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    Highway 31 Calera, AL 35040

    For Sale
    $179,500

    High-visibility lot, ideal for development.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 2.06-acre commercial lot boasts prime highway frontage on Highway 31 in the heart of Calera, Alabama. Its strategic corner location offers unparalleled visibility and accessibility, making it an outstanding opportunity for businesses seeking high-traffic exposure. The property's substantial size provides ample space for a variety of development projects, from retail establishments and restaurants to office buildings or other commercial ventures. The location within downtown Calera ensures proximity to local amenities and a thriving community. This is a rare chance to acquire a highly desirable commercial parcel in a rapidly growing area. The expansive lot provides significant potential for future growth and return on investment. Given its size and location, this property is well-suited for a wide range of commercial uses, offering a unique opportunity for entrepreneurs and developers alike. The high visibility afforded by the Highway 31 frontage is a key advantage, ensuring maximum exposure to potential customers and clients. Serious inquiries are encouraged to explore the possibilities of this exceptional commercial property. Act quickly, as opportunities like this are seldom available.

    Property Features for Highway 31

    General Information

    Property type
    Other commercial real estate
    Lot Size
    89,734 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Calera
    County
    Shelby
    State
    Alabama
    Longitude
    -86.75307
    Latitude
    33.10268

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    FAQs

    What type of property is this?
    Commercial real estate - High-visibility lot, ideal for development.
    Where is this commercial real estate located?
    The property is located at Highway 31 Calera, AL.
    What is the asking price?
    The asking price for this property is $179,500.
    (205) 669-1933
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    Highway 31 Calera, AL 35040
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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
    Highway 31 Calera, AL 35040
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