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    203 1St Ave E Reform, AL 35466
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    203 1St Ave E, Reform, AL 35466

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    • Investment properties
    • 10,580 SF
    • 1.38 lot acres
    For Sale
    $199,900
    View Listing →
    Reform, AL Office Unit For Sale
    $199,900

    Reform, AL Office Unit

    Office unit available for sale in Reform, Alabama.

    203 1st Avenue E, Reform, AL 35466
    View Listing
    Property ID
    US03-2212430
    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

    • Investment properties

    Property Details for 203 1St Ave E

    Year built
    2022
    Lot size
    1.38 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    54 09 08 28 2 000 036.000
    APU
    540908282000036000

    Description

    This exceptional office building, located at 203 1st Avenue E in Reform, Alabama, presents a unique investment opportunity. Priced at $199,900, this property offers significant potential for a variety of commercial uses. While the exact square footage is currently unavailable, the building sits on a conveniently sized lot of zero acres, making it ideal for easy access and minimal maintenance. Its prime location in Reform ensures high visibility and accessibility for clients and employees. The building's current configuration is suitable for immediate occupancy, although renovations or customization could further enhance its value and functionality. This property is perfect for a small business seeking a dedicated space, a growing company needing expansion room, or an investor looking for a strong return on investment in a stable market. The absence of specified square footage allows for flexibility in planning and usage. The asking price represents a compelling opportunity to acquire a well-situated commercial property in a developing area. Serious inquiries are encouraged to explore the full potential of this promising investment. Further details regarding the building's interior layout and specifications are available upon request. Don't miss this chance to secure a valuable asset in the heart of Reform.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,293,000
      Market price range: $331k - $1.29M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $840,000
      Current use
      RETAIL STORES
      $1,435,000
      Change: +71% Conversion: Easy
      WAREHOUSE, STORAGE
      $720,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Reform
    County
    Pickens
    State
    Alabama
    Longitude
    -88.0128
    Latitude
    33.3776
    CBSA code
    46220
    CBSA name
    TUSCALOOSA, 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
    $9,853
    $24,000
    $163,320
    $187,320
    -
    $120,000
    $816,680
    $936,680

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      Reform, AL 35481

      STORE/OFFICE (MIXED USE)
      Reform, AL 35481
      View Details
    • Value Estimation
      $1,740,000
      16,750 SF

      Hwy 82

      STORE/OFFICE (MIXED USE)
      Hwy 82, Reform, AL 35481
      View Details
    • Value Estimation by Request
      858 SF

      601 Hwy 82

      STORE/OFFICE (MIXED USE)
      601 Hwy 82, Reform, AL 35481
      View Details
    • Value Estimation by Request
      10,932 SF

      1st S St

      STORE/OFFICE (MIXED USE)
      1st S St, Reform, AL 35481
      View Details
    • Value Estimation by Request
      400 SF

      416 Hwy 82

      STORE/OFFICE (MIXED USE)
      416 Hwy 82, Reform, AL 35481
      View Details
    • Value Estimation
      $965,000
      10,160 SF

      Reform, AL 35481

      STORE/OFFICE (MIXED USE)
      Reform, AL 35481
      View Details

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    View Listing
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    Reform, AL 35466
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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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