Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    Freeman Ave Athens, AL 35613

    • Manufacturing properties
    • 66,066 SF
    • 3.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2831584
    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

    • Manufacturing properties

    Property Details for Freeman Ave

    Year built
    1965
    Lot size
    3.40 lot acres
    Property size
    66,066 SF
    Property type
    Manufacturing properties
    APN
    1002094000050000
    APU
    1002094000050000

    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
    Athens
    County
    Limestone
    State
    Alabama
    Longitude
    -86.9528
    Latitude
    34.7909
    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
    $17,334
    $0.00
    $0.00
    $433,360
    -
    $124,500
    $2,042,300
    $2,166,800

    Comparable in this City

    • Value Estimation by Request
      14,470 SF

      26469 Nick Davis Rd

      MANUFACTURING (LIGHT) • 14,470 SF
      26469 Nick Davis Rd, Athens, AL 35613-6209
      View Details
    • Value Estimation by Request
      27,096 SF

      26182 Us Hwy 72

      MANUFACTURING (LIGHT) • 27,096 SF
      26182 Us Hwy 72, Athens, AL 35613-7819
      View Details
    • Value Estimation by Request
      7,780 SF

      Athens, AL 35613

      MANUFACTURING (LIGHT) • 7,780 SF
      Athens, AL 35613
      View Details
    • Value Estimation by Request
      560 SF

      1403 Freeman Ave

      MANUFACTURING (LIGHT) • 560 SF
      1403 Freeman Ave, Athens, AL 35613-2121
      View Details
    • Value Estimation
      $80,000
      7,500 SF

      25770 Walter Lee Dr

      MANUFACTURING (LIGHT) • 7,500 SF
      25770 Walter Lee Dr, Athens, AL 35613-7813
      View Details
    • Value Estimation by Request
      5,590 SF

      17955 Al Hwy 251

      MANUFACTURING (LIGHT) • 5,590 SF
      17955 Al Hwy 251, Athens, AL 35613
      View Details

    Similar Nearby for Sale

    • $5,900,000
      31.00 Acres

      Commercial Property on Highway 72

      31 acres of commercial property with established mini storage.
      31 Hwy 72 East, Athens, AL 35613
      View Details
    • Contact for pricing
      0.78 Acres

      Versatile Building in Athens, Alabama

      Adaptable building suitable for retail, industrial, or office uses.
      14647 Cambridge Ln, Athens, AL 35613
      View Details
    • $1,000,000
      2.65 Acres

      Athens Commercial Land - Hwy 72

      High-visibility 2.65-acre commercial lot. Excellent development potential.
      24497 Us Highway 72, Athens, AL 35613
      View Details
    • $187,000
      1.22 Acres

      Ready-to-Build Lot in King Estates

      Large, flat lot in King Estates, ready for construction.
      3 Monarch Dr, Athens, AL 35613
      View Details
    • $60,000
      0.28 Acres

      Land For Sale, Athens, AL

      Land available in Athens, Alabama.
      20124 Hillsborough St, Athens, AL 35613
      View Details
    • $1,500,000
      2.93 Acres

      Land For Sale, Athens, AL

      2.93 acre lot available in Athens, Alabama.
      22175 Hwy 72, Athens, AL 35613
      View Details

    Similar Nearby for Lease

    • $2,650 /Mo
      43,560 SF

      Versatile Industrial Space in Athens

      Adaptable industrial property suitable for various business operations, for lease.
      14345 Bledsoe Rd, Athens, AL 35613
      View Details
    • $6 SF/Yr

      Truck Terminal/Distribution Facility Available

      Truck terminal, distribution, or storage facility with ample yard space.
      13800 Mooresville Rd, Athens, AL 35613
      View Details
    • $1,500 /Mo

      Highway 72 Office Space

      Office space on Highway 72, convenient to Interstate 65.
      26390 Hwy 72 East, Athens, AL 35613
      View Details
    • Contact for pricing
      2,635 SF

      Retail Space in Athens, Alabama

      Retail space available in Publix-anchored shopping center on Highway 72.
      22031 Us Highway 72, Athens, AL 35613
      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.
    Freeman Ave
    Athens, AL 35613
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.