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    16054 Us-280 Chelsea, AL 35043

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    For Lease
    Contact for pricing

    High-traffic retail space in Chelsea, AL

    Lot size:
    37,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    Chelsea Crossings, located at 16054 US-280 in Chelsea, Alabama (zip code 35043), offers exceptional retail opportunities within a thriving neighborhood center. This 37,850 square foot shopping center boasts a prime location directly across from a Super Walmart, ensuring high visibility and substantial foot traffic. An estimated 32,460 vehicles pass by daily, providing excellent exposure for businesses. The property is classified as a multi-tenant retail space, specifically a strip center, and currently has 9,082 square feet of vacant space available. Flexible lease options are available, accommodating spaces ranging from a minimum of 1,400 square feet to a maximum contiguous space of 4,188 square feet. This makes Chelsea Crossings ideal for a variety of retail businesses seeking a prominent location with high traffic counts and ample space to suit their needs. The property's strategic positioning on Highway 280 in a densely populated area guarantees a strong customer base and significant potential for growth. Interested parties are encouraged to inquire about available spaces and lease terms. This is a rare opportunity to establish a presence in a high-demand retail location within a bustling community.

    Property Features for 16054 Us-280

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,850 SF

    Unit(s) available at that property

    Space
    Suite 1500
    Size
    1,400 SF
    Space
    Suite 1600
    Size
    1,400 SF

    We can help!

    Listing Contact
    Paul Stead

    Learn more

    HighLights

    • Chelsea Crossings, a 37,850 SF neighborhood shopping center in Chelsea, AL (35043), offers retail space on US‑280.
    • Strong tenant mix with national and local retailers.
    • High visibility across from a Walmart Supercenter, with 30,168 vehicles passing daily.
    • Benefits from traffic generated by Walmart and nearby outparcels (Wendy's, Sonic, Regions Bank, medical office).
    • Available space is white‑boxed, with flexible lease options from 1,400 SF to 4,188 SF contiguous.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Map

    City
    Chelsea
    County
    Shelby
    State
    Alabama
    Longitude
    -86.681253
    Latitude
    33.4165524

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic retail space in Chelsea, AL
    Where is this neighborhood center located?
    The property is located at 16054 Us-280 Chelsea, AL.
    What are key features of this property?
    This property features: Chelsea Crossings, a 37,850 SF neighborhood shopping center in Chelsea, AL (35043), offers retail space on US-280.; Strong tenant mix with national and local retailers.; High visibility across from a Walmart Supercenter, with 30,168 vehicles passing daily.
    Request Owner's contact information
    16054 Us-280 Chelsea, AL 35043
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    Chelsea, AL 35043
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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
    16054 Us-280 Chelsea, AL 35043
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    We can help!
    Listing Contact
    Paul Stead
    Real Estate License ID: ALAL
    Learn more
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