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    al 43 highway Grove Hill, AL 36451

    • Industrial properties
    For Sale
    View listing
    $3,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for al 43 highway

    Property type
    Industrial properties
    Property subtype
    Manufacturing properties

    Description

    10,000 - 220,000 SF Industrial Building | Hwy 43, Grove Hill • 222,000 SF building with 6,600 SF office on 33 AC • Large, mostly paved, parking area • 18' - 22' ceiling height • Entire property is fenced • 10 doors with ramps • 3 dock high doors • Warehouse is sprinkled and heated/cooled • 100,000 gallon water tank on site • Perfect for an array of industrial users, large transport company, storage and distribution, manufacturing or government use • Located directly on Highway 43 near Grove Hill, just south of Highway 84, allowing easy access across Alabama and to Florida and Mississippi Lease Rate: $2.50 Annual/SF

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Grove Hill
    County
    State
    Alabama
    Longitude
    -87.7772218
    Latitude
    31.7087681

    Comparable in this City

    • Value Estimation by Request
      220,000 SF

      11670A Highway 43

      Distribution properties • 220,000 SF
      11670A Highway 43, Grove Hill, AL 36451
      View Details
    • Value Estimation
      $865,000
      58,487 SF

      Jackson St

      MANUFACTURING (LIGHT) • 58,487 SF
      Jackson St, Grove Hill, AL 36451
      View Details
    • Value Estimation
      $400,000
      17,417 SF

      Hwy 43

      MANUFACTURING (LIGHT) • 17,417 SF
      Hwy 43, Grove Hill, AL 36451
      View Details
    • Value Estimation
      $915,000
      84,655 SF

      154 Industrial Park Dr

      MANUFACTURING (LIGHT) • 84,655 SF
      154 Industrial Park Dr, Grove Hill, AL 36451-5267
      View Details
    • Value Estimation
      $325,000
      13,507 SF

      Hwy 84

      MANUFACTURING (LIGHT) • 13,507 SF
      Hwy 84, Grove Hill, AL 36451
      View Details
    • Value Estimation
      $260,000
      3,100 SF

      Carrol St

      WAREHOUSE, STORAGE • 3,100 SF
      Carrol St, Grove Hill, AL 36451
      View Details

    Similar Nearby for Sale

    • $160,000
      40.00 Acres

      Grove Hill Vacant Land For Sale

      40 acres with highway frontage, ideal for house or hunting.
      1000 Mt. Zion Rd, Grove Hill, AL 36451
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    • $32,400
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      Grove Hill Vacant Land Opportunity

      5.4+/- acre mixed-use development opportunity in Grove Hill, Alabama.
      Ct Street/Old Swimming Pool Rd, Grove Hill, AL 36451
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    • $145,000

      Grove Hill Commercial Opportunity

      Two-part building: church meeting location and auto repair shop.
      160 N Jackson St, Grove Hill, AL 36451
      View Details
    • $110,000
      5.00 Acres

      5 Acres on Highway 43

      5+/- acres with highway frontage in Grove Hill, Alabama.
      19600 Block Hwy 43, Grove Hill, AL 36451
      View Details
    • $450,000
      0.34 Acres

      Income-Producing Commercial Property Available

      Commercial property with six occupied units in downtown Grove Hill.
      118 S Jackson St, Grove Hill, AL 36451
      View Details
    • $110,000
      5.00 Acres

      Grove Hill Commercial Land - 5 Acres

      High-traffic, mixed-use acreage in Alabama.
      19600 Block Us-43, Grove Hill, AL 36451
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      220,000 SF

      Prime Clarke County Industrial Space

      220,000 SF Manufacturing/Distribution Facility
      11670A Highway 43, Grove Hill, AL 36451
      View Details
    • $2 SF/Yr
      220,000 SF

      Grove Hill Industrial Space For Sale/Lease

      Large industrial building, Hwy 43, Alabama. Flexible space options.
      Al 43 highway, Grove Hill, AL 36451
      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.

    More about this property
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