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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    224 Central Ave Oxford, AL 36203-1807

    • Investment properties
    • 1,560 SF
    • 0.13 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1131815
    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 224 Central Ave

    Year built
    2006
    Construction
    METAL FRAME
    Lot size
    0.13 lot acres
    Property size
    1,560 SF
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    21-09-29-1-001-032.000
    APU
    2109291001032000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.8207
    Latitude
    33.6119
    CBSA code
    11500
    CBSA name
    ANNISTON-OXFORD, 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
    $1,349
    $9,100
    $19,292
    $28,392
    -
    $45,500
    $96,460
    $141,960

    Comparable in this City

    • Value Estimation
      $3,390,000
      33,970 SF

      231 Davis Loop

      STORE/OFFICE (MIXED USE) • 33,970 SF
      231 Davis Loop, Oxford, AL 36203-3420
      View Details
    • Value Estimation
      $1,155,000
      5,300 SF

      163 Plz Ln

      STORE/OFFICE (MIXED USE) • 5,300 SF
      163 Plz Ln, Oxford, AL 36203-2465
      View Details
    • Value Estimation by Request
      6,250 SF

      175 Plz Ln

      STORE/OFFICE (MIXED USE) • 6,250 SF
      175 Plz Ln, Oxford, AL 36203-2465
      View Details
    • Value Estimation
      $7,725,000
      76,678 SF

      700 Quintard Dr

      STORE/OFFICE (MIXED USE) • 76,678 SF
      700 Quintard Dr, Oxford, AL 36203-1845
      View Details
    • Value Estimation
      $1,100,000
      19,544 SF

      1881 Us Hwy 78th W

      STORE/OFFICE (MIXED USE) • 19,544 SF
      1881 Us Hwy 78th W, Oxford, AL 36203-4104
      View Details
    • Value Estimation
      $675,000
      12,106 SF

      1951 Barry St

      STORE/OFFICE (MIXED USE) • 12,106 SF
      1951 Barry St, Oxford, AL 36203-2319
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Refreshed Mixed-Use Property in Oxford

      Combined warehouse and office space on US Hwy 78 in Oxford.
      2115 Highway Dr, Oxford, AL 36203
      View Details
    • $184,900
      0.25 Acres

      Oxford Office Building - Prime Location

      High-traffic corner lot, ideal for office or retail.
      900 Snow St, Oxford, AL 36203
      View Details
    • $159,900
      1.03 Acres

      Commercial Acreage in Oxford, AL

      Vacant 1.03-acre lot suitable for retail or office development.
      Friendship Rd, Oxford, AL 36203
      View Details
    • $184,900
      0.25 Acres

      Prime Oxford Commercial Land

      Excellent location for a strip center or custom-built office.
      900 Snow St, Oxford, AL 36203
      View Details
    • Contact for pricing
      0.43 Acres

      Oxford, AL Building Lot

      Residential land for sale in Oxford, Alabama.
      30 Anna Mattison Rd, Oxford, AL 36203
      View Details
    • $799,900
      Pending

      Prime Commercial Property in Oxford

      High-visibility commercial property with showroom, warehouse, and office space.
      1321 E Hamric Dr, Oxford, AL 36203
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      20,951 SF

      Oxford Warehouse/Distribution Space

      High-Visibility Oxford Warehouse, 18,051 SF Available
      230 Davis Loop, Oxford, AL 36203
      View Details
    • $14 SF/Yr
      27,050 SF

      Retail Space Near Oxford Mall

      Retail space with high visibility near Oxford Mall.
      1225 Snow St, Oxford, AL 36203
      View Details
    • Contact for pricing
      8,300 SF

      Oxford Commons Retail Center

      Alabama Retail Space - 8,300 SF Available
      50 Commons Way, Oxford, AL 36203
      View Details
    • $14 SF/Yr
      27,050 SF

      Oxford Retail Center: Prime Location

      High-visibility retail space available in Oxford, AL.
      1225 Snow St, Oxford, AL 36203
      View Details
    • $16 SF/Yr
      22,400 SF

      Oxford Retail Space: Snow Street Village

      Prime Oxford storefront, 2,000 sq ft available.
      641 Snow St, Oxford, AL 36203
      View Details
    • Contact for pricing
      5,765 SF

      Creekside South Retail Spaces

      Oxford retail spaces, highway visibility.
      88 Ali Way, Oxford, AL 36203
      View Details
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    224 Central Ave
    Oxford, AL 36203-1807
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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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