1500 Military S St Hamilton, AL 35570-5049
Property profile & analytics
1500 Military S St, Hamilton, AL 35570-5049
- Investment properties
- 41,904 SF
- 6.20 lot acres
Property ID
US03-2258281
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
- Investment properties
Property Details for 1500 Military S St
- Year built
- 1988
- Lot size
- 6.20 lot acres
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 49-16-02-10-0-201-003.001
- APU
- 491602100201003001
Description
This 51,976 square foot shopping center in Hamilton, Alabama, presents a compelling investment opportunity. Located at 1500 Military St S, this multi-tenant property boasts a strong lineup of national brands including Dollar Tree, Harbor Freight, and Subway, ensuring a stable income stream. The center enjoys a prime location adjacent to a Walmart Supercenter, benefiting from significant traffic and visibility on a major retail corridor with 13,505 vehicles per day. With 92% of the income derived from national credit tenants, the property offers a secure investment with an 8.50% cap rate and a current NOI of $252,196. Built in 1985, the 5.91-acre lot provides ample space. The property features attractive assumable financing at 6.0% interest, offering immediate double-digit cash-on-cash returns. Significant lease terms remain with key anchors, including Harbor Freight (8 years) and Dollar Tree (5 years). The current occupancy rate is 71.87%, and the asking price is $2,967,000 ($57.08/sq ft). Surrounding national retailers include McDonald's, Burger King, Taco Bell, and more, further solidifying the center's position within a thriving retail environment. This is an exceptional opportunity to acquire a well-positioned, income-producing retail asset in a growing market.
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
- Hamilton
- County
- Marion
- State
- Alabama
- Longitude
- -87.9912
- Latitude
- 34.1232
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
$10,264
$54,020
$266,740
$320,760
-
$270,070
$1,333,790
$1,603,860
