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    Industrial Land Development Site Title is generated by Realmo AI

    1460 MILES STREET lot 000, Dolomite, AL 35061

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    Picture of Industrial land at 1460 MILES STREET lot 000, Dolomite, AL
    For Sale
    $65,250

    LAND - DOLOMITE, AL

    Lot size:
    9.00 Acres
    Added:
    Mar 26, 2025
    Days on Market:
    435
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for 1460 MILES STREET lot 000

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    I2
    Standard status
    Active
    APN
    30-00-16-4-006-001.000
    Lot size
    9.00 Acres

    Taxes and HOA fees

    Tax Description
    COM AT THE SW COR OF SE4 TH E 860 FT TO POB TH NW 90 FT TH N 990 FT TH E 400 FT TH SE 1060 FT TH W 250 FT TO POB SEC 16 TP 18 R 4W

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Anthony Arnone

    Listing agent Anthony Arnone

    Listing office Keller Williams Metro South 224 1st Street N Ste 225, Alabaster, AL

    Listing date Mar 26, 2025

    MLS# 21413536 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Public water available
    • Located about 1 block off Pleasant Grove Road

    Overview

    This listing offers an approximately 9-acre land parcel in Jefferson County with I2 zoning. The property is presented as a development site, with available remarks indicating flexibility for industrial use and potential residential development subject to applicable approvals. An attached property is also available for sale, which may be useful for buyers looking to expand beyond this lot.

    The parcel is located about one block off Pleasant Grove Road, providing a straightforward setting for development within the established I2 district. The site is marketed for buyers evaluating land planning options, including whether industrial development or a residential pathway better fits their goals.

    For prospective tenants, buyers, or investors, the primary consideration is the zoning framework and the land’s development-use potential. Because the record highlights both industrial and possible residential development, this parcel may appeal to developers and land strategists who want a single tract with I2 zoning and nearby access to Pleasant Grove Road while evaluating feasibility through the proper permitting and approval process.
    Property Profile Location Intelligence

    Current Use by Public Records

    Industrial land

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Dolomite
    County
    Shelby
    State
    Alabama
    Longitude
    -86.958991
    Latitude
    33.467648

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      Land For Sale

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    FAQs

    What type of property is this?
    Industrial land - 9-acre I2-zoned parcel near Pleasant Grove Road, suitable for industrial uses and possible residential development.
    Where is this industrial land located?
    The property is located at 1460 MILES STREET lot 000 Dolomite, AL.
    What is the asking price?
    The asking price for this property is $65,250.
    What are key features of this property?
    This property features: Public water available; Located about 1 block off Pleasant Grove Road
    (205) 821-8020
    We can help!
    Listing Contact
    Anthony Arnone
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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
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