1923 Co Rd Alabaster, AL 35124
This exceptional 2.02-acre property, located at 1923 Co Rd 68 in Pelham, Alabama (zip code 35124), presents a unique investment opportunity. Situated in a high-traffic area along Pelham Parkway (Highway 31), experiencing 33,000 vehicles daily, this land boasts significant visibility and accessibility. The property's APN is 13-7-25-3-001-012.000 and is offered at an asking price of $175,000. The land is zoned for both B2 Special District and RG Residential Garden Homes, providing flexibility for a variety of development possibilities. This fee simple ownership offers a clear title and complete control. The location within Shelby County, Alabama, offers proximity to Alabaster and other key areas. Given the high traffic count and dual zoning, this parcel presents a compelling opportunity for developers seeking a strategic location with diverse development potential. The land value is $200,000 per square foot. Serious inquiries are encouraged to explore the full potential of this prime commercial and residential land.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.