Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1469 Main S St Wedowee, AL 36278-5450
    Property profile & analytics

    1469 Main S St, Wedowee, AL 36278-5450

    View on Map
    • Strip malls
    • 4,264 SF
    • 0.52 lot acres
    Off-Market
    Property ID
    US03-2085787
    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

    • Strip malls

    Property Details for 1469 Main S St

    Year built
    1971
    Construction
    METAL FRAME
    Lot size
    0.52 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    56 11 01 11 0 000 004.001
    APU
    561101110000004001

    Description

    This exceptional 4,264 square foot commercial property, situated on a 0.52-acre lot at 1469 Main St South in Wedowee, Alabama, presents a remarkable investment opportunity. Boasting high visibility on US Highway 431, this property enjoys a prime location within walking distance of a restaurant, Tanner Medical Center, and a pharmacy, ensuring high foot traffic and convenient access. Currently housing a mix of thriving businesses including salons, an art studio, and attorney offices, the property offers four (with potential for more) separate rental units, each equipped with its own water and electricity meters. Existing leases are available for review. The property features 24 paved parking spaces, providing ample parking for tenants and customers. The building previously accommodated medical services/office tenants with dedicated exam rooms, showcasing its versatility. This property is ideal for an investor seeking multiple income streams or a business owner looking for an established location with onsite landlord potential. The possibility of subdividing the property for smaller uses exists, catering to a wider range of potential tenants. Serious inquiries are encouraged to explore the potential of owner financing or a trade involving a large land tract. This is a rare opportunity to acquire a well-established commercial property in a thriving community with excellent access and visibility. Don't miss out on this exceptional investment in the heart of Wedowee, near Lake Wedowee.

    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
    Wedowee
    County
    Randolph
    State
    Alabama
    Longitude
    -85.4757
    Latitude
    33.2923

    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
    $1,776
    $2,780
    $41,720
    $44,500
    -
    $20,800
    $219,147
    $239,947

    Comparable in this City

    • Value Estimation by Request
      224 SF

      Wedowee, AL 36278

      SHOPPING CENTER, STRIP CENTER
      Wedowee, AL 36278
      View Details
    • Value Estimation by Request
      224 SF

      Wedowee, AL 36278

      SHOPPING CENTER, STRIP CENTER
      Wedowee, AL 36278
      View Details
    • Value Estimation by Request
      3,000 SF

      Wedowee, AL 36278

      SHOPPING CENTER, STRIP CENTER
      Wedowee, AL 36278
      View Details
    • Value Estimation by Request
      3,862 SF

      Wedowee, AL 36278

      SHOPPING CENTER, STRIP CENTER
      Wedowee, AL 36278
      View Details
    • Value Estimation by Request
      3,000 SF

      Wedowee, AL 36278

      RETAIL STORES (PERSONAL SERVICES)
      Wedowee, AL 36278
      View Details
    • Value Estimation by Request
      1,500 SF

      Wedowee, AL 36278

      RETAIL STORES (PERSONAL SERVICES)
      Wedowee, AL 36278
      View Details

    Similar Nearby for Sale

    • $499,000
      5,400 SF

      Highway Frontage Retail Opportunity

      Commercial building with retail, office, or restaurant potential.
      222319 Highway 431, Wedowee, AL 36278
      View Details
    • $299,000
      4,700 SF

      Wedowee Retail Building on Acreage

      4,700 SF retail building on 3.68 acres near Wedowee.
      13208 Highway 431, Wedowee, AL 36278
      View Details
    • $360,000
      0.06 Acres

      Wedowee Retail Investment Opportunity

      Tenant-occupied, renovated retail building in Wedowee, Alabama.
      109 Main St, Wedowee, AL 36278
      View Details
    • $325,000
      4.87 Acres

      Wedowee, AL: 4.87 Acre Development Lot

      Prime Wedowee land, near Tanner Hospital. Ideal for medical or residential.
      Main St, Wedowee, AL 36278
      View Details
    • $115,000
      1.03 Acres

      Lake Wedowee Waterfront Acreage

      One acre waterfront lot with 266 ft of shoreline.
      Evergreen Crst, Wedowee, AL 36278
      View Details
    • Contact for pricing

      Lake Wedowee Waterfront Lot

      Lakefront lot with utilities and community amenities on Lake Wedowee.
      27 Wadeeta Dr, Wedowee, AL 36278
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1469 Main S St
    Wedowee, AL 36278-5450
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1469 Main S St, Wedowee, AL, 36278
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!