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    Property profile & analytics

    529 Claxton N Ave Elba, AL 36323-1502

    • Drive through restaurants
    • 3,342 SF
    • 0.75 lot acres
    OFF-MARKET
    Value Estimation
    $1,205,000
    Last Sale
    Aug 15, 2022
    $1,275,000
    Location Intelligence
    Property ID
    US03-1380264
    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

    • Drive through restaurants

    Property Details for 529 Claxton N Ave

    Year built
    1986
    Lot size
    0.75 lot acres
    Property size
    3,342 SF
    Property type
    Drive through restaurants
    APN
    1103083002056000
    APU
    1103083002056000

    Description

    This exceptional 3,342 square-foot quick-service restaurant building presents a compelling investment opportunity. Located on a major thoroughfare near US Hwy 82, this single-tenant property boasts unparalleled visibility, with over 10,000 vehicles passing daily. Its drive-thru configuration optimizes operational efficiency and customer convenience. The property includes ample parking with 30 spaces. The strong demographics of the area further enhance its appeal. Within a three-mile radius, residents enjoy an average household income of $54,972, and spent approximately $4 million on food away from home in 2023. Elba's population growth mirrors national trends, with projections exceeding national averages in the near future. The local workforce also presents a significant advantage, with over 15% of Elba's population employed in retail and food services, ensuring a readily available and skilled labor pool. The property's APN is 11-03-08-3-002-056.000. This turnkey operation is ideally suited for a variety of quick-service restaurant concepts, offering significant potential for growth and profitability in a thriving market. The building's prime location and strong local demographics make this a truly exceptional investment opportunity.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,070,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,225,000
      6.5%
      $1,250,000
      7%
      $1,360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,270,000
      Geo Method
      $1,380,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,435,000
      Retail
      $1,155,000
      Mixed-Use
      $1,325,000
      Hospitality
      $1,575,000
      Educational
      $1,245,000
      Residential Income
      $1,340,000
      Energy
      $1,365,000
      Income-Based Land
      $1,480,000
      Food Service
      $1,515,000

    Location Insight

    • Map
    • Local Demand
    City
    Elba
    County
    Coffee
    State
    Alabama
    Longitude
    -86.0686
    Latitude
    31.4175
    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
    $88,540
    -
    $27,500
    $415,170
    $442,670

    Comparable in this City

    • Value Estimation by Request
      0.03 Acres

      650 Claxton N Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 0.03 Acres
      650 Claxton N Ave, Elba, AL 36323-1505
      View Details
    • Value Estimation by Request
      1,966 SF

      650 Claxton N Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,966 SF
      650 Claxton N Ave, Elba, AL 36323-1505
      View Details
    • Value Estimation by Request
      0.17 Acres

      509 Claxton N Ave

      RESTAURANT • 0.17 Acres
      509 Claxton N Ave, Elba, AL 36323
      View Details
    • Value Estimation by Request
      1,586 SF

      490 Alabama Hwy 203

      RESTAURANT • 1,586 SF
      490 Alabama Hwy 203, Elba, AL 36323-4218
      View Details
    • Value Estimation by Request
      3,215 SF

      10460 Hwy 125

      RESTAURANT • 3,215 SF
      10460 Hwy 125, Elba, AL 36323-4704
      View Details
    • Value Estimation by Request
      0.34 Acres

      804 Davis W St

      RESTAURANT • 0.34 Acres
      804 Davis W St, Elba, AL 36323-1909
      View Details

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    Similar Nearby for Lease

    • $8 SF/Yr
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      Neighborhood shopping center with available suites and below market rents.
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    • $8 SF/Yr
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      Retail Suites For Lease

      Retail suites available for lease with developable land.
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      View Details
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    Elba, AL 36323-1502
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    Realmo Value Estimation

    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.

    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.

    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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