Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1048 SUNHILL ROAD Center Point, AL 35215

    View on Map
    Claim this Listing
    For Sale
    $75,000

    Acreage - CENTER POINT, AL

    Lot size:
    7.79 Acres
    Added:
    May 25, 2023
    Days on Market:
    1076
    Last Refresh:
    May 4 at 4:06 pm

    Property Features for 1048 SUNHILL ROAD

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    7.79 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ben Preston

    Listing agent Ben Preston

    Listing office LAH Sotheby's International Realty Hoover 1969 Braddock Drive, hoover, AL

    Listing date May 25, 2023

    MLS# 1354998 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Wooded Land For Sale

    This 7.8-acre parcel of wooded land is available for sale. Zoned Mixed Use Medium by the City of Birmingham, the property allows for multifamily, commercial, and other uses. The terrain slopes from east to west, similar to the adjacent Green Meadow Apartments, which are located in front of the property. The site is located approximately 1/2 mile from Jefferson State Community College.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Center Point
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7137418
    Latitude
    33.6481708

    Nearby Similar for Sale

    • $499,000

      Two-Story Commercial Office Building

      Two-story commercial office building with customization potential in Center Point.
      2244 CENTER POINT PARKWAY, CENTER POINT, AL 35215
      View Details
    • $100,000

      Mixed-Use Property in Center Point

      Mixed-use property with C1 zoning, ideal for retail/office.
      1812 NE 1ST STREET, CENTER POINT, AL 35215
      View Details
    • $115,000

      Versatile Commercial Building in Center Point

      Commercial building suitable for professional practice or business.
      1829 1ST STREET, CENTER POINT, AL 35215
      View Details
    • $249,500

      Center Point Duplex: Investor Opportunity

      Turnkey duplex in Center Point with strong cash flow.
      1713 6TH PLACE CIRCLE, CENTER POINT, AL 35215
      View Details
    • $39,900

      Residential Acreage in Center Point

      Residential land in Center Point, Alabama, ready for development.
      1894 WOODVINE LANE, CENTER POINT, AL 35215
      View Details
    • $175,000

      Commercial Property in Prime Location

      Commercial property in Center Point, AL, near Neighborhood Walmart.
      100 20TH AVENUE, CENTER POINT, AL 35215
      View Details
    • $200,000
      34,834 SF

      Center Point Business Park Portfolio

      Four-building, 34,834 SF office portfolio in Center Point, Alabama.
      1515 Huffman Rd, Center Point, AL 35215
      View Details
    • $120,000
      2,263 SF

      Center Point Commercial Warehouse Space

      2,263 sq ft commercial warehouse in Center Point, Alabama.
      18 20th NW Court, CENTER POINT, AL 35215
      View Details
    • $13,000

      Residential Lots in Center Point

      Sixteen contiguous vacant residential lots in Center Point, Alabama.
      1849 RICHLAND DRIVE, CENTER POINT, AL 35215
      View Details
    • $13,000

      Residential Lots in Center Point

      Sixteen contiguous vacant residential lots in Center Point, Alabama.
      1833 RICHLAND DRIVE, CENTER POINT, AL 35215
      View Details
    • $13,000

      Residential Lots in Center Point

      Sixteen contiguous vacant residential lots in Center Point, Alabama.
      1825 RICHLAND DRIVE, CENTER POINT, AL 35215
      View Details
    • $13,000

      Residential Lots in Center Point

      Sixteen contiguous vacant residential lots in Center Point, Alabama.
      1809 RICHLAND DRIVE, CENTER POINT, AL 35215
      View Details

    FAQs

    What type of property is this?
    Land - 7.8 acres of wooded land near Jefferson State Community College.
    Where is this land located?
    The property is located at 1048 SUNHILL ROAD Center Point, AL.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: 7.8 acres of wooded land.; Zoning: Mixed Use Medium, City of Birmingham, allows for diverse development including multifamily and commercial ventures.; Located behind Green Meadow Apartments.
    (205) 305-6347
    We can help!
    Listing Contact
    Ben Preston
    Real Estate License ID: 84010
    Learn More
    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.
    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

    Thank You for Inquiry

    1048 SUNHILL ROAD, CENTER POINT, AL 35215

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!