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

    1812 S Main St Atmore, AL 36502

    • Office Properties & Spaces
    • 1,551 SF
    • 1.92 lot acres
    For Sale
    View listing
    $450,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2761916
    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

    • PHD Realty, LLC. / Real Estate Agency
    • Malcolm Owen Bub Gideons, PHD Real Estate, LLC / Real Estate Agent

    Property Details for 1812 S Main St

    Year built
    1970
    Construction
    WOOD
    Lot size
    1.92 lot acres
    Property size
    1,551 SF
    Property type
    Office Properties & Spaces
    APN
    26-09-32-3-003-001.000
    APU
    2609323003001000

    Description

    This exceptional 2,538 square foot retail space is available for lease on Milwaukee Avenue in Southwest Lubbock, Texas. Previously occupied by a beer, wine, and alcohol store, this second-generation space boasts a well-designed layout including an open retail showroom, a restroom, and a dedicated office area. The existing coolers will be removed before the lease commences, making the space immediately move-in ready for a new tenant. Located on the highly sought-after Milwaukee Avenue retail corridor, this property offers unparalleled visibility and accessibility. Its strategic position near Spur 327 and US 62/82 ensures high traffic volume and convenient access for customers. The area is experiencing significant growth and is home to a thriving mix of national and regional businesses, including Target, Cracker Barrel, Potbelly, Tikka Shack, Little Woodrows, F45 Fitness, Tru by Hilton, and Fairfield Inn. This prime location within a high-growth area of Southwest Lubbock presents a unique opportunity for businesses seeking a prominent presence in a bustling retail environment. The property is zoned AC and consists of a single, one-story building. Multiple tenants are permitted.

    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
    Atmore
    County
    Escambia
    State
    Alabama
    Longitude
    -87.4904
    Latitude
    31.0004
    CBSA code
    12120
    CBSA name
    ATMORE, AL MICROPOLITAN 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
    $2,383
    $0.00
    $0.00
    $47,660
    -
    $83,760
    $154,500
    $238,260

    Comparable in this City

    • Value Estimation by Request
      1.08 Acres

      Ashley St

      OFFICE (GENERAL) • 1.08 Acres
      Ashley St, Atmore, AL 36502
      View Details
    • Value Estimation by Request
      1,326 SF

      109 Main St

      OFFICE (GENERAL) • 1,326 SF
      109 Main St, Atmore, AL 36502-1711
      View Details
    • Value Estimation by Request
      1,772 SF

      311 Nashville Ave

      OFFICE (GENERAL) • 1,772 SF
      311 Nashville Ave, Atmore, AL 36502-2421
      View Details
    • Value Estimation by Request
      3,738 SF

      Pensacola Ave

      OFFICE (GENERAL) • 3,738 SF
      Pensacola Ave, Atmore, AL 36502
      View Details
    • Value Estimation by Request
      4,800 SF

      Ridgeley St

      OFFICE (GENERAL) • 4,800 SF
      Ridgeley St, Atmore, AL 36502
      View Details
    • Value Estimation by Request
      1,760 SF

      43 Washington Ave

      OFFICE (GENERAL) • 1,760 SF
      43 Washington Ave, Atmore, AL 36502-0830
      View Details

    Similar Nearby for Sale

    • $450,000
      18.00 Acres

      Milwaukee Ave Retail Space For Lease

      High-visibility, move-in ready retail space.
      1812 Main St, Atmore, AL 36502
      View Details
    • $89,000
      1,200 SF

      Atmore Office Building - $89K

      1200 sq ft office, parking, Atmore, AL
      208 7th Ave, Atmore, AL 36502
      View Details
    • $425,000
      5,200 SF

      Atmore Commercial Property - Hwy 31

      Versatile Office/Warehouse w/Mechanic Bays
      5642 US-31, Atmore, AL 36502
      View Details
    • $315,000
      4,836 SF

      Atmore Retail Space For Sale

      Downtown Atmore retail space, high foot traffic.
      111 W Ridgeley St, Atmore, AL 36502
      View Details
    • $395,000
      7,605 SF

      Atmore Retail & Service Center

      Prime 7600 SF building, 4+ acres
      8682 us 31, Atmore, AL 36502
      View Details
    • $389,000
      3,000 SF

      Atmore Retail Building - Prime Location

      Updated 3,000 SF building, high visibility, ample parking.
      810 E craig street, Atmore, AL 36502
      View Details

    Similar Nearby for Lease

    • $799,500
      4,264 SF

      Optimal Office Space Near I-65

      Turnkey office space with flexible buildouts near I-65.
      5060 Jack Springs Rd, Atmore, AL 36502
      View Details
    • Contact for pricing
      73,754 SF

      Atmore Retail Center Investment Opportunity

      High-traffic retail center with available space.
      141 Lindberg Ave, Atmore, AL 36502
      View Details
    • $8 SF/Yr
      10,000 SF

      Atmore Warehouse: 10,000 SF & 5 Acres

      Prime Atmore warehouse, lease or buy. Excellent location.
      1808 S Main St, Atmore, AL 36502
      View Details
    • $8 SF/Yr
      10,000 SF

      Atmore Warehouse: 10,000 SF

      10,000 SF warehouse, 5 acres, lease/sale
      1808 Main St, Atmore, AL 36502
      View Details
    • $12 SF/Yr
      5,000 SF

      Atmore Warehouse Space For Lease

      5,000 SF warehouse, flexible lease terms.
      1808 S Main St, Atmore, AL 36502
      View Details
    • $4 SF/Yr
      400,000 SF

      Atmore, AL Warehouse Space

      Large Atmore warehouse, flexible lease options.
      209 Carpet Drive, Atmore, AL 36502
      View Details
    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.
    1812 S Main St
    Atmore, AL 36502
    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.