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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1609 Hines St S Athens, AL 35611

    • Office Properties & Spaces
    • 3,828 SF
    For Sale
    View listing
    $550,000
    Last Sale
    Sep 11, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2921301
    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

    • Office Properties & Spaces

    Property Details for 1609 Hines St S

    Year built
    1988
    Property size
    3,828 SF
    Property type
    Office Properties & Spaces
    APN
    1004172000039003
    APU
    1004172000039003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $543,000
      Market price range: $329k - $892k
      AI Estimate
      $543,000
      Market price range: $329k - $892k

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

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Limestone
    State
    Alabama
    Longitude
    -86.983
    Latitude
    34.7894
    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
    $3,462
    $0.00
    $0.00
    $79,520
    -
    $25,000
    $372,600
    $397,600

    Comparable in this City

    • Value Estimation
      $790,000
      7,155 SF

      1250 Elm St

      OFFICE (GENERAL) • 7,155 SF
      1250 Elm St, Athens, AL 35611-4713
      View Details
    • Value Estimation by Request
      3,040 SF

      124 Jefferson St

      OFFICE (GENERAL) • 3,040 SF
      124 Jefferson St, Athens, AL 35611-1702
      View Details
    • Value Estimation
      $1,030,000
      12,000 SF

      503 Jefferson St

      OFFICE (GENERAL) • 12,000 SF
      503 Jefferson St, Athens, AL 35611-3593
      View Details
    • Value Estimation by Request
      800 SF

      205 Jefferson St

      OFFICE (GENERAL) • 800 SF
      205 Jefferson St, Athens, AL 35611-2546
      View Details
    • Value Estimation
      $1,500,000
      14,400 SF

      Hwy 72

      OFFICE (GENERAL) • 14,400 SF
      Hwy 72, Athens, AL 35611
      View Details
    • Value Estimation by Request
      240 SF

      Hwy 72nd W

      OFFICE (GENERAL) • 240 SF
      Hwy 72nd W, Athens, AL 35611
      View Details

    Similar Nearby for Sale

    • 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
    • $550,000
      3,750 SF

      Office Space Near Highway 72

      3750 sqft office space with easy highway access.
      1609 Hines St S, 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
    • $399,900
      0.96 Acres

      High-Visibility Commercial Opportunity in Athens

      Commercial property with frontage on Hwy 72 and Zehner Road.
      16021 Zehner Rd, Athens, AL 35611
      View Details
    • $600,000
      7,186 SF

      Downtown Athens Commercial Building

      7,186 SF building in downtown Athens for sale.
      220 S Marion St, Athens, AL 35611
      View Details
    • $249,900
      864 SF

      High-Traffic Athens Commercial Property

      Versatile Space, High Visibility, Great Location
      14051 Hwy, Athens, AL 35611
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      17,930 SF

      Athens Shopping Center: Prime Retail Space

      Grocery-anchored retail center; four spaces available.
      608 Jefferson St, 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
      3,250 SF

      Retail Space in Athens, AL

      Retail property available for lease in Athens, Alabama.
      16100 Poplar Creek Rd, Athens, AL 35611
      View Details
    • Contact for pricing
      5,000 SF

      Athens Warehouse: 5,000 SF Available

      Prime Limestone County warehouse space. Ideal for industrial users.
      0 Mary Alice Way, 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
    • 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

    Property Visit Statistics

    • Visits by month
      3.3k
    • Visitors by month
      2.5k
    • Avg Time on site
      21 min
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    Athens, AL 35611
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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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