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    Property profile & analytics

    6625 Aaron Aronov Dr Fairfield, AL 35064-1801

    • Drive through restaurants
    • 4,344 SF
    • 0.81 lot acres
    OFF-MARKET
    Last Sale
    Nov 21, 2024
    $245,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1018259
    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 6625 Aaron Aronov Dr

    Year built
    2002
    Lot size
    0.81 lot acres
    Property size
    4,344 SF
    Zone code
    C1
    Property type
    Drive through restaurants
    APN
    30-00-14-4-002-012.002
    APU
    3000144002012002

    Description

    This exceptional retail property, a former Sonic Drive-In, presents a unique investment opportunity in Fairfield, Alabama. Located at 6625 Aaron Aronov Drive, this QSR/Fast Food site boasts a highly visible position directly across from the Western Hills Mall, ensuring significant foot and vehicle traffic. The property benefits from its adjacency to a Dollar Tree, further enhancing its accessibility and potential customer base. The strategic location is also complemented by its proximity to a newly constructed Milo's Hamburgers, indicating a thriving commercial area with strong consumer demand. The site features a lighted intersection with four convenient points of access, providing ease of entry and exit for customers. The asking price for this prime retail space is $250,000. This presents a compelling opportunity for a quick-service restaurant or similar business seeking a high-traffic location in a well-established commercial area of Jefferson County, Alabama, with a zip code of 35064. The property's geographic coordinates are 33.4702038 latitude and -86.9209254 longitude. This is a turn-key opportunity for an entrepreneur looking to establish or expand their business in a vibrant and accessible location. The property's previous use as a drive-through restaurant suggests existing infrastructure suitable for similar operations.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.9209
    Latitude
    33.4701
    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
    $8,272
    $49,540
    $80,700
    $130,240
    -
    $247,700
    $403,500
    $651,200

    Comparable in this City

    • Value Estimation by Request
      360 SF

      4407 Gary Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 360 SF
      4407 Gary Ave, Fairfield, AL 35064-1364
      View Details
    • Value Estimation by Request
      3,567 SF

      3720 Richard M Scrushy Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,567 SF
      3720 Richard M Scrushy Pkwy, Fairfield, AL 35064
      View Details
    • Value Estimation
      $1,430,000
      2,340 SF

      7159 Aaron Aronov Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,340 SF
      7159 Aaron Aronov Dr, Fairfield, AL 35064-1815
      View Details
    • Value Estimation by Request
      1,928 SF

      636 Bessemer Super Hwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,928 SF
      636 Bessemer Super Hwy, Fairfield, AL 35064-1804
      View Details
    • Value Estimation by Request
      4,180 SF

      7100 Aaron Aronov Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,180 SF
      7100 Aaron Aronov Dr, Fairfield, AL 35064-1833
      View Details
    • Value Estimation
      $620,000
      2,457 SF

      3913 Richard M Scrushy Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,457 SF
      3913 Richard M Scrushy Pkwy, Fairfield, AL 35064-1473
      View Details

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    Similar Nearby for Lease

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      204,805 SF

      Former Super Walmart Retail Space

      204,805 SF retail building on 15.97 acres for lease.
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    Fairfield, AL 35064-1801
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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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