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    40 Red Hill Rd Baileyton, AL 35019

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    40 Red Hill Rd Baileyton, AL 35019

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    • Commercial real estate
    • 6.20 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • E & E Coatings Paint Co / Factory / Chemical Plant

    Property Details for 40 Red Hill Rd

    Year built
    1900
    Lot size
    6.20 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 6.2-acre commercial property in Baileyton, Alabama, presents a unique investment opportunity. The site boasts four existing metal buildings, offering significant adaptable space for various commercial, industrial, or warehouse uses. Building sizes include one 40x100 foot structure, one 50x60 foot structure, one 60x150 foot structure, and another 50x60 foot structure. The largest building (60x150 feet) is equipped with water, restroom facilities, and a septic tank, providing immediate utility for certain operations. The property also features twenty large liquid storage tanks, ready for repurposing. Electric and water services are readily available on-site. While the buildings currently lack sprinkler systems, this presents an opportunity for future upgrades tailored to specific tenant needs. One building near the entrance is already set up as a fully stocked maintenance shop, offering immediate functionality. This property's size, existing infrastructure, and versatile nature make it an ideal candidate for a wide range of commercial ventures. The location in Baileyton provides convenient access to transportation routes and offers significant potential for growth and development. Priced at $700,000, this property represents a compelling investment in a thriving Alabama market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Baileyton
    County
    Cullman
    State
    Alabama
    Longitude
    -86.6003
    Latitude
    34.2754

    Comparable in this City

    • Value Estimation by Request
      2,696 SF

      1031 Smt Rd

      COMMERCIAL (GENERAL) • 2,696 SF
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    • Value Estimation by Request
      9,020 SF

      13600 Al Hwy 69th N

      STORE/OFFICE (MIXED USE) • 9,020 SF
      13600 Al Hwy 69th N, Baileyton, AL 35019-9379
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    • Value Estimation by Request
      3,243 SF

      Schoolhouse Rd

      OFFICE BUILDING • 3,243 SF
      Schoolhouse Rd, Baileyton, AL 35019
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    • Value Estimation by Request
      833 SF

      Mar Hwy 67

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 833 SF
      Mar Hwy 67, Baileyton, AL 35019
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    • Value Estimation by Request
      900 SF

      10779 Al Hwy 69th N

      BARBER, HAIR SALON • 900 SF
      10779 Al Hwy 69th N, Baileyton, AL 35019-1570
      View Details
    • Value Estimation by Request
      1,600 SF

      County Rd 1570

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,600 SF
      County Rd 1570, Baileyton, AL 35019
      View Details

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    40 Red Hill Rd
    Baileyton, AL 35019
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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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