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    Two-Building Industrial Property Title is generated by Realmo AI

    1490 Gravel Ridge Road, Somerville, AL 35670

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    Claim this Listing
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    For Sale
    $439,000

    COMMERCIAL - Somerville, AL

    Property size:
    3,440 SF
    Lot size:
    2.50 Acres
    Price / SF:
    $127/SF
    Added:
    Jun 4, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 4 at 7:06 pm

    Property Features for 1490 Gravel Ridge Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Standard status
    Active
    APN
    10 05 22 0 000 005.008
    Size
    3,440 SF
    Lot size
    2.50 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    Building Details

    Year built
    2014
    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal

    We can help!

    Listing Contact
    Dianne Barrett
    Dianne Barrett

    Listing agent Dianne Barrett License #102849

    Listing office Coldwell Banker Mcmillan 1906 Central Parkway SW, Decatur, AL

    Listing date Jun 4, 2026

    MLS# 21919914

    Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Business‑ready 2.5‑acre property with two metal buildings and a concrete loading pad
    • Building One: 2,400 SF insulated metal building on a concrete slab with restroom and 2 commercial‑grade roll up doors plus entry door
    • Building Two: 1,040 SF metal building with concrete slab, 1 commercial‑grade roll up door, and entry door
    • Concrete loading pad and multi roll up doors for loading and vendor access
    • Large frontage on three sides per tax plat: Upper River Road 734.68', From Gravel Ridge 282.84', Curry Chapel 485.03'
    • Metal roof, concrete flooring; public water and septic tank sewer

    Overview

    The property is a business-ready industrial site on 2.5 acres featuring two metal buildings and a concrete loading pad. Building One totals 2,400 square feet and includes insulation, a concrete slab, a restroom, two commercial-grade roll-up doors, and an additional entry door. Building Two totals 1,040 square feet with a concrete slab, one commercial-grade roll-up door, and one entry door.

    Access and yard space are supported by large frontage on three sides, with frontage lengths provided per the tax plat for Upper River Road, Gravel Ridge, and Curry Chapel. The layout is suited for vendor access and straightforward staging around the loading pad and multiple roll-up doors.

    This configuration can support businesses needing multiple work areas or operators sharing a common yard while maintaining separate roll-up access points. The combination of insulated space in Building One, restroom service, and commercial-grade door availability makes the site practical for a range of light industrial and warehouse-style uses, with room for growth on the existing acreage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Electrical Service Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Somerville
    County
    Morgan
    State
    Alabama
    Longitude
    -86.726716
    Latitude
    34.505196

    FAQs

    What type of property is this?
    Warehouse - Business-ready industrial site with two metal buildings, insulated space, and concrete loading pad for flexible operations.
    Where is this warehouse located?
    The property is located at 1490 Gravel Ridge Road Somerville, AL.
    What is the asking price?
    The asking price for this property is $439,000.
    What are key features of this property?
    This property features: Business‑ready 2.5‑acre property with two metal buildings and a concrete loading pad; Building One: 2,400 SF insulated metal building on a concrete slab with restroom and 2 commercial‑grade roll up doors plus entry door; Building Two: 1,040 SF metal building with concrete slab, 1 commercial‑grade roll up door, and entry door
    (256) 303-2947
    We can help!
    Listing Contact
    Dianne Barrett
    Dianne Barrett
    Real Estate License ID: 102849
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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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