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    485 Bishop St Fort Deposit, AL 36032

    For Sale
    $1,400,000

    Alabama Industrial Property: 47,550 SF, $1.4M

    Property size:
    47,550 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This 47,550-square-foot manufacturing facility, located at 485 Bishop Street in Fort Deposit, Alabama (36032), is offered for sale at $1,400,000. Built in 1989, this single-story, Class C industrial building sits on a 196,020-square-foot lot (APN: 26-05-21-0-001-012-002-0) and features two loading docks and two dock-high doors. The property is currently vacant and offered as an owner-user opportunity with a NNN lease type. The pro-forma cap rate is 12.00%, yielding a pro-forma NOI of $168,000. The asking price per square foot is $29.44. The building is well-insulated, previously climate-controlled, and equipped with sprinkler systems and airline runs throughout, making it easily adaptable for various manufacturing uses or as economical warehouse space. Situated minutes from I-65, this location offers access to Greenville, Montgomery, and Mobile metro markets, as well as Hyundai Motor Manufacturing. Fort Deposit boasts a readily available workforce and a supportive local government. The low cost of living and doing business in this charming community present a compelling investment opportunity.

    Property Features for 485 Bishop St

    General Information

    Property type
    Manufacturing properties
    Square Feet
    47,550 SF
    Class
    C

    Building Details

    Year Built
    1989
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    RANDY'S WRECKER & COLLISION ... Towing Service

    Suggested Use

    Wholesale Shop Auto Repair Shop Department Store Kitchen & Bath Discount Store Wine and Liquor Store Home Appliance Store Arcade & Gaming Center Toy Store Dry Cleaner

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Deposit
    County
    Lowndes
    State
    Alabama
    Longitude
    -86.5658256
    Latitude
    31.9947595

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    Nearby Similar for Sale

    • $299,000
      9,069 SF

      Former Bank Building For Sale

      Former Cadence Bank with easy access to major highways.
      307 E Jones St, Fort Deposit, AL 36032
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    FAQs

    What type of property is this?
    Manufacturing property - Alabama Industrial Property: 47,550 SF, $1.4M
    Where is this manufacturing property located?
    The property is located at 485 Bishop St Fort Deposit, AL.
    What is the asking price?
    The asking price for this property is $1,400,000.
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    485 Bishop St Fort Deposit, AL 36032
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    Realmo Value Estimation

    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.

    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.

    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
    485 Bishop St Fort Deposit, AL 36032
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