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Property profile & analytics
FOR SALE
Retail space

10052 Highway 119 Alabaster, AL 35007

5,000 SF 3.83 ac lot Built 1986
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US03-1113511
Property summary
AI-generated overview

This exceptional 7.3-acre commercial land parcel presents a remarkable investment opportunity in Alabaster, Alabama. Located at 10052 Hwy 119, this prime corner property boasts approximately 575 feet of frontage on Highway 119, ensuring unparalleled visibility and accessibility. The property is situated in the heart of the Alabaster Overlay District, benefiting from a high traffic count exceeding 30,000 vehicles daily. Its strategic location directly across from the future Alabaster Recreational Complex and a planned retail development promises significant future growth and value appreciation. The B-3 zoning designation allows for a wide range of commercial uses, providing flexibility for diverse development plans. All utilities are readily available, simplifying the development process. This property's exceptional location, combined with its size and zoning, makes it an ideal site for a variety of commercial ventures, capitalizing on the area's robust growth and high traffic volume. The asking price is $4,800,000. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a thriving Alabama community. The Shelby County address is 10052 Hwy 119, Alabaster, AL 35007.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1986
Construction WOOD
Total area 5,000 SF
Lot 3.83 ac (166,704 SF)
APN 231112001008000
UPID US03-1113511
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Quality Innovations LLC Hardware & Home Improvement
  • Nationwide Insurance: Bentley Insurance Inc. Insurance Agency
  • Cornerstone Tree Service, LLC Landscaping General Contractor
  • X3 Construction General Contractor
  • 1 Percent Lists Legacy Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$725k
Comparable Approach Comparable
$892k
Blend (final) Blend
$1.48M
Owner & transaction history
Shane Jones Properties LLC · 4 yrs held
Shane Jones Properties LLC
since 2021
Last sale
$1.3M
1 recorded transaction
2021
$2.0M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $915,000 +46.4%
Office building $735,000 +17.7%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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