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

    00 Hwy 31 & Bonnieville Dr Calera, AL 35040

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1.95 Acres, B2 Zoning, High Traffic

    Property Features for 00 Hwy 31 & Bonnieville Dr

    General Information

    Property type
    Land
    Lot Size
    84,942 SF

    We can help!

    Listing Contact
    Ron Kilgo
    Ron Kilgo

    Listing Agency: Metro North dba Keller Williams Metro North Listing Agent: Ron Kilgo

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

    Learn more

    Overview

    This exceptional 1.95-acre commercial and industrial land parcel is ideally situated at the intersection of Hwy 31 and Bonnieville Drive in Calera, Alabama, zip code 35040. Boasting a prime location with high daily traffic flow, this property presents a multitude of development opportunities. The lot features 206 feet of road frontage and a depth of 417 feet, offering ample space for a variety of commercial ventures. Zoned B2, permitted uses could include storage facilities, retail establishments, or restaurants. The property is offered fee simple and has an APN of 35-1-02-0-001-004.013. A survey is readily available for review. This is a rare opportunity to acquire a strategically located parcel in a thriving area with significant potential for growth and return on investment. Don't miss this chance to secure a piece of Calera's commercial landscape. The asking price is $149,900.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Calera
    County
    Alabama
    State
    Alabama
    Longitude
    -86.749046751053
    Latitude
    33.085836070881

    Nearby Similar for Sale

    • $229,000
      0.43 Acres

      Calera Retail/Restaurant Opportunity

      Building for sale in up-and-coming Calera, Alabama.
      8930 Highway 25, Calera, AL 35040
      View Details
    • Contact for pricing
      0.67 Acres

      Historic Office Space in Calera

      Charming office space in a historic Calera landmark.
      1880 16Th St, Calera, AL 35040
      View Details
    • $2,500,000
      3,500 SF

      Calera Farm/Estate with Acreage

      Expansive 140+/- acre estate with a 3-bed, 4-bath home.
      181 County Rd, Calera, AL 35040
      View Details
    • $199,900
      Pending

      Commercial Property on Highway 31

      Operating carwash on Highway 31 in Calera, Alabama for sale.
      8081 Highway 31, Calera, AL 35040
      View Details
    • Contact for pricing
      18,340 SF

      Calera Industrial Park Opportunity

      9.11 acres with three buildings near I-65.
      100 Commercial Park Dr, Calera, AL 35040
      View Details
    • $675,000
      0.34 Acres

      Prime Calera Office Building Investment

      Two-suite office building, Hwy 31 frontage
      7950 Highway 31, Calera, AL 35040
      View Details
    • $425,000
      3.96 Acres

      Prime Calera Hwy 31 Business Lot

      High-traffic location, B2 zoning, 3.96 acres
      Highway 31, Calera, AL 35040
      View Details
    • $425,000
      3.61 Acres

      Calera Commercial Land - Hwy 31

      Prime Calera location, high traffic area. B2 Zoning.
      270 Tree Haven Ln, Calera, AL 35040
      View Details
    • $365,900
      3.06 Acres

      Calera Commercial Land Opportunity

      3.06 Acres, Build Your Business!
      Clearbrook Ln, Calera, AL 35040
      View Details
    • $109,900
      0.75 Acres

      High-Traffic Calera Commercial Lot

      B2 Zoned, High Visibility, I-65 Access
      7037 Highway 31, Calera, AL 35040
      View Details
    • $289,900
      3.50 Acres

      High-Visibility Calera Commercial Land

      M1 Zoned, 3.5 Acres, High Traffic
      Highway 16, Calera, AL 35040
      View Details
    • Contact for pricing
      968 SF

      Charming Townhouse in Calera's Waterford

      2 bed, 2 bath townhouse in desirable Waterford neighborhood.
      513 Waterford Lake Cir, Calera, AL 35040
      View Details

    FAQs

    What type of property is this?
    Land - 1.95 Acres, B2 Zoning, High Traffic
    Where is this land located?
    The property is located at 00 Hwy 31 & Bonnieville Dr Calera, AL.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: 1.95-acre commercial/industrial lot at Hwy 31 & Bonnieville Dr, Calera, AL (35040).; High-traffic location with 206 ft. of road frontage and 417 ft. depth.; B2 zoning allows for storage, retail, or restaurants.
    (205) 915-5044 Call to check price and availability
    Request Owner's contact information
    00 Hwy 31 & Bonnieville Dr Calera, AL 35040
    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.
    00 Hwy 31 & Bonnieville Dr
    Calera, AL 35040
    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
    00 Hwy 31 & Bonnieville Dr Calera, AL 35040
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ron Kilgo
    Ron Kilgo
    Real Estate License ID: 226540
    (205) 915-5044 (205) 694-0300
    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!