Add Listing
    For Sale
    • 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

    3191 ALLISON BONNETT MEMORIAL DRIVE Hueytown, AL 35023

    View on Map
    For Sale
    $99,000

    Acreage - HUEYTOWN, AL

    Lot size:
    2.60 Acres
    Added:
    Jul 23, 2024
    Days on Market:
    618
    Last Refresh:
    Apr 1 at 5:06 pm

    Property Features for 3191 ALLISON BONNETT MEMORIAL DRIVE

    General Information

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

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jane Huston Crommelin
    Jane Huston Crommelin

    Listing agent Jane Huston Crommelin

    Listing office Ray & Poynor Properties 600 Olde English Ln Ste 124, Birmingham, AL

    Listing date Jul 23, 2024

    MLS# 21392491 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

    Commercial Lot in Hueytown, AL

    This 2.6-acre commercial lot is located in Hueytown, Alabama, in Jefferson County. The property is identified as a potential commercial lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Hueytown
    County
    Jefferson
    State
    Alabama
    Longitude
    -87.00006
    Latitude
    33.455708

    Nearby Similar for Sale

    • $300,000

      Retail Building on Warrior River

      Commercial building with high visibility, recently renovated with modern finishes.
      903 WARRIOR RIVER ROAD, HUEYTOWN, AL 35023
      View Details
    • $350,000

      Former Daycare with Playground

      Equipped former daycare with playground, suitable for various businesses.
      3090 ALLISON BONNETT MEMORIAL DRIVE, HUEYTOWN, AL 35023
      View Details
    • $15,000

      Residential Lot Near Hueytown School

      Residential lot near school, shopping, and restaurants in Hueytown.
      107 DABBS AVENUE, HUEYTOWN, AL 35023
      View Details
    • $29,900

      Residential Lot in Hueytown

      0.33 acre vacant lot with development potential.
      1026 BROAD STREET, HUEYTOWN, AL 35023
      View Details
    • $18,000

      Residential Land in Hueytown, AL

      0.71 acre residential land parcel for sale.
      3524 SHELL DRIVE, HUEYTOWN, AL 35023
      View Details
    • $138,000

      13.2 Acres in Jefferson County

      13.2 acres of land with road frontage near Hueytown.
      747 MCCLAIN ROAD, HUEYTOWN, AL 35023
      View Details
    • $240,000

      40 Acres Wooded Land

      40-acre wooded property ideal for residential, recreational, or investment use.
      5156 MOUNTAIN VALLEY ROAD, HUEYTOWN, AL 35023
      View Details
    • $99,000

      Commercial Lot in Hueytown, AL

      0.86 acre commercial lot with potential for development.
      3197 ALLISON BONNETT MEMORIAL DRIVE, HUEYTOWN, AL 35023
      View Details
    • Contact for pricing

      Commercial Land on Allison-Bonnett Parkway

      Redevelopment parcel with high visibility and access in Hueytown.
      2731 Allison-Bonnett Parkway, Hueytown, AL 35023
      View Details
    • $119,900
      2,039 SF

      Hueytown Commercial Property For Sale

      Commercial property with frontage on Brooklane Drive in Hueytown, Alabama.
      616 BROOKLANE DRIVE, Hueytown, AL 35023
      View Details
    • $109,000
      1,450 SF

      Hueytown Commercial Property For Sale

      Commercial property in Hueytown, zoned B2 with road frontage.
      103 IVY AVENUE, Hueytown, AL 35023
      View Details
    • Contact for pricing

      Commercial Land on Allison-Bonnett Parkway

      Redevelopment parcel with high visibility and access in Hueytown.
      2731 Allison-Bonnett Parkway, Hueytown, AL 35023
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.6-acre commercial land available in Hueytown, Alabama.
    Where is this commercial land located?
    The property is located at 3191 ALLISON BONNETT MEMORIAL DRIVE Hueytown, AL.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: Potential Commercial Lot; Location: [-87.00009, 33.454838]
    (205) 527-4251
    We can help!
    Listing Contact
    Jane Huston Crommelin
    Jane Huston Crommelin
    Real Estate License ID: 77489
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!