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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8406 Hwy 431st S Owens Cross Roads, AL 35763-8924

    • Retail properties
    • 1,170 SF
    • 0.46 lot acres
    OFF-MARKET
    Last Sale
    Mar 27, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0347951
    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

    • Retail properties

    Property Details for 8406 Hwy 431st S

    Year built
    1995
    Lot size
    0.46 lot acres
    Property size
    1,170 SF
    Property type
    Retail properties
    APN
    22-04-18-0-000-016.000
    APU
    2204180000016000

    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
    Owens Cross Roads
    County
    Madison
    State
    Alabama
    Longitude
    -86.4551
    Latitude
    34.6054
    CBSA code
    26620
    CBSA name
    HUNTSVILLE, 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
    2023
    $1,362
    $2,120
    $31,520
    $33,640
    -
    $10,600
    $157,600
    $168,200

    Comparable in this City

    • Value Estimation by Request
      1.30 Acres

      9737 Hwy 431st S

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1.30 Acres
      9737 Hwy 431st S, Owens Cross Roads, AL 35763
      View Details
    • Value Estimation
      $4,230,000
      1.33 Acres

      6324 Hwy 431st S

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1.33 Acres
      6324 Hwy 431st S, Owens Cross Roads, AL 35763-9210
      View Details
    • Value Estimation
      $715,000
      10,000 SF

      2720 Cullom SE Blvd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 10,000 SF
      2720 Cullom SE Blvd, Owens Cross Roads, AL 35763-9309
      View Details
    • Value Estimation
      $505,000
      6,381 SF

      148 Moon Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,381 SF
      148 Moon Dr, Owens Cross Roads, AL 35763-9750
      View Details
    • Value Estimation by Request
      1,200 SF

      2648 Old Big Cv SE Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,200 SF
      2648 Old Big Cv SE Rd, Owens Cross Roads, AL 35763-9761
      View Details
    • Value Estimation by Request
      2,620 SF

      295 Old Hwy 431

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,620 SF
      295 Old Hwy 431, Owens Cross Roads, AL 35763-9261
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.39 Acres

      Food City Outparcels, Huntsville, AL

      High-traffic retail outparcels near Food City
      6978 Highway 431, Huntsville, AL 35763
      View Details
    • $1,000,000
      6,575 SF

      Highway Frontage Commercial Garage

      Commercial garage with office space on high-traffic Highway 431.
      9055 Highway 431 S, Owens Cross Roads, AL 35763
      View Details
    • Contact for pricing
      8,000 SF

      Retail Building Near Publix Center

      8,000 SF retail building with drive-thru, pre-leasing now.
      431 Huntsville/, Hampton Cove, AL 35763
      View Details
    • $250,000
      5.90 Acres

      Residential Land in McMullen Cove

      5.9 acre estate site with community amenities.
      30 Watson Grande Way, Owens Cross Roads, AL 35763
      View Details
    • New
      $375,000
      5.93 Acres

      Mountain Top Estate Homesite

      Homesite with sunset views in gated community near Huntsville.
      77 Watson Grande Way, Owens Cross Roads, AL 35763
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    • $1,750,000
      24.00 Acres

      24 Acres Hwy 431 Commercial Land

      Prime AL location, commercial & residential potential.
      0 Ed Spears Rd, Owens Cross Roads, AL 35763
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,800 SF

      Food City Center Retail Space

      High-traffic Owens Cross Roads retail space.
      0 Us-431, Owens Cross Roads, AL 35763
      View Details
    • $3,342 /Mo
      1,114 SF

      Retail Space in Hampton Cove

      Retail space for rent in a developing Huntsville suburb.
      6407 Hwy 431 S, Hampton Cove, AL 35763
      View Details
    • Contact for pricing
      8,000 SF

      Hampton Cove Retail Center

      8,000 SF Retail Space - Pre-leasing Now
      0 Us-431, Owens Cross Roads, AL 35763
      View Details
    • Contact for pricing
      13,650 SF

      Highway 431 Medical Office Plaza

      Huntsville medical office space available
      6407 Us-431, Owens Cross Roads, AL 35763
      View Details
    • $5,266 /Mo
      3,160 SF

      Versatile Commercial Space in Owens

      Adaptable commercial space suitable for office, daycare, or studio.
      7255 Us Hwy 431, Owens Cross Roads, AL 35763
      View Details
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    Owens Cross Roads, AL 35763-8924
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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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