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Property profile & analytics
FOR SALE
Retail properties & Spaces

207 Gilmer Ave Tallassee, AL 36078

4,988 SF Built 1994
Individually Owned Absentee Owner Free & Clear
Property ID
US03-0627758
Property summary
AI-generated overview

This exceptional commercial property, located at 207 Gilmer Avenue in the desirable downtown Tallassee, Alabama, presents a significant investment opportunity. Offered at $1,000,000, this property boasts approximately 8,000 square feet of space, according to tax maps, and offers a versatile layout ideal for a variety of commercial uses. The building features a convenient roll-up door, perfect for loading and unloading, and includes two restrooms for employee and customer convenience. The property also includes a separate house, adding to its overall value and potential uses. Its prime location provides excellent visibility and accessibility, with 96 feet of road frontage directly on Highway 14/Gilmer Avenue. The building's design incorporates office space in the front and a shop area in the rear, providing flexibility for various business needs. This property is ready for immediate occupancy and presents a rare opportunity to acquire a substantial commercial property in a thriving Alabama town. Don't miss this chance to own a piece of Tallassee's commercial landscape. Schedule a viewing today

Property profile
Verified
Property type Retail properties & Spaces
Use group SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built 1994
Total area 4,988 SF
APN 19-06-13-4-002-009.000
UPID US03-0627758
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Bonner's Medical Supply Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$781k
Blend (final) Blend
$745k
Owner & transaction history
KITTYE P BONNER
KITTYE P BONNER
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores $615,000 +23.2%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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