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    The Largest CRE Database in the US with Over 1 Million Listings

    Bibb Garrett Ln Tanner, AL 35671

    Sponsored
    For Sale
    $9,375,000

    High-growth area, prime commercial land.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional 9,375,000 USD commercial land parcel presents a unique investment opportunity in a rapidly expanding region of Alabama. Strategically located at the intersection of Interstate 65 and Bibb-Garrett Road, this property enjoys unparalleled access to major transportation arteries, connecting Decatur, Huntsville, and Athens. Its proximity to Huntsville (just 15 minutes west) places it within the heart of a booming economic zone, fueled by significant industrial growth. The site is a mere 10 minutes from the new Toyota plant, further solidifying its position in a thriving manufacturing and logistics hub. The property's location on Bibb-Garrett Lane in Limestone County, Tanner, Alabama (zip code 35671, latitude 34.6352056, longitude -86.9155203) is further enhanced by planned road improvements to Bibb-Garrett Road, promising increased traffic flow and enhanced visibility. This prime location makes it ideal for businesses seeking distribution centers, logistics operations, or other commercial ventures capitalizing on the area's robust growth trajectory. The property's size and location offer significant potential for substantial returns, making it an attractive investment for discerning buyers seeking exposure to one of Alabama's most dynamic commercial markets. This is a rare opportunity to acquire land in a high-demand location poised for continued expansion.

    Property Features for 0 Bibb Garrett Ln

    General Information

    Property type
    Land

    We can help!

    Listing Contact
    Richard Smith

    Learn more

    HighLights

    • 9,375,000 USD commercial land parcel in rapidly expanding Limestone County, Alabama.
    • Prime location at I‑65 and Bibb‑Garrett Road, providing excellent access to Decatur, Huntsville, and Athens.
    • 15 minutes from Huntsville and 10 minutes from the new Toyota plant, within a booming economic zone.
    • Located on Bibb‑Garrett Lane in Tanner, AL (35671), with planned road improvements enhancing visibility and access.
    • Ideal for distribution centers, logistics, or other commercial ventures.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Tanner
    County
    Limestone
    State
    Alabama
    Longitude
    -86.9155203
    Latitude
    34.6352056

    Nearby Comparable

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      Mooresville Commercial Land & Building

      6 Acres, 4,000 SF Building, High Visibility
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      1,280.00 Acres

      Tanner Land: 1,280 Acres

      Alabama commercial land, ideal for manufacturing.
      Tanner AL Mooresville And Garrett Rds, Tanner, AL 35671
      View Details
    • Contact for pricing

      Limestone County Development Land

      457 Acres Near I-65, Unrestricted Zoning
      0 Fennell Rd, Tanner, AL 35671
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    Nearby Similar for Sale

    • Contact for pricing
      139,905 SF

      Park 565 Industrial Campus

      306,000 SF Industrial Space For Sale
      23275 Bibb Garrett Rd, Tanner, AL 35671
      View Details

    FAQs

    What type of property is this?
    Land - High-growth area, prime commercial land.
    Where is this land located?
    The property is located at Bibb Garrett Ln Tanner, AL.
    What is the asking price?
    The asking price for this property is $9,375,000.
    What are key features of this property?
    This property features: 9,375,000 USD commercial land parcel in rapidly expanding Limestone County, Alabama.; Prime location at I-65 and Bibb-Garrett Road, providing excellent access to Decatur, Huntsville, and Athens.; 15 minutes from Huntsville and 10 minutes from the new Toyota plant, within a booming economic zone.
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    Bibb Garrett Ln Tanner, AL 35671
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    Tanner, AL 35671
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    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
    Bibb Garrett Ln Tanner, AL 35671
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    We can help!
    Listing Contact
    Richard Smith
    Real Estate License ID: Al 103510014
    Learn more
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