2020-Built
For Sale
$440,000
65 New Venture Way, Alabaster, AL 35007
Warehouse property completed in 2020.
Property Size4,000 SF
Days on Market55
Property Features for 65 New Venture Way
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Industrial
Building Details
Building Size
4,000 SF
Year Built
2020
Listing Agency:
Longleaf Realty Partners, LLC
Listed By:
Champ Stewart · License #0001462860
(205) 879-3733
Source:
Longleafrealestate
Added: Aug 23
Changed: Oct 4
Last Checked: Oct 14 at 10:01PM
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 Longleaf Realty Partners, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property was completed in 2020 and is located at 65 New Venture Way in Alabaster, Alabama 35007.
Key Highlights
- Built in 2020
- Located at 65 New Venture Way, Alabaster, AL 35007
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,252
Cap Rate
4.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,040
$405.0K
Cap Rate 7%
$289,314
$289.3K
Cap Rate 9%
$225,022
$225.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$26.2K $6.56/SF
− Vacancy
−$2.4K −$0.60/SF
EGI
$23.8K $5.96/SF
− OpEx
−$3.6K −$0.89/SF
NOI
$20.3K $5.06/SF
Area
Shelby County, AL
Vacancy
9.20%
Lease Rate
$6.56 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,040
Cap Rate 7%
$289,314
Cap Rate 9%
$225,022
Alternative Uses
Best Use
Warehouse
$289.3K
$253.2K – $337.5K
NOI $20,252 @ 7.0% cap · market cap 4.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$938.9K
$821.5K – $1.10M
NOI $65,722 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35007, AL
28,274
Population
10,634
Households
2.7
Avg Household Size
38
Median Age
38%
College-Educated
92%
High-School Grad
39.0 sq mi
ZIP Area
725
Density / Sq Mi
$86,994
Median Household Income
$47,572
Median Earnings
$1,348
Median Rent
$231,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Frequently Asked Questions
What type of property is this?
Warehouse - Warehouse property completed in 2020.
Where is this warehouse located?
The property is located at 65 New Venture Way Alabaster, AL.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Built in 2020; Located at 65 New Venture Way, Alabaster, AL 35007
