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    1703 Hamric Dr Oxford, AL 36203
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    1703 Hamric Dr, Oxford, AL 36203

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    • Commercial real estate
    • 0.66 lot acres
    For Sale
    $139,900
    View Listing →
    High-Traffic Oxford Commercial Lot For Sale
    $139,900

    High-Traffic Oxford Commercial Lot

    Prime .66-acre lot, 1232 sq ft building

    Anniston, AL 36203
    View Listing
    Property ID
    US03-1845335
    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

    • Commercial real estate

    Property Details for 1703 Hamric Dr

    Lot size
    0.66 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property in Oxford, Alabama, presents a unique investment opportunity. Encompassing two parcels totaling 0.66 acres, the property boasts approximately 52 feet of frontage on the heavily trafficked Hamric Drive East. A 1232 square foot building, ideal for office or retail use, is situated on the lot. This versatile structure features a substantial covered drive-thru carport, a durable metal roof, and low-maintenance vinyl siding. The building is in good condition and could be utilized immediately or easily renovated to suit a variety of commercial needs. The property's commercial zoning makes it suitable for a wide range of businesses, including but not limited to plumbing or electrical contractors, used car dealerships, or other similar enterprises. Its high visibility and convenient location on a major thoroughfare offer significant potential for business growth and profitability. The ample space and existing building provide a solid foundation for immediate occupancy or future development. This is a rare opportunity to acquire a well-positioned commercial property in a thriving area. The combination of high traffic, convenient location, and existing building makes this an attractive investment.

    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
    Oxford
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.8069
    Latitude
    33.61509

    Comparable in this City

    • $249,900
      0.69 Acres

      Oxford Commercial Land - High Traffic!

      Prime location, high visibility, near I-20.
      1413 Hamric Dr, Oxford, AL 36203
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    • $279,900
      0.69 Acres

      Commercial Land in High-Traffic Area

      Commercial land with high visibility and traffic count.
      1413 Hamric Dr, Oxford, AL 36203
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      Land for Sale in Oxford

      Land available in Calhoun County, Oxford, Alabama.
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      Commercial Land in High-Traffic Area

      Prime commercial land with high visibility in a growing area.
      1723 Golden Spring Rd, Oxford, AL 36203
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    • $1,795,000
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      Move-in Ready Industrial Facility

      Light industrial facility suitable for manufacturing and warehousing, near I-20.
      1207 Butler St, Oxford, AL 36203
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      0.31 Acres

      Land For Sale, Oxford, AL

      0.31 acre building lot in Oxford, Alabama.
      1 Donna Kay Ct, Oxford, AL 36203
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    Similar Nearby for Sale

    • $249,900
      0.69 Acres

      Oxford Commercial Land - High Traffic!

      Prime location, high visibility, near I-20.
      1413 Hamric Dr, Oxford, AL 36203
      View Details
    • $279,900
      0.69 Acres

      Commercial Land in High-Traffic Area

      Commercial land with high visibility and traffic count.
      1413 Hamric Dr, Oxford, AL 36203
      View Details
    • Contact for pricing

      Land for Sale in Oxford

      Land available in Calhoun County, Oxford, Alabama.
      3 Donna Kay Ct, Oxford, AL 36203
      View Details
    • Contact for pricing

      Commercial Land in High-Traffic Area

      Prime commercial land with high visibility in a growing area.
      1723 Golden Spring Rd, Oxford, AL 36203
      View Details
    • $1,795,000
      2.43 Acres

      Move-in Ready Industrial Facility

      Light industrial facility suitable for manufacturing and warehousing, near I-20.
      1207 Butler St, Oxford, AL 36203
      View Details
    • Contact for pricing
      0.31 Acres

      Land For Sale, Oxford, AL

      0.31 acre building lot in Oxford, Alabama.
      1 Donna Kay Ct, Oxford, AL 36203
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr

      Retail Space on Davis Loop

      15,400 SF retail space in high-traffic Oxford, AL.
      230 Davis Loop, Oxford, AL 36203
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    • $14 SF/Yr

      Retail Space Near Oxford Mall

      Retail space with high visibility near Oxford Mall.
      1225 Snow St, Oxford, AL 36203
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      Retail Space in Oxford, AL

      Retail space with high visibility and easy highway access.
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      Oxford, AL Pad Site

      Ground lease opportunity in Oxford, AL near major retailers.
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      Retail Space with Drive-Thru Potential

      End-cap retail space with drive-thru potential in Oxford, Alabama.
      641 Snow St, Oxford, AL 36203
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    View Listing
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    Oxford, AL 36203
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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.

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