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    3750 N Schillinger road Semmes, AL 36575

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $249,000

    Prime 8.04-acre development site in Semmes, AL. Motivated seller.

    Property size:
    350,222 SF

    Property Features for 3750 N Schillinger road

    General Information

    Property type
    Other land
    Square Feet
    350,222 SF
    Price / Square Foot
    $0.71
    Elevators
    N/A
    Lot Size
    350,222 SF

    Overview

    Semmes, AL Development Opportunity

    This 8.04-acre commercial land parcel is located in Semmes, Alabama. Situated on Schillinger Road, the property offers over 100 feet of frontage and is zoned B2 - General Business, making it suitable for various commercial ventures. All utilities are available. The location provides convenient access to major thoroughfares such as Highway 98 and Highway 158. The surrounding area features a mix of residential and retail establishments. An adjacent 1.17-acre lot is also available for purchase.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    HighLights

    • 8.04 acres of prime Alabama land, ideally suited for development.
    • Excellent Schillinger Road visibility with 100' of frontage and B2 zoning.
    • All utilities available; easy access to major highways 98 & 158.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

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

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

    Location Insight

    City
    Semmes
    State
    Alabama

    Nearby Similar for Sale

    • $449,900
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      Semmes Commercial Building For Sale

      Three-suite commercial building on high-traffic Schillinger Road.
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      Retail Center Near High-Traffic Intersection

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      7885 Moffett Rd, Semmes, AL 36575
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      Retail Strip Center Investment Opportunity

      Retail strip center with seven units in Semmes, Alabama.
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    • $499,900
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      Semmes Commercial Building - High Traffic!

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    • $224,900
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      Semmes Retail Corner Lot Investment

      High-traffic retail space, excellent investment.
      8900 Moffett Rd, Semmes, AL 36575
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    • $999,900
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      2600 Schillinger Rd, Semmes, AL 36575

      Commercial real estate • 2,373 SF
      2600 Schillinger Rd, Semmes, AL 36575
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    • $269,900
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      Semmes, AL: 6.5 Acres Prime Land

      Rare Semmes acreage, development potential.
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    • $1,750,000
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      Semmes Mixed-Use Investment Opportunity

      11.72 Acres, High-Traffic Location, Great Potential
      2001 Schillinger Rd, Semmes, AL 36575
      View Details

    FAQs

    What type of property is this?
    Land - Prime 8.04-acre development site in Semmes, AL. Motivated seller.
    Where is this land located?
    The property is located at 3750 N Schillinger road Semmes, AL.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: 8.04 acres of prime Alabama land, ideally suited for development.; Excellent Schillinger Road visibility with 100' of frontage and B2 zoning.; All utilities available; easy access to major highways 98 & 158.
    (251) 438-4312
    Request Owner's contact information
    3750 N Schillinger road Semmes, AL 36575
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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.

    More about this property
    3750 N Schillinger road Semmes, AL 36575
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    We can help!
    Listing Contact
    Paul Salter
    (251) 438-4312
    Learn more
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