Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Celeste Rd Saraland, AL 36571

    Sponsored
    For Lease
    $0.84 SF/Yr

    Prime 1.36-acre corner lot in Saraland, AL.

    Lot size:
    43,560 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional 1.36-acre commercial land parcel presents a unique investment opportunity in the thriving city of Saraland, Alabama. Strategically located at the corner of Celeste Road and Saraland Loop, this property boasts high visibility and accessibility. Its prime location offers significant advantages, situated adjacent to the public library and directly across the street from the Rouse's Grocery Shopping Center, ensuring high foot traffic and convenient access for potential businesses. The single-tenant zoning allows for a variety of commercial uses, including office, retail, or retail-pad developments. The expansive lot size provides ample space for construction and ample parking. The property is designated as commercial land in Mobile County, Alabama, with a zip code of 36571. This location offers easy access to major transportation routes, making it an ideal site for businesses seeking convenient access for employees and customers. The property's proximity to established businesses and community amenities makes it an attractive option for a wide range of commercial ventures. This is a rare opportunity to acquire a highly visible and well-located commercial property in a rapidly growing area. The potential for development is significant, making this an excellent investment for both short-term and long-term growth.

    Property Features for 0 Celeste Rd

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    43,560 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    43,560 SF
    Rate per SF
    $0.84

    We can help!

    Listing Contact
    Chris Harle
    Chris Harle

    Learn more

    Property Insight Report

    HighLights

    • 1.36‑acre vacant land for lease in Saraland, AL.
    • Suitable for office or retail development.
    • High‑visibility corner lot at Celeste Road and Saraland Loop, near Rouse's and the public library.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Saraland
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0699033
    Latitude
    30.8245245

    Nearby Similar for Lease

    • $575 /Mo
      540 SF

      Saraland Office Suite - 540 SF

      Modern Office Space, Great Location
      207 Shelton Beach Rd, Saraland, AL 36571
      View Details
    • $6 SF/Yr
      86,500 SF

      Saraland Warehouse with River Access

      86,500 SF warehouse with 12 docks in secure location.
      248 Jacintoport Blvd, Saraland, AL 36571
      View Details
    • $1,500 /Mo
      3,250 SF

      Saraland Retail Space Available

      End cap retail space in high-traffic Saraland location.
      209 Saraland Ave, Saraland, AL 36571
      View Details
    • Contact for pricing
      62,400 SF

      Saraland Retail Space Available

      Publix-anchored storefront in Saraland, AL.
      21 Shell St, Saraland, AL 36613
      View Details
    • $8 SF/Yr
      98,600 SF

      Saraland Warehouse - 98,600 SF

      Large warehouse, ideal distribution, Saraland, AL
      252 Jacintoport Blvd, Saraland, AL 36571
      View Details
    • $12 SF/Yr
      4,225 SF

      Saraland Retail Space Available

      Prime 4,225 SF Retail Suite in Saraland, AL
      96 - 124 Saraland Loop, Saraland, AL 36571
      View Details
    • $10 SF/Yr
      8,000 SF

      Saraland Retail Space - 8,000 SF

      High-traffic Saraland retail space available.
      96 - 124 Saraland Loop, Saraland, AL 36571
      View Details
    • $7 SF/Yr
      2,125 SF

      Saraland Warehouse with Office Space

      2,125± SF warehouse with office near Highway 43.
      206 Saraland Blvd S, Saraland, AL 36571
      View Details
    • $2,000 /Mo
      1,800 SF

      Saraland Office Space Available

      1800 sq ft office, private parking.
      14 Ferry Ave, Saraland, AL 36571
      View Details
    • $700 /Mo
      675 SF

      Saraland Retail Space - Suite D

      High-traffic retail space, 675 sq ft.
      207 Shelton Beach Rd, Saraland, AL 36571
      View Details
    • $28 SF/Yr
      1,404 SF

      Saraland Retail Space - 1404 SF

      Prime Saraland retail space, NNN lease. High-traffic location.
      1016 industrial park, Saraland, AL 36571
      View Details
    • Contact for pricing
      38,668 SF

      Retail Space in Saraland Center

      Retail space available in redeveloped shopping center near Industrial Parkway.
      947 Saraland Blvd S, Saraland, AL 36571
      View Details

    FAQs

    What type of property is this?
    Individual retail property - Prime 1.36-acre corner lot in Saraland, AL.
    Where is this individual retail property located?
    The property is located at Celeste Rd Saraland, AL.
    What is the lease rate?
    The lease rate is $0.84 SF/Yr.
    What are key features of this property?
    This property features: 1.36-acre vacant land for lease in Saraland, AL.; Suitable for office or retail development.; High-visibility corner lot at Celeste Road and Saraland Loop, near Rouse's and the public library.
    Request Owner's contact information
    Celeste Rd Saraland, AL 36571
    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.
    Celeste Rd
    Saraland, AL 36571
    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
    Celeste Rd Saraland, AL 36571
    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
    Chris Harle
    Chris Harle
    Real Estate License ID: AL 105180
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.