Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3860 Hwy Springville, AL 35146

    • Industrial properties
    • 5.90 lot acres
    For Sale
    View listing
    $990,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 3860 Hwy

    Year built
    2000
    Lot size
    5.90 lot acres
    Property type
    Industrial properties

    Description

    This exceptional 5.9-acre industrial property in Springville, Alabama, presents a unique investment opportunity with immense potential. The property boasts four existing buildings, each offering distinct features and possibilities. Site work has already been completed for a future structure exceeding 8,000 square feet, providing ample room for expansion. The main building offers a blank canvas for creative design, potentially adaptable into a residential home. Features across the buildings include cypress shiplap, a mechanic/oil changing pit, 30-amp plugs, two 18-foot roll-up doors, and 220V plugs. All buildings are constructed on concrete slab foundations with steel frames. The property benefits from 400-amp underground utilities. Little Canoe Creek flows year-round along the property's rear, adding a unique natural element. Its strategic location offers easy access to I-59 and I-20, enhancing its commercial viability. The property's versatility lends itself to a wide range of uses, including landscaping, dog boarding/grooming, veterinary clinics, wineries, or simply a tranquil residential setting. This property is situated in unincorporated St. Clair County, offering a blend of rural charm and convenient accessibility. The property's unique character and potential make it a truly exceptional opportunity. A private showing is highly recommended to fully appreciate its potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Springville
    County
    St Clair
    State
    Alabama
    Longitude
    -86.4459
    Latitude
    33.7761

    Comparable in this City

    • Value Estimation by Request
      6,000 SF

      6371 Main St

      Distribution properties • 6,000 SF
      6371 Main St, Springville, AL 35146
      View Details
    • Value Estimation
      $305,000
      11,440 SF

      Springville, AL 35146

      DISTRIBUTION WAREHOUSE • 11,440 SF
      Springville, AL 35146
      View Details
    • Value Estimation
      $790,000
      131,634 SF

      5398 Us Hwy 11

      MANUFACTURING (LIGHT) • 131,634 SF
      5398 Us Hwy 11, Springville, AL 35146-6306
      View Details
    • Value Estimation
      $1,320,000
      35,670 SF

      Springville, AL 35146

      MANUFACTURING (LIGHT) • 35,670 SF
      Springville, AL 35146
      View Details
    • Value Estimation
      $225,000
      4,172 SF

      20348 Us Hwy 411

      WAREHOUSE, STORAGE • 4,172 SF
      20348 Us Hwy 411, Springville, AL 35146-5359
      View Details
    • Value Estimation
      $260,000
      5,400 SF

      Marietta St

      MINI-WAREHOUSE, STORAGE • 5,400 SF
      Marietta St, Springville, AL 35146
      View Details

    Similar Nearby for Sale

    • $875,000
      5.90 Acres

      Unique Industrial Property with Creek

      Versatile industrial property with multiple buildings and development potential.
      3860 Hwy 174, Springville, AL 35146
      View Details
    • $990,000
      5.90 Acres

      Springville Industrial Property - 5.9 Acres

      Versatile Industrial Property w/ 4 Buildings & Creek
      3860 Hwy, Springville, AL 35146
      View Details
    • Contact for pricing
      2.50 Acres

      Springville, AL Walmart Outparcel

      High-traffic 2.5-acre commercial land.
      0 Springville Sta, Springville, AL 35146
      View Details
    • $350,000
      0.56 Acres

      Prime Location in Springville

      Cleared land on Main Street, ready for development.
      6178 Hwy 11, Springville, AL 35146
      View Details
    • $35,000
      0.98 Acres

      Vacant Lot in Karen Lee Estates

      0.98 acre vacant lot in serene Karen Lee Estates.
      45 Joshua Way, Springville, AL 35146
      View Details
    • $115,000
      4.60 Acres

      Springville Acreage with Creek Border

      4.6 acres of level pasture land near I-59.
      Hwy 174, Springville, AL 35146
      View Details
    Request Owner's contact information
    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.
    3860 Hwy
    Springville, AL 35146
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.