Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    605 Martin N St Pell City, AL 35125
    Back to Search
    Property profile & analytics

    605 Martin N St, Pell City, AL 35125

    View on Map
    • Investment properties
    • 55,235 SF
    • 4.20 lot acres
    Off-Market
    Property ID
    US03-0507649
    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
    $4,540,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • ATM / Atm
    • Little Caesars Pizza / Restaurant

    Property Details for 605 Martin N St

    Year built
    1984
    Lot size
    4.20 lot acres
    Zone code
    6
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    23-07-36-3-005-012.001
    APU
    2307363005012001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 18, 2026 — Harbor Freight Tools USA INC 36-60 Industrial Drive LLC Deed —
    Jul 7, 2023 $3,257,000 36 40 Industrial Drive LLC Shoppes Of Pell City LLC Warranty Deed —
    Jul 15, 2013 $1,125,000 Shoppes Of Pell City LLC Second Street Plaza LLC Warranty Deed —
    Jun 22, 2012 $1,000,000 Second Street Plaza LLC Riverbank Properties LLC Warranty Deed $2M · Community Bank Ms
    Mar 11, 2011 — Riverbank Properties LLC In Line Investments LLC Quit Claim Deed · related —
    Mar 2, 2011 — Riverbank Properties LLC In Line Investments LLC Grant Deed $600k · Metropolitan Bank
    Mar 10, 2006 — Brunos Supermarkets INC Brunos INC Quit Claim Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,860,000
      Market price range: $1.42M - $4.87M
      AI Estimate
      $5,223,000
      Market price range: $1.90M - $6.43M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $3,055,000
      Current use
      OFFICE BUILDING
      $6,350,000
      Change: +108% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pell City
    County
    St. Clair
    State
    Alabama
    Longitude
    -86.2842
    Latitude
    33.5948
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, 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
    2022
    $30,540
    $121,540
    $685,906
    $807,446
    -
    $607,700
    $3,429,530
    $4,037,230

    Comparable in this City

    • Value Estimation by Request
      3,150 SF

      Pell City, AL 35125

      OFFICE/RESIDENTIAL (MIXED USE)
      Pell City, AL 35125
      View Details
    • Value Estimation by Request
      5,048 SF

      10 20th N St

      OFFICE/RESIDENTIAL (MIXED USE)
      10 20th N St, Pell City, AL 35125
      View Details
    • Value Estimation by Request
      791 SF

      1909 Cogswell Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1909 Cogswell Ave, Pell City, AL 35125-1650
      View Details
    • Value Estimation by Request
      3,131 SF

      1913 Cogswell Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1913 Cogswell Ave, Pell City, AL 35125-1674
      View Details
    • Value Estimation by Request
      2,076 SF

      Pell City, AL 35125

      OFFICE/RESIDENTIAL (MIXED USE)
      Pell City, AL 35125
      View Details
    • Value Estimation by Request
      1,688 SF

      Pell City, AL 35125

      OFFICE/RESIDENTIAL (MIXED USE)
      Pell City, AL 35125
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Cogswell Avenue Vacant Land

      61+- acre vacant land parcel available for sale.
      0000 Cogswell Ave, Pell City, AL 35125
      View Details
    • Contact for pricing

      Pell City Land Opportunity

      Up to 5.2 acres available off I-20 in Pell City.
      Dr John Haynes Dr, Pell City, AL 35125
      View Details
    • $2,500,000
      61.00 Acres

      61 Acres in Pell City

      61-acre agricultural land parcel for sale in Pell City, AL.
      lot Vacant 61- Acres Cogswell Ave, Pell City, AL 35125
      View Details
    • $90,000
      16.00 Acres

      Pell City Acreage For Sale

      16 acres of land near Pell City, Alabama.
      17Th St, Pell City, AL 35125
      View Details
    • $154,900
      34.00 Acres

      Wooded Waterfront Tract with Branch Frontage

      34-acre wooded tract with some open area and several hundred feet on Dunlap Springs Branch, minutes from I-20.
      34 Acres, Pell City, AL 35125
      View Details
    • Contact for pricing

      Cogswell Avenue Commercial Property

      Commercial property on Cogswell Avenue with easy access to I-20.
      600 Cogswell Ave, Pell City, AL 35125
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr

      Retail Space Near Bells Outlet

      Retail space in Pell City, Alabama, anchored by Bells Outlet.
      Pell, Pell City, AL 35125
      View Details
    • $125,000

      Prime Commercial Land for Lease

      High-visibility land near I-20 and Logan Martin Lake.
      Pell, Pell City, AL 35125
      View Details
    • Contact for pricing
      24,000 SF

      Pell City Warehouse: 24,000 SF

      New 24,000 SF warehouse, unrestricted zoning.
      12 Pine Ridge Rd, Pell City, AL 35125
      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.
    605 Martin N St
    Pell City, AL 35125
    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

    Thank You for Inquiry
    605 Martin N St, Pell City, AL, 35125
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!