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

    12331 Hwy 11 Chelsea, AL 35043-3053

    • Retail properties
    • 5,060 SF
    • 5.10 lot acres
    OFF-MARKET
    Last Sale
    Mar 02, 2021
    $300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1066832
    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

    • Retail properties

    Property Details for 12331 Hwy 11

    Year built
    2009
    Lot size
    5.10 lot acres
    Property size
    5,060 SF
    Property type
    Retail properties
    APN
    98280001012001
    APU
    98280001012001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Chelsea
    County
    Shelby
    State
    Alabama
    Longitude
    -86.6559
    Latitude
    33.3496
    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
    $2,833
    $0.00
    $0.00
    $64,380
    -
    $176,610
    $145,290
    $321,900

    Comparable in this City

    • Value Estimation
      $970,000
      6,000 SF

      347 Chesser Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,000 SF
      347 Chesser Dr, Chelsea, AL 35043-8352
      View Details
    • Value Estimation by Request
      1,320 SF

      15692 Hwy 280

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,320 SF
      15692 Hwy 280, Chelsea, AL 35043-8312
      View Details
    • Value Estimation by Request
      3,200 SF

      69 Oak Hl Dr

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,200 SF
      69 Oak Hl Dr, Chelsea, AL 35043-5401
      View Details
    • Value Estimation by Request
      37,850 SF

      16054 Us-280

      Neighborhood centers • 37,850 SF
      16054 Us-280, Chelsea, AL 35043
      View Details
    • Value Estimation by Request
      4,920 SF

      1054 Griffin Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 4,920 SF
      1054 Griffin Rd, Chelsea, AL 35043-6269
      View Details
    • Value Estimation
      $920,000
      9,375 SF

      83 Chesser Crane Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 9,375 SF
      83 Chesser Crane Rd, Chelsea, AL 35043-8342
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      115.00 Acres

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    • $195,000
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      Chelsea Commercial Lakefront Lot

      Build Your Dream Office: Lake Views!
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    • $450,000
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      Chelsea Commercial Land - $450K

      Prime 1.53-acre commercial lot
      11575 Old Highway 280, Chelsea, AL 35043
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    • Contact for pricing
      1.00 Acre

      Chelsea Commercial Property - 1 Acre Lot

      Versatile Commercial Space - Huge Potential
      4163 County Road 39, Chelsea, AL 35043
      View Details
    • $350,000
      2,100 SF

      Agricultural Land with Mobile Home

      7.31 acres of agricultural land with mobile home.
      130 Mountain Crest Rd, Chelsea, AL 35043
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    • $1,200,000
      14.27 Acres

      Prime Commercial Land in Chelsea

      14.27 acres with frontage on busy Highway 280.
      0000 Highway 280, Chelsea, AL 35043
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      71,800 SF

      Chelsea Corners Retail Center

      High-traffic retail space in Chelsea, AL
      50 Chelsea Corners Way, Chelsea, AL 35043
      View Details
    • Contact for pricing

      Retail Space on Highway 280

      Retail pads and spaces for lease on US Highway 280.
      16585 & Chesser Crane Rd, Chelsea, AL 35043
      View Details
    • Contact for pricing
      37,850 SF

      Chelsea Crossings Retail Center

      High-traffic retail space in Chelsea, AL
      16054 Us-280, Chelsea, AL 35043
      View Details
    • Contact for pricing
      5,921 SF

      Prime Retail/Medical Space in Chelsea

      Move-in ready 2,300 SF space in a high-traffic location.
      361 Chelsea Xrd, Chelsea, AL 35043
      View Details
    • $15 SF/Yr
      10,000 SF

      New Flex/Industrial Building

      New 10,000 SF flex/industrial space in Chelsea, Alabama.
      10693 Old Highway 280, Chelsea, AL 35043
      View Details
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    12331 Hwy 11
    Chelsea, AL 35043-3053
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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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