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    120 Mordecai Ln Bessemer, AL 35022
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    Property profile & analytics

    120 Mordecai Ln, Bessemer, AL 35022

    View on Map
    • Commercial real estate
    • 11.00 lot acres
    Off-Market
    Property ID
    US03-0615974
    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
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 120 Mordecai Ln

    Lot size
    11.00 lot acres
    Property type
    Commercial real estate

    Description

    This ±11-acre property in Bessemer, Alabama, presents a unique development opportunity. Located at 120 Mordecai Ln, 35022, this land boasts exceptional visibility from I-59/20, just west of Exit 108 Academy Drive, offering significant exposure for any development. Currently zoned AG1, the property requires rezoning for multi-family or commercial uses. The site is ideal for various projects, including multi-family housing, senior or assisted living facilities, and other commercial ventures. Key features include approximately 1000 feet of interstate frontage, level land, and two active wells on-site. All municipal utilities are available at the property line or on-site. The high traffic volume of I-59/20 (59,612 vehicles per day) further enhances the property's desirability. Its proximity to New Medical West Hospital (8 minutes away) and easy access to I-459 and I-59/20 provide additional advantages. This prime location and versatile zoning potential make this an attractive investment for developers seeking a high-impact project in a rapidly growing area. The asking price is $950,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bessemer
    County
    Jefferson
    State
    Alabama
    Longitude
    -87.00564999
    Latitude
    33.36074391

    Comparable in this City

    • $150,000
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      Land Near New Publix

      3.7 acres of land near Morgan Road and South Shades Crest.
      3318 Morgan Rd, Bessemer, AL 35022
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    • $32,900
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      Residential Acreage in Bessemer, AL

      One-acre residential lot in Bessemer/McCalla area.
      3874 Black Hawk Dr, Bessemer, AL 35022
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      Lakeshore Parkway Pad Ready Sites

      Pad ready sites available along Lakeshore Parkway Corridor.
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      Pending

      Residential Land with Crest Views

      One-acre building site with crest and sunset views.
      5620 S Shades Crest Rd, Helena, AL 35022
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    • $79,500
      1.37 Acres

      Bessemer Acreage in Camp Creek

      1.37 acre lot in private, gated Bessemer neighborhood.
      3B Cabin Rd, Bessemer, AL 35022
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    • $62,000
      6.00 Acres

      Wooded Lot in Bessemer, AL

      Six-acre wooded lot with deeded easement for residential construction.
      4376 SOUTH Shades Crest Rd, Bessemer, AL 35022
      View Details

    Similar Nearby for Sale

    • $150,000
      3.70 Acres

      Land Near New Publix

      3.7 acres of land near Morgan Road and South Shades Crest.
      3318 Morgan Rd, Bessemer, AL 35022
      View Details
    • $32,900
      1.00 Acre

      Residential Acreage in Bessemer, AL

      One-acre residential lot in Bessemer/McCalla area.
      3874 Black Hawk Dr, Bessemer, AL 35022
      View Details
    • Contact for pricing

      Lakeshore Parkway Pad Ready Sites

      Pad ready sites available along Lakeshore Parkway Corridor.
      Lakeshore Pkwy, Bessemer, AL 35022
      View Details
    • Contact for pricing
      Pending

      Residential Land with Crest Views

      One-acre building site with crest and sunset views.
      5620 S Shades Crest Rd, Helena, AL 35022
      View Details
    • $79,500
      1.37 Acres

      Bessemer Acreage in Camp Creek

      1.37 acre lot in private, gated Bessemer neighborhood.
      3B Cabin Rd, Bessemer, AL 35022
      View Details
    • $62,000
      6.00 Acres

      Wooded Lot in Bessemer, AL

      Six-acre wooded lot with deeded easement for residential construction.
      4376 SOUTH Shades Crest Rd, Bessemer, AL 35022
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Undeveloped Land Near Retail Center

      8.75-acre site suitable for various commercial uses.
      1260 Greenmor Dr, Bessemer, AL 35022
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      Land for Yard/Trailer Storage

      Up to 3.00 acres of yard/trailer storage space.
      850 Powder Plant Rd, Bessemer, AL 35022
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      7,872 SF

      Office with Warehouse Space Available

      Office space with warehouse, convenient location, high-end finishes.
      5690 Pine Lane Cir, Bessemer, AL 35022
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      21,840 SF

      Bessemer Warehouse Space For Lease

      Prime Industrial Space, 1,950 SF Available
      2550 Five Star Pkwy, Bessemer, AL 35022
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    • $20 SF/Yr

      Medical Office Tower For Lease

      Five-story medical office tower with highway visibility and ample parking.
      975 9Th Ave Southwest, Bessemer, AL 35022
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    • $15 SF/Yr

      Retail Space Near I-459

      Retail space with high visibility and convenient location.
      3985 Parkwood Rd, Bessemer, AL 35022
      View Details
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    Bessemer, AL 35022
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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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    120 Mordecai Ln, Bessemer, AL, 35022
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