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    Us Hwy 31 & Whaley Rd Coalburg, AL 35068
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    Us Hwy 31 & Whaley Rd Coalburg, AL 35068

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    • Land
    • 0.52 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Us Hwy 31 & Whaley Rd

    Lot size
    0.52 lot acres
    Property type
    Land
    Property subtype
    Retail space

    Description

    This exceptional 0.52-acre commercial pad site presents a remarkable build-to-suit opportunity in Fultondale, Alabama. Strategically located at the intersection of US Highway 31 and Whaley Road, this property boasts excellent visibility and road frontage, ensuring high traffic exposure. The site is ideally situated adjacent to a new Dollar Tree currently under construction, further enhancing its desirability and potential for synergistic business growth. The surrounding area is anchored by a robust retail landscape, including major national brands such as Target, Lowe's, Books-A-Million, Logan's Roadhouse, Sephora, Starbucks, Aldi, and Chick-fil-A, among many others. This established retail corridor guarantees a strong customer base and significant foot traffic. With a daily traffic count of 21,476 vehicles on Decatur Highway, this location offers unparalleled access to a large and diverse consumer demographic. The property's location in Jefferson County, Alabama, and its proximity to Coalburg, further solidifies its strategic position within a thriving commercial market. This is an exceptional opportunity for businesses seeking a high-impact location with significant growth potential. The 0.52-acre lot provides ample space for a variety of commercial developments, making it an ideal investment for both established businesses and new ventures. Don't miss this chance to secure a prime location in a rapidly developing area. The zip code is 35068.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Coalburg
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.7979
    Latitude
    33.6042

    Comparable in this City

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    • Value Estimation
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      1205 Decatur Hwy

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      218,214 SF

      3452 Lowery Pkwy

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    • Value Estimation
      $1,630,000
      10,231 SF

      1535 Decatur Hwy

      RETAIL STORES (PERSONAL SERVICES) • 10,231 SF
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      18.00 Acres

      65 Fulton Rd

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      Land For Sale

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      Land For Sale

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      0.98 Acres

      Land in Peaceful Fultondale Neighborhood

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      Land Available For Sale

      Land available for sale.
      907 Decatur Hwy, Fultondale, AL 35068
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    • $974,000
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      Fultondale Commercial Building For Sale

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    Similar Nearby for Lease

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      1,267 SF

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      1,440 SF

      Retail Space in Fultondale Center

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      1600 Main St, Fultondale, AL 35068

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      1600 Main St, Fultondale, AL 35068
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      Fultondale Promenade Retail Space

      Retail spaces available for lease in Fultondale Promenade.
      3452 Lowery Pkwy, Fultondale, AL 35068
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    Us Hwy 31 & Whaley Rd
    Coalburg, AL 35068
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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.

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