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Property profile & analytics
OFF-MARKET Estimated value $590,000
Industrial properties

1453 Johnson Ave New Hope, AL 35760-9632

16,240 SF 2.7 ac lot Built 1974
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Property ID
US03-1953936
Property summary
AI-generated overview

This exceptional 16,240-square-foot manufacturing building presents a compelling investment opportunity in New Hope, Alabama. Situated on a 2.7-acre lot at 1453 Johnson Ave, 35760, this single-story, Class C industrial property offers significant potential. Built in 1974 and recently refreshed with a new paint job, the building features one loading dock and one dock-high door, providing efficient material handling. Inside, you'll find a well-maintained manufacturing space complemented by offices, a full kitchen, and two restrooms. The property boasts both 200 and 400 Amp electrical service, ensuring ample power for operations. A recent addition has expanded the production area, added a washroom, and increased storage capacity. The expansive lot allows for future expansion, catering to the needs of a growing business. This versatile warehouse/manufacturing facility combines functionality with significant development potential, making it an ideal acquisition for businesses seeking a strategic location and robust infrastructure in Madison County, Alabama. The asking price is $695,000, translating to $42.80 per square foot. This property offers a rare blend of established functionality and future growth potential.

Property profile
Verified
Property type Industrial properties
Use group HEAVY INDUSTRIAL
Year built 1974
Total area 16,240 SF
Lot 2.7 ac (117,612 SF)
APN 29-01-11-2-002-005.001
UPID US03-1953936
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Flag Place Central Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$385k
CAP Approach CAP
by Request
Comparable Approach Comparable
$650k
Blend (final) Blend
$590k
Owner & transaction history
New Rope Building LLC · 5 yrs held
New Rope Building LLC
since 2021
2 recorded transactions
2021
Price N/A
2009
$10,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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