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    Property profile & analytics

    10560 Vance Blocton Rd Vance, AL 35490-2500

    • Turn key restaurants
    • 2,800 SF
    • 0.67 lot acres
    OFF-MARKET
    Last Sale
    Sep 22, 2023
    $195,000
    Value Estimations
    $170,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0495484
    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

    • Turn key restaurants

    Property Details for 10560 Vance Blocton Rd

    Year built
    1978
    Lot size
    0.67 lot acres
    Property size
    2,800 SF
    Property type
    Turn key restaurants
    APN
    28-07-35-0-000-035.000
    APU
    2807350000035000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $170,000
      ML approach
      $135,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $184,000
      Market price range: $185k - $923k
      AI Estimate
      $119,000
      Market price range: $119k - $274k

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

    Location Insight

    • Map
    • Local Demand
    City
    Vance
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.2327
    Latitude
    33.1746
    CBSA code
    46220
    CBSA name
    TUSCALOOSA, 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
    $868
    $2,020
    $25,100
    $27,120
    -
    $10,100
    $125,500
    $135,600

    Comparable in this City

    • Value Estimation by Request
      2.83 Acres

      11203 Will Walker Rd

      Restaurants • 2.83 Acres
      11203 Will Walker Rd, Vance, AL 35490
      View Details
    • Value Estimation
      $155,000
      7,000 SF

      16773 Hwy 11th N

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 7,000 SF
      16773 Hwy 11th N, Vance, AL 35490-2419
      View Details
    • Value Estimation
      $160,000
      1,250 SF

      19873 Hwy 216

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,250 SF
      19873 Hwy 216, Vance, AL 35490-2212
      View Details
    • Value Estimation
      $150,000
      5,625 SF

      10077 Brose Dr Ste, Unit 200

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,625 SF
      10077 Brose Dr Ste, Vance, AL 35490-2937
      View Details
    • Value Estimation
      $135,000
      5,500 SF

      10629 Txr Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,500 SF
      10629 Txr Rd, Vance, AL 35490-2831
      View Details
    • Value Estimation
      $210,000
      1,312 SF

      10610 Vance Blocton Rd

      SERVICE STATION (FULL SERVICE) • 1,312 SF
      10610 Vance Blocton Rd, Vance, AL 35490
      View Details

    Similar Nearby for Sale

    • $2,000,000
      2.83 Acres

      Prime Vance, AL Retail Land

      High-traffic I-20/59 Mercedes exit, ±2.8 acres.
      11203 Will Walker Rd, Vance, AL 35490
      View Details
    • $10,250,000
      9.31 Acres

      Vance, AL: Prime Commercial Land

      9.31 Acres, Daimler Benz Blvd Frontage
      Daimler Benz Blvd, Vance, AL 35490
      View Details
    • $165,900

      Commercial Land on Will Walker

      Commercial land parcel with road frontage near Mercedes Benz.
      Will Walker Rd, Vance, AL 35490
      View Details
    • $7,151,200
      7,511 SF

      Prime Vance Industrial Estate

      11.74 Acres, Three Homes, High Visibility
      17218 White Rd, Vance, AL 35490
      View Details
    • $2,999,500

      Vance Commercial Development Opportunity

      14.18 acres of B-1 zoned land near Mercedes Benz.
      11048 Will Walker Rd, Vance, AL 35490
      View Details
    • $145,600
      20.80 Acres

      20.8 Acres in Vance, AL

      20.8 acres of land suitable for building and livestock.
      Short Town Rd, Vance, AL 35490
      View Details
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    Vance, AL 35490-2500
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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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