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    For Sale (20)

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    Land in Virginia Mines/Hueytown
    Contact for pricing
    1.78 Acres

    Land in Virginia Mines/Hueytown

    1.78 acre property with hardwoods, pines, and year-round creek.

    2101 Windcroft Rd, Bessemer, AL 35023
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    Residential Lot in Crestwood North
    $55,000
    0.18 Acres

    Residential Lot in Crestwood North

    Residential lot for sale in Birmingham's Crestwood North neighborhood.

    6019 5Th Ave, Birmingham, AL 35212
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    Residential Land in Crestwood North
    $50,000
    0.18 Acres

    Residential Land in Crestwood North

    Land for sale in Crestwood North neighborhood, Birmingham.

    6017 5Th Ave, Birmingham, AL 35212
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    Crestwood North Building Opportunity
    $50,000
    0.18 Acres

    Crestwood North Building Opportunity

    Lot available in Crestwood North, minutes from downtown Birmingham.

    6015 5Th Ave, Birmingham, AL 35212
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    Birmingham Apartment Investment Opportunity
    $370,000

    Birmingham Apartment Investment Opportunity

    Five-unit apartment building near UAB with updated electrical.

    1501 13Th St, Birmingham, AL 35205
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    27 Acres Wooded Land
    $200,000
    27.00 Acres

    27 Acres Wooded Land

    Wooded 27-acre property in Mt Olive, Gardendale, Alabama.

    3024 Brookside Rd, Gardendale, AL 35071
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    Residential Land in Warrior, Alabama
    $60,000
    2.60 Acres

    Residential Land in Warrior, Alabama

    Two lots totaling 2.6 acres in a quiet, rural subdivision.

    Ashbury Dr, Warrior, AL 35180
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    Southside Lots with Architectural Plans
    $299,000
    0.32 Acres

    Southside Lots with Architectural Plans

    Three Southside lots with custom architectural plans for luxury townhomes.

    1616 16Th Ave, Birmingham, AL 35205
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    Birmingham Land For Sale
    $75,000
    0.32 Acres

    Birmingham Land For Sale

    Vacant lot zoned R4, suitable for multi-family or condos.

    2220 21St Ave, Birmingham, AL 35234
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    40 Acres in Pinson, Alabama
    $270,900
    40.00 Acres

    40 Acres in Pinson, Alabama

    40 acres of land for sale in Pinson, Alabama.

    8645 Brasher Rd, Pinson, AL 35126
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    Vacant Land in Birmingham, AL
    $390,000
    1.77 Acres

    Vacant Land in Birmingham, AL

    Vacant land zoned I-3, suitable for commercial or industrial development.

    150 London Pkwy, Birmingham, AL 35211
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    Residential Land Near Bryan Elementary
    $50,000
    1.61 Acres

    Residential Land Near Bryan Elementary

    1.61 acre residential lot close to Bryan Elementary.

    8924 Stouts Rd, Kimberly, AL 35091
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    Highway 280 Retail Opportunity
    $435,000
    0.41 Acres

    Highway 280 Retail Opportunity

    C-store opportunity on high-traffic highway with strong visibility.

    32176 Hwy 280, Childersburg, AL 35044
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    Condo Near UAB and Downtown
    $139,000

    Condo Near UAB and Downtown

    Condo with modern features, convenient location, and easy access.

    401 20Th St S, Birmingham, AL 35233
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    Red Lane Road Specialty Property
    $850,000

    Red Lane Road Specialty Property

    Specialty property available for sale in Birmingham, Alabama.

    524 Red Lane Rd, Birmingham, AL 35215
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    High-Visibility Office Asset For Sale
    $850,000
    6,612 SF

    High-Visibility Office Asset For Sale

    Cash-flowing office building near commercial corridor, 80% leased.

    524 Red Lane Rd, Birmingham, AL 35215
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    Vacant Lot Zoned I-3
    $390,000

    Vacant Lot Zoned I-3

    Vacant lot available for business development, zoned I-3.

    150 London Pkwy, Birmingham, AL 35211
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    Land Near Bryan Elementary
    $50,000

    Land Near Bryan Elementary

    Land lot near Bryan Elementary School available for sale.

    8924 Stouts Rd, Kimberly, AL 35091
    View details
    Land with Creek and Hardwoods
    Contact for pricing

    Land with Creek and Hardwoods

    Land featuring hardwoods, pines, and a year-round creek.

    2101 Windcroft Rd, Bessemer, AL 35023
    View details
    Highway 280 C-Store Opportunity
    $435,000
    1,222 SF

    Highway 280 C-Store Opportunity

    Prime convenience store location with high visibility and customer traffic.

    32176 Us Highway 280, Childersburg, AL 35044
    View details

    Leases and Sales on Map

    • For Sale

    Properties for sale

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    Request Owner's contact information
    Keller Williams Realty Homewood
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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
    Keller Williams Realty Homewood
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