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    0 State 59 Highway Robertsdale, AL 36567

    • Land
    For Sale
    View listing
    $1,900,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 State 59 Highway

    Property type
    Land
    Property subtype
    Residential land & home lots

    Description

    9.74 Acres located directly adjacent to the Walmart in Robertsdale. This is a highly trafficked and quickly growing area with a new retail development bordering the East side of this property. A billboard lease also comes with the sale of this property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Robertsdale
    County
    State
    Alabama
    Longitude
    -87.7119324
    Latitude
    30.5538048

    Comparable in this City

    • Value Estimation by Request

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      85 AC For Sale in Robertsdale, AL / North of I-10, County Road 87 (Lot B)

      85 AC For Sale in Robertsdale, AL / North of I-10, County Road 87 (Lot B)
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      5.7 - 5.8 Acres Corner Acreage at Beach Express/ Interstate 10

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      3.13 Acres Land Pending Sale

      3.13 Acres Land Pending Sale
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      52 AC parcel + Grand River RV Resort project For Sale

      52 AC parcel + Grand River RV Resort project For Sale
      County Rd 64 Ext, Robertsdale, AL 36567
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      1.08 Acres Land For Sale - Vacant Lot in Robertsdale

      1.08 Acres Land For Sale - Vacant Lot in Robertsdale
      0 pet drive, Robertsdale, AL 36567
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    Similar Nearby for Sale

    • New
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      Robertsdale Land with Owner Financing

      4.72 acre lot with owner financing available near I-10.
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    • $149,900
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      Robertsdale Land with Owner Financing

      Two-acre lot near I-10 with owner financing.
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    • $1,780,000
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      78-Acre Commercial Land, Alabama

      Prime Alabama land: hunting, timber, commercial potential.
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    • $155,000
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      Unrestricted 3-Acre Parcel in Robertsdale

      3-acre unrestricted land parcel near I-10 in Baldwin County.
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    • $5,000,000

      Land For Sale Robertsdale

      Land available for sale in Robertsdale, Alabama.
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      Land Available in Robertsdale, AL

      Land for sale at 28645 Roserun Rd, Robertsdale, AL
      28645 Roserun Rd, Robertsdale, AL 36567
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    Similar Nearby for Lease

    • $750 /Mo
      32,420 SF

      Robertsdale Industrial Land Lease

      Large Alabama land parcel, ideal trucking facility.
      23809 Co Rd 64, Robertsdale, AL 36567
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    • $22 SF/Yr
      8,486 SF

      Prime Robertsdale Retail Space

      High-visibility retail units, ready August 2025
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    • $10 SF/Yr
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      Robertsdale Flex/R&D Space Available

      High-demand flex space, build-to-suit.
      24282 AL 59, Robertsdale, AL 36567
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    • $3,000 /Mo
      420 SF

      Loxley Transfer Facility Lease

      420 sq ft, 3-unit trucking facility, Alabama.
      23809 Co Rd 64, Robertsdale, AL 36567
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    • $13 SF/Yr
      1,625 SF

      Robertsdale Retail Space for Lease

      1625 sq ft retail/office space in Robertsdale, AL.
      21530 Professional Dr, Robertsdale, AL 36567
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    • $1,600 /Mo
      722 SF

      Robertsdale Office Space for Lease

      722 sq ft office, prime Robertsdale location.
      22193 AL-59, Robertsdale, AL 36567
      View Details
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    0 State 59 Highway
    Robertsdale, AL 36567
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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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