Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    401 Bingham Ave Ozark, AL 36360

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $900,000

    113,600 Sq. Ft. vacant warehouse on 10 acres.

    Property size:
    113,600 SF
    Lot size:
    10.00 Acres

    Property Features for 401 Bingham Ave

    General Information

    Standard status
    Active
    Zoning
    L-I
    Size
    113,600 SF
    Lot size
    10.00 Acres

    Building Details

    Year built
    1974

    We can help!

    Listing Contact
    Shannon Auty
    Shannon Auty
    Source: Crexi

    Listing Agency: NAI TALCOR Listing Agent: Shannon Auty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Vacant Manufacturing/Distribution Warehouse on 10-Acres

    This is a value-add opportunity to acquire a vacant 113,600 square foot former manufacturing and distribution warehouse situated on a 10-acre lot. Constructed in 1974 with additions completed in 1980, the building features 725 feet of frontage on Bingham Avenue. The building is subdivided into 5 warehouse components, previously utilized for cold storage. The property includes an enclosed loading dock and office space, along with an additional 24x48 mobile office located in the rear. The building will be sold as-is.
    Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center

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

    Similar Places Nearby

    Mini Storage Rental Center

    Location Insight

    • Map
    • Local Demand
    City
    Ozark
    County
    Dale
    State
    Alabama
    Longitude
    -85.621887
    Latitude
    31.453581

    Nearby Similar for Sale

    • $949,000
      Pending

      Ozark Commercial Property For Sale

      Highly visible commercial property in a thriving retail area of Ozark.
      1396 Us Highway 231, Ozark, AL 36360
      View Details
    • $289,900
      5,000 SF

      Ozark Commercial Property on Hwy 231

      Versatile commercial building with high visibility and highway frontage.
      7642 Us Highway 231, Ozark, AL 36360
      View Details
    • $339,900
      Pending

      Ozark Commercial Building For Sale

      5445 SF brick building near Dale Medical Hospital.
      145 Katherine Ave, Ozark, AL 36360
      View Details
    • $970,000

      Ozark AL Commercial Property

      Commercial property in Ozark, Alabama, featuring three buildings.
      1518 Andrews Ave, Ozark, AL 36330
      View Details
    • $549,999
      1.76 Acres

      Turnkey Restaurant Opportunity on 231

      Successful, award-winning steakhouse on 1.76 acres along 231 South.
      8370 Us Highway 231 South, Ozark, AL 36360
      View Details
    • $299,900
      1.17 Acres

      Commercial Building on Major Highway

      Over 11,000 sq ft commercial building between Ozark and Ft. Rucker.
      5879 Andrews Ave, Ozark, AL 36360
      View Details
    • $509,000
      1.76 Acres

      Restaurant Opportunity on US Highway

      Turnkey restaurant with gift shop on 1.76 acres.
      8370 Us Highway 231 South, Ozark, AL 36360
      View Details
    • $850,000
      960 SF

      Ozark Townhome Portfolio Investment

      Ten townhome units in Ozark, AL with strong rental potential.
      467 Eufaula St & Depot Ln, Ozark, AL 36360
      View Details
    • $189,000

      Daycare Opportunity in Ozark, AL

      Commercial property currently operating as a daycare for sale.
      1889 Andrews Ave, Ozark, AL 36360
      View Details
    • Contact for pricing

      Midtown Plaza Retail Opportunity

      90,783 SF shopping center with high visibility on Highway 231.
      1548 South Us Highway 231, Ozark, AL 36360
      View Details
    • $949,000

      Ozark Commercial Property For Sale

      6,556 SF building on 1.63 acres in thriving retail area.
      1396 S 231, Ozark, AL 36360
      View Details
    • $495,000
      1.00 Acre

      Ozark Commercial Building - Hwy 231

      Prime Ozark location, high-traffic highway frontage.
      1148 Us Highway 231, Ozark, AL 36360
      View Details

    FAQs

    What type of property is this?
    Warehouse - 113,600 Sq. Ft. vacant warehouse on 10 acres.
    Where is this warehouse located?
    The property is located at 401 Bingham Ave Ozark, AL.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Vacant 113,600 Sq. Ft. warehouse on 10 acres offers significant value-add potential.; - Subdivided into 5 warehouse components, suitable for diverse uses.; - Includes enclosed loading dock and office space.
    (334) 406-1161
    Request Owner's contact information
    401 Bingham Ave Ozark, AL 36360
    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.
    401 Bingham Ave
    Ozark, AL 36360
    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
    401 Bingham Ave Ozark, AL 36360
    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

    We can help!
    Listing Contact
    Shannon Auty
    Shannon Auty
    Real Estate License ID: 139611
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!