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    611 Main St Enterprise, AL 36330-1748
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    Property profile & analytics

    611 Main St, Enterprise, AL 36330-1748

    View on Map
    • Investment properties
    • 10,981 SF
    • 1.21 lot acres
    Off-Market
    Last Sale Feb 9, 2023
    $2,111,947
    Property ID
    US03-1649579
    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
    $2,140,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Western Union / Bank / Credit Union
    • Dollar General / Discount Store
    • FedEx OnSite / Postal Service / Courier Service

    Property Details for 611 Main St

    Year built
    2021
    Lot size
    1.21 lot acres
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    1604171002078000
    APU
    1604171002078000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 9, 2023 $2,111,947 Sule A Salami Elm 26 A LLC Warranty Deed $141k · First Southern State Bank
    Oct 15, 2021 $1,879,275 Elm 26 Al LLC Broadway Group LLC Warranty Deed $1.4M · First Southern State Bank
    Apr 26, 2021 — Broadway Group LLC — Deed · related $1.2M · First Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,195,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,293,000
      Market price range: $590k - $1.55M
      AI Estimate
      $1,296,000
      Market price range: $557k - $1.55M

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

    Location Insight

    • Map
    • Local Demand
    City
    Enterprise
    County
    Coffee
    State
    Alabama
    Longitude
    -85.8602
    Latitude
    31.3215
    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
    $196,780
    -
    $100,000
    $0.00
    $100,000

    Comparable in this City

    • Value Estimation
      $1,285,000
      9,118 SF

      6902 Shellfield Rd

      STORE/OFFICE (MIXED USE)
      6902 Shellfield Rd, Enterprise, AL 36330-7897
      View Details
    • Value Estimation
      $640,000
      11,887 SF

      1208 Rucker Blvd

      STORE/OFFICE (MIXED USE)
      1208 Rucker Blvd, Enterprise, AL 36330-3634
      View Details
    • Value Estimation
      $660,000
      4,680 SF

      612 Main St Sta, Unit A

      STORE/OFFICE (MIXED USE)
      612 Main St Sta, Enterprise, AL 36330-1775
      View Details
    • Value Estimation
      $1,125,000
      15,000 SF

      6101 Boll Weevil Cir

      STORE/OFFICE (MIXED USE)
      6101 Boll Weevil Cir, Enterprise, AL 36330
      View Details
    • Value Estimation by Request
      2,975 SF

      707 Boll Weevil Cir

      STORE/OFFICE (MIXED USE)
      707 Boll Weevil Cir, Enterprise, AL 36330-2036
      View Details
    • Value Estimation
      $915,000
      6,493 SF

      906 Boll Weevil Cir

      STORE/OFFICE (MIXED USE)
      906 Boll Weevil Cir, Enterprise, AL 36330-2481
      View Details

    Similar Nearby for Sale

    • $380,000
      4,328 SF

      Downtown Enterprise Mixed-Use Opportunity

      Redevelopment or renovation opportunity in a thriving downtown location.
      218 S Main St, Enterprise, AL 36330
      View Details
    • Contact for pricing
      9,298 SF

      Medical Office Building For Sale

      Three-unit medical office building constructed in 2005, one unit available.
      1275 James Dr, Enterprise, AL 36330
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    • $285,000
      1.20 Acres

      Enterprise Commercial Land For Sale

      1.2 acre commercial land parcel in Enterprise, Alabama.
      102 Brabham Dr, Enterprise, AL 36330
      View Details
    • $59,900
      0.66 Acres

      Residential Lot in Pearson Farms

      Build-ready 0.66 acre lot in established residential subdivision.
      242 County Rd 258, Enterprise, AL 36330
      View Details
    • $265,000
      1.47 Acres

      Enterprise Commercial Land For Sale

      1.47 acre commercial land parcel in Enterprise, Alabama.
      200 Brabham Dr, Enterprise, AL 36330
      View Details
    • $1,025,000
      72.75 Acres

      Enterprise Land Investment Opportunity

      72.75 acres of land suitable for commercial or residential development.
      72.75 Boll Weevil Cir, Enterprise, AL 36330
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      218 S Main St, Enterprise, AL 36330

      Mixed-use properties
      218 S Main St, Enterprise, AL 36330
      View Details
    • Contact for pricing

      Freestanding Corner Retail Building

      Former Walgreens in a primary retail hub, with two pole signs and a planned February 2026 vacancy.
      903 Rucker Blvd, Enterprise, AL 36330
      View Details
    • Contact for pricing
      1,875 SF

      New Retail Space in Enterprise

      Newly constructed retail space in downtown Enterprise, build-to-suit options.
      206 Easy St, Enterprise, AL 36330
      View Details
    • Contact for pricing

      Prime Retail Space Available

      Modern retail space with high visibility and ample parking.
      913 Rucker Blvd, Enterprise, AL 36330
      View Details
    • Contact for pricing

      Modern Office Space in Enterprise

      First-generation office space in a Class A building.
      102 Jackson St, Enterprise, AL 36330
      View Details
    • Contact for pricing

      Enterprise Retail Spaces Available

      Retail spaces available in Enterprise, Alabama, ranging from 1,625-2,968 SqFt.
      1032 Boll Weevil Cir, Enterprise, AL 36330
      View Details
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    611 Main St
    Enterprise, AL 36330-1748
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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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