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    Property profile & analytics

    2000 Clowdus Dr Oneonta, AL 35121-2766

    • Investment properties
    • 16,800 SF
    • 1.80 lot acres
    OFF-MARKET
    Value Estimations
    $640,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1381219
    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

    • Investment properties

    Property Details for 2000 Clowdus Dr

    Year built
    1980
    Construction
    STEEL FRAME
    Lot size
    1.80 lot acres
    Property size
    16,800 SF
    Zone code
    4
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    16-09-29-1-000-030.001
    APU
    1609291000030001

    Description

    This exceptional 17,774-square-foot freestanding retail showroom and warehouse building presents a unique investment opportunity in Oneonta, Alabama. Built in 1985 and renovated in 2015, the property sits on a 1.8-acre lot and boasts a single-story design with 30 parking spaces. The building's zoning is M-1 Light Industrial, offering flexibility for a variety of uses. Located at 2000 Clowdus Dr, Oneonta, AL 35121 (cross street: 20th Street), this property enjoys high visibility on Alabama Highway 75, with an estimated daily traffic count exceeding 15,000 vehicles. The property benefits from its proximity to major retailers such as Walmart, Dollar Tree, Hibbett Sports, and Tractor Supply Co., ensuring high foot traffic and brand recognition. The building features an easily accessible loading dock, making it ideal for businesses requiring efficient loading and unloading operations. The property's APN is 16-09-29-1-000-030.001, and it is located in Blount County. The building's floor area ratio (FAR) is 0.23. The entire 17,774 square feet is currently vacant, providing immediate occupancy for a new tenant. This property offers a compelling combination of size, location, and accessibility, making it an attractive option for a wide range of businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $706,000
      Market price range: $707k - $1.67M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Oneonta
    County
    Blount
    State
    Alabama
    Longitude
    -86.4523
    Latitude
    33.9675
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, 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
    2023
    $7,246
    $27,300
    $133,720
    $161,020
    -
    $136,500
    $668,580
    $805,080

    Comparable in this City

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      1,953 SF

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      3,600 SF

      108 1st E Ave

      STORE/OFFICE (MIXED USE) • 3,600 SF
      108 1st E Ave, Oneonta, AL 35121-1709
      View Details
    • Value Estimation by Request
      384 SF

      1202 2nd E Ave

      STORE/OFFICE (MIXED USE) • 384 SF
      1202 2nd E Ave, Oneonta, AL 35121-2604
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    • Value Estimation by Request
      2,700 SF

      111 6th S St

      STORE/OFFICE (MIXED USE) • 2,700 SF
      111 6th S St, Oneonta, AL 35121-1824
      View Details
    • Value Estimation by Request
      1,053 SF

      311 1st E Ave

      STORE/OFFICE (MIXED USE) • 1,053 SF
      311 1st E Ave, Oneonta, AL 35121-1406
      View Details
    • Value Estimation by Request
      2,550 SF

      326 1st E Ave

      STORE/OFFICE (MIXED USE) • 2,550 SF
      326 1st E Ave, Oneonta, AL 35121-1407
      View Details

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    2000 Clowdus Dr
    Oneonta, AL 35121-2766
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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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