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    Property profile & analytics

    305 Main St Enterprise, AL 36330-3804

    • Motels
    • 11,319 SF
    • 0.85 lot acres
    OFF-MARKET
    Last Sale
    May 21, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1320410
    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

    • Boll Weevil Inn / Hotel / Inn

    Property Details for 305 Main St

    Year built
    1958
    Lot size
    0.85 lot acres
    Property size
    11,319 SF
    Property type
    Motels
    APN
    1605212201007000
    APU
    1605212201007000

    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
    Enterprise
    County
    Coffee
    State
    Alabama
    Longitude
    -85.8517
    Latitude
    31.3123
    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
    $72,800
    -
    $100,000
    $263,940
    $363,940

    Comparable in this City

    • Value Estimation by Request
      40,130 SF

      630 Glover Ave

      MOTEL • 40,130 SF
      630 Glover Ave, Enterprise, AL 36330-2014
      View Details
    • Value Estimation
      $1,065,000
      7,176 SF

      101 Access Dr

      MOTEL • 7,176 SF
      101 Access Dr, Enterprise, AL 36330-3325
      View Details
    • Value Estimation by Request
      30,130 SF

      615 Boll Weevil Cir

      MOTEL • 30,130 SF
      615 Boll Weevil Cir, Enterprise, AL 36330-2733
      View Details
    • Value Estimation by Request
      17,456 SF

      714 Boll Weevil Cir

      MOTEL • 17,456 SF
      714 Boll Weevil Cir, Enterprise, AL 36330-2032
      View Details
    • Value Estimation by Request
      40,743 SF

      203 Brabham Dr

      HOTEL • 40,743 SF
      203 Brabham Dr, Enterprise, AL 36330-3173
      View Details
    • Value Estimation by Request
      31,630 SF

      715 Boll Weevil Cir

      HOTEL • 31,630 SF
      715 Boll Weevil Cir, Enterprise, AL 36330-2036
      View Details

    Similar Nearby for Sale

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      Enterprise Commercial Land For Sale

      1.54 acre commercial land parcel with high-traffic location.
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    • $1,025,000
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      Enterprise Land Investment Opportunity

      72.75 acres of land perfect for commercial or residential development.
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    • $999,000
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      Medical Office Building For Sale

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    • $265,000
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      Enterprise Commercial Land For Sale

      1.47 acre commercial land parcel in Enterprise, Alabama.
      200 Brabham Dr, Enterprise, AL 36330
      View Details
    • New
      $265,000
      5,800 SF

      Move-in Ready Commercial Property

      5,800 SF commercial property suitable for retail or office.
      246 Factory Ave, Elba, AL 36330
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    • $699,000
      9,298 SF

      Enterprise Medical Office Building

      Three-unit office building, excellent investment
      1275 James Dr, Enterprise, AL 36330
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      24,000 SF

      Enterprise Industrial Warehouse For Sale

      24,000 SF Warehouse, Newly Renovated
      1570 Parker Ln, Enterprise, AL 36330
      View Details
    • $12 SF/Yr
      8,500 SF

      Enterprise Retail Center - High Traffic

      Prime retail space, multiple tenants, high visibility.
      3 Pt Ct, Enterprise, AL 36330
      View Details
    • $7 SF/Yr
      4,328 SF

      218 Main St

      Industrial properties • 4,328 SF
      218 Main St, Enterprise, AL 36330
      View Details
    • Contact for pricing
      5,240 SF

      Enterprise Medical Office Space

      Modern, Class A medical office shell space available.
      102 Jackson St, Enterprise, AL 36330
      View Details
    • Contact for pricing
      86,260 SF

      1032 Boll Weevil Cir

      Lifestyle centers • 86,260 SF
      1032 Boll Weevil Cir, Enterprise, AL 36330
      View Details
    • $12 SF/Yr
      38,056 SF

      Prime Retail Space in Enterprise

      Modern retail space with high visibility and ample parking.
      913 Rucker Blvd, Enterprise, AL 36330
      View Details
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    305 Main St
    Enterprise, AL 36330-3804
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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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