Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Us Highway 231 Midland City, AL 36360

    • Industrial properties
    • 8.30 lot acres
    For Sale
    View listing
    $630,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 0 Us Highway 231

    Lot size
    8.30 lot acres
    Property type
    Industrial properties

    Description

    This exceptional 8.3-acre industrial property boasts prominent frontage on Highway 231 and Mance Newton Road in Midland City, Alabama (zip code 36360). Located in Dale County, this large corner lot presents significant development potential for multiple users. The asking price is $630,000. Previous on-site tanks have been removed, leaving a clean slate for future projects. Comprehensive environmental assessments have been completed, with favorable reports from both the Alabama Department of Environmental Management (ADEM) and Polyengineering, ensuring a smooth and transparent transition for prospective buyers. The property's strategic location and ample space make it ideal for a variety of industrial uses, offering excellent visibility and accessibility. Its size and highway frontage provide significant advantages for businesses seeking a prominent presence in this thriving area of Alabama. The property is ready for immediate development, eliminating the need for extensive remediation or cleanup. Detailed environmental reports are available upon request. This is a rare opportunity to acquire a substantial, well-situated industrial parcel in a rapidly growing region. Don't miss this chance to secure a prime location for your next venture.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Midland City
    County
    Dale
    State
    Alabama
    Longitude
    -85.5327
    Latitude
    31.3301

    Comparable in this City

    • Value Estimation by Request
      8,000 SF

      917 Eufaula St

      MINI-WAREHOUSE, STORAGE • 8,000 SF
      917 Eufaula St, Ozark, AL 36360-0943
      View Details
    • Value Estimation by Request
      698 SF

      Jody Parker Rd

      MINI-WAREHOUSE, STORAGE • 698 SF
      Jody Parker Rd, Ozark, AL 36360
      View Details
    • Value Estimation
      $555,000
      25,600 SF

      Rr

      MINI-WAREHOUSE, STORAGE • 25,600 SF
      Rr, Ozark, AL 36360
      View Details
    • Value Estimation by Request
      2,937 SF

      Of Merrick Ave

      MINI-WAREHOUSE, STORAGE • 2,937 SF
      Of Merrick Ave, Ozark, AL 36360
      View Details
    • Value Estimation by Request
      4.77 Acres

      Dowling St

      MINI-WAREHOUSE, STORAGE • 4.77 Acres
      Dowling St, Ozark, AL 36360
      View Details
    • Value Estimation
      $510,000
      29,580 SF

      172 Black Frst Dr

      MINI-WAREHOUSE, STORAGE • 29,580 SF
      172 Black Frst Dr, Ozark, AL 36360-8654
      View Details

    Similar Nearby for Sale

    • $630,000
      8.30 Acres

      Prime Midland City Industrial Land

      8.3 Acres, Hwy 231 Frontage
      0 Us Highway 231, Midland City, AL 36360
      View Details
    • $1,400,000
      113,600 SF

      Ozark Industrial Warehouse

      113,600 SF Vacant Warehouse, $1.4M
      401 Bingham Ave, Ozark, AL 36360
      View Details
    • $199,000
      0.60 Acres

      Ozark Commercial Land - $199K

      Prime Ozark development land, 0.6 acres.
      0 Andrews Ave. & Wilkins St, Ozark, AL 36360
      View Details
    • $225,000
      2.00 Acres

      Ozark Commercial Property - High Traffic!

      Prime Ozark location, multi-use potential, high visibility.
      33 County Road 21, Ozark, AL 36360
      View Details
    • $397,500
      9 SF

      Country Estate Home on Acreage

      Spacious home on 9 acres near G.W. Long School.
      5530 Ozark Ave, Ozark, AL 36360
      View Details
    • $495,000
      2 SF

      Corner Lot on US Hwy-231N

      2.56-acre corner lot with high visibility and easy access.
      231N Us Hwy, Ozark, AL 36360
      View Details

    Similar Nearby for Lease

    • $5 SF/Yr
      90,783 SF

      Midtown Plaza: Ozark Retail/Office

      High-visibility Ozark retail & office space.
      1548 Us Highway 231, Ozark, AL 36360
      View Details
    • $10 SF/Yr
      6,000 SF

      Ozark Retail Center Opportunity

      High-traffic retail space available.
      1206 Us Highway 231, Ozark, AL 36360
      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.
    Us Highway 231
    Midland City, AL 36360
    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

    Google sign-in failed. Please try again or use another login method.