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Property profile & analytics
FOR SALE
Warehouses

2710 Mcfarland Blvd Northport, AL 35476

8,000 SF 0.31 ac lot Built 1900
Entity Owned 4-yr Hold Absentee Owner Free & Clear
Property ID
US03-0670270
Property summary
AI-generated overview

This exceptional Northport, AL industrial property, encompassing 0.93 acres, presents a lucrative investment opportunity. The property comprises three parcels (31-02-09-1-004-003.001, 31-02-09-1-004-007.000, and 31-02-09-1-004-008.000) and offers significant potential for expansion. All building roofs were replaced in 2021, enhancing longevity and reducing maintenance costs. The property boasts a newly installed security system, complete with a modern camera system and auto LED lighting, both inside and outside the buildings. Further enhancing efficiency, the property is remotely managed, eliminating employee overhead expenses. Recent improvements include new gravel surfacing and refinished doors. The climate-controlled units benefit from two new HVAC systems. While not all units are climate-controlled, there's ample space to add 15-20 more climate-controlled units, presenting a clear path for future revenue growth. For detailed unit dimensions and a visual representation of the property layout, please visit A1Northport.com. Priced at $1,250,000, this property represents a strong return on investment with significant upside potential.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1900
Total area 8,000 SF
Lot 0.31 ac (13,360 SF)
Zoning code C-6
APN 31-02-09-1-004-003.001
UPID US03-0670270
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Nitya Niyam LLC Series 1 · 4 yrs held
Nitya Niyam LLC Series 1
since 2021
Last sale
$187,500
2 recorded transactions
2021
$187,500
2006
Price N/A
Zoning & alternative use
C-6 · Northport, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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