Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6391 Alexandria Jacksonville Hwy Jacksonville, AL 36265
    Property profile & analytics

    6391 Alexandria Jacksonville Hwy, Jacksonville, AL 36265

    View on Map
    • Industrial properties
    • 8.90 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 6391 Alexandria Jacksonville Hwy

    Year built
    1940
    Lot size
    8.90 lot acres
    Property type
    Industrial properties

    Description

    This exceptional 8.9-acre industrial property in Jacksonville, Alabama, presents a significant investment opportunity. The main house boasts 3200 square feet of living space, featuring hardwood floors, a spacious living room with a wood-burning fireplace, four bedrooms, and two full bathrooms. A full basement offers additional living space, a second kitchen, and a storm shelter, providing ample room for expansion or additional rental units. The property also includes a three-bay garage and a barn, offering versatile storage and workshop space. Currently generating income from eight tenant-occupied rental units – three mobile homes and five tiny homes – this property offers immediate cash flow. The existing infrastructure is complemented by a pond situated on the expansive acreage. The wooded area at the rear of the property provides significant potential for future expansion of the existing rental units, allowing for increased revenue generation. This turnkey operation is ready for a new owner to capitalize on its existing income and substantial growth potential. The property is located at 6391 Alexandria Jacksonville Highway, Jacksonville, AL. The asking price is $635,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.793
    Latitude
    33.7946

    Comparable in this City

    • Value Estimation
      $895,000
      36,742 SF

      1111 Bear Blvd

      REFINERY, PETROLEUM PRODUCTS
      1111 Bear Blvd, Jacksonville, AL 36265-3396
      View Details
    • Value Estimation by Request
      10,058 SF

      1350 Francis W St

      REFINERY, PETROLEUM PRODUCTS
      1350 Francis W St, Jacksonville, AL 36265-2031
      View Details
    • Value Estimation by Request
      2,600 SF

      3468 Post Oak Rd

      WAREHOUSE, STORAGE
      3468 Post Oak Rd, Jacksonville, AL 36265
      View Details
    • Value Estimation by Request
      5,400 SF

      30 Smith Cir

      MINI-WAREHOUSE, STORAGE
      30 Smith Cir, Jacksonville, AL 36265
      View Details
    • Value Estimation
      $505,000
      24,686 SF

      Vlg SW Pkwy

      MANUFACTURING (LIGHT)
      Vlg SW Pkwy, Jacksonville, AL 36265
      View Details
    • Value Estimation
      $770,000
      71,512 SF

      Alexander Ave

      HEAVY MANUFACTURING
      Alexander Ave, Jacksonville, AL 36265
      View Details

    Similar Nearby for Sale

    • $735,000

      Industrial Portfolio Near Jacksonville State

      Two industrial properties totaling 104,950 SF on 6.37 acres.
      421 Alexandria Rd SW, Jacksonville, AL 36265
      View Details
    • Contact for pricing
      60,688 SF

      Industrial and Warehouse Facility

      Prime industrial and warehouse facility in Jacksonville, Alabama.
      915 Francis St W, Jacksonville, AL 36265
      View Details
    • $932,000

      Industrial Warehouse Facility in Jacksonville

      44,368 SF industrial/warehouse facility near Jacksonville State University.
      921 Francis St, Jacksonville, AL 36265
      View Details
    • Contact for pricing
      1.01 Acres

      Wooded Lot Ready For Home

      1.01 acre wooded lot ready for your dream home.
      Alexandria Jacksonville Hwy, Jacksonville, AL 36265
      View Details
    • Contact for pricing
      0.41 Acres

      Heavily Wooded Lot Near Jacksonville

      Secluded, gently sloping, wooded lot near Jacksonville State University.
      Tallassee Trl, Jacksonville, AL 36265
      View Details
    • Contact for pricing
      9,648 SF

      High-Traffic Retail Investment Opportunity

      2.80-acre parcel with two essential service providers.
      1052 Pelham Rd S, Jacksonville, AL 36265
      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.
    6391 Alexandria Jacksonville Hwy
    Jacksonville, AL 36265
    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
    6391 Alexandria Jacksonville Hwy, Jacksonville, AL, 36265
    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!