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    Wooded Mixed-Use Development Land Title is generated by Realmo AI

    1048 SUNHILL ROAD lot 0, Center Point, AL 35215

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    For Sale
    $75,000

    LAND - CENTER POINT, AL

    Lot size:
    7.79 Acres
    Added:
    May 25, 2023
    Days on Market:
    1107
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for 1048 SUNHILL ROAD lot 0

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Zoning: Mixed Use Medium,
    Standard status
    Active
    APN
    13-00-14-1-000-002.001
    Lot size
    7.79 Acres

    Taxes and HOA fees

    Tax Description
    Part Of Lot 23-A Hy Carsons Add To Greenfield Village Beg At Nw Cor Of Sd Lot Th Ne 925 Ft Th E 65 Ft Th Sw 250 Ft Th Se 540 Ft Th Sw 200 Ft Th Sw 280 Ft Th Nw 505 Ft To Pob

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Ben Preston

    Listing agent Ben Preston License #84010

    Listing office LAH Sotheby's International Realty Hoover 1969 Braddock Drive, hoover, AL

    Listing date May 25, 2023

    MLS# 1354998 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 7.8 acres of wooded land for sale behind Green Meadow Apartments
    • Zoned Mixed Use Medium (City of Birmingham) allowing multifamily, commercial, and other uses
    • Terrain slopes from east to west, similar to adjacent apartments
    • Public water source available
    • Near Jefferson State Community College (approx. 1/2 mile)

    Overview

    This offering consists of approximately 7.79 acres of wooded land. The terrain slopes from east to west and is described as similar to the adjacent Green Meadow Apartments property. The parcel is being marketed as a flexible development site suitable for multiple uses under its zoning parameters.

    The land is located behind Green Meadow Apartments off Sunhill Road in Center Point, Alabama, in Jefferson County. The listing notes proximity to Jefferson State Community College, approximately half a mile away.

    Zoned Mixed Use Medium, the site is described as allowing multifamily, commercial, and other uses, subject to applicable city requirements and approvals. For developers and investors evaluating land that can support mixed-use concepts, this wooded, sloped acreage provides a single consolidated tract with a zoning framework intended to accommodate more than one use type.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Center Point
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.713743
    Latitude
    33.648176

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    FAQs

    What type of property is this?
    Residential land & home lot - Wooded, sloping acreage near Green Meadow Apartments offers Mixed Use Medium zoning for varied development options.
    Where is this residential land & home lot located?
    The property is located at 1048 SUNHILL ROAD lot 0 Center Point, AL.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: 7.8 acres of wooded land for sale behind Green Meadow Apartments; Zoned Mixed Use Medium (City of Birmingham) allowing multifamily, commercial, and other uses; Terrain slopes from east to west, similar to adjacent apartments
    (205) 305-6347
    We can help!
    Listing Contact
    Ben Preston
    Real Estate License ID: 84010
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    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.

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