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Property profile & analytics
OFF-MARKET Estimated value $535,000
Warehouses

111 Applegate Ct Pelham, AL 35124-2943

5,312 SF 0.47 ac lot Built 2000
Entity Owned 1-yr Hold Free & Clear
Property ID
US03-2967387
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2000
Construction WOOD
Total area 5,312 SF
Lot 0.47 ac (20,473 SF)
APN 144193001010012
UPID US03-2967387
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
  • Donovan Builders LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$535k
CAP Approach CAP
$415k
Comparable Approach Comparable
$511k
Blend (final) Blend
$535k
Owner & transaction history
111 Applegate Court LLC · 1 yrs held
111 Applegate Court LLC
since 2024
Last sale
$535,000
2 recorded transactions
2024
$535,000
2020
$410,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $690,000 +68.0%
Retail stores $665,000 +61.9%
Office building $655,000 +59.7%
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