Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    101 Aviators View Dr Alabaster, AL 35007

    Property Lookup

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

    101 Aviators View Dr Alabaster, AL 35007

    View on Map
    • Office properties & Spaces
    • 0.89 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Alabama Search And Rescue / Crisis Center / Advocacy Group
    • David W Barnes, CPA / Accounting Firm

    Property Details for 101 Aviators View Dr

    Year built
    2009
    Lot size
    0.89 lot acres
    Property type
    Office properties & Spaces

    Description

    This exceptional office space, located at 101 Aviators View Drive, Unit 6 in Alabaster, Alabama, presents a fantastic opportunity for businesses seeking a productive and comfortable work environment. Situated on a 0.89-acre lot, this well-maintained office boasts easy access to I-65, ensuring convenient commutes and client visits. The interior features spacious and well-maintained bathrooms, a kitchenette perfect for coffee breaks and light meals, and an outdoor picnic area providing a tranquil setting for lunch or relaxation. A conference room is available for daily rental, ideal for meetings and presentations. The property offers a functional and comfortable layout, designed to enhance productivity and employee well-being. This is a prime rental opportunity in a highly desirable location. The listed price is $375,000 (Note: Square footage is not provided in the original listing). Additional office spaces are also available. Don't miss this chance to secure your ideal workspace. Contact us today to arrange a viewing.

    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
    -86.7853
    Latitude
    33.1699

    Comparable in this City

    • Value Estimation by Request
      4,800 SF

      251 Buck Crk Plz Hwy

      Restaurants • 4,800 SF
      251 Buck Crk Plz Hwy, Alabaster, AL 35007
      View Details
    • Value Estimation by Request
      4,860 SF

      1007 Highway 31

      Individual retail properties • 4,860 SF
      1007 Highway 31, Alabaster, AL 35007
      View Details
    • Value Estimation by Request
      0.89 Acres

      101 Aviators View Dr

      Office properties & Spaces • 0.89 Acres
      101 Aviators View Dr, Alabaster, AL 35007
      View Details
    • Value Estimation by Request
      7,698 SF

      636 2Nd St

      Medical Office Space • 7,698 SF
      636 2Nd St, Alabaster, AL 35007
      View Details
    • Value Estimation by Request
      0.89 Acres

      101 Aviators View Dr

      Office properties & Spaces • 0.89 Acres
      101 Aviators View Dr, Alabaster, AL 35007
      View Details
    • Value Estimation by Request
      0.89 Acres

      101 Aviators View Dr

      Office properties & Spaces • 0.89 Acres
      101 Aviators View Dr, Alabaster, AL 35007
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.89 Acres

      Alabaster Office Space Near I-65

      Prime Office Space, Convenient Location, I-65 Access
      101 Aviators View Dr, Alabaster, AL 35007
      View Details
    • Contact for pricing
      0.89 Acres

      Alabaster Office Space Near I-65

      Prime Office Space, Convenient Location, I-65 Access
      101 Aviators View Dr, Alabaster, AL 35007
      View Details
    • Contact for pricing
      0.89 Acres

      Alabaster Office Space Near I-65

      Prime Office Space, Convenient Location, I-65 Access
      101 Aviators View Dr, Alabaster, AL 35007
      View Details
    • Contact for pricing

      Commercial Land with Highway Frontage

      Commercial land with road frontage and easy interstate access.
      1314 1St St N, Alabaster, AL 35007
      View Details
    • $195,000
      1,694 SF

      Commercial Lot in Alabaster

      Commercial lot suitable for retail, medical, or restaurant use.
      251 S 1St St, Alabaster, AL 35007
      View Details
    • Contact for pricing
      10,060 SF

      Medical Office Building For Sale

      Medical office building with immediate occupancy and long-term lease income.
      122 7Th Ave NE, Alabaster, AL 35007
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Medical Office Space Near Hospital

      Medical office space directly across from Baptist Shelby Medical Center.
      122 7Th Ave NE, Alabaster, AL 35007
      View Details
    • Contact for pricing

      Medical Mile Commercial Space

      Thriving healthcare and commerce hub in Alabaster's Medical Mile.
      224 1St St N, Alabaster, AL 35007
      View Details
    • Contact for pricing

      Alabaster Retail and Office Spaces

      Retail, office, and warehouse spaces available for lease in Alabaster.
      1614 Kent Dairy Rd, Alabaster, AL 35007
      View Details
    • $24 SF/Yr

      Medical Office Space Available

      Medical office space near Shelby Baptist Medical Center, move-in ready.
      1022 1St St North, Alabaster, AL 35007
      View Details
    • Contact for pricing

      Office Warehouse Opportunity For Rent

      Office and warehouse space available in a prime location.
      100 Gilbert Dr, Alabaster, AL 35007
      View Details
    • Contact for pricing

      Office Space Near Medical Center

      Office space for lease near Shelby Baptist Medical Center.
      1022 1St St North, Alabaster, AL 35007
      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.
    101 Aviators View Dr
    Alabaster, AL 35007
    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!