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    10052 Highway 119 Alabaster, AL 35007
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    Property profile & analytics

    10052 Highway 119 Alabaster, AL 35007

    View on Map
    • Retail space
    • 5,000 SF
    • 3.83 lot acres
    For Sale
    $4,800,000
    View Listing →
    7.3 Acres of Land For Sale
    $4,800,000
    7.30 Acres

    7.3 Acres of Land

    7.3 acres of land available for sale.

    10052 Hwy 119, Alabaster, AL 35007
    View Listing
    Property ID
    US03-1113511
    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.
    Value Estimations
    Cap Rate Potential
    3.2%
    Retail space
    Location Intelligence

    Current Use by 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

    Property Details for 10052 Highway 119

    Year built
    1986
    Construction
    WOOD
    Lot size
    3.83 lot acres
    Property size
    5,000 SF
    Property type
    Retail space
    APN
    231112001008000
    APU
    231112001008000

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,475,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $785,000
      6.5%
      $725,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $891,000
      Market price range: $300k - $892k
      AI Estimate
      $891,000
      Market price range: $300k - $892k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $915,000
      OFFICE BUILDING
      $735,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Alabaster
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8229
    Latitude
    33.2249
    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
    2023
    $10,661
    $0.00
    $0.00
    $197,420
    -
    $700,160
    $286,900
    $987,060

    Comparable in this City

    • Value Estimation by Request
      1,912 SF

      106 1st S St

      RETAIL STORES (PERSONAL SERVICES) • 1,912 SF
      106 1st S St, Alabaster, AL 35007-8921
      View Details
    • Value Estimation by Request
      4,440 SF

      145 1st W Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,440 SF
      145 1st W Ave, Alabaster, AL 35007-8501
      View Details
    • Value Estimation
      $535,000
      3,000 SF

      518 1st N St

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      518 1st N St, Alabaster, AL 35007-8765
      View Details
    • Value Estimation
      $1,290,000
      7,225 SF

      9200 Hwy 119

      RETAIL STORES (PERSONAL SERVICES) • 7,225 SF
      9200 Hwy 119, Alabaster, AL 35007-5337
      View Details
    • Value Estimation
      $880,000
      4,941 SF

      225 Kent Stone Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,941 SF
      225 Kent Stone Blvd, Alabaster, AL 35007-5448
      View Details
    • Value Estimation by Request
      22,500 SF

      111 1St St

      Individual retail properties • 22,500 SF
      111 1St St, Alabaster, AL 35007
      View Details

    Similar Nearby for Sale

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      0.24 Acres

      Highway 119 Commercial Opportunity

      Commercial property on Highway 119, Alabaster. High visibility and traffic.
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      Mixed-Use Property on Highway 31

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      Commercial Property in Alabaster, AL

      Commercial property with road frontage and easy interstate access.
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      Commercial Lot in Alabaster

      Commercial property suitable for retail, medical, or restaurant use.
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    Similar Nearby for Lease

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      7,700 SF

      Renovated Retail/Industrial Flex Space

      Newly renovated retail/industrial flex space with high ceilings.
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      Retail Space in Alabaster Hub

      9,775 SF retail space in a growing Alabaster hub.
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      Retail Space in Thompson Trace

      Located on a main thoroughfare near schools and shopping.
      9737 Highway 119, Alabaster, AL 35007
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    • $375 /Mo

      Retail Space Available for Lease

      Retail space for lease at 101 Aviators View Dr.
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      Alabaster Retail and Office Spaces

      Retail, office, and warehouse spaces available for lease in Alabaster.
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      View Details
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      Land Available Near Shelby Hospital

      Prime commercial land for ground lease or build to suit.
      566 1St St N, Alabaster, AL 35007
      View Details
    View Listing
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    10052 Highway 119
    Alabaster, AL 35007
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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.

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