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    1503 Al-19 Red Bay, AL 35582

    • Self storage facilities
    • 10,100 SF
    • 1.19 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Self storage facilities

    Property Details for 1503 Al-19

    Lot size
    1.19 lot acres
    Property size
    10,100 SF
    Property type
    Self storage facilities

    Description

    This exceptional self-storage facility in Red Bay, Alabama, presents a compelling value-add investment opportunity. Boasting 10,100 square feet and 82 units across a 1.19-acre lot, this single-story property offers significant upside potential. Currently generating a NOI of $41,556, representing a 10.01% cap rate, pro forma projections indicate a substantial increase to $48,597 NOI and an 11.71% cap rate. The property is conveniently situated at 1503 AL-19 in Franklin County, Alabama, zip code 35582, benefiting from its location in a growing market bordering Mississippi. The facility is managed remotely, enhancing operational efficiency. Priced at $415,000, this translates to $41.09 per square foot and $5,060.98 per unit, making it an attractive proposition for investors seeking strong returns. The property's strategic location and potential for revenue growth make it an ideal addition to any investment portfolio, offering both immediate income and long-term appreciation prospects. This is a rare opportunity to acquire a well-positioned self-storage facility in a thriving market.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Red Bay
    County
    Franklin
    State
    Alabama
    Longitude
    -88.1369
    Latitude
    34.4202

    Comparable in this City

    • Value Estimation
      $760,000
      56,000 SF

      Golden Rd

      DISTRIBUTION WAREHOUSE • 56,000 SF
      Golden Rd, Red Bay, AL 35582
      View Details
    • Value Estimation
      $900,000
      40,730 SF

      3rd S Ave

      MANUFACTURING (LIGHT) • 40,730 SF
      3rd S Ave, Red Bay, AL 35582
      View Details
    • Value Estimation
      $845,000
      96,675 SF

      3rd W St

      MANUFACTURING (LIGHT) • 96,675 SF
      3rd W St, Red Bay, AL 35582
      View Details
    • Value Estimation
      $645,000
      7,200 SF

      9th W St

      WAREHOUSE, STORAGE • 7,200 SF
      9th W St, Red Bay, AL 35582
      View Details
    • Value Estimation by Request
      2,400 SF

      Co Hwy 11

      MANUFACTURING (LIGHT) • 2,400 SF
      Co Hwy 11, Red Bay, AL 35582
      View Details
    • Value Estimation by Request
      5,000 SF

      1st N St

      DISTRIBUTION WAREHOUSE • 5,000 SF
      1st N St, Red Bay, AL 35582
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
      0.64 Acres

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    1503 Al-19
    Red Bay, AL 35582
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    Realmo Value Estimation

    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.

    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.

    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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