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    Jerry Tortorigi, Trussville, AL

    License ID: AL.74748000
    Years of Experience
    16

    Service Locations

    Contact details

    Phone:
    (205) 243-4667
    Office Address:
    1800 Tin Valley Cir. Ste.D, Birmingham, AL 35235

    Property Types

    • Commercial Sale
    • Land

    Performance

    Listings
    37
    Total transactions
    32
    Total transactions amount
    $9M
    Price range
    $187k - 422k
    Average price
    $281k

    Listings

    For Sale (34)

    View map
    • Contact for pricing
      2,200 SF

      Trussville Office Suites Available

      Two 2200 SF office suites for lease.
      4735 Norrell Dr, Trussville, AL 35173
      View Details
    • $450,000
      22.00 Acres

      PINSON, AL Acreage For Sale

      22 acres of land available in PINSON, Alabama.
      6725 Liberty Rd, Pinson, AL 35126
      View Details
    • $275,000
      2.00 Acres

      Wooded Acreage with Refurbished Mobile Homes

      Two-acre wooded property with five refurbished mobile homes near Smith Lake.
      14095 County Road 222, Crane Hill, AL 35053
      View Details
    • $450,000
      0.54 Acres

      Two-Story Office Building For Sale

      Two-story office building, previously a dental and professional office.
      628 Gadsden Hwy, Birmingham, AL 35235
      View Details
    • $795,000
      2.40 Acres

      Mixed-Use Property with Warehouses

      Mixed-use property featuring warehouses and office space on 2.4 acres.
      2774 Ruffner Rd, Irondale, AL 35210
      View Details
    • $150,000
      0.95 Acres

      SPRINGVILLE, AL Commercial Land

      Commercial land for sale in SPRINGVILLE, AL, suitable for development.
      112 Robinson St, Springville, AL 35146
      View Details
    • $225,000
      2.70 Acres

      Springville Land For Sale

      2.7-acre wooded lot suitable for office or retail development.
      Robinson St, Springville, AL 35146
      View Details
    • $225,000
      1.70 Acres

      Land For Sale in Trussville

      Wooded acreage available near I-59, schools, and shopping.
      1003 N Chalkville Rd, Trussville, AL 35173
      View Details
    • $39,000
      1.70 Acres

      Residential Land in Trussville, Alabama

      Wooded lot near I-59, shopping, and schools, ideal for building.
      100 Woodland Cir, Trussville, AL 35173
      View Details
    • $250,000
      0.41 Acres

      Move-In Ready Sylacauga Office Space

      Office space with private offices, ready for immediate occupancy.
      40863 Hwy 280, Sylacauga, AL 35151
      View Details
    • $48,800
      1.12 Acres

      Residential Lots in Sylacauga, AL

      Level, wooded lots with utilities available in Sylacauga.
      1 Forest Glen Rd, Sylacauga, AL 35151
      View Details
    • $239,000
      0.46 Acres

      Center Point Retail Redevelopment Opportunity

      Retail property in Center Point, Alabama, suitable for redevelopment.
      2424 Center Point Pkwy, Birmingham, AL 35215
      View Details
    • $150,000
      0.30 Acres

      Warehouse with Office in Trussville

      Warehouse with office space, kitchen, and fenced yard for sale.
      3077 Whites Chapel Pkwy, Trussville, AL 35173
      View Details
    • $39,000
      Pending

      Land For Sale Birmingham, AL

      Land available in Birmingham, Alabama.
      512 Roebuck Forest Dr, Birmingham, AL 35206
      View Details
    • $395,000
      0.97 Acres

      Commercial Land in Birmingham, AL

      Commercial land available in Birmingham, suitable for various professional uses.
      3745 Mary Taylor Rd, Birmingham, AL 35235
      View Details
    • $720,000
      15.50 Acres

      Commercial Land Near St. Vincent's East

      15.5 acres of commercial land suitable for medical or professional use.
      1425 Edwards Lake Rd, Birmingham, AL 35235
      View Details
    • $1,200,000
      9.00 Acres

      9 Acres in Irondale, Alabama

      9-acre commercial/industrial land in Irondale, Alabama, for sale.
      4680 Overton Rd, Birmingham, AL 35210
      View Details
    • $450,000
      2.60 Acres

