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    10305 Co Rd Lexington, AL 35648

    For Sale
    $599,000

    48,000 SF Warehouse, Flexible Options

    Property size:
    48,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents two warehouse buildings totaling 48,000 square feet on a 5.4-acre lot in Lexington, Alabama. Located in the North Alabama metroplex, just 22 miles from Florence, this Class B multi-tenant property offers significant flexibility. Building A encompasses 38,740 square feet, while Building B offers 9,500 square feet. The property features two dock-high doors and ample three-phase power, along with sewer access. The buildings boast a variety of roof heights, catering to diverse storage needs. The expansive lot size allows for potential future expansion. Currently, month-to-month tenants generate over $6,000 in gross monthly income, with the option to convert leases to long-term agreements. The asking price is $599,000, translating to $12.48 per square foot. Built in 1981, this owner-user property is offered for sale with a leaseback option, providing a unique opportunity for immediate income generation and future growth. The property's address is 10305 Co Rd 51, Lexington, AL 35648, and the APN is 02-05-15-3-001-011.000. This is an ideal property for an investor seeking a strong return on investment with the potential for long-term growth and income.

    Property Features for 10305 Co Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    48,000 SF
    Class
    B
    Lot Size
    235,224 SF

    Building Details

    Year Built
    1981
    Buildings
    2

    HighLights

    • Two‑building campus offers flexible space options.
    • 48,000 square feet of warehouse space.
    • Three‑phase power available.
    • Sewer connection on‑site.
    • 5.4‑acre lot allows for future expansion.
    • Located 22 miles from Florence, AL.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Lexington
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.3682396
    Latitude
    34.9625199

    Nearby Comparable

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    FAQs

    What type of property is this?
    Distribution property - 48,000 SF Warehouse, Flexible Options
    Where is this distribution property located?
    The property is located at 10305 Co Rd Lexington, AL.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: Two-building campus offers flexible space options.; 48,000 square feet of warehouse space.; Three-phase power available.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    10305 Co Rd Lexington, AL 35648
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