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    Salco Rd & Hwy 43 Axis, AL 36505

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    For Sale
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    Large industrial land parcel, Hwy 43 corridor.

    Property Features for 0 Salco Rd & Hwy 43

    General Information

    Property type
    Self storage facilities
    Lot Size
    217,800 SF

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    Listing Contact
    Allan Cameron
    Allan Cameron

    Listing Agency: CRE Mobile Listing Agent: Allan Cameron

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

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    Overview

    This exceptional property offers up to approximately 227 acres of prime industrial land situated at the northwest corner of Salco Road (CR 84) and US Highway 43 in Axis, Alabama. The site boasts significant frontage along both roadways: approximately 2,750 linear feet on Highway 43 and 3,175 linear feet on Salco Road. This rare cross-street hard corner location is strategically positioned within the thriving Thyssenkrupp corridor, a prime area for industrial, chemical, and manufacturing facilities. The property's proximity to major infrastructure is a key advantage, including being only 22 miles from the Port of Mobile and benefiting from direct rail service to the port. Utilities are readily available, with sewer, water, gas, and power already in place, and the site is AT&T Fiber ready. The property is flat, dry, and divisible, making it suitable for a variety of uses. A significant development is planned, with an $8 million CEFCO store slated to open in 2024. This location offers excellent visibility and accessibility, making it an ideal site for large-scale industrial development or a retail/convenience store on the hard corner. The property is unzoned, offering flexibility for various development plans. The site is one of only two cross streets to Celeste Road, further enhancing its strategic location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Axis
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0423244
    Latitude
    30.9684619

    FAQs

    What type of property is this?
    Self storage facility - Large industrial land parcel, Hwy 43 corridor.
    Where is this self storage facility located?
    The property is located at Salco Rd & Hwy 43 Axis, AL.
    What are key features of this property?
    This property features: 220± acres available, divisible.; 2,750± feet of Highway 43 frontage and 3,175± feet of Salco Road frontage.; Prime hard corner lot in the Thyssenkrupp industrial corridor.
    (251) 438-4312 Call to check price and availability
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    Salco Rd & Hwy 43 Axis, AL 36505
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    Axis, AL 36505
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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
    Salco Rd & Hwy 43 Axis, AL 36505
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Allan Cameron
    Allan Cameron
    Real Estate License ID: 62858
    (251) 438-4312 (251) 751-9553
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