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    410 Pelham Rd N Jacksonville, AL 36265
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    410 Pelham Rd N, Jacksonville, AL 36265

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    • Drive through restaurants
    • 3,049 SF
    • 0.78 lot acres
    For Sale
    View Listing →
    Former Restaurant with Drive-Thru For Sale
    Contact for pricing
    3,050 SF

    Former Restaurant with Drive-Thru

    Restaurant with drive-thru, near Jacksonville State University.

    410 Pelham Rd N, Jacksonville, AL 36265
    View Listing
    Property ID
    US03-1275245
    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 410 Pelham Rd N

    Year built
    1998
    Construction
    BRICK
    Lot size
    0.78 lot acres
    Property type
    Drive through restaurants
    APN
    12-06-14-1-001-029.000
    APU
    1206141001029000

    Description

    This 3,050 square foot former Burger King restaurant presents a unique opportunity for lease in Jacksonville, Alabama. Ideally situated for convenient access, this property boasts a prime location, making it highly visible and easily accessible to potential customers. The building features a fully operational drive-thru, a significant advantage for quick-service businesses, and existing signage, reducing initial marketing costs. The space is currently vacant and ready for immediate occupancy, offering flexibility for a variety of restaurant concepts or retail uses. Its location in Calhoun County places it within walking distance of a college campus, providing a built-in customer base. The building's substantial size of 3,050 square feet allows for ample space to accommodate a full-service restaurant or a large retail operation. The property is classified as street retail and free-standing, ensuring high visibility and independent operation. This is an exceptional opportunity to acquire a well-positioned commercial property with existing infrastructure, ready for immediate development and revenue generation. The property's previous use as a successful fast-food establishment speaks to its inherent suitability for similar ventures or adaptable retail concepts. The combination of location, drive-thru, signage, and size makes this a highly attractive investment prospect.

    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
    Jacksonville
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.7618
    Latitude
    33.8177
    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
    $7,199
    $40,700
    $110,852
    $151,552
    -
    $203,500
    $554,260
    $757,760

    Comparable in this City

    • Value Estimation by Request
      4,159 SF

      312 Pelham N Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      312 Pelham N Rd, Jacksonville, AL 36265-2141
      View Details
    • Value Estimation by Request
      1,902 SF

      1015 Pelham S Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      1015 Pelham S Rd, Jacksonville, AL 36265-3021
      View Details
    • Value Estimation by Request
      2,048 SF

      405 Pelham S Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      405 Pelham S Rd, Jacksonville, AL 36265-2727
      View Details
    • Value Estimation
      $665,000
      2,979 SF

      411 Pelham N Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      411 Pelham N Rd, Jacksonville, AL 36265-2142
      View Details
    • Value Estimation by Request
      2,334 SF

      1120 Pelham S Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      1120 Pelham S Rd, Jacksonville, AL 36265-3028
      View Details
    • Value Estimation by Request
      768 SF

      401 Pelham S Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      401 Pelham S Rd, Jacksonville, AL 36265-2727
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,050 SF

      Former Restaurant with Drive-Thru

      Restaurant with drive-thru, near Jacksonville State University.
      410 Pelham Rd N, Jacksonville, AL 36265
      View Details
    • $129,900
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      Jacksonville Investment Opportunity

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      1835 Pelham Rd S, Jacksonville, AL 36265
      View Details
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    Jacksonville, AL 36265
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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.

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