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    Versatile Land Near Industrial Hub Title is generated by Realmo AI

    Robinson St, Decatur, AL 35603

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    Land suitable for agriculture, commercial ventures, or residential development.

    Type:Land
    Added:
    Nov 15, 2024
    Days on Market:
    564
    Last Refresh:
    May 12 at 8:44 pm

    Property Features for Robinson St

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Emmette Barran
    Emmette Barran

    Listing agent Emmette Barran License #AL 000055740

    Listing office Gateway Commercial Brokerage

    Listing date Nov 15, 2024

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Gateway Commercial Brokerage

    HighLights

    • Proximity to major corporations like Amazon and Target creates potential business opportunities.
    • AG‑1 zoning supports agricultural and low‑density development.
    • Convenient access to Interstate 65 and airports facilitates transportation.
    • Potential for commercial ventures like warehousing with rezoning or permits.
    • Suitable for agricultural operations such as crop production and livestock farming.
    • Possible repurposing for residential development due to area employee influx.

    Overview

    This location presents a variety of potential uses, particularly given its AG-1 zoning, which generally supports agricultural and low-density development, though some areas allow for flexibility depending on local regulations. The site's proximity to major corporations and industrial areas, such as Amazon, Target, and Polaris, as well as nearby access to Interstate 65 and airports, makes it attractive for various purposes. Agricultural operations are well-suited due to the AG-1 zoning, including crop production, livestock farming, nurseries, and other agri-businesses. Commercial ventures may be possible through rezoning or special use permits for certain commercial developments, such as warehousing, storage facilities, or support services for nearby corporate operations like equipment rental or repair facilities. Residential development could also be considered, particularly if there is demand due to the influx of employees to the area. The location is also prime for businesses that benefit from rapid access to transportation routes, such as distribution centers or logistics hubs, especially considering the current demand from e-commerce businesses, due to its proximity to major highways and an interstate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.895527
    Latitude
    34.529495

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Land suitable for agriculture, commercial ventures, or residential development.
    Where is this agricultural land / farmland located?
    The property is located at Robinson St Decatur, AL.
    What is the asking price?
    The asking price for this property is $1,882,100.
    What are key features of this property?
    This property features: Proximity to major corporations like Amazon and Target creates potential business opportunities.; AG‑1 zoning supports agricultural and low‑density development.; Convenient access to Interstate 65 and airports facilitates transportation.
    (256) 355-0721 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Emmette Barran
    Emmette Barran
    Real Estate License ID: AL 000055740
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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
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    Robinson St, Priceville, AL 35603
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