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    412 Court St Florence, AL 35630

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    412 Court St Florence, AL 35630

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    • Office Units
    Off-Market
    Property ID
    US03-3115005
    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

    • Amedisys Home Health Care / Home Health Care Service
    • SAK Capital / Real Estate Agency
    • Rhonda Hofmann Realtor / Real Estate Agency
    • PNC Mortgage / Loan Service / Bank
    • Medicaid Agency / Social Service Agency / Charitable Organization

    Property Details for 412 Court St

    Property type
    Office Units
    Property subtype
    Medical Office Space

    Description

    This exceptional office space in Florence, Alabama, offers a diverse range of solutions for businesses of all sizes. Located at 412 S Court St, in Lauderdale County, this property provides flexible options to suit various needs. Choose from traditional private offices, fully furnished and equipped for individuals or large teams, scalable from one to over 100 desks. Customizable options include serviced offices, disaster recovery spaces, and day offices, offering access tailored to your requirements. A comprehensive benefits program, including exclusive discounts and procurement support, is also available for private office tenants. For a more collaborative environment, coworking spaces are available, offering both dedicated desks and hot-desking options. Meeting rooms are also available, ranging from informal spaces with Wi-Fi to larger venues suitable for presentations, training sessions, or conferences. Virtual office options are also available, providing a prestigious business address, mail handling, and professional virtual assistant services, including access to office space for a limited number of days per month. Flexible working plans provide access to a global network of workspaces, allowing for seamless transitions between locations. The property caters to a variety of business types, including traditional, executive, coworking, medical, and creative office needs. This versatile property is ideal for businesses seeking adaptable and convenient workspace solutions in a prime Florence location. The specific square footage of the building is not currently available.

    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
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.6745168
    Latitude
    34.7967665

    Comparable in this City

    • $13 SF/Yr

      Office Space for Lease

      Office space with shared conference room, break room, restrooms.
      325 S Walnut St, Florence, AL 35630
      View Details
    • $2,700 /Mo
      2,200 SF

      Downtown Florence Office Space

      Unique office space in the heart of downtown Florence.
      116 E Mobile St, Florence, AL 35630
      View Details
    • Contact for pricing

      Office Condominiums For Lease/Sale

      Office condominiums available for sale or lease in Florence, AL.
      216 S Marengo St, Florence, AL 35630
      View Details
    • Contact for pricing
      251 SF

      Updated Office Spaces For Lease

      Well-maintained office spaces with shared amenities and utilities included.
      2222 Chisholm Rd, Florence, AL 35630
      View Details
    • Contact for pricing

      Downtown Florence Office Space Available

      Office space for rent in downtown Florence, Alabama.
      204 Walnut St S Florene, Florence, AL 35630
      View Details
    • Contact for pricing
      2,800 SF

      Downtown Florence Retail Space Available

      2,800 SF retail space in revitalizing downtown Florence.
      117 S Cherry St, Florence, AL 35630
      View Details

    Similar Nearby for Sale

    • $299,000
      1,702 SF

      Prime Commercial Building in Florence

      High-visibility commercial building in the heart of Seven Points.
      1123 N Wood Ave, Florence, AL 35630
      View Details
    • $2,200,000

      Industrial Space with Office Component

      Industrial space featuring offices and conference room in industrial park.
      4504 Helton Dr, Florence, AL 35630
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    • $1,950,000
      28,429 SF

      Downtown Florence Flex/Warehouse Facility

      37,579 SF facility in downtown Florence, suitable for redevelopment.
      502 S Court St, Florence, AL 35630
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    • $1,950,000
      28,429 SF

      Downtown Florence Commercial Opportunity

      37,579 SF facility in downtown Florence, Alabama for sale.
      502 S Court St, Florence, AL 35630
      View Details
    • $175,000
      3,437 SF

      Versatile Building with Redevelopment Potential

      Adaptable building suitable for various commercial or community purposes.
      335 Royal Ave, Florence, AL 35630
      View Details
    • $2,950,000
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      Downtown Florence Medical Office Building

      2.5-story medical office building in high-traffic downtown location.
      201 E Dr Hicks Blvd, Florence, AL 35630
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr

      Office Space for Lease

      Office space with shared conference room, break room, restrooms.
      325 S Walnut St, Florence, AL 35630
      View Details
    • $2,700 /Mo
      2,200 SF

      Downtown Florence Office Space

      Unique office space in the heart of downtown Florence.
      116 E Mobile St, Florence, AL 35630
      View Details
    • Contact for pricing
      251 SF

      Updated Office Spaces For Lease

      Well-maintained office spaces with shared amenities and utilities included.
      2222 Chisholm Rd, Florence, AL 35630
      View Details
    • Contact for pricing

      Office Condominiums For Lease/Sale

      Office condominiums available for sale or lease in Florence, AL.
      216 S Marengo St, Florence, AL 35630
      View Details
    • Contact for pricing

      Downtown Florence Office Space Available

      Office space for rent in downtown Florence, Alabama.
      204 Walnut St S Florene, Florence, AL 35630
      View Details
    • Contact for pricing
      2,800 SF

      Downtown Florence Retail Space Available

      2,800 SF retail space in revitalizing downtown Florence.
      117 S Cherry St, Florence, AL 35630
      View Details

    Property Visit Statistics

    • Visits by month
      20.6k
    • Visitors by month
      11.9k
    • Avg Time on site
      5 min
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    Florence, AL 35630
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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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    412 Court St, Florence, AL, 35630

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