      Land on Highway 75

      2.6 acres of commercial land with utilities.
      7029 Pinson Valley Pkwy, Pinson, AL 35126
      View Details
    • $275,000
      2.00 Acres

      Alabama Mobile Home Park Investment

      Five-unit park near Smith Lake; $275,000
      14095 Hwy 222, Crane Hill, AL 35053
      View Details
    • $1,400,000
      3.20 Acres

      Talladega Commercial Land - $1.4M

      3.2-acre commercial lot, large building.
      723 Battle St, Talladega, AL 35160
      View Details
    • $475,000
      6,000 SF

      Gadsden Hwy Medical Office Building

      Birmingham Medical Office - $475,000
      628 Gadsden Hwy, Birmingham, AL 35235
      View Details
    • Contact for pricing
      3.00 Acres

      Birmingham Commercial Land Opportunity

      15 Acres, Divisible Lots, Medical Zoning
      1401 Edwards Lake Rd, Birmingham, AL 35235
      View Details
    • $48,800
      1.14 Acres

      Serra Lots: Oak Grove Land

      1.14 Acres, Residential, Alabama
      0 Forest Glen Rd, Oak Grove, AL 35151
      View Details
    • $225,000
      8.00 Acres

      Dixiana Commercial Land - 8 Acres

      Prime 8-acre commercial lot in Dixiana, Alabama.
      6702 Old Springville Rd, Dixiana, AL 35126
      View Details
    • $450,000
      22.00 Acres

      Prime Pinson Residential Land

      22 Acres, Level Lot, Great Location
      6725 Liberty Rd, Pinson, AL 35126
      View Details
    • $1,200,000
      9.00 Acres

      Prime Birmingham Commercial Land

      9 Acres, $1.2M, High-Visibility Location
      4638 Overton Rd, Birmingham, AL 35210
      View Details
    • $1,200,000
      9.00 Acres

      9-Acre Birmingham Industrial Land

      Prime Birmingham industrial land, excellent development potential.
      4680 Overton Rd, Birmingham, AL 35210
      View Details
    • $720,000
      15.50 Acres

      Birmingham Commercial Land - 15.5 Acres

      Prime Birmingham commercial land, ideal for development.
      1425 Edwards Lake Rd, Birmingham, AL 35235
      View Details
    • $395,000
      0.97 Acres

      Prime Birmingham Commercial Land

      Level lot, utilities available, ready to build.
      3745 Mary Taylor Rd, Birmingham, AL 35235
      View Details
    • $250,000
      1,500 SF

      Sylacauga Office Building - $250K

      Vacant 1,500 SF Office, Alabama
      40863 Us Highway 280, Sylacauga, AL 35151
      View Details
    • $500,000
      1.40 Acres

      Prime Birmingham Commercial Land

      1.4-Acre Hotel/Retail Site in AL
      5961 Service Rd, Birmingham, AL 35235
      View Details
    • $250,000
      0.41 Acres

      40863 Hwy, Sylacauga, AL 35151

      Office Properties & Spaces • 0.41 Acres
      40863 Hwy, Sylacauga, AL 35151
      View Details
    • $450,000

      Commercial Land Available For Sale

      Commercial land available for sale at 628 Gadsden Hwy.
      628 Gadsden Hwy, Birmingham, AL 35235
      View Details
    • $239,000

      Center Point Parkway Land Parcel

      Land parcel on Center Point Parkway available for purchase.
      2424 Center Point Pkwy, Birmingham, AL 35215
      View Details

    For Lease (3)

    View map
    • $12 SF/Yr
      8,500 SF

      Birmingham Medical/Creative Office Space

      8,500 SF Office Building, 4,788 SF Vacant
      5588 Apple Park Dr, Birmingham, AL 35235
      View Details
    • $12 SF/Yr
      4,400 SF

      Jefferson County Creative Office Space

      1-Story Office/Warehouse, 4,400 SF Available
      2801 Queenstown Rd, Trussville, AL 35173
      View Details
    • $14 SF/Yr
      6,250 SF

      Tin Valley Retail Center Opportunity

      Jefferson County Storefront Space Available
      1800 Tin Valley Cir, Birmingham, AL 35235
      View Details

    Leases and Sales on Map

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    Jerry Tortorigi, Trussville, AL
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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.

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