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    798 Highland Ave Selma, AL 36701

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    798 Highland Ave Selma, AL 36701

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    • Commercial real estate
    Off-Market
    Property ID
    US03-1169212
    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

    • JamisonMoneyFarmer PC / Accounting Firm / Tax Preparation

    Property Details for 798 Highland Ave

    Year built
    1921
    Property type
    Commercial real estate

    Description

    This move-in ready commercial property at 798 Highland Avenue in Selma, Alabama, presents a fantastic opportunity for a variety of businesses. Priced at $139,900, the building offers a blend of office and storage space, ideal for a small business or professional practice. The interior features three bedrooms, one bathroom, a den, a kitchen, and a dining area, providing flexibility in layout and use. Hardwood floors throughout add a touch of classic elegance. The property includes a substantial concrete parking area in the rear, ensuring convenient parking for employees and clients. A dedicated storage area provides ample space for inventory or equipment. The building is equipped with a comprehensive network wiring system, upgraded electrical, and central heating and air conditioning, ensuring a comfortable and efficient work environment. Security is enhanced by an interior and exterior security camera system with a prepaid contract extending through November. A dedicated workroom with built-in cabinets offers additional workspace and storage. This versatile property is ready for immediate occupancy and presents a compelling investment opportunity in a convenient Selma location. The lot size is 0 acres. The square footage is not specified.

    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
    Selma
    County
    Dallas
    State
    Alabama
    Longitude
    -87.02724
    Latitude
    32.43099

    Comparable in this City

    • $165,000

      Selma Commercial Property - Great Investment

      Prime Selma location, 165k, general commercial.
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    • $2,256,728
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      Cahaba Riverfront Land Opportunity

      689 acre land with extensive river and creek frontage.
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      3.00 Acres

      Selma Land Parcel For Sale

      Three acre land parcel in Dallas County, Alabama.
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    • $550,000
      190.00 Acres

      Valley Grande Waterfront Recreational Land

      190-acre recreational land with creek frontage in Valley Grande, Alabama.
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    • $60,000
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      Residential Land in Desirable Area

      3-acre lot ready for a custom dream home.
      1551 Moores Ferry Rd, Selma, AL 36701
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      Land For Sale

      Land available for sale in Valley Grande, Alabama.
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    Similar Nearby for Sale

    • $165,000

      Selma Commercial Property - Great Investment

      Prime Selma location, 165k, general commercial.
      700 Dallas Ave, Selma, AL 36701
      View Details
    • $2,256,728
      689.00 Acres

      Cahaba Riverfront Land Opportunity

      689 acre land with extensive river and creek frontage.
      AL 14 Hwy, Selma, AL 36701
      View Details
    • Contact for pricing
      3.00 Acres

      Selma Land Parcel For Sale

      Three acre land parcel in Dallas County, Alabama.
      County Road 518, Selma, AL 36701
      View Details
    • $550,000
      190.00 Acres

      Valley Grande Waterfront Recreational Land

      190-acre recreational land with creek frontage in Valley Grande, Alabama.
      000 Private Rd Berry Rd, Valley Grande, AL 36701
      View Details
    • $60,000
      3.00 Acres

      Residential Land in Desirable Area

      3-acre lot ready for a custom dream home.
      1551 Moores Ferry Rd, Selma, AL 36701
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Valley Grande, Alabama.
      L0T Ocmulgee Dr, Valley Grande, AL 36701
      View Details

    Similar Nearby for Lease

    • $3 SF/Yr

      Selma Warehouse Space for Lease

      53,624 SF warehouse space available near Highway 80.
      601 Mcduffie Ave, Selma, AL 36701
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      Historic Harmony Club Building

      Historic building repurposed into a boutique hotel and restaurant.
      1007 Water Ave, Selma, AL 36701
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      Retail Space in Selma, Alabama

      24,748 SF retail space with ALDI co-tenancy.
      1952 West Dallas Ave, Selma, AL 36701
      View Details
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    798 Highland Ave
    Selma, AL 36701
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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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