Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    17993 Al-18 Berry, AL 35546
    Back to Search
    Property profile & analytics

    17993 Al-18, Berry, AL 35546

    View on Map
    • Retail properties & Spaces
    • 7,958 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 17993 Al-18

    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional retail opportunity presents a 7,958-square-foot storefront located at 17993 AL-18 in Berry, Alabama, zip code 35546. The property is a single-tenant space, previously occupied by a Family Dollar store, offering immediate occupancy for a new business. The entire building is currently vacant, providing a blank canvas for a prospective tenant to customize the space to their specific needs. The building's size and layout are ideal for a variety of retail uses, benefiting from high visibility and accessibility due to its location on AL-18. The property's address is easily identifiable and convenient for customers. With a total square footage of 7,958 square feet, this space offers ample room for inventory, display, and customer service areas. The property is situated in Berry, Alabama, a community offering a strong local market. This presents a unique chance to establish a thriving retail presence in a well-positioned location. The property's geographic coordinates are 33.6593184 latitude and -87.6018725 longitude. Serious inquiries are encouraged to explore this promising retail investment. The property is ready for immediate lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Berry
    County
    Fayette
    State
    Alabama
    Longitude
    -87.6019
    Latitude
    33.6593

    Comparable in this City

    • Value Estimation by Request
      1,216 SF

      22486 Hwy 18th E

      RETAIL STORES (PERSONAL SERVICES)
      22486 Hwy 18th E, Berry, AL 35546-2743
      View Details
    • Value Estimation
      $985,000
      12,636 SF

      17719 Hwy 18th E

      RETAIL STORES (PERSONAL SERVICES)
      17719 Hwy 18th E, Berry, AL 35546-2162
      View Details
    • Value Estimation by Request
      3,000 SF

      Factory St

      RETAIL STORES (PERSONAL SERVICES)
      Factory St, Berry, AL 35546
      View Details
    • Value Estimation by Request
      1,643 SF

      21835 Hwy 43rd N

      RETAIL STORES (PERSONAL SERVICES)
      21835 Hwy 43rd N, Berry, AL 35546
      View Details
    • Value Estimation
      $575,000
      8,600 SF

      17780 Hwy 18th E

      RETAIL STORES (PERSONAL SERVICES)
      17780 Hwy 18th E, Berry, AL 35546-2002
      View Details
    • Value Estimation by Request
      2,400 SF

      103 Depot St

      RETAIL STORES (PERSONAL SERVICES)
      103 Depot St, Berry, AL 35546
      View Details

    Similar Nearby for Sale

    • $99,900
      2.03 Acres

      Commercial Land on US 43

      2 Acres of commercial property on US 43 in Berry, AL.
      22721 Highway 43 N, Berry, AL 35546
      View Details
    • Contact for pricing

      40 Acres Tombigbee Trace Tract

      40 acre tract for homesites, recreation, or investment.
      B4 Northside Rd, Berry, AL 35546
      View Details
    • $289,900
      19.00 Acres

      Land in Berry, Alabama

      19-acre tract in Barbee Creek Preserve, suitable for various uses.
      A3 Northside Rd, Berry, AL 35546
      View Details
    • Contact for pricing
      7.50 Acres

      Land in Berry, Alabama

      Land for sale in Tuscaloosa County, Alabama.
      Handley Rd, Berry, AL 35546
      View Details
    • $559,000
      40.00 Acres

      Land in Berry, Alabama

      40-acre tract with pastures, hardwoods, creeks, and ponds.
      B4 Northside Rd, Berry, AL 35546
      View Details
    • $449,900
      40.00 Acres

      Land in Barbee Creek Preserve

      40 acre tract with pastures, hardwoods, creeks and ponds.
      B1 Northside Rd, Berry, AL 35546
      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.
    17993 Al-18
    Berry, AL 35546
    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
    17993 Al-18, Berry, AL, 35546
    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!