Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    2931 Morgan Rd Bessemer, AL 35022

    • Drive through restaurants
    • 3,058 SF
    • 0.90 lot acres
    For Lease
    View listing
    Value Estimation
    $620,000
    Last Sale
    Mar 17, 2022
    $750,933
    Location Intelligence
    Property ID
    US03-0373618
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Wendy's / Hamburger Restaurant / Restaurant

    Property Details for 2931 Morgan Rd

    Year built
    1996
    Lot size
    0.90 lot acres
    Property size
    3,058 SF
    Zone code
    C3
    Property type
    Drive through restaurants
    APN
    38-00-36-3-004-018.005
    APU
    3800363004018005

    Description

    This freestanding, single-tenant building offers 2,897 square feet of space, including a drive-thru. Situated on a 0.86-acre lot in Bessemer, Alabama, this former quick-service restaurant enjoys a prime location on Morgan Road, providing easy access from Interstate 459 via Exit 6. The property benefits from high traffic counts and excellent visibility. The building is a one-story structure, and the entire space is currently vacant, presenting a unique opportunity for a variety of restaurant or retail concepts. The area surrounding the property has experienced significant growth and development, making it a strategically advantageous location. Its proximity to key highways and a burgeoning industrial base ensures a strong potential customer base. The property's size and features make it ideal for a business seeking high visibility and convenient access for customers. Jefferson County location offers additional benefits for business owners. This is a rare opportunity to acquire a well-positioned property in a thriving area. The vacant building is ready for immediate occupancy and customization to suit a new tenant's needs.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $580,000

    • CAP approach

      CAP return
      Estimation
      6%
      $810,000
      6.5%
      $805,000
      7%
      $855,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $690,000
      Geo Method
      $855,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $850,000
      Retail
      $735,000
      Mixed-Use
      $650,000
      Hospitality
      $620,000
      Educational
      $700,000
      Residential Income
      $770,000
      Energy
      $690,000
      Income-Based Land
      $695,000
      Food Service
      $700,000

    Location Insight

    • Map
    • Local Demand
    City
    Bessemer
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.9168
    Latitude
    33.3348
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $9,464
    $62,720
    $104,000
    $166,720
    -
    $313,600
    $520,000
    $833,600

    Comparable in this City

    • Value Estimation by Request
      1,718 SF

      3998 Methodist Cir

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,718 SF
      3998 Methodist Cir, Bessemer, AL 35022-5606
      View Details
    • Value Estimation
      $2,265,000
      3,777 SF

      4835 Bell Hl Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,777 SF
      4835 Bell Hl Rd, Bessemer, AL 35022
      View Details
    • Value Estimation
      $1,505,000
      3,079 SF

      5001 Bond Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,079 SF
      5001 Bond Blvd, Bessemer, AL 35022-7301
      View Details
    • Value Estimation
      $355,000
      3,203 SF

      800 Academy Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,203 SF
      800 Academy Dr, Bessemer, AL 35022-8396
      View Details
    • Value Estimation
      $300,000
      1,737 SF

      5010 Academy Ln

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,737 SF
      5010 Academy Ln, Bessemer, AL 35022-5249
      View Details
    • Value Estimation
      $460,000
      4,160 SF

      5042 Bond Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,160 SF
      5042 Bond Blvd, Bessemer, AL 35022-7300
      View Details

    Similar Nearby for Sale

    • $135,000
      1.00 Acre

      Restaurant Business For Sale

      Restaurant business for sale, includes equipment in Bessemer, Alabama.
      1209 Lake Dr, Bessemer, AL 35022
      View Details
    • $2,505,046
      10,566 SF

      Bessemer, AL Dollar General

      High-yield NNN retail investment.
      2070 Shannon Oxmoor Rd, Bessemer, AL 35022
      View Details
    • $11,500,000
      26.20 Acres

      Bessemer Retail Development Opportunity

      Retail space with development potential near major manufacturers.
      4500 Katies Way, Bessemer, AL 35022
      View Details
    • $1,200,000
      2.06 Acres

      Bessemer, AL Commercial Land Opportunity

      High-value land with existing home, C3A1 zoning.
      170 Mccalla Rd, Bessemer, AL 35022
      View Details
    • $189,000
      11.43 Acres

      11.43 Acres Bessemer Residential Land

      Prime Residential Land, 11.43 Acres, Bessemer, AL
      8183 Hopewell Rd, Bessemer, AL 35022
      View Details
    • $699,000
      1.72 Acres

      Developing Area Commercial Land

      Commercial land in developing area near McCalla shopping center.
      121 Mccalla Rd, Bessemer, AL 35022
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,897 SF

      Bessemer, AL QSR with Drive-Thru

      High-traffic location, former QSR, 2,897 sqft
      2931 Morgan Rd, Bessemer, AL 35022
      View Details
    • Contact for pricing
      99,893 SF

      Bessemer Retail Center - 59 West

      High-traffic retail space available. Multiple suites, ample parking.
      59 Academy Dr & Interstate 59, Bessemer, AL 35022
      View Details
    • $20 SF/Yr
      19,720 SF

      Morgan Road Station Retail Space

      High-traffic retail space available now.
      3979 Parkwood Rd, Bessemer, AL 35022
      View Details
    • Contact for pricing
      310,872 SF

      Tannehill Promenade Retail Space

      Bessemer, AL Shopping Center Opportunity
      4889 Promenade Pkwy, Bessemer, AL 35022
      View Details
    • Contact for pricing

      Retail Space Near Aldi Store

      Retail space available near I-459 and new Aldi.
      2910 Morgan Rd, Bessemer, AL 35022
      View Details
    • Contact for pricing
      381,150 SF

      Bessemer, AL Commercial Land

      8.75 Acres, Prime Development Site
      0 Greenmor Dr, Bessemer, AL 35022
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2931 Morgan Rd
    Bessemer, AL 35022
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.