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    Property profile & analytics

    111 Applegate Ct Pelham, AL 35124-2943

    • Warehouses
    • 5,312 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimation
    $560,000
    Last Sale
    Sep 06, 2024
    $535,000
    Location Intelligence
    Property ID
    US03-2967387
    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

    • Donovan Builders LLC / Construction Company

    Property Details for 111 Applegate Ct

    Year built
    2000
    Construction
    WOOD
    Lot size
    0.47 lot acres
    Property size
    5,312 SF
    Property type
    Warehouses
    APN
    144193001010012
    APU
    144193001010012

    Description

    This exceptional 5,300-square-foot warehouse, located at 111 Applegate Ct in Pelham, Alabama, presents a fantastic leasing opportunity. Built in 2000, the property boasts a single-tenant occupancy, offering complete control and flexibility to the lessee. The entire 5,300 square feet is currently vacant and ready for immediate occupancy. The building is zoned M-1 Light Industrial, making it suitable for a variety of industrial uses. Its convenient Pelham location, with zip code 35124, offers easy access to major transportation routes, enhancing logistical efficiency for any business. The property's modern design and ample space provide an excellent environment for operations, storage, or manufacturing. This is a rare opportunity to secure a fully vacant, well-maintained warehouse in a desirable location. The property's single-tenant status ensures privacy and control, while its size is perfect for businesses seeking efficient and functional space. Interested parties are encouraged to inquire promptly to secure this exceptional property.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $535,000

    • CAP approach

      CAP return
      Estimation
      6%
      $555,000
      6.5%
      $530,000
      7%
      $640,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $570,000
      Geo Method
      $640,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $540,000
      Retail
      $520,000
      Mixed-Use
      $665,000
      Hospitality
      $690,000
      Educational
      $500,000
      Residential Income
      $660,000
      Energy
      $635,000
      Income-Based Land
      $680,000
      Food Service
      $580,000

    Location Insight

    • Map
    • Local Demand
    City
    Pelham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.7889
    Latitude
    33.2739
    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
    $4,850
    $0.00
    $0.00
    $83,620
    -
    $117,110
    $300,960
    $418,070

    Comparable in this City

    • Value Estimation by Request
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      View Details
    • Value Estimation by Request
      8,000 SF

      211 Applegate Trce

      WAREHOUSE, STORAGE • 8,000 SF
      211 Applegate Trce, Pelham, AL 35124-2945
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    • Value Estimation by Request
      5,040 SF

      300 Keystone Ct

      WAREHOUSE, STORAGE • 5,040 SF
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    • Value Estimation by Request
      7,200 SF

      2000 Mccain Pkwy

      WAREHOUSE, STORAGE • 7,200 SF
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      4,000 SF

      706 Thames Ct

      WAREHOUSE, STORAGE • 4,000 SF
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    • Value Estimation by Request
      3,465 SF

      Pelham, AL 35124

      WAREHOUSE, STORAGE • 3,465 SF
      Pelham, AL 35124
      View Details

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    111 Applegate Ct
    Pelham, AL 35124-2943
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    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
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