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    Property profile & analytics

    2313 Cobbs Frd Rd Prattville, AL 36066-7705

    • Drive through restaurants
    • 3,995 SF
    OFF-MARKET
    Value Estimation
    $1,695,000
    Last Sale
    Nov 13, 2023
    $1,600,000
    Location Intelligence
    Property ID
    US03-0119911
    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

    • Drive through restaurants

    Property Details for 2313 Cobbs Frd Rd

    Year built
    2000
    Construction
    WOOD
    Property size
    3,995 SF
    Property type
    Drive through restaurants
    APN
    26-03-07-0-001-020.004
    APU
    2603070001020004

    Description

    This 3,995 square foot former Steak 'n Shake restaurant presents a unique turnkey opportunity in Prattville, Alabama. Situated on a 1.21-acre lot, the property boasts a drive-thru, ample parking (70 spaces), and excellent visibility. Built in 2000, the building features a new roof membrane (installed in 2015) and a new HVAC system (installed in 2016). Its prime location on Cobbs Ford Road (32,788 cars per day) offers easy access to I-65 (70,862 cars per day), ensuring high traffic volume. The property benefits significantly from its proximity to the entrance of the prestigious Robert Trent Jones Capitol Hill Golf Course, which hosts 80,000 rounds of golf annually, and also serves as an LPGA venue attracting 40,000 spectators. This strategic location provides exceptional exposure and potential for a thriving business. The property is located in Elmore County and is offered as a single-tenant retail space. All existing equipment is included, making this a truly move-in ready establishment. This is an exceptional opportunity for a restaurant operator seeking a well-maintained, high-traffic location with significant existing infrastructure.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,775,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,740,000
      6.5%
      $1,515,000
      7%
      $1,585,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,400,000
      Geo Method
      $1,790,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,430,000
      Retail
      $1,370,000
      Mixed-Use
      $1,625,000
      Hospitality
      $1,660,000
      Educational
      $1,670,000
      Residential Income
      $1,670,000
      Energy
      $1,870,000
      Income-Based Land
      $1,425,000
      Food Service
      $1,655,000

    Location Insight

    • Map
    • Local Demand
    City
    Prattville
    County
    Elmore
    State
    Alabama
    Longitude
    -86.4
    Latitude
    32.4607
    CBSA code
    33860
    CBSA name
    MONTGOMERY, 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
    $8,292
    $601,130
    $694,480
    $1,295,610
    -
    $601,130
    $694,480
    $1,295,610

    Comparable in this City

    • Value Estimation by Request
      2,467 SF

      1914 Cobbs Frd Rd

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      View Details
    • Value Estimation by Request
      2,725 SF

      Pratt E Shop Ctr

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      Pratt E Shop Ctr, Prattville, AL 36066
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    • Value Estimation
      $430,000
      2,670 SF

      2579 Cobbs Frd Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,670 SF
      2579 Cobbs Frd Rd, Prattville, AL 36066-7709
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    • Value Estimation by Request
      1,304 SF

      1829 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,304 SF
      1829 Main St, Prattville, AL 36066-5505
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    • Value Estimation by Request
      5,542 SF

      650 Malwest St

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,542 SF
      650 Malwest St, Prattville, AL 36066-7229
      View Details
    • Value Estimation
      $460,000
      5,542 SF

      Prattville, AL 36066

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,542 SF
      Prattville, AL 36066
      View Details

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    Prattville, AL 36066-7705
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    Realmo Value Estimation

    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.

    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.

    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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