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

    501 Tarrant Road Gardendale, AL 35071

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $375,000

    Two commercial properties in a high-growth area, currently leased.

    Type:Commercial/Industrial
    Property size:
    1,800 SF
    Added:
    Sep 11, 2024
    Days on Market:
    584
    Last Refresh:
    Apr 7 at 9:19 pm

    Property Features for 501 Tarrant Road

    General Information

    Standard status
    Active
    Size
    1,800 SF
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1945

    We can help!

    Listing Contact
    Sherry Dalton
    Sherry Dalton

    Listing agent Sherry Dalton License #107434

    Listing office Keller Williams Realty Hoover

    Listing date Sep 11, 2024

    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 Realty Hoover

    Overview

    Commercial Property in High-Traffic Area

    This commercial property includes two lots, one of which is a corner lot, situated in a high-traffic area. Additional parking has been added. The office building features a new HVAC system. Both properties are currently occupied with leases in place. Located at 501 & 505 Tarrant Road, this property offers various possibilities for business needs in a high-growth area. The property size is 1800 square feet. This location could suit someone looking for a private office and a business rental opportunity.
    Location Intelligence

    Current Use by Public Records

    Musicality Training Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    Gardendale
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7956692
    Latitude
    33.6417614

    Nearby Similar for Sale

    • $360,000

      Retail Opportunity in Gardendale, AL

      Retail or office building centrally located in Gardendale, Alabama.
      112 W TARRANT DRIVE, GARDENDALE, AL 35071
      View Details
    • $199,999

      Church Building with Event Potential

      Well-maintained church with event space potential in North Jefferson.
      2436 EBENEZER LANE, GARDENDALE, AL 35071
      View Details
    • $360,000
      2,266 SF

      Retail/Office Building in Gardendale

      Retail or office building centrally located in Gardendale, Alabama.
      112 W Tarrant Drive, GARDENDALE, AL 35071
      View Details
    • $375,000
      1,800 SF

      High-Traffic Commercial Property Available

      Two commercial lots in high-growth area with leases in place.
      501 Tarrant Road, GARDENDALE, AL 35071
      View Details
    • $295,000
      2,790 SF

      Commercial Property with High Visibility

      Established commercial property with high traffic and multiple business opportunities.
      442 Tarrant Road, GARDENDALE, AL 35071
      View Details
    • $2,300,000
      44,264 SF

      Versatile Commercial Building on US-31

      Two-story, 44,264 SF commercial building on 5 acres.
      2405 Decatur Hwy, Gardendale, AL
      View Details
    • $5,027,000
      4,077 SF

      Modern Car Wash Investment Opportunity

      New 4,077 SF car wash property in Gardendale, Alabama.
      420 Fieldstown Rd, Gardendale, AL 35071
      View Details
    • $99,900
      820 SF

      Small Office Building For Sale

      Well-maintained 820 SF office building with business opportunities.
      718 Robin Drive, GARDENDALE, AL 35071
      View Details
    • $375,000

      GARDENDALE Retail Opportunity

      Two lots in high-traffic area with leases in place.
      501 TARRANT ROAD, GARDENDALE, AL 35071
      View Details
    • $2,300,000
      44,264 SF

      Versatile Commercial Building on US-31

      44,264 SF commercial building on 5 acres for sale.
      2405 Decatur Highway, GARDENDALE, AL 35071
      View Details
    • $199,999
      2,239 SF

      Church Building with Event Potential

      Well-maintained church with event space and venue opportunities.
      2436 Ebenezer Lane, GARDENDALE, AL 35071
      View Details
    • $69,900
      1,400 SF

      Home in Peach Tree Crossings

      Home with fireplace, updated flooring, and community pool access.
      3625 ASH PLACE, GARDENDALE, AL 35071
      View Details

    FAQs

    What type of property is this?
    Office units - Two commercial properties in a high-growth area, currently leased.
    Where is this office units located?
    The property is located at 501 Tarrant Road Gardendale, AL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: Two properties (501 & 505 Tarrant Road) included in the sale.; Both properties are currently occupied with leases in place, providing immediate rental income.; Located in a very high traffic and high growth area, ideal for business.
    (205) 614-1605
    We can help!
    Listing Contact
    Sherry Dalton
    Sherry Dalton
    Real Estate License ID: 107434
    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!