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    7205 Aaron Aronov Dr Fairfield, AL 35064
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    7205 Aaron Aronov Dr, Fairfield, AL 35064

    View on Map
    • Banks
    • 4,354 SF
    • 0.53 lot acres
    For Lease
    $2,000/Mo
    View Listing →
    Retail Space For Rent For Lease
    $2,000/Mo

    Retail Space For Rent

    Retail space available for lease in Fairfield, Alabama.

    7205 Aaron Aronov Dr, Fairfield, AL 35064
    View Listing
    Property ID
    US03-0449141
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Banks

    Property Details for 7205 Aaron Aronov Dr

    Year built
    1969
    Lot size
    0.53 lot acres
    Zone code
    B2
    Property type
    Banks
    APN
    30-00-13-3-003-027.000
    APU
    3000133003027000

    Description

    This exceptional 1,200 square foot office space, located at 7205 Aaron Aronov Drive in Fairfield, Alabama, presents a unique opportunity. Previously a bank, this single-tenant property boasts a prime location within the West Hills Mall parking lot, ensuring high visibility and easy access from Aaron Aronov Drive. The building, constructed in 1969 and zoned B2, offers 2,213 square feet on the main level and an additional 720 square feet in the basement. Main level features include a spacious open reception area, teller stations (ideal for various uses), a drive-thru window, a private office or conference room, and a secure vault. The basement provides a small employee break area, two restrooms, a mechanical room, and ample storage space. This Jefferson County property offers a blend of historical charm and modern functionality, making it suitable for a variety of businesses. The total building size is 1,200 square feet. This property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.913
    Latitude
    33.4652
    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
    $6,446
    $41,560
    $62,300
    $103,860
    -
    $207,800
    $311,500
    $519,300

    Comparable in this City

    • Value Estimation by Request
      8,512 SF

      6552 Aaron Aronov Dr

      FINANCIAL BUILDING
      6552 Aaron Aronov Dr, Fairfield, AL 35064-1823
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    • Value Estimation by Request
      6,564 SF

      5701 Vly Rd

      FINANCIAL BUILDING
      5701 Vly Rd, Fairfield, AL 35064-1215
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      35,150 SF

      Hl Plz

      Neighborhood centers
      0 Hl Plz, Fairfield, AL 35064
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    • Value Estimation by Request
      12,899 SF

      5705 Vly Rd

      FINANCIAL BUILDING
      5705 Vly Rd, Fairfield, AL 35064-1215
      View Details
    • Value Estimation by Request
      5,089 SF

      7200 Aaron Aronov Dr

      FINANCIAL BUILDING
      7200 Aaron Aronov Dr, Fairfield, AL 35064-1819
      View Details
    • Value Estimation by Request
      3,180 SF

      311 Vly Rd

      CONVENIENCE STORE
      311 Vly Rd, Fairfield, AL 35064-2223
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,000 SF

      Turn-Key Bank Branch Available

      Bank branch with additional office space and ample parking.
      5705 Valley Rd, Fairfield, AL 35064
      View Details
    • Contact for pricing
      4,180 SF

      Retail Space on Aaron Aronov

      Retail space in Fairfield's main retail corridor.
      7100 Aaron Aronov Dr, Fairfield, AL 35064
      View Details
    • $165,000
      0.09 Acres

      Fairfield Retail Property - Dual Units

      Two Brick Buildings, Ideal for Retail
      5108 Gary Ave, Fairfield, AL 35064
      View Details
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      4,100 SF

      Fairfield Commercial Building For Sale

      Six-unit commercial building in Fairfield's business corridor.
      4410 Gary Ave, Fairfield, AL 35064
      View Details
    • Contact for pricing
      3,792 SF

      Retail Space For Sale

      Retail space available with a 7.65% CAP rate.
      7175 Aaron Aronov Dr, Fairfield, AL 35064
      View Details
    View Listing
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    Fairfield, AL 35064
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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.

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