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    Alexander City, AL 35010
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    Property profile & analytics

    Alexander City, AL 35010

    View on Map
    • Warehouses
    • 60,500 SF
    Off-Market
    Property ID
    US03-2443580
    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
    $3,350,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details

    Year built
    2008
    Property size
    60,500 SF
    Property type
    Warehouses
    APN
    62 12 02 09 2 001 001.991
    APU
    621202092001001991

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $4,075,000
      Current use
      RETAIL STORES
      $5,560,000
      Change: +36% Conversion: Moderate
      RESTAURANT
      $5,060,000
      Change: +24% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Alexander City
    County
    Tallapoosa
    State
    Alabama
    Longitude
    -85.9433
    Latitude
    32.9236
    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
    $23,075
    $0.00
    $615,340
    $615,340
    -
    $0.00
    $3,076,700
    $3,076,700

    Comparable in this City

    • Value Estimation by Request
      2,500 SF

      Alexander City, AL 35010

      WAREHOUSE, STORAGE • 2,500 SF
      Alexander City, AL 35010
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    • Value Estimation by Request
      1,591 SF

      Airplane Hangar

      WAREHOUSE, STORAGE • 1,591 SF
      Airplane Hangar, Alexander City, AL 35010
      View Details
    • Value Estimation by Request
      5,100 SF

      Airplane Hangar

      WAREHOUSE, STORAGE • 5,100 SF
      Airplane Hangar, Alexander City, AL 35010
      View Details
    • Value Estimation by Request
      3,600 SF

      Ss S Storage

      MINI-WAREHOUSE, STORAGE • 3,600 SF
      Ss S Storage, Alexander City, AL 35010
      View Details
    • Value Estimation by Request
      5,759 SF

      Alexander City, AL 35010

      WAREHOUSE, STORAGE • 5,759 SF
      Alexander City, AL 35010
      View Details
    • Value Estimation
      $630,000
      9,800 SF

      6068 Hwy 63rd S

      MINI-WAREHOUSE, STORAGE • 9,800 SF
      6068 Hwy 63rd S, Alexander City, AL 35010-6143
      View Details

    Similar Nearby for Sale

    • New
      $6,450,000
      70,300 SF

      Alexander City Industrial Manufacturing Facility

      70,300 SF industrial facility on 21.41 acres.
      247 Highway 280, Alexander City, AL 35010
      View Details
    • $1,750,000
      40,000 SF

      Two Warehouses on 3.52 Acres

      Two 20,000 SF warehouses near US Highway 280.
      755 16Th Ct, Alexander City, AL 35010
      View Details
    • $305,000

      Versatile Commercial Building on Acreage

      4,560 SF commercial building with expansion potential on over one acre.
      835 Marshall St, Alexander City, AL 35010
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    • Contact for pricing
      126,000 SF

      Well-Maintained Warehouse on 23 Acres

      Clean, conditioned 126,000 SF warehouse near Highway 280.
      53 Coosa County Road 322, Alexander City, AL 35010
      View Details
    • $12,400,000

      474,201 SF Warehouse For Sale

      474,201 square foot warehouse/industrial property available for purchase.
      520 Comer St, Alexander City, AL 35010
      View Details
    • $3,990,000

      Well-Maintained Warehouse on 23 Acres

      Clean warehouse on 23 acres near Highway 280.
      53 Coosa County Road 322, Alexander City, AL 35010
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Commercial Space with Loading

      18,345 SF commercial space ideal for retail or warehouse.
      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
    • $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
    • 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
    • Contact for pricing

      Freestanding Restaurant on Main Intersection

      Restaurant space in high-traffic area near Lake Martin.
      3143 S St, Alexander City, AL 35010
      View Details
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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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