Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    143 Cor Cobbs Frd Rd & Al Hwy Millbrook, AL 36054
    Property profile & analytics

    143 Cor Cobbs Frd Rd & Al Hwy, Millbrook, AL 36054

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

    Current Use by Public Records

    • Land

    Property Details for 143 Cor Cobbs Frd Rd & Al Hwy

    Lot size
    1.17 lot acres
    Property type
    Land

    Description

    This exceptional 1.17-acre commercial parcel presents a remarkable investment opportunity in Millbrook, Alabama. Strategically located at the northwest corner of Cobbs Ford Road and AL Highway 143, this property boasts excellent visibility and accessibility, making it ideal for a variety of commercial ventures. Currently undeveloped, the land is zoned B-2 (Business), allowing for a wide range of uses, including retail, commercial, or office development. The asking price is $152,000, translating to a land value of $2.98 per square foot. This represents a compelling value proposition for developers seeking a high-traffic location in a growing community. The property offers immediate possession, allowing for swift project commencement. Given its prime location and flexible zoning, this site is poised for significant return on investment. The address is NW Corner Cobbs Ford Road & AL Hwy 143, Millbrook, AL 36054, situated in Elmore County. Don't miss this chance to secure a highly visible and versatile commercial property 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
    Millbrook
    County
    Elmore county
    State
    Alabama
    Longitude
    -86.3865
    Latitude
    32.4602

    Comparable in this City

    • Value Estimation by Request
      7.20 Acres

      Main St @ Coosada Rd

      Land
      0 Main St @ Coosada Rd, Coosada, AL 36054
      View Details
    • Value Estimation by Request
      85.95 Acres

      I-65 Highway 14

      Land
      I-65 Highway 14, Prattville, AL 36054
      View Details
    • Value Estimation by Request
      1.80 Acres

      540 Deatsville Hwy

      Land
      540 Deatsville Hwy, Millbrook, AL 36054
      View Details
    • Value Estimation by Request
      7.60 Acres

      Monument Dr

      Land
      0 Monument Dr, Millbrook, AL 36054
      View Details
    • Value Estimation by Request
      16.00 Acres

      143 Main St

      Land
      143 Main St, Millbrook, AL 36054
      View Details
    • Value Estimation by Request

      Millbrook Crossings

      Land
      0 Millbrook Crossings, Millbrook, AL 36054
      View Details

    Similar Nearby for Sale

    • $38,500
      0.62 Acres

      Land For Sale, Millbrook, AL

      Land available in Millbrook, Alabama.
      Cantabury Ln, Millbrook, AL 36054
      View Details
    • Contact for pricing
      7,459 SF

      Land in Millbrook, Alabama

      Land for sale in an excellent Millbrook location.
      540 Deatsville Hwy, Millbrook, AL 36054
      View Details
    • $3,980,264
      17.69 Acres

      Highway Frontage Investment Property

      17.69 acres with highway frontage in a fast-growing corridor.
      2400 Highway 14, Millbrook, AL 36054
      View Details
    • $1,295,910
      1.75 Acres

      Commercial Land Near 17 Springs

      1.75 acre commercial lot near upcoming 17 Springs project.
      2600 Highway 14, Millbrook, AL 36054
      View Details
    • Contact for pricing

      Commercial Land on Highway 14

      Commercial property on Highway 14 in Millbrook, Alabama.
      3963 Highway 14, Millbrook, AL 36054
      View Details
    • $2,800,000
      10.00 Acres

      Land For Sale Millbrook, AL

      Corner lot land available in Millbrook, Alabama.
      Highway 14, Millbrook, AL 36054
      View Details

    Similar Nearby for Lease

    • $3,980,250
      770,576 SF

      Highway 14 Commercial Investment Property

      Investment property with highway frontage in growing Millbrook corridor.
      2400 Highway 14, Millbrook, AL 36054
      View Details
    • Contact for pricing

      Millbrook Multi-Tenant Commercial Building

      Versatile commercial space in high-demand Millbrook location.
      2314 Wall St, Millbrook, AL 36054
      View Details
    • Contact for pricing

      Office Space Available for Rent

      Office space for rent at Alabama 14 & Kelley Blvd.
      Alabama 14 & Kelley Blvd, Millbrook, AL 36054
      View Details
    • Contact for pricing
      2,400 SF

      Millbrook Commercial Property on Main

      Versatile commercial property with excellent visibility and flexible layout.
      2221 Main St, Millbrook, AL 36054
      View Details
    • Contact for pricing

      Retail Space in Millbrook, AL

      Retail space available in a growing Millbrook location.
      Alabama 14 & Kelley Blvd, Millbrook, AL 36054
      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.
    143 Cor Cobbs Frd Rd & Al Hwy
    Millbrook, AL 36054
    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

    Thank You for Inquiry
    143 Cor Cobbs Frd Rd & Al Hwy, Millbrook, AL, 36054
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!