Remodeled Home with Large Metal
For Sale
$340,000
16423 John Bauer Road, Summerdale, AL 36580
Remodeled home with a 1600 sq ft metal building.
Property Size2,443 SF
Lot Size1.00 Acre
Price / SF$139.17
Days on Market116
Property Features for 16423 John Bauer Road
General Information
Standard status
Active
Size
2,443 SF
Lot size
1.00 Acre
Property subtype
Single Family-Detached
Amenities
Electric
3
Tile, Wood
Dishwasher, Electric Range/Cooktop
Composition Shingle
Full
Fenced Yard.
2 Carports.
Building Details
Year Built
1952
Listing Agency:
(251) 620-4069
Listed By:
World Impact Real Estate
(251) 233-7462
Source:
Xome
Added: May 6
Changed: Aug 25
Last Checked: Aug 29 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 World Impact Real Estate
Investment Insights
Based on property information with market context.
This remodeled home features a large second bedroom, a hobby room, a living room, and a big family room. Recent upgrades include a new roof, a new large back deck, and remodeled bathrooms, along with new floors. The property includes a 1600 square foot metal building equipped with electric and lights, featuring two double garage doors and one single garage door. Situated on over an acre, the fenced property offers privacy and ample space. Seller is offering 5,000 towards closing costs or rate buy down with acceptable offer. The property size is 2443 square feet.
Key Highlights
- 1600 sq ft metal building with 2 double and 1 single garage door, electric, and lights.
- Seller offering $5,000 towards closing costs or rate buydown.
- Recently remodeled including new roof, new large back deck, remodeled baths, and new floors.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,420
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$308,400
$308.4K
Cap Rate 7%
$220,286
$220.3K
Cap Rate 9%
$171,333
$171.3K
Market Conditions
NOI Build-Up for 2,443 SF
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.
Gross rent
$19.1K $7.80/SF
− Vacancy
−$915 −$0.37/SF
EGI
$18.1K $7.43/SF
− OpEx
−$2.7K −$1.11/SF
NOI
$15.4K $6.31/SF
Area
Baldwin County, AL
Vacancy
4.80%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$308,400
Cap Rate 7%
$220,286
Cap Rate 9%
$171,333
Alternative Uses
Best Use
Warehouse
$220.3K
$192.8K – $257.0K
NOI $15,420 @ 7.0% cap · market cap 4.54%
Second Best
Industrial
$172.3K
$150.8K – $201.0K
NOI $12,062 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$587.5K
$514.1K – $685.4K
NOI $41,124 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
15
Businesses Nearby
Explore this area
Business Placement
Demographics for 36580, AL
6,663
Population
2,932
Households
2.3
Avg Household Size
41
Median Age
20%
College-Educated
79%
High-School Grad
52.6 sq mi
ZIP Area
127
Density / Sq Mi
$59,138
Median Household Income
$32,456
Median Earnings
$1,043
Median Rent
$238,000
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Ranch - Remodeled home with a 1600 sq ft metal building.
Where is this ranch located?
The property is located at 16423 John Bauer Road Summerdale, AL.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: 1600 sq ft metal building with 2 double and 1 single garage door, electric, and lights.; Seller offering $5,000 towards closing costs or rate buydown.; Recently remodeled including new roof, new large back deck, remodeled baths, and new floors.**
