Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10589 Highway 119 Alabaster, AL 35007

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $199,000

    High-traffic commercial land with excellent visibility and easy access.

    Type:Commercial/Industrial
    Added:
    Oct 22, 2025
    Days on Market:
    178
    Last Refresh:
    Apr 7 at 8:45 pm

    Property Features for 10589 Highway 119

    General Information

    Standard status
    Active
    Property subtype
    Commercial/Industrial

    We can help!

    Listing Contact
    Sherry Conde
    Sherry Conde

    Listing agent Sherry Conde

    Listing office Keller Williams Metro South

    Listing date Oct 22, 2025

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Metro South

    Overview

    Highway 119 Commercial Land

    This commercial land offers a high-traffic location with excellent visibility and easy access directly on Highway 119. The property is situated within the 119 Overlay District, located two blocks from the new Alabaster City Hall. This location offers convenience and exposure.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Alabaster
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8229093
    Latitude
    33.2336404

    Nearby Similar for Sale

    • $800

      Prime Office Space Near I65

      Well-maintained office space with I65 access and conference room.
      101 AVIATORS VIEW DRIVE, ALABASTER, AL 35007
      View Details
    • $650,000

      Commercial Lots on County Rd

      Two commercial lots totaling 4.6 acres near Hwy 119.
      2040 BUTLER ROAD, ALABASTER, AL 35007
      View Details
    • $308,000

      Highway 119 Commercial Opportunity

      Commercial property on Highway 119, Alabaster. High visibility and traffic.
      10599 HIGHWAY 119, ALABASTER, AL 35007
      View Details
    • $650,000

      Commercial Lots on Butler Road

      Two commercial lots totaling 4.6 acres in Alabaster, Alabama.
      2022 BUTLER ROAD, ALABASTER, AL 35007
      View Details
    • $150,000

      Alabaster Vacant Land For Sale

      0.94+/- acre outparcel in a strong commercial corridor.
      113 Simmsville Rd, Alabaster, AL 35007
      View Details
    • $475,000
      3,290 SF

      Alabaster Medical Mile Opportunity

      Prime location in Alabaster's Medical Mile District.
      223 1st N Street, ALABASTER, AL 35007
      View Details
    • $425,000

      25.5 Acres in Alabaster, AL

      25.5 acres of near-level land, excellent development opportunity.
      1383 CAMP BRANCH ROAD, ALABASTER, AL 35007
      View Details
    • $114,990

      Residential Lot in Maple Ridge

      2.6 acre residential lot in established neighborhood ready to build.
      212 MARANATHA TRAIL, ALABASTER, AL 35007
      View Details
    • $360,000

      20 Acres in Alabaster, AL

      Undeveloped 20-acre parcel with public water access.
      00 HIGHWAY 26, ALABASTER, AL 35007
      View Details
    • $150,000

      Estate-Sized Lot in Harvest Ridge

      3+ acre lot in premier neighborhood, bring your builder!
      145 CHESTNUT DRIVE, ALABASTER, AL 35007
      View Details
    • $750,000

      Land Near Alabaster Development

      Land in growing Alabaster location near new shopping development.
      89 9TH WAY, ALABASTER, AL 35007
      View Details
    • $900,000
      2,648 SF

      Highway 119 Commercial Land

      B-3 zoned commercial land near new Thompson High School.
      10261 Highway 119, ALABASTER, AL 35007
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-traffic commercial land with excellent visibility and easy access.
    Where is this commercial land located?
    The property is located at 10589 Highway 119 Alabaster, AL.
    What is the asking price?
    The asking price for this property is $199,000.
    What are key features of this property?
    This property features: High‑traffic location with excellent visibility on Highway 119.; Easy access directly on Highway 119.; Situated within the desirable 119 Overlay District.
    (205) 937-1274
    We can help!
    Listing Contact
    Sherry Conde
    Sherry Conde
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!