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    786 Highway 31 Alabaster, AL 35007

    For Sale
    $894,900

    High-traffic industrial site, flexible zoning.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 3.11-acre industrial property is strategically located on Highway 31 South in Alabaster, Alabama, offering unparalleled access and visibility. Situated less than two miles from I-65 South exit 238, this site benefits from high traffic counts, averaging approximately 21,000 vehicles per day on Highway 31 and approximately 84,000 vehicles per day at the nearby interstate exit. The property boasts a pre-existing structure, previously utilized as a business, which includes a home office and a metal warehouse/flex space. This versatile building provides immediate functionality and potential for various uses. The site is pad-ready, eliminating significant upfront development costs. Its unzoned status offers exceptional flexibility for future owners, allowing for a wide range of potential uses, including but not limited to: automotive service centers, contractor spaces, office spaces, mini-storage facilities, and car lots. This rare opportunity presents a unique blend of location, existing infrastructure, and zoning flexibility, making it an ideal investment for entrepreneurs and businesses seeking a prime location in a thriving area. The high traffic volume ensures significant exposure, making this property a compelling investment prospect.

    Property Features for 786 Highway 31

    General Information

    Property type
    Industrial properties
    Lot Size
    135,472 SF

    Building Details

    Year Built
    1970
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Industrial properties

    Suggested Use

    Restaurant Spa & Massage Building Supply Wholesale Shop Auto Repair Shop Nail Salon Pharmacy Gym & Fitness Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Alabaster
    County
    Shelby
    State
    Alabama
    Longitude
    -86.78612
    Latitude
    33.21121

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    FAQs

    What type of property is this?
    Industrial property - High-traffic industrial site, flexible zoning.
    Where is this industrial property located?
    The property is located at 786 Highway 31 Alabaster, AL.
    What is the asking price?
    The asking price for this property is $894,900.
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    786 Highway 31 Alabaster, AL 35007
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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
    786 Highway 31 Alabaster, AL 35007
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