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    417 Chastain Blvd Glencoe, AL 35905

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    417 Chastain Blvd Glencoe, AL 35905

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    • Industrial properties
    • 1.20 lot acres
    For Sale
    $650,000
    View Listing →
    Glencoe Industrial Flex Space Investment For Sale
    $650,000

    Glencoe Industrial Flex Space Investment

    1.2 Acres, 16,080 SF Warehouse

    Gadsden, AL 35905
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 417 Chastain Blvd

    Year built
    1970
    Lot size
    1.20 lot acres
    Property type
    Industrial properties

    Description

    This exceptional investment opportunity encompasses a 1.2-acre property in Glencoe, Alabama, featuring a versatile blend of industrial and office space. The main structure boasts a substantial 16,080 square feet, strategically divided into five interconnected yet independent warehouse areas, providing flexibility for diverse operational needs. A dedicated 3,200 square foot equipment bay adds further functionality. A separate 1,200 square foot office space provides ample administrative area. The property presents itself as an excellent flex space investment, ideal for businesses requiring both warehouse and office accommodations. The existing equipment within the property is available for separate purchase, or can be included in the sale of the property. Note that the equipment's value is not factored into the listed price of $650,000. An adjacent vacant lot is also available for purchase, details of which can be found under a separate MLS listing (MLS ID: 21388874). This property offers significant potential for growth and return on investment. The address is 417 Chastain Boulevard West, Glencoe, AL.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Glencoe
    County
    Etowah
    State
    Alabama
    Longitude
    -85.9375
    Latitude
    33.9615

    Comparable in this City

    • Value Estimation by Request
      13,773 SF

      402 Websters Chapel Rd

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    • Value Estimation
      $675,000
      11,931 SF

      515 Gulfsteel Dr

      WAREHOUSE, STORAGE • 11,931 SF
      515 Gulfsteel Dr, Glencoe, AL 35905-1037
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    • Value Estimation
      $14,585,000
      173,768 SF

      215 Air Depot Rd

      DISTRIBUTION WAREHOUSE • 173,768 SF
      215 Air Depot Rd, Gadsden, AL 35905-1001
      View Details
    • Value Estimation by Request
      1,250 SF

      Main St

      WAREHOUSE, STORAGE • 1,250 SF
      Main St, Gadsden, AL 35905
      View Details
    • Value Estimation
      $650,000
      52,168 SF

      203 Websters Chapel Rd

      LIGHT INDUSTRIAL • 52,168 SF
      203 Websters Chapel Rd, Glencoe, AL 35905-7149
      View Details
    • Value Estimation by Request
      2,800 SF

      194 Gilberts Fry Rd

      WAREHOUSE, STORAGE • 2,800 SF
      194 Gilberts Fry Rd, Gadsden, AL 35905
      View Details

    Similar Nearby for Sale

    • $650,000
      1.20 Acres

      Glencoe Industrial Flex Space Investment

      1.2 Acres, 16,080 SF Warehouse
      417 Chastain Blvd, Glencoe, AL 35905
      View Details
    • $500,000
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      Glencoe Flex Space Opportunity

      16,080 SF flex space with office and warehouse areas.
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      View Details
    • $450,000
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    • $30,000
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      Vacant land in Glencoe, Alabama, suitable for residential construction.
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      Wooded Land in Glencoe, AL

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      Land For Sale, Gadsden, AL

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    Glencoe, AL 35905
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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
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