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    20 Washington St Selma, AL 36703

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    20 Washington St Selma, AL 36703

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    • Grocery and convenience stores
    • 9,290 SF
    • 0.14 lot acres
    For Sale
    $380,000
    View Listing →
    Selma Commercial Building Opportunity For Sale
    $380,000

    Selma Commercial Building Opportunity

    Prime Selma location, $380,000. Great investment potential.

    20 Washington St, Selma, AL 36703
    View Listing
    Property ID
    US03-1084994
    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

    • Grocery and convenience stores

    Property Details for 20 Washington St

    Year built
    1865
    Construction
    WOOD
    Lot size
    0.14 lot acres
    Property size
    9,290 SF
    Zone code
    C
    Property type
    Grocery and convenience stores
    APN
    11073610060450000
    APU
    11073610060450000

    Description

    This exceptional commercial property, located at 20 Washington Street in the heart of Selma, Alabama, presents a compelling investment opportunity. Priced at $380,000, this general commercial building offers significant potential for a variety of uses. While the exact square footage is currently unavailable, the property sits on a 0-acre lot, providing ample space for potential expansion or outdoor activities depending on the intended use. Its central Selma location ensures high visibility and accessibility, making it an ideal choice for businesses seeking a strong presence in the community. The property's versatility allows for a wide range of commercial ventures, from retail spaces and offices to light industrial uses. Serious inquiries are encouraged to explore the possibilities and conduct a thorough due diligence process to assess the property's suitability for their specific business needs. This is a rare chance to acquire a well-situated commercial property in a thriving Alabama city. The property is being offered as-is. Further details regarding the property's condition and potential uses can be provided upon request. Don't miss this chance to secure a valuable asset in a dynamic market.

    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
    Selma
    County
    Dallas
    State
    Alabama
    Longitude
    -87.0183
    Latitude
    32.4078
    CBSA code
    42820
    CBSA name
    SELMA, 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
    $2,129
    $0.00
    $0.00
    $37,020
    -
    $10,700
    $174,400
    $185,100

    Comparable in this City

    • Value Estimation by Request
      120 SF

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      CONVENIENCE STORE • 120 SF
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      View Details
    • Value Estimation
      $1,100,000
      2,548 SF

      9021 Al Hwy 14th E

      CONVENIENCE STORE • 2,548 SF
      9021 Al Hwy 14th E, Selma, AL 36703-5639
      View Details
    • Value Estimation by Request
      1,216 SF

      1830 Al Hwy 14th E

      CONVENIENCE STORE • 1,216 SF
      1830 Al Hwy 14th E, Selma, AL 36703-1525
      View Details
    • Value Estimation by Request
      2,264 SF

      1601 Old Montgomery Rd

      CONVENIENCE STORE • 2,264 SF
      1601 Old Montgomery Rd, Selma, AL 36703-7637
      View Details
    • Value Estimation by Request
      2,088 SF

      1406 Marie Foster St

      CONVENIENCE STORE • 2,088 SF
      1406 Marie Foster St, Selma, AL 36703
      View Details
    • Value Estimation by Request
      5,000 SF

      2909 Water Ave

      CONVENIENCE STORE • 5,000 SF
      2909 Water Ave, Selma, AL 36703-1730
      View Details

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      2414 Kimble Rd, Selma, AL 36703
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      24,849 SF

      Fully Leased Selma Plaza Retail

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      Residential lot with planted apple, pear trees, and scuppernong vines.
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      Selma Avenue Commercial Corner Lot

      Prime Selma location, retail/residential potential.
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      Residential Land in Selma, Alabama

      Residential land available for building a new home.
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    Similar Nearby for Lease

    • Contact for pricing

      Historic Selma Storefront Available

      Historic storefront in Selma, Alabama with revitalization potential.
      1223 Water Ave, Selma, AL 36703
      View Details
    • Contact for pricing

      Selma Industrial Space For Rent

      Industrial space available for rent in Selma, Alabama.
      1112 Singleton Dr, Selma, AL 36703
      View Details
    View Listing
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    Selma, AL 36703
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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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