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

    988 Cherokee Rd Alexander City, AL 35010-2701

    • Retail space
    • 3,600 SF
    OFF-MARKET
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2441283
    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

    • Caldwell Electronics / Cell Phone Store / Computer Store

    Property Details for 988 Cherokee Rd

    Year built
    1986
    Property size
    3,600 SF
    Property type
    Retail space
    APN
    62 05 08 34 3 002 029.000
    APU
    620508343002029000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $275,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $330,000
      Current use
      OFFICE BUILDING
      $450,000
      Change: +36% Conversion: Easy
      MEDICAL BUILDING
      $410,000
      Change: +24% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $390,000
      Change: +19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexander City
    County
    Tallapoosa
    State
    Alabama
    Longitude
    -85.9516
    Latitude
    32.9344
    CBSA code
    10760
    CBSA name
    ALEXANDER CITY, 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
    2023
    $2,245
    $8,000
    $51,860
    $59,860
    -
    $40,000
    $259,300
    $299,300

    Comparable in this City

    • Value Estimation
      $225,000
      2,100 SF

      1049 Hillabee St

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      1049 Hillabee St, Alexander City, AL 35010-2153
      View Details
    • Value Estimation
      $275,000
      2,982 SF

      Hillabee St

      RETAIL STORES (PERSONAL SERVICES) • 2,982 SF
      Hillabee St, Alexander City, AL 35010
      View Details
    • Value Estimation
      $275,000
      624 SF

      48 Scott Rd

      RETAIL STORES (PERSONAL SERVICES) • 624 SF
      48 Scott Rd, Alexander City, AL 35010-2351
      View Details
    • Value Estimation
      $260,000
      1,728 SF

      Downtown Girl

      RETAIL STORES (PERSONAL SERVICES) • 1,728 SF
      Downtown Girl, Alexander City, AL 35010
      View Details
    • Value Estimation
      $235,000
      2,460 SF

      156 10th W St

      RETAIL STORES (PERSONAL SERVICES) • 2,460 SF
      156 10th W St, Alexander City, AL 35010-1720
      View Details
    • Value Estimation by Request
      1,600 SF

      2209 Us-280

      Individual retail properties • 1,600 SF
      2209 Us-280, Alexander City, AL 35010
      View Details

    Similar Nearby for Sale

    • $650,000
      9,551 SF

      Alexander City Commercial Retail Building

      Retail building for sale in growing Alexander City, Alabama.
      2190 Cherokee Rd, Alexander City, AL 35010
      View Details
    • Contact for pricing

      Land Near Lake Martin

      Land parcels available near Hwy 280 and Lake Martin.
      280 & AL-63 Hwy, Alexander City, AL 35010
      View Details
    • $915,000
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      Spacious Commercial Property in Alexander

      10,000 sq ft commercial property ideal for bar/restaurant/retail.
      82 Court Sq, Alexander City, AL 35010
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    • Contact for pricing
      500,000 SF

      Alex City Industrial Giant

      500K+ SF Warehouse, For Sale
      520 Comer St, Alexander City, AL 35010
      View Details
    • $58,500
      2.90 Acres

      Residential Land Near Peaceful Pond

      Two lots totaling nearly 3 acres in desirable neighborhood.
      6C/7C Rocky Creek Dr, Alexander City, AL 35010
      View Details
    • $99,000

      Commercial Land Near US HWY

      1.42 acre commercial land with B2 zoning.
      None Glenwood Rd, Alexander City, AL 35010
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on Highway 280

      24,149 SF retail space available in Alexander City, AL.
      1061 S St, Alexander City, AL 35010
      View Details
    • $4 SF/Yr
      18,345 SF

      Alexander City Warehouse/Retail Space

      Prime Alexander City location; 14,400-33,000 SF available.
      1235 Cherokee Rd, Alexander City, AL 35010
      View Details
    • $24 SF/Yr
      4,200 SF

      Downtown Alexander City Retail Space

      Prime location, flexible space, high traffic.
      110 Main St, Alexander City, AL 35010
      View Details
    • $5 SF/Yr
      41,510 SF

      Alex City Retail Space Available

      High-visibility retail/office space in Alexander City, AL
      1219 Cherokee Rd, Alexander City, AL 35010
      View Details
    • $34 SF/Yr
      500,000 SF

      Alexander City Industrial Distribution Center

      500,000 SF Distribution Space Available
      520 Comer St, Alexander City, AL 35010
      View Details
    • Contact for pricing
      1,000 SF

      Executive Office Suite, Alexander City

      1,000 SF Office, Ample Parking, $1,000/Month
      786 Commerce Dr, Alexander City, AL 35010
      View Details
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    988 Cherokee Rd
    Alexander City, AL 35010-2701
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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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