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    1204 Industrial Pkwy Saraland, AL 36571-3724
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    Property profile & analytics

    1204 Industrial Pkwy Saraland, AL 36571-3724

    View on Map
    • Turn key restaurants
    • 1,771 SF
    • 0.69 lot acres
    Off-Market
    Property ID
    US03-0866598
    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

    • Waffle House / Restaurant

    Property Details for 1204 Industrial Pkwy

    Year built
    1994
    Lot size
    0.69 lot acres
    Property size
    1,771 SF
    Property type
    Turn key restaurants
    APN
    22 03 08 2 000 045.XXX
    APU
    2203082000045XXX

    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
    Saraland
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1003
    Latitude
    30.8028
    CBSA code
    33660
    CBSA name
    MOBILE, 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
    $3,966
    $24,080
    $42,580
    $66,660
    -
    $120,400
    $212,900
    $333,300

    Comparable in this City

    • Value Estimation by Request
      2,999 SF

      407 Saraland N Blvd

      RESTAURANT • 2,999 SF
      407 Saraland N Blvd, Saraland, AL 36571-2111
      View Details
    • Value Estimation
      $555,000
      5,032 SF

      429 Saraland N Blvd

      RESTAURANT • 5,032 SF
      429 Saraland N Blvd, Saraland, AL 36571-2100
      View Details
    • Value Estimation by Request
      3,249 SF

      124 Saraland S Blvd

      RESTAURANT • 3,249 SF
      124 Saraland S Blvd, Saraland, AL 36571-2834
      View Details
    • Value Estimation
      $650,000
      3,585 SF

      1108 Shelton Bch Rd

      RESTAURANT • 3,585 SF
      1108 Shelton Bch Rd, Saraland, AL 36571-3016
      View Details
    • Value Estimation
      $1,570,000
      3,039 SF

      803 Saraland S Blvd

      RESTAURANT • 3,039 SF
      803 Saraland S Blvd, Saraland, AL 36571-3601
      View Details
    • Value Estimation
      $740,000
      4,481 SF

      1208 Shelton Bch Rd

      RESTAURANT • 4,481 SF
      1208 Shelton Bch Rd, Saraland, AL 36571-3017
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Saraland Land For Sale

      8.58 AC available for sale or ground lease.
      Industrial Pkwy, Saraland, AL 36571
      View Details
    • Contact for pricing

      Saraland Restaurant Opportunity For Sale

      7,000 SF former restaurant on 1.05 AC parcel.
      929 Saraland Blvd S, Saraland, AL 36571
      View Details
    • $875,000
      7,000 SF

      Saraland Restaurant - Prime Location

      High-traffic, 7,000 SF restaurant, ample parking.
      929 Saraland Blvd S, Saraland, AL 36571
      View Details
    • $429,900
      4,396 SF

      Saraland Retail Building Investment

      High-visibility, multi-tenant retail space.
      820 - 828 Saraland Blvd S, Saraland, AL 36571
      View Details
    • $350,000

      Former Shooting Facility For Sale

      Indoor shooting facility with display lobby, just off Highway 43.
      15 Harris Ave, Saraland, AL 36571
      View Details
    • $285,000
      3,365 SF

      Saraland Commercial Space For Sale

      Prime Office, Retail, & Warehouse in Saraland, AL
      304 Shelton Beach Rd, Saraland, AL 36571
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Freestanding Building on Highway 43

      Recently renovated 2,500 SF freestanding building with commercial kitchen.
      922 Saraland Blvd S, Saraland, AL 36571
      View Details
    • Contact for pricing

      Saraland Retail Space Available

      Retail spaces available, ranging from 1,401 to 1,470 SqFt.
      21 Shell St, Saraland, AL 36571
      View Details
    • Contact for pricing
      26,000 SF

      Saraland Retail Space For Rent

      21,600 SF retail space with ample parking and highway visibility.
      10 Saraland Blvd North, Saraland, AL 36571
      View Details
    • Contact for pricing
      38,668 SF

      Retail Space in Saraland Center

      Retail space available in redeveloped shopping center near Industrial Parkway.
      947 Saraland Blvd S, Saraland, AL 36571
      View Details
    • $28 SF/Yr
      1,404 SF

      Saraland Retail Space - 1404 SF

      Prime Saraland retail space, NNN lease. High-traffic location.
      1016 industrial park, Saraland, AL 36571
      View Details
    • Contact for pricing

      Grocery Anchored Retail Center

      Retail spaces available in Saraland, anchored by Rouses Grocery.
      100 Saraland Loop, Saraland, AL 36571
      View Details
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    Saraland, AL 36571-3724
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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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