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

    1862 Glynwood Dr Prattville, AL 36066-5583

    • Retail residential properties
    • 5,000 SF
    • 0.45 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2995213
    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

    • Retail residential properties

    Property Details for 1862 Glynwood Dr

    Year built
    2008
    Construction
    WOOD
    Lot size
    0.45 lot acres
    Property size
    5,000 SF
    Property type
    Retail residential properties
    APN
    19-01-11-4-000-004.062
    APU
    1901114000004062

    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
    Prattville
    County
    Autauga
    State
    Alabama
    Longitude
    -86.4216
    Latitude
    32.4635
    CBSA code
    33860
    CBSA name
    MONTGOMERY, 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
    2024
    $3,639
    $0.00
    $0.00
    $117,400
    -
    $148,000
    $439,000
    $587,000

    Comparable in this City

    • Value Estimation by Request
      10,500 SF

      1820 Glynwood Dr

      STORES & APARTMENTS • 10,500 SF
      1820 Glynwood Dr, Prattville, AL 36066-8500
      View Details
    • Value Estimation by Request
      7,150 SF

      1701 Main St

      STORES & APARTMENTS • 7,150 SF
      1701 Main St, Prattville, AL 36066-5525
      View Details
    • Value Estimation by Request
      7,000 SF

      1671 Main St

      STORES & APARTMENTS • 7,000 SF
      1671 Main St, Prattville, AL 36066-3503
      View Details
    • Value Estimation by Request
      5,006 SF

      398 Silver Hls Dr

      STORES & APARTMENTS • 5,006 SF
      398 Silver Hls Dr, Prattville, AL 36066
      View Details
    • Value Estimation
      $1,470,000
      26,040 SF

      2257 Cobbs Frd Rdc

      STORE/OFFICE (MIXED USE) • 26,040 SF
      2257 Cobbs Frd Rdc, Prattville, AL 36066-7703
      View Details
    • Value Estimation
      $850,000
      8,125 SF

      F Interstate Com 1st Lot

      STORE/OFFICE (MIXED USE) • 8,125 SF
      F Interstate Com 1st Lot, Prattville, AL 36066
      View Details

    Similar Nearby for Sale

    • $1,200,000
      20.00 Acres

      Prattville Commercial Land - 20 Acres

      Prime Commercial Land, High Traffic Area
      0 Us Highway 31, Prattville, AL 36066
      View Details
    • $742,262
      2.84 Acres

      Prattville Commercial Land - Lot 3

      High-visibility commercial lot, ideal for retail.
      82 & 31 Mcqueen Smith Rd & Hwy, Prattville, AL 36066
      View Details
    • $400,000
      0.86 Acres

      Prattville Commercial Land - $400K

      0.86-acre commercial lot, prime location.
      0 Cobbs Ford Rd, Prattville, AL 36066
      View Details
    • Contact for pricing
      3.67 Acres

      Prattville Commercial Land - Institutional Zoning

      Two lots, excellent visibility, immediate possession.
      1001 Mcqueen Smith Rd, Prattville, AL 36066
      View Details
    • $1,500,000
      8,125 SF

      Prattville Office Building For Sale

      8,125 SF Office Building, Excellent Location
      270 Interstate Hwy Park Loop, Prattville, AL 36066
      View Details
    • Contact for pricing
      6,830 SF

      Freestanding Restaurant in Retail Corridor

      Prime restaurant property for reuse or redevelopment in Prattville, AL.
      2301 Cobbs Ford Rd, Prattville, AL 36066
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      481,000 SF

      High Point Town Center: Prattville Retail

      Prime Prattville retail space, multiple units available.
      2431 Cobbs Ford Rd, Prattville, AL 36066
      View Details
    • Contact for pricing
      430,000 SF

      Prattville Town Center Retail Space

      High-traffic retail space in prime Prattville location.
      0 Cobbs Ford Rd, Prattville, AL 36066
      View Details
    • $9 SF/Yr
      2,788 SF

      Prattville Office Space For Lease

      Prime Prattville location, flexible office suites.
      1300 Main St, Prattville, AL 36066
      View Details
    • Contact for pricing
      5,180 SF

      Retail Space in Prattville Power Center

      Retail space for lease in a high-traffic Prattville power center.
      2768-2776 Legends Pkwy, Prattville, AL 36066
      View Details
    • $13 SF/Yr
      2,900 SF

      Highway 14 Commercial Space

      Prime Retail/Office Units, High Traffic Location
      2000-2024 Fairview Ave, Prattville, AL 36066
      View Details
    • Contact for pricing
      3,577 SF

      Prattville QSR Space Available

      High-traffic QSR space near I-65.
      2525 Cobbs Ford Rd, Prattville, AL 36066
      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.
    1862 Glynwood Dr
    Prattville, AL 36066-5583
    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.