Agricultural Warehouse with
19101 East Greenwood Road Summerdale, AL 36580
19101 East Greenwood Road, Summerdale, AL, 36580
$650,000
For Sale
$650,000
Nearly 20-acre cleared, level farmland includes a 5,000-square-foot warehouse with four coil doors and an on-site apartment.
Property Size5,000 SF
Lot Size20.00 Acres
Price / SF$130
Days on Market509
Property Features for 19101 East Greenwood Road
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 20.00 Acres
- Property subtype
- Land / Land
Listing agency
Wellhouse Real Estate West, LLC
(251) 769-1320
Listed by
Abbie Woddail · License #164937-1
(251) 769-1320
Source
Compass
Added: Feb 27, 2025 Updated: Jul 21 at 6:43AM Checked: Jul 21 at 6:43AM
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 Wellhouse Real Estate West, LLC
Investment Insights
Based on property information with market context.
The property includes cleared, level farmland and established blueberry production, along with a large chicken coop. A 5,000-square-foot warehouse features a large open work area with two 1/2 bathrooms and four coil doors, with two on each side for convenient access. The upper level provides expansive storage, with the space described as offering potential for customization.
An attached 1,000-square-foot apartment includes windows throughout, a spacious dine-in kitchen, a full bathroom, a generously sized bedroom, and a living area. Buyer diligence is required to verify information regarding land use, utilities, and zoning.
The seller notes the buyer should verify all details during due diligence. The property is offered for sale and was described as formerly a Satsuma farm, presenting multiple potential uses based on the existing improvements and agricultural components.
An attached 1,000-square-foot apartment includes windows throughout, a spacious dine-in kitchen, a full bathroom, a generously sized bedroom, and a living area. Buyer diligence is required to verify information regarding land use, utilities, and zoning.
The seller notes the buyer should verify all details during due diligence. The property is offered for sale and was described as formerly a Satsuma farm, presenting multiple potential uses based on the existing improvements and agricultural components.
Key Highlights
- Nearly 20‑acre cleared, level farmland in Baldwin County, Alabama
- 5,000‑SF warehouse with four coil doors (two on each side) plus an on‑site apartment
- Warehouse features a large open work area and two 1/2 bathrooms
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.0k | $19.20 |
| − Vacancy | −$18.2k | −$3.65 |
| EGI | $77.8k | $15.55 |
| − OpEx | −$19.4k | −$3.89 |
| NOI | $58.3k | $11.66 |
5,000 SF · lease $19.20/SF/yr · vacancy 19.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$833.1K
$729.0K – $972.0K
NOI $58,320 @ 7.0% cap · market cap 8.97%
Second Best
Mixed Use
$661.7K
$579.0K – $772.0K
NOI $46,322 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $84,168 @ 7.0% cap · market cap 12.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Agricultural land / Farmland - Nearly 20-acre cleared, level farmland includes a 5,000-square-foot warehouse with four coil doors and an on-site apartment.
Where is this agricultural land / farmland located?
The property is located at 19101 East Greenwood Road Summerdale, AL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Nearly 20‑acre cleared, level farmland in Baldwin County, Alabama; 5,000‑SF warehouse with four coil doors (two on each side) plus an on‑site apartment; Warehouse features a large open work area and two 1/2 bathrooms
