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    Property profile & analytics

    576 Hwy 14 Millbrook, AL 36054

    • Grocery and convenience stores
    • 800 SF
    • 2.70 lot acres
    OFF-MARKET
    Value Estimations
    $330,000
    Show details
    Cap Rate Potential
    2.9%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US03-1222160
    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

    • Grocery and convenience stores

    Property Details for 576 Hwy 14

    Year built
    1981
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.70 lot acres
    Property size
    800 SF
    Property type
    Grocery and convenience stores
    APN
    15-09-31-0-002-018.000
    APU
    1509310002018000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $313,000
      Market price range: $87.2k - $314k

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

    Location Insight

    • Map
    • Local Demand
    City
    Millbrook
    County
    Elmore
    State
    Alabama
    Longitude
    -86.407
    Latitude
    32.4895
    CBSA code
    33860
    CBSA name
    MONTGOMERY, 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
    $3,881
    $588,060
    $168,000
    $756,060
    -
    $588,060
    $168,000
    $756,060

    Comparable in this City

    • Value Estimation
      $295,000
      3,024 SF

      2261 Cobbs Frd Rd

      CONVENIENCE STORE • 3,024 SF
      2261 Cobbs Frd Rd, Millbrook, AL 36054-4214
      View Details
    • Value Estimation
      $305,000
      3,212 SF

      5011 Main St

      CONVENIENCE STORE • 3,212 SF
      5011 Main St, Millbrook, AL 36054-2403
      View Details
    • Value Estimation by Request
      10,000 SF

      4271 Al-14

      Restaurants • 10,000 SF
      4271 Al-14, Millbrook, AL 36054
      View Details
    • Value Estimation
      $700,000
      1,305 SF

      3210 Main St

      CONVENIENCE STORE • 1,305 SF
      3210 Main St, Millbrook, AL 36054-3221
      View Details
    • Value Estimation
      $305,000
      2,501 SF

      650 Deatsville Hwy

      CONVENIENCE STORE • 2,501 SF
      650 Deatsville Hwy, Millbrook, AL 36054-1527
      View Details
    • Value Estimation
      $420,000
      2,940 SF

      1167 Hwy 14

      CONVENIENCE STORE • 2,940 SF
      1167 Hwy 14, Millbrook, AL 36054-2158
      View Details

    Similar Nearby for Sale

    • $395,000
      78,625 SF

      Grandview Pines Shopping Center

      Alabama Retail Center - High Traffic
      3791-3991 Highway 14, Millbrook, AL 36054
      View Details
    • $2,764,000

      Millbrook Hwy 14 Commercial Land

      High-growth area, prime development opportunity.
      2400 Hwy 14 Hwy, Millbrook, AL 36054
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    • $1,751,750
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      53.9 Acres with Lake

      53.9 acres of land featuring a lake and new sewer.
      219 Taylor Ln Rd, Millbrook, AL 36054
      View Details
    • $162,000
      4.57 Acres

      Secluded Land in Millbrook, Alabama

      4.57 acres of secluded land, ideal for building a home.
      173 Brittany Dr S, Millbrook, AL 36054
      View Details
    • $38,500
      0.53 Acres

      Land For Sale Millbrook, AL

      Land available in Millbrook, Alabama.
      Plantation Oaks Blvd, Millbrook, AL 36054
      View Details
    • Contact for pricing
      7.20 Acres

      Main Street Commercial Land, AL

      7.2 Acres, High-Traffic Corner Lot
      0 Main St @ Coosada Rd, Coosada, AL 36054
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      49,000 SF

      Camp Grandview Plaza Retail Space

      Millbrook, AL: Prime Retail Opportunity
      0 Alabama 14 & Kelley Blvd, Millbrook, AL 36054
      View Details
    • $12 SF/Yr
      23,450 SF

      Ashton Plaza Retail Space Available

      Millbrook, AL Strip Center - 3,000 SF Available
      190 Ashton Park Dr, Millbrook, AL 36054
      View Details
    • Contact for pricing

      Office Space Available for Rent

      Office space for rent at Alabama 14 & Kelley Blvd.
      Alabama 14 & Kelley Blvd, Millbrook, AL 36054
      View Details
    • $11 SF/Yr
      12,500 SF

      Millbrook Office Space Available

      Executive suites, prime location, immediate occupancy.
      2304 Wall St, Millbrook, AL 36054
      View Details
    • $1,150 /Mo
      1,676 SF

      Charming Millbrook Home For Rent

      Three-bedroom, two-bathroom home with private parking and partially fenced yard.
      30 Rosewood Ct, Millbrook, AL 36054
      View Details
    • $3,980,250
      770,576 SF

      Highway 14 Commercial Investment Property

      Investment property with highway frontage in growing Millbrook corridor.
      2400 Highway 14, Millbrook, AL 36054
      View Details
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    576 Hwy 14
    Millbrook, AL 36054
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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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