Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    301 Larkin Rd Elba, AL 36323-5105
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    301 Larkin Rd Elba, AL 36323-5105

    View on Map
    • Retail properties & Spaces
    • 10,112 SF
    • 104.76 lot acres
    Off-Market
    Property ID
    US03-1742103
    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
    $800,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Elba Airport Authority / Department Of Transportation

    Property Details for 301 Larkin Rd

    Year built
    1972
    Lot size
    104.76 lot acres
    Property size
    10,112 SF
    Property type
    Retail properties & Spaces
    APN
    1104182000001000
    APU
    1104182000001000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $798,000
      Market price range: $306k - $798k
      AI Estimate
      $798,000
      Market price range: $306k - $798k

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $655,000
      Current use
      COMMERCIAL (GENERAL)
      $905,000
      Change: +38% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Elba
    County
    Coffee
    State
    Alabama
    Longitude
    -86.0882
    Latitude
    31.408
    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
    $150,840
    -
    $250,000
    $1,258,220
    $1,508,220

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      315 Plant Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,400 SF
      315 Plant Ave, Elba, AL 36323
      View Details
    • Value Estimation by Request
      4,560 SF

      304 Reese Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,560 SF
      304 Reese Ave, Elba, AL 36323-1826
      View Details
    • Value Estimation by Request
      2,400 SF

      1216 Caroline St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,400 SF
      1216 Caroline St, Elba, AL 36323-1824
      View Details
    • Value Estimation by Request
      2,400 SF

      3651 County Rd 415

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,400 SF
      3651 County Rd 415, Elba, AL 36323-7936
      View Details
    • Value Estimation by Request
      2,212 SF

      322 Ct Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,212 SF
      322 Ct Ave, Elba, AL 36323-1729
      View Details
    • Value Estimation by Request
      4,000 SF

      1770 Hickman Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,000 SF
      1770 Hickman Ave, Elba, AL 36323-4204
      View Details

    Similar Nearby for Sale

    • $429,000
      5.50 Acres

      Prime Commercial Land on Hwy 84

      5.5-acre corner lot ideal for commercial development.
      Highway 84, Elba, AL 36323
      View Details
    • $117,000
      18.00 Acres

      Versatile Land Tract in Elba

      18-acre tract with timber, recreation, and investment potential.
      Taylor Mill Rd, Elba, AL 36323
      View Details
    • $60,000
      Pending

      6 Acres Residential Land, Elba

      6 acres of partially cleared land in the countryside.
      County Road 355, Elba, AL 36323
      View Details
    • Contact for pricing
      0.60 Acres

      Commercial/Residential Lot in Downtown Elba

      Commercial or residential lot in downtown Elba, Alabama.
      Farris Ave, Elba, AL 36323
      View Details
    • $69,900
      13.50 Acres

      Elba, AL Land For Sale

      13.5 acres of land available in Elba, Alabama.
      13.5 Acres County Rd 338, Elba, AL 36323
      View Details
    • $40,500
      9.00 Acres

      Elba, AL Vacant Land

      9+/- acre property on Troy Highway, Elba, AL.
      Troy Hwy, 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
    • $8 SF/Yr
      27,500 SF

      Retail Suites For Lease

      Retail suites available for lease with developable land.
      949 Alabama Highway 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
    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.
    301 Larkin Rd
    Elba, AL 36323-5105
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!