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    1411 20Th Ave Northport, AL 35476
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    1411 20Th Ave Northport, AL 35476

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    • Commercial real estate
    For Sale
    $58,900
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    Commercial Lot in Central Location For Sale
    $58,900
    4,947 SF

    Commercial Lot in Central Location

    Commercial lot suitable for office or retail development.

    1411 20th Avenue, Northport, AL 35476
    View Listing
    Property ID
    US03-0155873
    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 1411 20Th Ave

    Property type
    Commercial real estate

    Description

    This exceptional 4,947 square foot commercial land parcel presents a fantastic opportunity for development in Northport, Alabama. Located at 1411 20th Ave, this ready-to-build lot boasts a flat, easily constructible surface, ideal for an office building or small warehouse/storage facility. Its central location just off Lurleen Wallace Boulevard offers excellent visibility and accessibility, ensuring convenient access for both employees and clients. The property is zoned C-3, allowing for a variety of light commercial uses. Priced competitively at $59,900, this translates to a land value of $12.15 per square foot, representing a strong investment opportunity in a thriving Alabama market. The lot's size and zoning make it suitable for a range of commercial ventures, providing flexibility for potential buyers. This is a rare chance to acquire a well-situated, build-ready lot in a desirable location within Tuscaloosa County, Alabama, zip code 35476. Don't miss this chance to establish your business in a prime Northport location. The property is conveniently located near Lurleen Wallace Boulevard. Serious inquiries are encouraged.

    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
    Northport
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.5773338
    Latitude
    33.2256291

    Comparable in this City

    • $390,000
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      Northport, AL Commercial Land

      2.1 acre commercial land for sale in Northport, Alabama.
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    • $699,000
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      Northport Commercial Lot For Sale

      Prime commercial lot in Northport with high visibility.
      - Lurleen Wallace Blvd, Northport, AL 35476
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    • $269,900

      Corner Lot in Riverfront Park

      Commercial land for sale with road frontage and utilities.
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    • $269,900
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      Northport Land with Road Frontage

      Corner lot in Riverfront Professional Park with utilities.
      1184 Rice Mine Rd, Northport, AL 35476
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    • $1,650,000
      7,184 SF

      Corner Acres in Northport, AL

      1.65 acres at a signalized intersection with high traffic.
      1907 24Th St, Northport, AL 35476
      View Details

    Similar Nearby for Sale

    • $390,000
      2.10 Acres

      Northport, AL Commercial Land

      2.1 acre commercial land for sale in Northport, Alabama.
      3r Owen Pkwy, Northport, AL 35476
      View Details
    • $699,000
      0.64 Acres

      Northport Commercial Lot For Sale

      Prime commercial lot in Northport with high visibility.
      - Lurleen Wallace Blvd, Northport, AL 35476
      View Details
    • $269,900

      Corner Lot in Riverfront Park

      Commercial land for sale with road frontage and utilities.
      1184 Rice Mine Rd N, Northport, AL 35476
      View Details
    • $269,900
      1.16 Acres

      Northport Land with Road Frontage

      Corner lot in Riverfront Professional Park with utilities.
      1184 Rice Mine Rd, Northport, AL 35476
      View Details
    • $1,650,000
      7,184 SF

      Corner Acres in Northport, AL

      1.65 acres at a signalized intersection with high traffic.
      1907 24Th St, Northport, AL 35476
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
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      Retail Space in Growing Northport

      3,500 SF retail space in a busy Northport center.
      5550 Mcfarland Blvd, Northport, AL 35476
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    • $14 SF/Yr
      3,000 SF

      Retail Space in Black Warrior

      3,000 SF retail space with flexible floor plan.
      240 Mcfarland Blvd, Northport, AL 35476
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    • $5,250 /Mo
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      Northport Retail/Restaurant Space Available

      2,035 SF former restaurant space for lease in Northport.
      2701 Lurleen B Wallace Blvd, Northport, AL 35476
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    • $3,500 /Mo
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      Northport Retail Space For Rent

      3,000 SF retail space available in Northport, Alabama.
      230 Mcfarland Blvd, Northport, AL 35476
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    • $4,000 /Mo
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      Retail Space on McFarland Boulevard

      Retail space for lease with high traffic and ample parking.
      1825 Mcfarland Blvd, Tuscaloosa, AL 35476
      View Details
    • Contact for pricing

      Class A Office Space Available

      Office suites for lease in desirable Northport location.
      1300 Mcfarland Blvd N, Northport, AL 35476
      View Details
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    Northport, AL 35476
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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.

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