Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    10351 Co Rd Calera, AL 35040

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    10351 Co Rd Calera, AL 35040

    View on Map
    • Land
    • 2.47 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 10351 Co Rd

    Lot size
    2.47 lot acres
    Property type
    Land

    Description

    This exceptional 2.47-acre commercial land parcel presents a remarkable development opportunity in the thriving city of Calera, Alabama. Located at 10351 Co Rd 22, this flat lot boasts a highly desirable B2 zoning designation from the City of Calera, allowing for a diverse range of commercial uses. Its strategic location offers unparalleled accessibility, situated less than a mile from the I-65 Shelby County Airport exit, ensuring convenient access for businesses and their clientele. The property benefits from its proximity to key commercial developments, including the recently constructed BP gas station and the burgeoning Calera Commerce Park, indicating a robust and expanding local economy. This prime location promises significant growth potential and strong returns on investment. The lot itself is remarkably flat, simplifying development and minimizing site preparation costs. Furthermore, sewer access is readily available along Highway 22, providing essential infrastructure for any commercial venture. This exceptional property is priced at $300,000 and represents a rare opportunity to establish a thriving business in a rapidly growing area of Shelby County. Don't miss this chance to secure a piece of Calera's vibrant commercial landscape. The property's address is 10351 Co Rd 22, Calera, AL 35040.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Calera
    County
    Shelby
    State
    Alabama
    Longitude
    -86.7678
    Latitude
    33.149

    Comparable in this City

    • Value Estimation by Request
      410.17 Acres

      Calera AL 35040 Limestone Pkwy

      Land • 410.17 Acres
      Calera AL 35040 Limestone Pkwy, Calera, AL 35040
      View Details
    • Value Estimation by Request
      1.50 Acres

      George Roy Pkwy

      Land • 1.50 Acres
      0 George Roy Pkwy, Calera, AL 35040
      View Details
    • Value Estimation by Request
      1 SF

      Robert Thomas Dr

      Land • 1 SF
      0 Robert Thomas Dr, Calera, AL 35040
      View Details
    • Value Estimation by Request
      1.68 Acres

      31 At Crk 213

      Land • 1.68 Acres
      31 At Crk 213, Calera, AL 35040
      View Details
    • Value Estimation by Request
      3.60 Acres

      Us-31

      Land • 3.60 Acres
      0 Us-31, Calera, AL 35040
      View Details
    • Value Estimation by Request
      1.36 Acres

      4454 Us-31

      Land • 1.36 Acres
      4454 Us-31, Calera, AL 35040
      View Details

    Similar Nearby for Sale

    • $129,000
      11.20 Acres

      Calera Acreage Backing Waxahatchee Creek

      11.2 acres of natural beauty in Calera, Alabama.
      348 Seale Rd, Calera, AL 35040
      View Details
    • $85,000
      53.90 Acres

      Calera Commercial Land - 53.9 Acres

      Prime Commercial Land, B-2 Zoning, Alabama
      0 George Roy Pkwy, Calera, AL 35040
      View Details
    • Contact for pricing

      Land Ready for Development

      Land available for development off I-65, Exit 231.
      Highway 22, Calera, AL 35040
      View Details
    • Contact for pricing

      Land Available on Smokey Road

      Land for sale at 5800 Smokey Rd, Calera, AL
      5800 Smokey Rd, Calera, AL 35040
      View Details
    • $129,000

      Unincorporated Shelby County Land Parcel

      11.2 acre parcel backing to Waxahatchee Creek.
      348 Seale Rd, Calera, AL 35040
      View Details
    • Contact for pricing

      Land For Sale

      Land available for purchase.
      Highway 22, Calera, AL 35040
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Calera Distribution/Manufacturing Facility For Rent

      Distribution/light manufacturing facility in Shelby Commerce Park, Calera, Alabama.
      3536 Us-31, Calera, AL 35040
      View Details
    • Contact for pricing

      Rail-Served Production and Distribution Building

      Rail-served building suitable for production and distribution purposes.
      241 Commercial Park Cir, Calera, AL 35040
      View Details
    • Contact for pricing

      Calera Distribution Center For Rent

      Class A distribution center built in 2022, near I-65.
      240 George Roy Pkwy, Calera, AL 35040
      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.
    10351 Co Rd
    Calera, AL 35040
    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.
    Sign Up Successful!
    You now have access to more from Realmo!