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

    1409 11th St Sheffield, AL 35660

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

    2,280 sq ft building on a large corner lot.

    Type:General Commercial
    Property size:
    2,280 SF
    Price / SF:
    $32/SF
    Added:
    Jul 31, 2024
    Days on Market:
    638
    Last Refresh:
    Apr 1 at 8:25 pm

    Property Features for 1409 11th St

    General Information

    Standard status
    Active
    Size
    2,280 SF
    Property subtype
    General Commercial

    We can help!

    Listing Contact
    Coldwell Banker Pinnacle Properties

    Listing agent Coldwell Banker Pinnacle Properties

    Listing office

    Listing date Jul 31, 2024

    Source Xome

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Pinnacle Properties

    Overview

    Sheffield Commercial Building on Corner Lot

    This is a 2,280 sq. ft. building situated on a corner lot in Sheffield. The property is suitable for various business ventures. The layout includes an office, two meeting rooms, a kitchen, and two restrooms. It is suited for office space or meeting rooms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Disabled American Veterans Advocacy Group

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sheffield
    County
    Colbert
    State
    Alabama
    Longitude
    -87.70638
    Latitude
    34.750072

    Nearby Similar for Sale

    • $59,900

      2.25 Acres Vacant Land

      2.25 acres of land zoned residential in Sheffield, AL.
      0000 W Montgomery Ave, Sheffield, AL 35660
      View Details
    • $440,000
      16,000 SF

      Sheffield Entertainment Venue For Sale

      Spacious entertainment venue with stage, bar, and patio.
      419 N Raleigh Avenue, Sheffield, AL 35660
      View Details
    • $189,000

      Waterfront Lot with Sunset Views

      Gated waterfront lot with custom home plans and sunset views.
      00011 Clear View Dr, Sheffield, AL 35660
      View Details
    • $350,000
      2,700 SF

      Renovated Office/Retail Building For Sale

      Freestanding 2,700 SF office/retail property in Sheffield, Alabama.
      2724 N Jackson Hwy, Sheffield, AL 35660
      View Details
    • $925,000
      6,000 SF

      Established Restaurant with Event Room

      Restaurant with fixtures and equipment included in downtown Sheffield.
      307 N Montgomery Ave, Sheffield, AL 35660
      View Details
    • $34,900

      Commercial Land Near Downtown Sheffield

      Two lots near downtown Sheffield with potential for varied uses.
      200 6th St, Sheffield, AL 35660
      View Details
    • $12,500

      Residential Land in River Bluff

      Two lots totaling 1.3 acres near downtown Sheffield.
      10 Wood Avenue, Sheffield, AL 35660
      View Details
    • $159,900
      1,200 SF

      Commercial Space in Sheffield, AL

      Versatile commercial space in a convenient location for sale.
      423 B Cox Blvd, Sheffield, AL 35660
      View Details
    • $25,000

      Commercial Lot in Sheffield

      1.70 acre commercial lot ideal for storage or warehouse.
      00 Atlanta Ave, Sheffield, AL 35660
      View Details
    • $24,900

      Sheffield Land Development Opportunity

      Nearly half acre lot near downtown Sheffield.
      0 N Annapolis Ave, Sheffield, AL 35660
      View Details
    • $54,900

      Residential Land with Water Views

      2.04+/- acre residential land in River Oaks subdivision.
      Darby Ave, Sheffield, AL 35660
      View Details
    • $10,900

      Residential Building Lot in Sheffield

      Residential lot available in Sheffield, Alabama.
      0 Milner St, Sheffield, AL 35660
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2,280 sq ft building on a large corner lot.
    Where is this commercial land located?
    The property is located at 1409 11th St Sheffield, 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: Large corner lot; Boasting 2,280 sq. ft. of building space; Features office space
    (256) 766-0069
    We can help!
    Listing Contact
    Coldwell Banker Pinnacle Properties
    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!