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    2251 Old Curtis Rd Elba, AL 36323
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    2251 Old Curtis Rd, Elba, AL 36323

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    • Investment properties
    • 2,000 SF
    • 16.85 lot acres
    For Sale
    $3,250,000
    View Listing →
    Elba Industrial Complex: Prime Location For Sale
    $3,250,000

    Elba Industrial Complex: Prime Location

    Two Warehouses, 207,000+ SF, Highway Access

    2251 Old Curtis Rd, Elba, AL 36323
    View Listing
    Property ID
    US03-1801010
    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 2251 Old Curtis Rd

    Year built
    1999
    Lot size
    16.85 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    1201124000042000
    APU
    1201124000042000

    Description

    This expansive 156,405-square-foot industrial warehouse in Elba, Alabama, presents a significant opportunity. The property, built in 1979 and extensively renovated in 2024, features a single building situated on an 18-acre lot. The warehouse is currently vacant and offers flexible layouts, with a minimum divisible space of 10,000 square feet, catering to diverse tenant needs. The high ceiling (25 feet) and ample loading capabilities, including 12 dock-high doors and 2 drive-in doors, enhance operational efficiency. The property's zoning is industrial, and its address is 2251 Old Curtis Rd, Elba, AL 36323, conveniently located near HWY-84 and Industrial Blvd (APN: 1201124000043000). An added benefit is a 4-acre reinforced concrete slab adjacent to the warehouse, ideal for outdoor storage or expansion. Its strategic location offers easy access to major interstates (I-85, I-65, I-10), Dothan Regional Airport (45 miles), and Montgomery Regional Airport (77 miles), as well as the Ports of Panama City Beach, FL (107 miles) and Mobile, AL (148 miles). This multi-tenant property is perfect for distribution or warehousing operations seeking a prime location with significant space and modern amenities.

    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
    Elba
    County
    Coffee
    State
    Alabama
    Longitude
    -86.0976
    Latitude
    31.4152
    CBSA code
    21460
    CBSA name
    ENTERPRISE-OZARK, AL MICROPOLITAN 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
    0
    $0.00
    $0.00
    $0.00
    $103,560
    -
    $84,000
    $0.00
    $84,000

    Comparable in this City

    • Value Estimation
      $1,200,000
      9,360 SF

      48 County Rd 607

      STORE/OFFICE (MIXED USE)
      48 County Rd 607, Elba, AL 36323-6530
      View Details
    • Value Estimation by Request
      4,500 SF

      217 Ct Ave

      STORE/OFFICE (MIXED USE)
      217 Ct Ave, Elba, AL 36323-1743
      View Details
    • Value Estimation by Request
      2,444 SF

      317 Davis W St

      STORE/OFFICE (MIXED USE)
      317 Davis W St, Elba, AL 36323-1726
      View Details
    • Value Estimation by Request
      1,080 SF

      645 Davis E St

      STORE/OFFICE (MIXED USE)
      645 Davis E St, Elba, AL 36323-1621
      View Details
    • Value Estimation by Request
      5,800 SF

      246 Factory N Ave

      STORE/OFFICE (MIXED USE)
      246 Factory N Ave, Elba, AL 36323-1740
      View Details
    • Value Estimation by Request
      1,200 SF

      20200 Hwy 87th 20188th Hwy

      STORE/OFFICE (MIXED USE)
      20200 Hwy 87th 20188th Hwy, Elba, AL 36323
      View Details

    Similar Nearby for Sale

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      0.60 Acres

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      Pending

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    • Contact for pricing

      Spacious Warehouse with Flexible Options

      156,405 Sq. Ft. warehouse with adjacent 4-acre concrete slab.
      2251 Old Curtis Rd, Elba, AL 36323
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr

      Retail Space in Elba, Alabama

      Neighborhood shopping center with available suites and below market rents.
      987 Al-203, Elba, AL 36323
      View Details
    • Contact for pricing

      Retail Center with Development Potential

      Retail center with high occupancy and developable land for rent.
      987 Al-203, Elba, AL 36323
      View Details
    View Listing
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    Elba, AL 36323
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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.

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