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    Property profile & analytics

    1429 Hamric E Dr Oxford, AL 36203-1933

    • Grocery and convenience stores
    • 2,016 SF
    • 0.33 lot acres
    OFF-MARKET
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    7%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US03-1138918
    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

    • Grocery and convenience stores

    Property Details for 1429 Hamric E Dr

    Year built
    1960
    Lot size
    0.33 lot acres
    Property size
    2,016 SF
    Property type
    Grocery and convenience stores
    APN
    22-07-35-0-007-001.000
    APU
    2207350007001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $300,000
      6.5%
      $275,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $236,000
      Market price range: $146k - $385k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $270,000
      RETAIL STORES
      $185,000
      AUTO REPAIR, GARAGE
      $180,000
      COMMERCIAL (GENERAL)
      $155,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.8693
    Latitude
    33.5961
    CBSA code
    11500
    CBSA name
    ANNISTON-OXFORD, AL METROPOLITAN 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
    $2,304
    $7,180
    $41,312
    $48,492
    -
    $35,900
    $206,560
    $242,460

    Comparable in this City

    • Value Estimation
      $250,000
      3,618 SF

      10 Oxford Exchange Blvd

      CONVENIENCE STORE • 3,618 SF
      10 Oxford Exchange Blvd, Oxford, AL 36203-3446
      View Details
    • Value Estimation
      $300,000
      4,400 SF

      Snow St Oxford Al

      CONVENIENCE STORE • 4,400 SF
      Snow St Oxford Al, Oxford, AL 36203
      View Details
    • Value Estimation
      $295,000
      2,430 SF

      1053 Hamric E Dr

      CONVENIENCE STORE • 2,430 SF
      1053 Hamric E Dr, Oxford, AL 36203-1831
      View Details
    • Value Estimation
      $220,000
      1,269 SF

      Plz Ln

      GROCERY, SUPERMARKET • 1,269 SF
      Plz Ln, Oxford, AL 36203
      View Details
    • Value Estimation
      $275,000
      100 SF

      1123 Edmar St

      CONVENIENCE STORE • 100 SF
      1123 Edmar St, Oxford, AL 36203-2428
      View Details
    • Value Estimation
      $235,000
      5,000 SF

      Oxford, AL 36203

      CONVENIENCE STORE • 5,000 SF
      Oxford, AL 36203
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      253,000 SF

      Oxford AL Retail Development

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      1865 Us Highway 78, Oxford, AL 36203
      View Details
    • $1,300,000
      20,951 SF

      Oxford Retail Center: Value-Add Opportunity

      High-Visibility Retail Center, 20,951 SF
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    • $499,000
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      Oxford Retail Storefront - $499K

      High-visibility storefront near Walmart. Excellent retail location.
      30 Plaza Ln, Oxford, AL 36203
      View Details
    • $799,900
      Pending

      Prime Commercial Property in Oxford

      High-visibility commercial property with showroom, warehouse, and office space.
      1321 E Hamric Dr, Oxford, AL 36203
      View Details
    • Contact for pricing
      3,497 SF

      Oxford, AL QSR/Restaurant Site

      Prime QSR location, high traffic area.
      1205 Al-21, Oxford, AL 36203
      View Details
    • $1,650,000
      1.50 Acres

      Oxford Retail Center: High-Visibility Investment

      Prime Oxford location, high-traffic, immediate income.
      365 Davis Loop, Oxford, AL 36203
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      22,400 SF

      Oxford Retail Space: Snow Street Village

      Prime Oxford storefront, 2,000 sq ft available.
      641 Snow St, Oxford, AL 36203
      View Details
    • Contact for pricing

      Retail Outparcel Near Choccolocco Park

      Prime retail space near Publix and Choccolocco Park.
      50 Commons Way, Anniston, AL 36203
      View Details
    • $14 SF/Yr
      27,050 SF

      Oxford Retail Center: Prime Location

      High-visibility retail space available in Oxford, AL.
      1225 Snow St, Oxford, AL 36203
      View Details
    • $18 SF/Yr
      29,888 SF

      Snow Street Village Retail Center

      Oxford, AL Strip Mall - 2 Spaces Available
      641 Snow St, Oxford, AL 36203
      View Details
    • Contact for pricing
      5,765 SF

      Creekside South Retail Spaces

      Oxford retail spaces, highway visibility.
      88 Ali Way, Oxford, AL 36203
      View Details
    • Contact for pricing
      777,432 SF

      Oxford Exchange Retail Space

      High-traffic retail center in Oxford, AL
      1100 Oxford Exchange Blvd, Oxford, AL 36203
      View Details
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    Oxford, AL 36203-1933
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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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