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

    801 Us Highway 31 Bay Minette, AL 36507

    Sponsored
    For Lease
    $5 SF/Yr

    750,000 SF Multi-Use Industrial Space

    Lot size:
    750,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    414
    This expansive 750,000 square foot industrial property, located at 801 Highway 31 in Bay Minette, Alabama, presents a unique investment opportunity. The property boasts a diverse range of uses, including manufacturing, flex space, warehousing, distribution, and research & development, making it suitable for a variety of businesses. Currently, 100,000 square feet of space is available for lease. The building features ceiling heights ranging from 24 to 42 feet, providing ample vertical space for various operational needs. Fourteen dock-high doors ensure efficient loading and unloading of goods. The property's strategic location offers exceptional accessibility, situated directly on Highway 31, just seven miles from Interstate 65 and less than sixteen miles from Interstate 10, providing convenient access to major transportation arteries. The property is identified by APN 05-23-05-16-3-001-073.000 and is located in Baldwin County, Alabama, zip code 36507. This multi-tenant property offers significant potential for businesses seeking a large-scale industrial space in a prime location with excellent highway access. The property's versatility and strategic location make it an ideal choice for companies requiring substantial space and convenient transportation links. Inquire today to learn more about this exceptional opportunity.

    Property Features for 801 Us Highway 31

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    750,000 SF
    Total Rate
    312500

    Unit(s) available at that property

    Space
    Suite North Side
    Size
    100,000 SF
    Rate per SF
    $5

    We can help!

    Listing Contact
    Pete Riehm
    Pete Riehm

    Learn more

    Property Insight Report

    HighLights

    • 100,000 SF warehouse space available for lease in the north section.
    • Ideal industrial space suitable for manufacturing, flex, warehousing, distribution, and R&D.
    • Clear heights ranging from 24' to 42'.
    • 14 dock‑high loading doors.
    • Public warehousing services available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Bay Minette
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.7783317
    Latitude
    30.8691333

    Nearby Comparable

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    Nearby Similar for Lease

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      90,000 SF Warehouse For Lease

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    FAQs

    What type of property is this?
    Individual retail property - 750,000 SF Multi-Use Industrial Space
    Where is this individual retail property located?
    The property is located at 801 Us Highway 31 Bay Minette, AL.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: 100,000 SF warehouse space available for lease in the north section.; Ideal industrial space suitable for manufacturing, flex, warehousing, distribution, and R&D.; Clear heights ranging from 24' to 42'.
    Request Owner's contact information
    801 Us Highway 31 Bay Minette, AL 36507
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    Bay Minette, AL 36507
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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
    801 Us Highway 31 Bay Minette, AL 36507
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    We can help!
    Listing Contact
    Pete Riehm
    Pete Riehm
    Real Estate License ID: AL 000090093
    Learn more
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