Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    246 Bexar E Ave Hamilton, AL 35570-4013

    Property Lookup

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

    246 Bexar E Ave Hamilton, AL 35570-4013

    View on Map
    • Drive through restaurants
    • 3,357 SF
    • 0.44 lot acres
    Off-Market
    Property ID
    US03-2596096
    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

    • Drive through restaurants

    Property Details for 246 Bexar E Ave

    Year built
    2003
    Lot size
    0.44 lot acres
    Property size
    3,357 SF
    Property type
    Drive through restaurants
    APN
    49-09-07-35-3-000-077.000
    APU
    490907353000077000

    Description

    This exceptional 3,676 square foot free-standing restaurant building presents a unique sublease opportunity in Hamilton, Alabama. Situated on a 0.86-acre parcel, the property boasts unparalleled visibility due to its location on Bexar Avenue (4,880 cars per day) and Military Street North (7,136 cars per day). Built in 2003, this single-story building offers a spacious, single-tenant layout, currently vacant and ready for immediate occupancy. The property's strategic location offers convenient access to a significant customer base, being only 1.6 miles (a five-minute drive) from Bevill State Community College. The existing lease agreement extends until March 31, 2038, with options available, providing long-term stability and investment potential. This is an ideal opportunity for a restaurant or retail business seeking a high-traffic location with excellent visibility and a substantial lease term. The property features no elevators, and the building consists of one structure. The county is Marion County. This turnkey property is ready for your business to thrive.

    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
    Hamilton
    County
    Marion
    State
    Alabama
    Longitude
    -87.9863
    Latitude
    34.1416

    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
    $3,700
    $11,520
    $104,120
    $115,640
    -
    $57,600
    $520,650
    $578,250

    Comparable in this City

    • Value Estimation by Request
      3,260 SF

      1394 Military S St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,260 SF
      1394 Military S St, Hamilton, AL 35570-5005
      View Details
    • Value Estimation by Request
      1,406 SF

      407 Military S St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,406 SF
      407 Military S St, Hamilton, AL 35570-4788
      View Details
    • Value Estimation by Request
      1,250 SF

      560 Military S St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,250 SF
      560 Military S St, Hamilton, AL 35570-4730
      View Details
    • Value Estimation by Request
      3,156 SF

      261 Bexar E Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,156 SF
      261 Bexar E Ave, Hamilton, AL 35570-4064
      View Details
    • Value Estimation by Request
      1,550 SF

      1261 Military S St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,550 SF
      1261 Military S St, Hamilton, AL 35570-5004
      View Details
    • Value Estimation by Request
      2,598 SF

      1726 Military S St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,598 SF
      1726 Military S St, Hamilton, AL 35570
      View Details

    Similar Nearby for Sale

    • $99,900
      3,000 SF

      Downtown Hamilton Commercial Opportunity

      Prime location with high visibility and endless business possibilities.
      126 2Nd St, Hamilton, AL 35570
      View Details
    • Contact for pricing
      640 SF

      Remodeled Commercial Building in Hamilton

      Remodeled commercial building in downtown Hamilton suitable for small business.
      Nw 1St St, Hamilton, AL 35570
      View Details
    • New
      $99,000
      1,872 SF

      Prime Commercial Storefront in Hamilton

      Spacious commercial building in a high-traffic location, ideal for business.
      210 1St St, Hamilton, AL 35570
      View Details
    • $416,000
      3.20 Acres

      Land Near Interstate I-22

      3.2 acres of land near Loves Truck Stop.
      3.2 Acres Hwy 35, Hamilton, AL 35570
      View Details
    • $220,000
      4,000 SF

      Commercial Building on Hwy 43

      4,000 SF commercial building on 3.84 acres.
      26210 Us Highway 43, Hamilton, AL 35570
      View Details
    • Contact for pricing
      3,720 SF

      Multi-Use Commercial Building on 1.6 Acres

      Large commercial building on 1.6 acres, multiple bays.
      2896 Bexar Ave, Hamilton, AL 35570
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    246 Bexar E Ave
    Hamilton, AL 35570-4013
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    246 Bexar E Ave, Hamilton, AL, 35570
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!