Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Co Rd, AL

    • Retail residential properties
    • 4,296 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2212282
    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 residential properties

    Property Details for 94

    Year built
    1945
    Lot size
    0.60 lot acres
    Property size
    4,296 SF
    Zone code
    S
    Property type
    Retail residential properties
    APN
    55 23 02 10 0 000 019.002
    APU
    552302100000019002

    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
    Co Rd
    County
    Pike
    State
    Alabama
    Longitude
    -85.8251
    Latitude
    31.68
    CBSA code
    45980
    CBSA name
    TROY, 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
    $1,783
    $0.00
    $0.00
    $60,960
    -
    $5,100
    $299,720
    $304,820

    Comparable in this City

    • Value Estimation by Request
      1,660 SF

      Highway

      STORES & APARTMENTS • 1,660 SF
      Highway, 231, AL
      View Details
    • Value Estimation by Request
      1,127 SF

      Highway

      STORE/OFFICE (MIXED USE) • 1,127 SF
      Highway, 82, AL
      View Details
    • Value Estimation by Request
      1,392 SF

      Lee Rd, AL

      STORE/OFFICE (MIXED USE) • 1,392 SF
      1156, Lee Rd, AL
      View Details
    • Value Estimation by Request
      6,060 SF

      Us Hwy 31

      STORE/OFFICE (MIXED USE) • 6,060 SF
      Us Hwy 31, N, AL
      View Details
    • Value Estimation by Request
      3,200 SF

      Florence Blvd, AL

      STORE/OFFICE (MIXED USE) • 3,200 SF
      Florence Blvd, AL
      View Details
    • Value Estimation by Request
      2,160 SF

      Lee Rd, AL

      STORE/OFFICE (MIXED USE) • 2,160 SF
      3545, Lee Rd, AL
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5 SF

      Prime Retail Pad on Parkway

      Retail pad with signalized entrance in thriving Montgomery area.
      Eastchase Pkwy At Boyd Cooper Pkwy, Montgomery, AL
      View Details
    • $890,000

      Heavily Wooded Land on Highway

      76-acre wooded land lot with highway frontage near Elsanor.
      90 Us Hwy, Elsanor, AL
      View Details
    • $2,000,000

      Prime Land Near OWA Complex

      4+/- acre commercial land parcel near OWA Complex.
      20 Co Rd, Foley, AL
      View Details
    • $1,290,000
      31,500 SF

      Foley Commercial Property For Sale

      Over 14 acres with a 31,500 SF heated building.
      14965 Al-59, Foley, AL
      View Details
    • $4,450,000

      Unzoned Land Parcel For Sale

      445 ac of wooded, unzoned land with owner financing.
      87 Co Rd, Robertsdale, AL
      View Details
    • $750,000

      Commercial Land with Easement

      Commercial land for sale with included easement.
      Commercial, Robertsdale, AL
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1,300 SF

      Retail Space on Highway 90

      Retail space available in new construction building on Highway 90.
      5441 Us-90, Mobile, AL
      View Details
    • $12 SF/Yr
      3,200 SF

      Fairhope Commercial Space with Apartment

      Versatile commercial property with income-producing apartment on US Hwy 98.
      10090 Us-98, Fairhope, AL
      View Details
    • $8 SF/Yr
      94,020 SF

      Theodore Warehouse with Ramp Door

      94,020 SF warehouse featuring ramp and dock doors.
      5212 Willis Rd, Theodore, AL
      View Details
    • $6,750 /Mo

      Theodore Office Building For Rent

      Office building on 2.73 acres near I-10.
      7670 Theodore Dawes Rd, Theodore, AL
      View Details
    • $800,000
      2,668 SF

      Brewery-Ready Building on Highway 31

      2,668 SF brewery/hospitality building on 0.62 acres, move-in ready.
      11133 Us Hwy, Daphne, AL
      View Details
    • $13 SF/Yr
      5,082 SF

      Retail Space in Bellingrath Crossroads

      Retail or office spaces available in well-maintained shopping center.
      6941 Bellingrath Rd, Theodore, AL
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Co Rd, AL
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.