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    2018 2Nd Ave Oneonta, AL 35121
    Property profile & analytics

    2018 2Nd Ave, Oneonta, AL 35121

    View on Map
    • Commercial real estate
    • 3.40 lot acres
    Off-Market
    Property ID
    US03-1346013
    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

    • Commercial real estate

    Property Details for 2018 2Nd Ave

    Lot size
    3.40 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 3.4-acre property in Oneonta, Alabama, presents a unique investment opportunity. Located at 2018 2nd Avenue East, this land boasts versatile zoning, encompassing both B-1 and R-1 classifications. The site features approximately 2.4 acres zoned B-1, providing significant road frontage of approximately 300 feet, and an additional 1 acre zoned R-1 situated at the rear of the property. High traffic counts of 15,817 vehicles daily enhance its commercial potential. An existing 2,176 square foot+/- house is situated on the property, offering immediate potential for office space or conversion to suit a variety of uses. The property's address is 2018 2nd Avenue East, Oneonta, AL 35121, within Blount County. The asking price for this multi-use land is $750,000. This location offers excellent visibility and accessibility, making it ideal for a diverse range of commercial and residential ventures. The combination of zoning, existing structure, and high traffic volume makes this a truly remarkable opportunity. Don't miss out on this chance to acquire a versatile property with significant upside potential.

    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
    Oneonta
    County
    Blount
    State
    Alabama
    Longitude
    -86.453533412979
    Latitude
    33.96850172987

    Comparable in this City

    • $369,000
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      Oneonta Land with Shop Buildings

      18 acres with two large shops near I-59.
      24 Reneau Rd, Oneonta, AL 35121
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    • $340,000
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      Straight Mountain Acreage with Shop

      18 acres on Straight Mountain with versatile shop buildings.
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    • $475,000
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      Mixed-Use Property with Shop

      6000+/- sq ft shop with office/apartment and additional lot.
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    • $35,999
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      ONEONTA, AL Corner Lot

      Corner lot near a peaceful 300+ acre lake.
      Lakeshore Loop, Oneonta, AL 35121
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    • $49,900
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      Commercial Land in Oneonta, AL

      Commercial land with utilities available near downtown Oneonta.
      High School St, Oneonta, AL 35121
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    • Contact for pricing
      2,492 SF

      Commercial Land in Growing City

      Investment opportunity near new shopping center in Oneonta, Alabama.
      2018 2Nd Ave E, Oneonta, AL 35121
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    Similar Nearby for Sale

    • $369,000
      18.00 Acres

      Oneonta Land with Shop Buildings

      18 acres with two large shops near I-59.
      24 Reneau Rd, Oneonta, AL 35121
      View Details
    • $340,000
      18.00 Acres

      Straight Mountain Acreage with Shop

      18 acres on Straight Mountain with versatile shop buildings.
      Reneau Rd, Oneonta, AL 35121
      View Details
    • $475,000
      6,000 SF

      Mixed-Use Property with Shop

      6000+/- sq ft shop with office/apartment and additional lot.
      2285 Reneau Rd, Oneonta, AL 35121
      View Details
    • $35,999
      0.90 Acres

      ONEONTA, AL Corner Lot

      Corner lot near a peaceful 300+ acre lake.
      Lakeshore Loop, Oneonta, AL 35121
      View Details
    • $49,900
      0.02 Acres

      Commercial Land in Oneonta, AL

      Commercial land with utilities available near downtown Oneonta.
      High School St, Oneonta, AL 35121
      View Details
    • Contact for pricing
      2,492 SF

      Commercial Land in Growing City

      Investment opportunity near new shopping center in Oneonta, Alabama.
      2018 2Nd Ave E, Oneonta, AL 35121
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Grocery Anchored Outparcel Opportunity

      Outparcel for ground lease or build to suit available.
      997 2Nd Ave E, Oneonta, AL 35121
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    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Oneonta, Alabama.
      1115 2Nd Ave East Hwy75, Oneonta, AL 35121
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      Oneonta Retail Outparcel Opportunity

      Retail outparcel available for ground lease or build to suit.
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    • Contact for pricing
      1,202 SF

      Retail Space in Prime Location

      Retail space available in a high-traffic location.
      410 2Nd Ave E, Oneonta, AL 35121
      View Details
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    Oneonta, AL 35121
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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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