Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    12 Owen Pkwy Northport, AL 35473

    Sponsored
    For Sale
    $169,000

    1.4-Acre Commercial Lot, Pad-Ready

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    349
    This exceptional 1.4-acre commercial lot presents a prime investment opportunity in the thriving Gloryland Commercial Subdivision of Northport, Alabama. Located on Hwy 43N, this C3 (General Commercial) zoned property boasts unparalleled visibility and accessibility. With a daily traffic volume of 25,000 vehicles on Hwy 43N and an additional 53,000 vehicles daily at the nearby intersection of McFarland Blvd/US Hwy 82 and Hwy 43N (less than half a mile away), this location ensures high exposure for any business. The lot is conveniently pad-ready, with utilities already stubbed to the site, minimizing development time and costs. Access is via the landscaped Owen Parkway, offering a professional and attractive setting. The subdivision is already seeing success, with two lots already sold to a restaurant and a medical practice, demonstrating strong market demand. Furthermore, the addition of a new 141-lot residential subdivision adjacent to the property promises increased foot traffic and a growing customer base. This is a rare opportunity to secure a highly visible and well-situated commercial lot in a rapidly developing area. Don't miss out on this chance to establish your business in a prime Northport location.

    Property Features for 12 Owen Pkwy

    General Information

    Property type
    Other commercial real estate
    Lot Size
    60,984 SF

    We can help!

    Listing Contact
    Steven Deal

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness Auto Repair Shop Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Northport
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.59914
    Latitude
    33.24645

    Nearby Similar for Sale

    • $995,000
      4,200 SF

      Professional Office Building in Northport

      Well-appointed office building ideal for law, finance, or medical practices.
      5690 Watermelon Rd, Northport, AL 35473
      View Details
    • $3,299,000
      12,000 SF

      New Class A Office Space

      Modern 12,000 SF office space in fast-growing Northport, Alabama.
      5051 Un Sta, Northport, AL 35473
      View Details
    • $429,900
      Pending

      Northport Home with Pool and Playground

      Four-bedroom home with pool, waterfall, playground, and updated interiors.
      5100 Carroll St, Northport, AL 35475
      View Details
    • $750,000
      4,020 SF

      Northport Medical/Office Building For Sale

      Versatile 4,020 SF building suitable for medical or office use.
      2401 Hospital Dr, Northport, AL 35476
      View Details
    • $2,400,000
      49,000 SF

      Northport Industrial Facility For Sale

      49,000 SF industrial facility suitable for owner-user or investor.
      3160 A Mcfarland Blvd, Northport, AL 35476
      View Details
    • $345,900
      1,900 SF

      Northport Commercial Building For Sale

      1900 sqft building in Northport's business district.
      2101 Lurleen Wallace Blvd, Northport, AL 35476
      View Details
    • $649,900
      3,427 SF

      Northport Car Wash For Sale

      Car wash on 0.70 acres, redevelopment opportunity available.
      12102 Hendrix Ave, Northport, AL 35476
      View Details
    • New
      $304,000
      3,410 SF

      Northport Fourplex: Investment Opportunity

      Fourplex in Northport, Alabama, offering a strong rental income potential.
      3006 Main Ave, Northport, AL 35476
      View Details
    • Contact for pricing
      41,656 SF

      Retail/Flex Warehouse in Northport, AL

      41,656 SF retail/flex warehouse in a strong retail corridor.
      6451 Mcfarland Blvd, Northport, AL 35476
      View Details
    • $58,900
      4,947 SF

      Northport Commercial Lot - Prime Location

      Central Northport, 4,947 sq ft lot. Ideal for office or retail.
      1411 20Th Ave, Northport, AL 35476
      View Details
    • $3,750,000
      1,714,521 SF

      Northport Commercial Land Opportunity

      39 Acres, Prime Redevelopment Site
      1105 Martin Luther King Jr Blvd, Northport, AL 35476
      View Details
    • $1,950,000

      Northport Office Building Investment

      Newly renovated, prime office space.
      5710 Watermelon Rd, Northport, AL 35473
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - 1.4-Acre Commercial Lot, Pad-Ready
    Where is this commercial real estate located?
    The property is located at 12 Owen Pkwy Northport, AL.
    What is the asking price?
    The asking price for this property is $169,000.
    (205) 349-6500
    Request Owner's contact information
    12 Owen Pkwy Northport, AL 35473
    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.
    12 Owen Pkwy
    Northport, AL 35473
    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
    12 Owen Pkwy Northport, AL 35473
    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

    We can help!
    Listing Contact
    Steven Deal
    (205) 349-6500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.