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    2 Investment Ln Summerdale, AL 36580

    • Land
    For Sale
    View listing
    $250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 2 Investment Ln

    Property type
    Land
    Property subtype
    Commercial land

    Description

    Cleared lot in Central Commerce Park of Summerdale. This is a well developed and maintained industrial park in Summerdale just off of Highway 59 and very near the Baldwin Beach Express. There are several other commercial and industrial businesses around located in this development. This lot is cleared, nowed and has all utilities available up to the lot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Summerdale
    County
    State
    Alabama
    Longitude
    -87.6999
    Latitude
    30.4774

    Comparable in this City

    • Value Estimation by Request

      4.27 Acres Commercial Land for Sale on Hwy 59

      4.27 Acres Commercial Land for Sale on Hwy 59
      316 AL-59, Summerdale, AL 36580
      View Details
    • Value Estimation by Request

      43 +/- Acres on Hwy 59 For Sale, Robertsdale/Summerdale

      43 +/- Acres For Sale on Hwy 59, Robertsdale/Summerdale
      20438 AL-59, Summerdale, AL 36580
      View Details
    • Value Estimation by Request

      15 AC Land For Sale, Baldwin Beach Express

      15 Acres For Sale, Baldwin Beach Express
      0 baldwin beach express, Summerdale, AL 36580
      View Details
    • Value Estimation by Request

      18 Acres Land For Sale - 19127 Highway 59

      18 Acres Land For Sale - 19127 Highway 59
      19127 Hwy 59, Summerdale, AL 36580
      View Details
    • Value Estimation by Request

      11 Acres Foley Beach Express and County Road 73 For Sale

      11 Acres Foley Beach Express and County Road 73 For Sale
      0 county 73 road, Summerdale, AL 36580
      View Details
    • Value Estimation by Request

      147.19 Acres Prime Opportunity For Sale on Baldwin Beach Express

      147.19 Acres Prime Opportunity For Sale on Baldwin Beach Express
      32 Baldwin Beach Express, Summerdale, AL 36580
      View Details

    Similar Nearby for Sale

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      Prime Summerdale Commercial Land

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    • New
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      51 Acres of Untouched Beauty

      51 acres of land in Summerdale, AL, already subdivided.
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    • $137,500
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      2.05-acre property zoned AO-1 near State Hwy 59.
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      Unzoned 20 Acres with Workshop

      Unzoned 20 acres in Summerdale with workshop and pond.
      24657 County Road 38, Summerdale, AL 36580
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    Similar Nearby for Lease

    • $15 SF/Yr
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      Summerdale Retail/Office Warehouse

      Highway 59 space, flexible lease options.
      102 State Highway 59 S, Summerdale, AL 36580
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    • $12 SF/Yr
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      Summerdale Warehouse - Hwy 59 Frontage

      18,000 SF Warehouse/Retail Space in Alabama
      102 Al-59, Summerdale, AL 36580
      View Details
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    2 Investment Ln
    Summerdale, AL 36580
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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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