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    333 Choccolocco St Oxford, AL 36203-1249

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    333 Choccolocco St Oxford, AL 36203-1249

    View on Map
    • Office buildings
    • 5,232 SF
    • 0.53 lot acres
    Off-Market
    Last Sale Nov 3, 2021
    Property ID
    US03-1250415
    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
    $515,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 333 Choccolocco St

    Year built
    1991
    Lot size
    0.53 lot acres
    Property size
    5,232 SF
    Property type
    Office buildings
    APN
    21-04-19-4-005-089.000
    APU
    2104194005089000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $720,000
      6.5%
      $665,000
      7%
      $615,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $391,000
      Market price range: $241k - $650k
      AI Estimate
      $714,000
      Market price range: $308k - $1.04M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $385,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $540,000
      Change: +40% Conversion: Easy
      RETAIL STORES
      $500,000
      Change: +31% Conversion: Moderate
      WAREHOUSE, STORAGE
      $400,000
      Change: +4% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $335,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Oxford
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.83
    Latitude
    33.6153
    CBSA code
    11500
    CBSA name
    ANNISTON-OXFORD, 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
    $5,534
    $23,040
    $93,360
    $116,400
    -
    $115,200
    $466,800
    $582,000

    Comparable in this City

    • Value Estimation by Request
      1,980 SF

      1525 Coleman Rd

      OFFICE BUILDING • 1,980 SF
      1525 Coleman Rd, Anniston, AL 36203-2046
      View Details
    • Value Estimation by Request
      2,713 SF

      314 Choccolocco St

      OFFICE BUILDING • 2,713 SF
      314 Choccolocco St, Oxford, AL 36203-1226
      View Details
    • Value Estimation by Request
      2,232 SF

      1133 Hamric E Dr

      OFFICE BUILDING • 2,232 SF
      1133 Hamric E Dr, Oxford, AL 36203-1852
      View Details
    • Value Estimation
      $1,100,000
      17,562 SF

      620 Quintard Dr

      PROFESSIONAL BUILDING • 17,562 SF
      620 Quintard Dr, Oxford, AL 36203-1840
      View Details
    • Value Estimation by Request
      4,024 SF

      1211 Hamric W Dr

      OFFICE BUILDING • 4,024 SF
      1211 Hamric W Dr, Oxford, AL 36203-2228
      View Details
    • Value Estimation by Request
      2,831 SF

      2341 Al Hwy 21st S

      OFFICE BUILDING • 2,831 SF
      2341 Al Hwy 21st S, Oxford, AL 36203-2906
      View Details

    Similar Nearby for Sale

    • $1,900,000
      49,212 SF

      Industrial Facility Ready For Occupancy

      Light industrial facility with office space and warehouse, move-in ready.
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    • $184,900
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      Oxford Office Building - Prime Location

      High-traffic corner lot, ideal for office or retail.
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      15,882 SF

      Quintard Drive Office Building

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    • $799,900
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      Commercial Property with Highway Frontage

      Commercial property offering offices, showroom, warehouse space, and more.
      1321 E Hamric Dr, Oxford, AL 36203
      View Details
    • $279,900
      0.69 Acres

      Commercial Land in High-Traffic Area

      Commercial land with high visibility and traffic count.
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    • Contact for pricing
      0.56 Acres

      Undeveloped Lot in Oxford School

      0.56-acre lot in Oxford School District near Highway 78.
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    Similar Nearby for Lease

    • $6 SF/Yr

      Retail Space on Davis Loop

      15,400 SF retail space in high-traffic Oxford, AL.
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      Retail Space with Drive-Thru Potential

      End-cap retail space with drive-thru potential in Oxford, Alabama.
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      Retail Space at Oxford Exchange

      Anchor-quality retail space available in Oxford Exchange on April 1, 2026.
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    • Contact for pricing

      Retail Space on Highway 78

      Retail space with excellent visibility on a major retail corridor.
      88 Ali Way, Oxford, AL 36203
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    • Contact for pricing

      Retail Space in Snow Village

      Retail space available in Oxford, Alabama's Snow Village.
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    • Contact for pricing

      Retail Outparcel Near Choccolocco Park

      Prime retail space near Publix and Choccolocco Park.
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    333 Choccolocco St
    Oxford, AL 36203-1249
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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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