Burger King / Restaurant

    Property Details for 13051 N Hickory St

    Year built
    1985
    Lot size
    1.37 lot acres
    Property size
    6,255 SF
    Property type
    Grocery and convenience stores
    APN
    33-08-34-0-000-023.001
    APU
    3308340000023001

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,255,000
      6.5%
      $1,160,000
      7%
      $1,075,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,055,000
      RESTAURANT
      $705,000
      COMMERCIAL (GENERAL)
      $705,000
      AUTO REPAIR, GARAGE
      $645,000
      RETAIL STORES
      $635,000
      APARTMENT HOUSE (5+ UNITS)
      $625,000
      MEDICAL BUILDING
      $585,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Loxley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.7613
    Latitude
    30.648
    CBSA code
    19300
    CBSA name
    DAPHNE-FAIRHOPE, 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
    $7,518
    $73,640
    $129,560
    $203,200
    -
    $368,200
    $647,800
    $1,016,000

    Comparable in this City

    • Value Estimation
      $1,110,000
      8,830 SF

      126 Flying K Rd

      CONVENIENCE STORE • 8,830 SF
      126 Flying K Rd, Loxley, AL 36551-2601
      View Details
    • Value Estimation
      $700,000
      5,334 SF

      12000 Hickory St

      CONVENIENCE STORE • 5,334 SF
      12000 Hickory St, Loxley, AL 36551-3148
      View Details
    • Value Estimation
      $685,000
      4,613 SF

      29636 State Hwy 59

      CONVENIENCE STORE • 4,613 SF
      29636 State Hwy 59, Loxley, AL 36551-3183
      View Details
    • Value Estimation
      $795,000
      2,384 SF

      2134 Hickory St

      CONVENIENCE STORE • 2,384 SF
      2134 Hickory St, Loxley, AL 36551
      View Details
    • Value Estimation by Request
      0.33 Acres

      1102 Hickory St

      CONVENIENCE STORE • 0.33 Acres
      1102 Hickory St, Loxley, AL 36551-4452
      View Details
    • Value Estimation by Request
      2,572 SF

      3215 Hickory St

      CONVENIENCE STORE • 2,572 SF
      3215 Hickory St, Loxley, AL 36551
      View Details

    Similar Nearby for Sale

    • $365,000
      2,110 SF

      Historic Loxley Retail Building

      Prime Loxley retail space, leased through August 2025.
      3152 1st Ave, Loxley, AL 36551
      View Details
    • $545,000
      3,243 SF

      Former Restaurant on Highway 59

      Restaurant with equipment and furniture included in sale.
      4600 S Hickory St, Loxley, AL 36551
      View Details
    • $655,000
      3.00 Acres

      Prime 3-Acre Loxley Land

      Hwy 49 lot, I-10 access, M-1 zoning.
      Hwy 59 at I-10, Loxley, AL 36551
      View Details
    • $4,015,000

      Loxley Land Parcel For Sale

      55.69 acres of land in Loxley, Alabama.
      30188 County Road 49, Loxley, AL 36551
      View Details
    • Contact for pricing

      Commercial Land on Hwy 59

      Commercial land with frontage on Hwy 59 in Loxley, AL.
      State Highway 59, Loxley, AL 36551
      View Details
    • Contact for pricing

      Loxley Agricultural Land with Creek

      Partially fenced land with creek, pond, and food plots.
      31512 N River Rd, Loxley, AL 36551
      View Details

    Similar Nearby for Lease

    • $1,750 /Mo
      1,500 SF

      Loxley Office Space for Lease

      1,500 SF Office, Hwy 59, Loxley AL
      2127 North Hickory St, Loxley, AL 36551
      View Details
    • $7,000 /Mo

      Prime Restaurant Space Near I-10

      Versatile commercial space with high visibility and easy access.
      13051 N Hickory St, Loxley, AL 36551
      View Details
    • Contact for pricing

      Restaurant Space with High Visibility

      Versatile space ideal for QSR or fast-casual restaurant operation.
      13051 N Hickory St, Loxley, AL 36551
      View Details
    • $7,000 /Mo

      Prime Restaurant Space Near I-10

      Versatile commercial space with high visibility and easy access.
      13051 N Hickory St, Loxley, AL 36551
      View Details
    • Contact for pricing

      Corner Lot on Highway 90

      0.95 AC corner lot with high traffic frontage.
      3215 S Hickory St, Loxley, AL 36551
      View Details
    • Contact for pricing
      43,500 SF

      Loxley Industrial Building For Rent

      43,500 SF industrial building with frontage on Hwy 59.
      8301 N Hickory St, Loxley, AL 36551
      View Details
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    Loxley, AL 36551
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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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