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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 Watterson Pkwy Trussville, AL 35173-2453

    • Investment properties
    • 5,840 SF
    • 1.31 lot acres
    OFF-MARKET
    Value Estimations
    $735,000
    Show details
    Cap Rate Potential
    8.4%
    Investment properties
    Location Intelligence
    Property ID
    US03-1050818
    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

    • Investment properties

    Property Details for 115 Watterson Pkwy

    Year built
    2017
    Lot size
    1.31 lot acres
    Property size
    5,840 SF
    Zone code
    C1
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    12-00-26-1-008-022.000
    APU
    1200261008022000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $740,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,160,000
      Change: +57% Conversion: Moderate
      MEDICAL BUILDING
      $930,000
      Change: +26% Conversion: Easy
      AUTO REPAIR, GARAGE
      $825,000
      Change: +12% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $825,000
      Change: +11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Trussville
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.6086
    Latitude
    33.6134
    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
    2022
    $11,959
    $68,680
    $179,380
    $248,060
    -
    $343,400
    $896,900
    $1,240,300

    Comparable in this City

    • Value Estimation by Request
      1,458 SF

      104 Chalkville Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,458 SF
      104 Chalkville Rd, Trussville, AL 35173-1408
      View Details
    • Value Estimation
      $3,445,000
      23,575 SF

      6351 Chalkville Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 23,575 SF
      6351 Chalkville Rd, Trussville, AL 35173-2456
      View Details
    • Value Estimation by Request
      1,333 SF

      404 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,333 SF
      404 Main St, Trussville, AL 35173-1427
      View Details
    • Value Estimation
      $535,000
      3,559 SF

      471 Argo Margaret Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,559 SF
      471 Argo Margaret Rd, Trussville, AL 35173-4358
      View Details
    • Value Estimation
      $1,400,000
      11,613 SF

      4643 Cp Coleman Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 11,613 SF
      4643 Cp Coleman Rd, Trussville, AL 35173-2821
      View Details
    • Value Estimation
      $530,000
      4,054 SF

      115 Chalkville Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,054 SF
      115 Chalkville Rd, Trussville, AL 35173-1376
      View Details

    Similar Nearby for Sale

    • $65,000
      0.47 Acres

      Residential Lot in Gated Community

      Residential lot in Trussville, gated community, lake access.
      8451 Ledge Cir, Trussville, AL 35173
      View Details
    • $30,000
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      Residential Land in Prime Location

      0.70-acre homesite near downtown Trussville, build your dream home.
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    • $52,900
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      Residential Lot in Trussville, AL

      Spacious homesite in Trussville school district with convenient access.
      6719 Mossy Oak Cv, Trussville, AL 35173
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    • $1,440,000
      90.00 Acres

      90 Acres in Trussville, AL

      90 acres of land available for development in Trussville, AL.
      7620 Cook Rd, Trussville, AL 35173
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    • $500,000
      6.61 Acres

      Land in Trussville, Alabama

      6.61 acres of land suitable for development or family compound.
      731 Pineview Rd, Trussville, AL 35173
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    • $55,000
      0.70 Acres

      Residential Lot in Gated Community

      Residential lot in Trussville, AL, with community amenities.
      4029 Overlook Way, Trussville, AL 35173
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    Similar Nearby for Lease

    • $12 SF/Yr
      4,400 SF

      Jefferson County Creative Office Space

      1-Story Office/Warehouse, 4,400 SF Available
      2801 Queenstown Rd, Trussville, AL 35173
      View Details
    • Contact for pricing
      223,152 SF

      Trussville Power Center Retail Space

      High-traffic Power Center; Spaces Available
      1600 Gadsden Hwy, Trussville, AL 35173
      View Details
    • Contact for pricing
      6,000 SF

      Howard Plaza: Trussville Retail Space

      Prime Trussville storefront, 6,000 sq ft available.
      1830 Gadsden Hwy, Trussville, AL 35173
      View Details
    • Contact for pricing
      2,469 SF

      Retail Space in Trussville Center

      Retail space available in a high-traffic Trussville power center.
      1600-1654 Gadsden Hwy, Trussville, AL 35173
      View Details
    • $4,500 /Mo

      Retail Space For Rent

      Retail space available for lease.
      8004 Micklewright Rd, Trussville, AL 35173
      View Details
    • $5 SF/Yr

      Industrial Facility in Trussville, AL

      Freestanding industrial facility with excellent access to major highways.
      1811 Woodlands Industrial Dr, Birmingham, AL 35173
      View Details
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    115 Watterson Pkwy
    Trussville, AL 35173-2453
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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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