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    Property profile & analytics

    1556 Simmsville Rd Alabaster, AL 35007-8200

    • Distribution centers
    • 10,840 SF
    • 0.86 lot acres
    OFF-MARKET
    Value Estimations
    $835,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1667835
    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

    • Five Star Heating & Cooling / Hardware & Home Improvement / HVAC Service
    • SAC Wireless Office / Corporate Office

    Property Details for 1556 Simmsville Rd

    Year built
    2005
    Construction
    WOOD
    Lot size
    0.86 lot acres
    Property size
    10,840 SF
    Property type
    Distribution centers
    APN
    137361001027002
    APU
    137361001027002

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $835,000
      Market price range: $604k - $1.24M
      AI Estimate
      $835,000
      Market price range: $604k - $1.24M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $845,000
      Current use
      COMMERCIAL (GENERAL)
      $1,365,000
      Change: +62% Conversion: Difficult
      RETAIL STORES
      $1,355,000
      Change: +60% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Alabaster
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8
    Latitude
    33.2571
    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
    $7,276
    $0.00
    $0.00
    $134,740
    -
    $118,010
    $555,620
    $673,630

    Comparable in this City

    • Value Estimation
      $20,345,000
      220,000 SF

      1330 Corporate Woods Dr

      DISTRIBUTION WAREHOUSE • 220,000 SF
      1330 Corporate Woods Dr, Alabaster, AL 35007-4856
      View Details
    • Value Estimation
      $555,000
      4,875 SF

      103 New Venture Way

      DISTRIBUTION WAREHOUSE • 4,875 SF
      103 New Venture Way, Alabaster, AL 35007-5067
      View Details
    • Value Estimation
      $5,290,000
      75,103 SF

      Alabaster, AL 35007

      DISTRIBUTION WAREHOUSE • 75,103 SF
      Alabaster, AL 35007
      View Details
    • Value Estimation
      $11,565,000
      154,440 SF

      175 Airview Ln

      DISTRIBUTION WAREHOUSE • 154,440 SF
      175 Airview Ln, Alabaster, AL 35007-4853
      View Details
    • Value Estimation
      $10,870,000
      121,500 SF

      885 Corporate Woods Dr

      DISTRIBUTION WAREHOUSE • 121,500 SF
      885 Corporate Woods Dr, Alabaster, AL 35007-4862
      View Details
    • Value Estimation
      $560,000
      9,000 SF

      103 Longview Cir

      DISTRIBUTION WAREHOUSE • 9,000 SF
      103 Longview Cir, Alabaster, AL 35007-4664
      View Details

    Similar Nearby for Sale

    • $800,000
      7,800 SF

      Versatile Flex Space in Alabaster

      Flex space with warehouse, convenient location, expansion opportunity.
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    • $894,900
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      Alabaster Industrial Property - Hwy 31

      High-traffic industrial site, flexible zoning.
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      17,500 SF warehouse with office/showroom space for sale.
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      33,730 SF

      Former YMCA Facility on 3 Acres

      33,730 SF former YMCA on 3 acres available for sale.
      117 Plaza Cir, Alabaster, AL 35007
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    • $650,000
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      Commercial Lots on County Rd

      Two commercial lots totaling 4.6 acres near Hwy 119.
      2040 Butler Rd, Alabaster, AL 35007
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    • $229,900
      1.55 Acres

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    Similar Nearby for Lease

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      4,500 SF

      Freestanding Office Warehouse For Lease

      Freestanding office warehouse with yard area available for lease.
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    • Contact for pricing

      Office Warehouse Opportunity For Rent

      Office and warehouse space available in a prime location.
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    • Contact for pricing

      Alabaster Retail and Office Spaces

      Retail, office, and warehouse spaces available for lease in Alabaster.
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      View Details
    • Contact for pricing
      7,700 SF

      Renovated Retail/Industrial Flex Space

      Newly renovated retail/industrial flex space with high ceilings.
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      View Details
    • Contact for pricing

      Retail Space in Alabaster Hub

      9,775 SF retail space in a growing Alabaster hub.
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      View Details
    • Contact for pricing

      Land Available Near Shelby Hospital

      Prime commercial land for ground lease or build to suit.
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      View Details
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    1556 Simmsville Rd
    Alabaster, AL 35007-8200
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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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