Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1523 Us Hwy 72nd E Athens, AL 35611-4409

    • Grocery and convenience stores
    • 3,040 SF
    • 1.31 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2837658
    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

    • Raceway 6712 / Gas Station
    • Raceway / Gas Station / Convenience Store
    • Rocket BTM / Atm
    • La Cocinita Autentica / Mexican Restaurant
    • ATM / Atm

    Property Details for 1523 Us Hwy 72nd E

    Year built
    1992
    Lot size
    1.31 lot acres
    Property size
    3,040 SF
    Property type
    Grocery and convenience stores
    APN
    1005154000002095
    APU
    1005154000002095

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Limestone
    State
    Alabama
    Longitude
    -86.9362
    Latitude
    34.7814
    CBSA code
    26620
    CBSA name
    HUNTSVILLE, 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
    $9,988
    $0.00
    $0.00
    $233,940
    -
    $569,400
    $600,300
    $1,169,700

    Comparable in this City

    • Value Estimation by Request
      3,815 SF

      1514 Elm St

      CONVENIENCE STORE • 3,815 SF
      1514 Elm St, Athens, AL 35611-4950
      View Details
    • Value Estimation
      $250,000
      3,265 SF

      1316 Jefferson St

      GROCERY, SUPERMARKET • 3,265 SF
      1316 Jefferson St, Athens, AL 35611-1617
      View Details
    • Value Estimation by Request
      814 SF

      801 Jefferson St

      CONVENIENCE STORE • 814 SF
      801 Jefferson St, Athens, AL 35611-3547
      View Details
    • Value Estimation by Request
      1,000 SF

      1113 Market St

      CONVENIENCE STORE • 1,000 SF
      1113 Market St, Athens, AL 35611-2467
      View Details
    • Value Estimation by Request
      940 SF

      Citgo 72nd E

      CONVENIENCE STORE • 940 SF
      Citgo 72nd E, Athens, AL 35611
      View Details
    • Value Estimation
      $1,320,000
      11,620 SF

      165 Us Hwy 31st N

      GROCERY, SUPERMARKET • 11,620 SF
      165 Us Hwy 31st N, Athens, AL 35611-2142
      View Details

    Similar Nearby for Sale

    • $900,000

      Commercial Building on Main Highway

      Commercial building with three rented spaces and billboard income.
      810 Hwy 72, Athens, AL 35611
      View Details
    • Contact for pricing
      17,342 SF

      Highway Frontage Retail or Office

      Adaptable space in high-traffic location, ideal for retail/office.
      928 S 72, Athens, AL 35611
      View Details
    • $600,000

      Downtown Athens Retail Building

      7,186 SF building in downtown Athens for sale.
      220 S Marion St, Athens, AL 35611
      View Details
    • $220,000
      0.68 Acres

      Commercial Shop Metal Building

      Commercial shop with lifts, bathroom, and utilities in Athens.
      14684 Hammons Rd, Athens, AL 35611
      View Details
    • $2,200,000
      2.21 Acres

      Former Restaurant Building For Sale

      Convertible restaurant building with ample parking in a strong market.
      21366 Athens Limestone Blvd, Athens, AL 35611
      View Details
    • $699,999

      Highway 72 Commercial Land Opportunity

      Commercial land with highway frontage and available utilities.
      12597 Us Highway 72, Athens, AL 35611
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,096 SF

      Retail Space in Athens Town Center

      Regional shopping center with suites available for lease.
      601-629 Us Highway 72 W, Athens, AL 35611
      View Details
    • Contact for pricing
      30,384 SF

      Retail Space Near Walmart Supercenter

      Retail space in a busy, shadow-anchored strip center.
      935 Us Highway 72 E, Athens, AL 35611
      View Details
    • Contact for pricing

      Restaurant Space on US Highway

      Freestanding 5,486 SF restaurant space available for lease.
      1402 Us Highway 72, Athens, AL 35611
      View Details
    • $1,645 /Mo
      47,916 SF

      Retail Space in Athens, AL

      Retail property available for lease in Athens, Alabama.
      16100 Poplar Creek Rd, Athens, AL 35611
      View Details
    • $1,545 /Mo
      19,602 SF

      Athens, AL - Retail Space

      Retail property for rent in Athens, Alabama.
      9945 Hwy 72 West, Athens, AL 35611
      View Details
    • Contact for pricing
      20,096 SF

      Athens Town Center Retail Space

      Prime Retail Space, Athens, AL
      601 Us Highway 72, Athens, AL 35611
      View Details

    Property Visit Statistics

    • Visits by month
      8.9k
    • Visitors by month
      6.9k
    • Avg Time on site
      10 min
    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.
    1523 Us Hwy 72nd E
    Athens, AL 35611-4409
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.