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    8634 Highway 31 Calera, AL 35040

    For Sale
    $99,900

    Prime Calera location, endless potential!

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    311
    This exceptional 0.14-acre lot, situated in the heart of Downtown Calera, Alabama, presents a unique investment opportunity. Previously occupied by a structure that has been completely removed, the property is now a blank canvas ready for development. According to the City of Calera, the lot is eligible for commercial rezoning, opening up a wide range of possibilities for businesses seeking a presence in this rapidly expanding city. The cleared lot offers significant advantages, eliminating the need for demolition and allowing for immediate construction. Its central location within Downtown Calera ensures high visibility and accessibility, making it an ideal site for a variety of commercial ventures. The property's proximity to other businesses and amenities further enhances its appeal. The adjacent property is also available for purchase, presenting a compelling opportunity for expansion or consolidation. This is a rare chance to acquire a prime commercial lot in a thriving Alabama city, poised for significant growth and development. Don't miss this chance to establish your business in a dynamic and desirable location. The asking price is $99,900.

    Property Features for 8634 Highway 31

    General Information

    Property type
    Other commercial real estate
    Lot Size
    6,098 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Calera
    County
    Shelby
    State
    Alabama
    Longitude
    -86.75336
    Latitude
    33.0974

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Calera location, endless potential!
    Where is this commercial real estate located?
    The property is located at 8634 Highway 31 Calera, AL.
    What is the asking price?
    The asking price for this property is $99,900.
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    8634 Highway 31 Calera, AL 35040
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    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
    8634 Highway 31 Calera, AL 35040
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