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    180 State Docks Rd Eufaula, AL 36027
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    180 State Docks Rd Eufaula, AL 36027

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    • Apartment buildings
    • 24,784 SF
    For Sale
    $3,200,000
    View Listing →
    Multifamily For Sale
    $3,200,000
    24,784 SF

    Multifamily

    Apartment buildings · 24,784 SF

    180 State Docks Rd, Eufaula, AL 36027
    View Listing
    Property ID
    US03-1704583
    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

    • Apartment buildings

    Property Details for 180 State Docks Rd

    Year built
    1986
    Property size
    24,784 SF
    Property type
    Apartment buildings

    Description

    This property, known as Timberland Apartments, is listed for purchase at $3,200,000 and is compromised of 32 units / apartments on +/- 3 acres of land. A leasing office is located on the property along with a laundromat. This property is located in Eufaula, AL next to Lake Eufaula and right off U.S. Route 431 for traveling purposes. Local retailers include Chick-fil-A, Burger King, O-Reilly Auto Parts, Wendy's, Sonic Drive-In, Dairy Queen, Waffle House, Circle K gas station, Piggly Wiggly, Dollar Tree, Sunoco gas station, Subway, Dollar General, McDonald's, Advanced Auto Parts, Marathon gas station, Pizza Hut, Aaron's Rent To Own furniture store, Winn-Dixie and Tractor Supply Co. Schooling, churches and family physicians are also within close proximity to the property. Call listing broker, Dave Jackson, for showing: 706-587-8660 Personal | Office: 706-660-5418

    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
    Eufaula
    County
    Barbour
    State
    Alabama
    Longitude
    -85.153839
    Latitude
    31.870648

    Comparable in this City

    • $3,200,000

      Timberland Apartments: 32-Unit Multifamily Property

      32-unit apartment complex in Eufaula, AL, near Lake Eufaula.
      180 State Docks Rd, Eufaula, AL 36027
      View Details
    • $180,500
      2,132 SF

      Eufaula Multifamily Investment Opportunity

      Three-unit multifamily property in Eufaula, Alabama, fully rented.
      227 Sanford Ave, Eufaula, AL 36027
      View Details
    • $250,000
      1,529 SF

      Eufaula Multi-Unit Rental Opportunity

      Two residential structures on one lot in downtown Eufaula.
      131 Sanford Ave, Eufaula, AL 36027
      View Details
    • $259,000
      1,755 SF

      Lake View Mixed-Use Property

      Unique home/business with lake views in historic Eufaula, Alabama.
      317 Riverside Dr, Eufaula, AL 36027
      View Details
    • Contact for pricing

      Residential Land Near Lake Eufaula

      Residential building lot near schools and Lake Eufaula.
      Lakeside Dr, Eufaula, AL 36027
      View Details
    • $55,000
      0.80 Acres

      Commercial Property in Baker Hill

      Commercial property in Baker Hill, Alabama, currently used as thrift store.
      1833 Highway 131, Bakerhill, AL 36027
      View Details

    Similar Nearby for Sale

    • $3,200,000

      Timberland Apartments: 32-Unit Multifamily Property

      32-unit apartment complex in Eufaula, AL, near Lake Eufaula.
      180 State Docks Rd, Eufaula, AL 36027
      View Details
    • $180,500
      2,132 SF

      Eufaula Multifamily Investment Opportunity

      Three-unit multifamily property in Eufaula, Alabama, fully rented.
      227 Sanford Ave, Eufaula, AL 36027
      View Details
    • $250,000
      1,529 SF

      Eufaula Multi-Unit Rental Opportunity

      Two residential structures on one lot in downtown Eufaula.
      131 Sanford Ave, Eufaula, AL 36027
      View Details
    • $259,000
      1,755 SF

      Lake View Mixed-Use Property

      Unique home/business with lake views in historic Eufaula, Alabama.
      317 Riverside Dr, Eufaula, AL 36027
      View Details
    • Contact for pricing

      Residential Land Near Lake Eufaula

      Residential building lot near schools and Lake Eufaula.
      Lakeside Dr, Eufaula, AL 36027
      View Details
    • $55,000
      0.80 Acres

      Commercial Property in Baker Hill

      Commercial property in Baker Hill, Alabama, currently used as thrift store.
      1833 Highway 131, Bakerhill, AL 36027
      View Details
    View Listing
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    Eufaula, AL 36027
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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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