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

    400 AL-59 Summerdale, AL 36580

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $850,000

    Level, cleared acreage with high visibility; ideal for development.

    Property size:
    856,522 SF

    Property Features for 400 AL-59

    General Information

    Property type
    Other land
    Square Feet
    856,522 SF
    Price / Square Foot
    $0.99
    Elevators
    N/A
    Lot Size
    856,390 SF

    Overview

    Prime Land with High Visibility

    This 19.66-acre parcel is located in Summerdale, Alabama. Situated on AL-59, the property benefits from high visibility. The land is level and cleared. There are two existing billboards on the property, and the signage rights can be transferred to the new owner, subject to arrangements with the sign company. The property is currently leased for crop production, with the existing lessee permitted to harvest before ownership transfer. The seller will retain all mineral rights. The property is sold "as is." Its size and location make it suitable for developers, businesses, or individuals seeking a significant land holding.

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    HighLights

    • 20 acres of level, cleared land in Summerdale, Alabama.
    • High visibility location with two existing billboards.
    • Currently leased for crops; buyer inherits existing lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Summerdale
    State
    Alabama

    Nearby Similar for Sale

    • $650,000
      19.14 Acres

      Versatile Land with Warehouse Apartment

      Expansive 19-acre property with warehouse and apartment in Summerdale, Alabama.
      19101 E Greenwood Rd, Summerdale, AL 36580
      View Details
    • $185,000
      1,050 SF

      Summerdale Commercial Property Investment

      Prime 0.6-acre lot, 1,050 SF building.
      13486 County Road 32, Summerdale, AL 36580
      View Details
    • $600,000
      1,645 SF

      Summerdale Commercial Building For Sale

      Prime location, 1645 SF, two-story building.
      317 al 59, Summerdale, AL 36580
      View Details
    • $2,800,000
      19,227 SF

      Hwy 59 Retail Land, Alabama

      43 Acres, High-Traffic Location, Development Potential
      20438 State Highway 59, Summerdale, AL 36580
      View Details

    FAQs

    What type of property is this?
    Land - Level, cleared acreage with high visibility; ideal for development.
    Where is this land located?
    The property is located at 400 AL-59 Summerdale, AL.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: 20 acres of level, cleared land in Summerdale, Alabama.; High visibility location with two existing billboards.; Currently leased for crops; buyer inherits existing lease.
    (251) 943-7900
    Request Owner's contact information
    400 AL-59 Summerdale, AL 36580
    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.
    400 AL-59
    Summerdale, AL 36580
    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
    400 AL-59 Summerdale, AL 36580
    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

    We can help!
    Listing Contact
    Paul Salter
    (251) 943-7900
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!