Add Listing
    For Lease
    • 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

    102 Al-59 Summerdale, AL 36580

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    18,000 SF Warehouse/Retail Space in Alabama

    Lot size:
    18,000 SF

    Property Features for 102 Al-59

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,000 SF
    Total Rate
    18000

    Building Details

    Buildings
    1

    Spaces For Lease

    at 102 Al-59, Summerdale, AL 36580 Contact us
    Unit

    $15 /Mo

    Size
    17,500 SF
    Contact us

    We can help!

    Listing Contact
    Chris Harle
    Chris Harle

    Listing Agency: White-Spunner Realty Listing Agent: Chris Harle

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

    Learn more

    Overview

    This exceptional 18,000-square-foot industrial property, located at 102 AL-59 in Summerdale, Alabama (zip code 36580), presents a unique opportunity for businesses seeking versatile warehouse and retail space. The single-tenant building boasts a prime location with direct frontage on Highway 59, ensuring high visibility and convenient access. The building's interior offers a spacious layout, ideal for various uses. The dimensions are approximately 148 feet 6 inches by 118 feet 6 inches, providing ample room for storage and operations. The clear span height reaches 15 feet in the center, while the south eave height is 12 feet 4 inches and the north eave height is 9 feet. The property includes one loading dock and one drive-in door for efficient loading and unloading. This renovated warehouse/retail space is ready for immediate occupancy and offers a blend of functionality and prime location. The property is classified as both industrial and retail, making it suitable for a wide range of businesses. Truck access is available at the rear of the building. This is a single-building property. Don't miss this chance to secure a strategically located and well-designed commercial space in the thriving Summerdale market.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    Summerdale
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.708307358842
    Latitude
    30.486967937582

    Nearby Similar for Lease

    • $5 SF/Yr
      33,348 SF

      Summerdale Warehouse with Laydown Yard

      Large warehouse with laydown yard and three-phase power available.
      501 Sandborn Rd E, Summerdale, AL
      View Details
    • Contact for pricing
      22,535 SF

      Retail Showroom Space Available

      Large retail showroom space available January 2024.
      100 Hwy, Summerdale, AL
      View Details
    • $15 SF/Yr
      17,500 SF

      Summerdale Retail/Office Warehouse

      Highway 59 space, flexible lease options.
      102 State Highway 59 S, Summerdale, AL 36580
      View Details
    • Contact for pricing
      17,500 SF

      Summerdale Retail Office/Warehouse Retrofit

      Retail office and warehouse space available for lease in Summerdale.
      102 State Highway 59 S, Summerdale, AL 36580
      View Details

    FAQs

    What type of property is this?
    Distribution property - 18,000 SF Warehouse/Retail Space in Alabama
    Where is this distribution property located?
    The property is located at 102 Al-59 Summerdale, AL.
    What is the lease rate?
    The lease rate is $15 SF/Yr.
    What are key features of this property?
    This property features: 18,000 SF industrial/retail building in Summerdale, AL (36580).; High-visibility location with Highway 59 frontage.; Fully conditioned space with one dock-high door and one drive-in door.
    (251) 234-7232 Call to check price and availability
    Request Owner's contact information
    102 Al-59 Summerdale, AL 36580
    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.
    102 Al-59
    Summerdale, AL 36580
    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
    102 Al-59 Summerdale, AL 36580
    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 Chris Harle
    Chris Harle
    Real Estate License ID: 105180
    (251) 234-7232 (251) 471-1000
    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!