Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    5620 Hwy 43 N Northport, AL 35473

    View on Map
    Claim this Listing
    For Sale
    $699,900

    LAND - Northport, AL

    Lot size:
    2.60 Acres
    Added:
    Apr 26, 2023
    Days on Market:
    1107
    Last Refresh:
    May 6 at 4:06 am

    Property Features for 5620 Hwy 43 N

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    20-09-32-3-003-010.000
    Lot size
    2.60 Acres

    Taxes and HOA fees

    Tax Description
    Beg Inter E Line Moores Bridge Road & W Line U.S. 43 S32 T20 R10, Ne 483(S) With U.S. 43 To Pob, Ne 210 With U.S. 43, W 210, Sw 210, E 210 To U.S. 43 & Pob. Section 32 Twp 20S Range 10W
    Tax Annual Amount
    369

    Building Details

    Year built
    1950

    We can help!

    Listing Contact
    Blake Corder

    Listing agent Blake Corder

    Listing office CORDER REAL ESTATE 1306 Queen City Ave, Tuscaloosa, AL

    Listing date Apr 26, 2023

    MLS# 156596

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

    Overview

    Northport Land For Sale

    This property features approximately 2.60 acres of land with 565 feet of frontage on Highway 43N. It is located approximately 2 miles from the Northport Civic Center in Northport, Alabama. The site is suitable for retail, office, warehouse, or mini-storage development. The property is also available for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Northport
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.60509
    Latitude
    33.264104

    Nearby Similar for Sale

    • $995,000
      4,200 SF

      Professional Office Building in Northport

      Well-appointed office building ideal for law, finance, or medical practices.
      5690 Watermelon Road, Northport, AL 35473
      View Details
    • $649,900
      3,427 SF

      Northport Car Wash For Sale

      Car wash on 0.70 acres, redevelopment opportunity available.
      12102 Hendrix Avenue, Northport, AL 35476
      View Details
    • $750,000
      4,020 SF

      Northport Medical/Office Building For Sale

      Versatile 4,020 SF building suitable for medical or office use.
      2401 Hospital Drive, Northport, AL 35476
      View Details
    • $300,000

      Highway Frontage Land in Northport

      3.14 acres of unzoned land with highway frontage.
      12172 Beard Road, Northport, AL 35473
      View Details
    • $5,000

      Northport Restaurant Business For Sale

      Established buffet restaurant with equipment and furniture included.
      1816 MCFARLAND BOULEVARD, NORTHPORT, AL 35476
      View Details
    • $829,900

      Northport Land with Development Potential

      4.3-acre parcel suitable for commercial or residential development.
      15712 HIGHWAY 69 N, Northport, AL 35475
      View Details
    • $415,000

      Northport Land with Lake Frontage

      Un-zoned land with highway frontage and lake access.
      Highway 43 N, Northport, AL 35475
      View Details
    • $250,000

      Northport Commercial Land Opportunity

      Three adjacent commercial lots near Tuscaloosa Airport in Northport, Alabama.
      4529 Robert Cardinal Airport Road, Northport, AL 35476
      View Details
    • $339,999

      Lake Tuscaloosa Waterfront Lot

      Build-ready 1.1-acre waterfront lot on Lake Tuscaloosa.
      71 Highpoint Cove, Northport, AL 35475
      View Details
    • $649,000

      Northport Land with Riverfront Views

      36.6 acres of riverfront land with commercial potential.
      HWY 43 N, Northport, AL 35475
      View Details
    • $269,900
      50,623 SF

      Northport Land with Road Frontage

      Corner lot in Riverfront Professional Park with utilities.
      1184 Rice Mine Road, Northport, AL 35476
      View Details
    • $975,000

      Northport Commercial Land For Sale

      Prime commercial land near University of Alabama with utilities.
      0 30th Avenue, Northport, AL 35476
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.60 acre commercial land with highway frontage in Northport.
    Where is this commercial land located?
    The property is located at 5620 Hwy 43 N Northport, AL.
    What is the asking price?
    The asking price for this property is $699,900.
    What are key features of this property?
    This property features: 2.60 +/- acres of land suitable for development.; Boasts 565ft of frontage on Highway 43N.; High‑traffic location approximately 2 miles from the Northport Civic Center.
    (205) 886-7415
    We can help!
    Listing Contact
    Blake Corder
    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

    Thank You for Inquiry
    5620 Hwy 43 N, Northport, AL 35473
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!