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    315 45th St Fairfield, AL 35064

    Sponsored
    For Sale
    $2,430,000

    High-yield storage facility, 304 units, 73% occupancy.

    Property size:
    32,838 SF

    Description

    Added:
    Jan 16, 2025
    Days on Market:
    355
    This exceptional 32,838 square foot industrial property in Fairfield, Alabama, presents a compelling investment opportunity. Located at 315 45th St, 35064, this facility boasts 304 units and currently enjoys a 73% occupancy rate. The property sits on a 0.78-acre lot and offers significant value-add potential through improved management and expense reduction. Market analysis reveals a strong surrounding population, with over 50,000 residents within a 3-mile radius and over 115,000 within a 5-mile radius. The limited supply of similar properties in the area (only 5.82 square feet per capita within a 5-mile radius) underscores the high demand. Projections indicate a strong return on investment, with an anticipated 8.65% Year 2 Cap Rate and a 9.93% Year 4 Cap Rate upon stabilization. This is achieved through strategic improvements to physical and economic occupancy, leading to rapid revenue growth. The asking price is $2,430,000. This property is ideal for investors seeking a high-yield, value-add opportunity in a robust market.

    Property Features for 315 45th St

    General Information

    Property type
    Other specialty properties
    Square Feet
    32,838 SF
    Price / Square Foot
    $73
    Class
    C
    Elevators
    N/A
    Lot Size
    33,977 SF
    Occupancy
    73%
    Net Operating Income
    $95,910

    Building Details

    Year Built/Renovated
    1956/1990
    Buildings
    1
    Stories
    1
    Units
    304

    HighLights

    • Exceptional Fairfield, AL location with strong population density.
    • 304 units in a 32,838 SF building offering significant value‑add potential.
    • Projected high yields upon stabilization, reaching 9.93% Cap Rate in Year 4.
    Location Intelligence

    Current Use by Public Records

    U-Haul Neighborhood Dealer Truck Rental Agency Super Storage Self-Storage Facility

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    State
    Alabama
    Longitude
    -86.915504
    Latitude
    33.492571

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    FAQs

    What type of property is this?
    Specialty property - High-yield storage facility, 304 units, 73% occupancy.
    Where is this specialty property located?
    The property is located at 315 45th St Fairfield, AL.
    What is the asking price?
    The asking price for this property is $2,430,000.
    What are key features of this property?
    This property features: Exceptional Fairfield, AL location with strong population density.; 304 units in a 32,838 SF building offering significant value-add potential.; Projected high yields upon stabilization, reaching 9.93% Cap Rate in Year 4.
    (865) 216-7034
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    315 45th St Fairfield, AL 35064
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    Realmo Value Estimation

    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.

    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.

    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
    315 45th St Fairfield, AL 35064
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