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    101 W Lee St Chickasaw, AL 36611
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    101 W Lee St Chickasaw, AL 36611

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    • Industrial properties
    For Sale
    $139,000
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    3,480 SF Industrial For Sale - 101 West Lee St. For Sale
    $139,000
    3,480 SF

    3,480 SF Industrial For Sale - 101 West Lee St.

    3,480 SF Industrial For Sale - 101 West Lee St.

    101 W Lee St, Chickasaw, AL 36611
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 101 W Lee St

    Year built
    1985
    Property type
    Industrial properties
    Property subtype
    Mixed-use properties

    Description

    101 West Lee St. Self Storage complex with 1 office unit. Great location in heart of Chickasaw. Good history of rental units. Fully Occupied. Building sold 'As Is Where Is".

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Chickasaw
    County
    State
    Alabama
    Longitude
    -88.0791
    Latitude
    30.7637

    Comparable in this City

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      25,000 SF

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      118 Craft Hwy, Chickasaw, AL 36611
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    • Value Estimation by Request
      87,842 SF

      750 Viaduct Rd

      Distribution properties • 87,842 SF
      750 Viaduct Rd, Chickasaw, AL 36611
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    • Value Estimation by Request
      3,254 SF

      417 Thompson Blvd

      WAREHOUSE, STORAGE • 3,254 SF
      417 Thompson Blvd, Chickasaw, AL 36611-2349
      View Details
    • Value Estimation
      $3,400,000
      83,525 SF

      1505 Telegraph Rd

      WAREHOUSE, STORAGE • 83,525 SF
      1505 Telegraph Rd, Chickasaw, AL 36611-2210
      View Details
    • Value Estimation
      $995,000
      19,927 SF

      1155 Telegraph Rd

      WAREHOUSE, STORAGE • 19,927 SF
      1155 Telegraph Rd, Chickasaw, AL 36611-2200
      View Details
    • Value Estimation by Request
      1,800 SF

      314 Craft Hwy

      MINI-WAREHOUSE, STORAGE • 1,800 SF
      314 Craft Hwy, Chickasaw, AL 36611-1310
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,000 SF

      Retail Building with Vacant Space

      Two retail spaces, one occupied, one vacant, with extra lot.
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    • $399,900
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      Craft Highway Warehouse Opportunity

      Office and warehouse space on 1.91 acres.
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      High Bay Warehouse For Sale

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      40,616 SF

      Chickasaw Warehouse with Silos

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      Chickasaw Flex Property For Sale

      Flex property with warehouse and office space in Chickasaw.
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    • $225,000
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      Chickasaw Commercial Property - High Visibility

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    Similar Nearby for Lease

    • $8 SF/Yr
      50,000 SF

      Chickasaw Warehouse: 50,000 SF Lease

      Prime industrial space; barge/vessel access.
      750 Viaduct Rd W, Chickasaw, AL 36611
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    • $5 SF/Yr
      77,000 SF

      Chickasaw Industrial Warehouse Lease

      77,000 SF Warehouse - Prime Location
      1511 Telegraph Rd, Chickasaw, AL 36611
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    • $8 SF/Yr
      57,000 SF

      Dockside Warehouse: Chickasaw, AL

      Prime 57,000 SF warehouse, barge access.
      750 Viaduct Rd W, Chickasaw, AL 36611
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    • $5 SF/Yr
      87,482 SF

      Prime Chickasaw Industrial Space

      87,482 SF Warehouse, Water Access, Lease
      750 D Viaduct Road, Chickasaw, AL 36611
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    • $5 SF/Yr
      30,000 SF

      Mobile Industrial Warehouse - 30,000 SF

      Prime Mobile warehouse, ideal for logistics.
      1490 Telegraph Rd, Mobile, AL 36611
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    • $12 SF/Yr
      50,000 SF

      Prime Chickasaw Warehouse Space Available

      50,000 SF Fabrication Warehouse, Excellent Location
      750 Viaduct Rd W, Chickasaw, AL 36611
      View Details
    View Listing
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    101 W Lee St
    Chickasaw, AL 36611
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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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