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    Rodeo Ct Bessemer, AL 35020
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    Rodeo Ct, Bessemer, AL 35020

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    • Industrial properties
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    • Industrial properties

    Property Details for 0 Rodeo Ct

    Property type
    Industrial properties
    Property subtype
    Manufacturing properties

    Description

    THE CUBES at Lakeshore offers exceptional industrial space in Birmingham, Alabama. This state-of-the-art development, situated on a 70-acre site at Rodeo Court and Lakeshore Parkway, provides flexible options for businesses seeking manufacturing or distribution facilities. Currently, there is one available space ranging from 100,000 to 794,000 contiguous square feet, allowing for scalability to meet diverse operational needs. The building boasts impressive ceiling heights ranging from 32 to 40 feet, providing ample vertical space for efficient operations and storage. The property benefits from excellent access to major transportation routes, pre-existing road infrastructure, and readily available utilities, simplifying logistical operations. The generally flat topography of the site further enhances ease of development and usage. With a potential for approximately 800,000 square feet of total space, THE CUBES at Lakeshore presents a significant opportunity for businesses seeking a modern, efficient, and strategically located industrial facility in a thriving market. The multiple tenancy option allows for flexibility in lease terms and space requirements.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Bessemer
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.9248
    Latitude
    33.3934

    Comparable in this City

    • Value Estimation by Request
      187,200 SF

      4251 Turin Dr

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    • Value Estimation by Request
      8,266 SF

      525 18th N St

      MANUFACTURING (LIGHT)
      525 18th N St, Bessemer, AL 35020-4843
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    • Value Estimation
      $895,000
      20,400 SF

      301 21st N St

      HEAVY MANUFACTURING
      301 21st N St, Bessemer, AL 35020-4932
      View Details
    • Value Estimation by Request
      24,038 SF

      1411 Hearn Ave

      MANUFACTURING (LIGHT)
      1411 Hearn Ave, Bessemer, AL 35020-4776
      View Details
    • Value Estimation
      $860,000
      21,522 SF

      4414 Woodward Rd

      MANUFACTURING (LIGHT)
      4414 Woodward Rd, Brighton, AL 35020-1170
      View Details
    • Value Estimation
      $695,000
      50,326 SF

      2000 3rd N Ave

      MANUFACTURING (LIGHT)
      2000 3rd N Ave, Bessemer, AL 35020
      View Details

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      5,410 SF

      Industrial Property in Bessemer, Alabama

      Industrial property with a history of engine manufacturing.
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      21,000 SF Industrial Facility

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      Bessemer Retail Opportunity

      Large retail building in Bessemer's primary retail corridor.
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    • $485,000

      Fully Leased Industrial Investment

      Industrial property for sale, fully leased in Bessemer, Alabama.
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      Pending

      New Commercial Property with Land

      New commercial property with expansion opportunities in a growing community.
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    Similar Nearby for Lease

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      Premier Industrial Development on Rodeo Court

      Scalable industrial spaces available for lease or sale.
      Rodeo Ct, Bessemer, AL 35020
      View Details
    • $3 SF/Yr
      20,000 SF

      Industrial Space for Sublease

      20,000 sqft industrial space available for sublease.
      4414 Woodward Rd, Brighton, AL 35020
      View Details
    • Contact for pricing
      26,000 SF

      Showroom and Warehouse on Highway

      26,000 SF showroom and warehouse with highway visibility.
      4200 Bessemer Super Hwy, Bessemer, AL 35020
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    • Contact for pricing
      1,000 SF

      Corner Retail/Office Space Available

      1,000 sq ft retail/office space for rent.
      900 9Th Ave E, Bessemer, AL 35020
      View Details
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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.

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