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    1 Unit Alabaster, AL 35007

    • Commercial real estate
    • 1.47 lot acres
    For Sale
    View listing
    $160,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1 Unit

    Lot size
    1.47 lot acres
    Property type
    Commercial real estate

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Alabaster
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8158
    Latitude
    33.2449

    Comparable in this City

    • Value Estimation by Request
      0.92 Acres

      9240 Highway 119

      Land • 0.92 Acres
      9240 Highway 119, Alabaster, AL 35007
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    • Value Estimation by Request
      1.20 Acres

      Cv Dr

      Commercial real estate • 1.20 Acres
      Cv Dr, Alabaster, AL 35007
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    • Value Estimation by Request
      1.10 Acres

      119 & Fulton Spg Rd

      Land • 1.10 Acres
      119 & Fulton Spg Rd, Alabaster, AL 35007
      View Details
    • Value Estimation by Request
      3.00 Acres

      Alabaster, AL 35007

      COMMERCIAL (GENERAL) • 3.00 Acres
      Alabaster, AL 35007
      View Details
    • Value Estimation by Request
      2,500 SF

      Alabaster, AL 35007

      COMMERCIAL (GENERAL) • 2,500 SF
      Alabaster, AL 35007
      View Details
    • Value Estimation by Request
      61,602 SF

      30 Smith Trl

      COMMERCIAL (GENERAL) • 61,602 SF
      30 Smith Trl, Alabaster, AL 35007-5289
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.27 Acres

      Alabaster, AL Outparcels Near Publix

      High-traffic retail land near I-65.
      0 Fulton Springs Rd, Alabaster, AL 35007
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    • $160,000
      1.47 Acres

      1 Unit, Alabaster, AL 35007

      Commercial real estate • 1.47 Acres
      1 Unit, Alabaster, AL 35007
      View Details
    • $395,000
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      Alabaster Commercial Land - Hwy 119

      High-visibility lot, excellent location.
      123 Highway 119, Alabaster, AL 35007
      View Details
    • $250,000
      1.20 Acres

      Alabaster Daycare Land Opportunity

      1.2-Acre Daycare Site, Zoned Ready
      Cv Dr, Alabaster, AL 35007
      View Details
    • $485,000

      Hwy 119 Commercial Land - Alabaster

      Prime Alabaster commercial lot, B-3 zoning.
      8249 Highway 119, Alabaster, AL 35007
      View Details
    • $4,800,000
      7.30 Acres

      High-Visibility Alabaster Corner Lot

      7.3 Acres, B-3 Zoning, $4.8M
      10052 Highway 119, Alabaster, AL 35007
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Alabaster Retail Land - Build to Suit

      High-traffic 2.11-acre retail site near Shelby Baptist.
      566 1St St, Alabaster, AL 35007
      View Details
    • $24 SF/Yr
      2,658 SF

      Alabaster Medical Office Space For Lease

      Prime Medical Office, Abundant Parking
      1022 1St St, Alabaster, AL 35007
      View Details
    • $9 SF/Yr
      20,000 SF

      Alabaster Retail/Warehouse Space

      ±14,000 SF Retail & Warehouse Available
      349 1St St, Alabaster, AL 35007
      View Details
    • Contact for pricing
      16,800 SF

      Alabaster Office Space Available

      16,800 SF Office Building, 2,000 SF Vacant
      1614 Kent Dairy Rd, Alabaster, AL 35007
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    • $24 SF/Yr
      19,854 SF

      Hillside Medical Plaza: Alabaster, AL

      A-Class Medical Office Space Available
      224 1St St, Alabaster, AL 35007
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    • $21 SF/Yr
      10,706 SF

      Prime Medical Office Space in Alabaster

      10,706 SF Medical Building, Suites Available
      122 7Th Ave, Alabaster, AL 35007
      View Details
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    Alabaster, AL 35007
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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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