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    Cor Of Daniel Payne Dr & Centerstate Dr Birmingham, AL 35207

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    Cor Of Daniel Payne Dr & Centerstate Dr Birmingham, AL 35207

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    • Land
    • 8.83 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Cor Of Daniel Payne Dr & Centerstate Dr

    Lot size
    8.83 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 8.83-acre parcel is strategically located at the corner of Daniel Payne Drive and CenterState Drive in Birmingham, Alabama, within Jefferson County (zip code 35207). Zoned "Q" I-1 by the City of Birmingham, this property offers significant potential for a variety of commercial, retail, or industrial uses. The land is already rough-graded, simplifying site preparation for development. Its advantageous position provides easy access to major transportation arteries, boasting proximity to the I-65/Daniel Payne Drive Interchange (Exit 264), a mere 0.3 miles away. This convenient location places the property at the entrance to the established CenterState Logistics Park, offering immediate access to a thriving business environment and excellent logistical advantages. The site's size and location make it an attractive opportunity for businesses seeking a prominent presence in a rapidly growing area of Birmingham. This is a rare opportunity to acquire a sizable, well-situated parcel ready for immediate development. The property's zoning and location combine to create a compelling investment prospect for developers and businesses alike. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.8349
    Latitude
    33.5616

    Comparable in this City

    • Value Estimation by Request
      1.71 Acres

      Cor Of Centerstate Dr And Daniel Payne Dr

      Land • 1.71 Acres
      0 Cor Of Centerstate Dr And Daniel Payne Dr, Birmingham, AL 35207
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    • Value Estimation by Request
      225,000 SF

      225 Daniel Payne Dr

      Distribution properties • 225,000 SF
      225 Daniel Payne Dr, Birmingham, AL 35207
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    • Value Estimation by Request

      1917 30Th Ave

      Land
      1917 30Th Ave, Birmingham, AL 35207
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      1,250 SF

      2821 31st N Ave

      WAREHOUSE, STORAGE • 1,250 SF
      2821 31st N Ave, Birmingham, AL 35207
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    • Value Estimation by Request
      700 SF

      2515 29th N Ave

      MANUFACTURING (LIGHT) • 700 SF
      2515 29th N Ave, Birmingham, AL 35207
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    • Value Estimation by Request
      7,600 SF

      2938 35th N Ave

      WAREHOUSE, STORAGE • 7,600 SF
      2938 35th N Ave, Birmingham, AL 35207-2920
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    Similar Nearby for Sale

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      Land For Sale

      Land available for sale at CenterState Drive and Daniel Payne Drive.
      Cor Of Centerstate Dr And Daniel Payne Dr, Birmingham, AL 35207
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      Land For Sale

      Land available for sale at Daniel Payne Drive & CenterState Drive.
      Cor Of Daniel Payne Dr & Centerstate Dr, Birmingham, AL 35207
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      BIRMINGHAM Warehouse Ideal for Services

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      1,250 SF

      Warehouse Ideal for Service Companies

      Warehouse suitable for service companies with easy freeway access.
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      Two Warehouses Near Interstate Access

      Two warehouses totaling 20,000 SF on 2.8 acres for sale.
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      1.00 Acre

      Land in Birmingham, Alabama

      One-acre lot suitable for multi-family investment or single-family home.
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    Similar Nearby for Lease

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      Vacant Land For Lease

      Land available for lease in Birmingham, Alabama.
      148 41St Ave N, Birmingham, AL 35207
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      Industrial Space Near I-65

      45,000 SF industrial space ideal for distribution and manufacturing.
      3333 35Th Ave N, Birmingham, AL 35207
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    • $3,500 /Mo

      M-1 Zoned Land For Lease

      M-1 zoned land with convenient highway and airport access.
      133 41St Ave W, Birmingham, AL 35207
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    • $8 SF/Yr

      Functional Office Space Near Downtown

      Versatile office building with convenient access to key locations.
      150 Daniel Payne Dr, Birmingham, AL 35207
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    Birmingham, AL 35207
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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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