Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    409 Commerce St Greenville, AL 36037-2311

    Property Lookup

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

    409 Commerce St Greenville, AL 36037-2311

    View on Map
    • Retail space
    • 9,752 SF
    • 0.04 lot acres
    Off-Market
    Property ID
    US03-1233345
    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

    • Townes Stephen J / Law Firm

    Property Details for 409 Commerce St

    Lot size
    0.04 lot acres
    Property size
    9,752 SF
    Property type
    Retail space
    APN
    10 08 06 23 1 001 010.000
    APU
    100806231001010000

    Description

    This exceptional 9,987 square foot commercial land parcel is situated at 409 E. Commerce Street in Greenville, Alabama, zip code 36037. Located in the vibrant heart of Greenville, this property presents a unique opportunity for a wide range of commercial ventures. Its expansive size allows for significant development potential, catering to businesses seeking ample space for operations. The property's address places it within easy reach of Greenville's bustling Main Street, ensuring high visibility and accessibility for customers and employees. The land is classified as commercial and is being offered at an asking price of $135,000. This represents a compelling investment opportunity in a growing Alabama market. The property's versatility makes it suitable for a variety of uses, including retail establishments, office spaces, event venues, or restaurants. Serious inquiries are encouraged to explore the full potential of this prime commercial land. Further details are available upon request. The property is located in Greenville, Alabama, in county 01013, with GPS coordinates 31.8299816 latitude and -86.620105 longitude.

    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
    Greenville
    County
    Butler
    State
    Alabama
    Longitude
    -86.6201
    Latitude
    31.83

    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
    $925
    $0.00
    $0.00
    $21,760
    -
    $12,600
    $96,200
    $108,800

    Comparable in this City

    • Value Estimation by Request
      6,050 SF

      Greenville, AL 36037

      RETAIL STORES (PERSONAL SERVICES) • 6,050 SF
      Greenville, AL 36037
      View Details
    • Value Estimation by Request
      992 SF

      208 College St

      RETAIL STORES (PERSONAL SERVICES) • 992 SF
      208 College St, Greenville, AL 36037-2514
      View Details
    • Value Estimation by Request
      1,170 SF

      226 Commerce St

      RETAIL STORES (PERSONAL SERVICES) • 1,170 SF
      226 Commerce St, Greenville, AL 36037-2228
      View Details
    • Value Estimation by Request
      8,574 SF

      100 Short St

      RETAIL STORES (PERSONAL SERVICES) • 8,574 SF
      100 Short St, Greenville, AL 36037-2324
      View Details
    • Value Estimation by Request
      2,400 SF

      101 College St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      101 College St, Greenville, AL 36037-2011
      View Details
    • Value Estimation by Request
      2,430 SF

      562 Commerce St

      RETAIL STORES (PERSONAL SERVICES) • 2,430 SF
      562 Commerce St, Greenville, AL 36037-2035
      View Details

    Similar Nearby for Sale

    • $120,000
      1,594 SF

      Downtown Greenville Commercial Space

      Renovated commercial space in historic downtown Greenville.
      114 W Commerce St, Greenville, AL 36037
      View Details
    • $965,000
      3,313 SF

      Greenville Restaurant: Sale or Lease

      Turnkey Restaurant; Prime Greenville Location
      91 Cahaba Rd, Greenville, AL 36037
      View Details
    • $292,500
      13.00 Acres

      Prime Commercial Land in Greenville

      13-acre commercial property with high traffic and development potential.
      Greenville Byp, Greenville, AL 36037
      View Details
    • $1,200,000
      34,632 SF

      Greenville Commercial Property For Sale

      Commercial property with high traffic, prime location, and development potential.
      1007 Fort Dale Rd, Greenville, AL 36037
      View Details
    • $150,000
      1.93 Acres

      Commercial Land on Hwy 10

      1.93 acre commercial land with high visibility and access.
      1610 E Commerce St, Greenville, AL 36037
      View Details

    Similar Nearby for Lease

    • $8,250 /Mo
      3,313 SF

      Greenville Restaurant Space Available

      Prime Greenville restaurant, 3,313 sq ft.
      91 Cahaba Rd, Greenville, AL 36037
      View Details
    • Contact for pricing

      Retail Center Near Interstate 65

      Retail center with high visibility and accessibility near I-65.
      122 Butler St, Greenville, AL 36037
      View Details
    • Contact for pricing

      Restaurant Space Near I-65

      Restaurant space for sale or lease near Super Walmart and I-65.
      91 Cahaba Rd, Greenville, AL 36037
      View Details
    • Contact for pricing
      1,440 SF

      Office Space for Rent

      Office space available for rent in Greenville, Alabama.
      101 E Commerce St, Greenville, AL 36037
      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.
    409 Commerce St
    Greenville, AL 36037-2311
    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!