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    1615 Powder Plant Rd Bessemer, AL 35022
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    1615 Powder Plant Rd, Bessemer, AL 35022

    View on Map
    • Commercial real estate
    • 13.00 lot acres
    Off-Market
    Property ID
    US03-0507925
    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 1615 Powder Plant Rd

    Lot size
    13.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 13-acre property presents a unique development opportunity in Bessemer, Alabama. Located at 1615 Powder Plant Rd, 35022, this expansive parcel is zoned A1 and offers significant potential for various uses, given its Agricultural, Commercial, and Residential subtypes. The land itself is notably flat and boasts convenient access from two sides, ensuring ease of development and accessibility. Adding to its appeal, the property includes two existing residential homes equipped with utilities, and sewer lines are conveniently located nearby. Situated in Jefferson County and partially within the city limits of Bessemer, this location offers proximity to major transportation routes, facilitating seamless connectivity. The site's adjacency to a new residential development further underscores its promising future and potential for expansion and growth. This large, flat parcel represents a rare chance to capitalize on a prime location with established infrastructure and significant development potential. The A1 zoning provides flexibility for a range of projects, making this an attractive investment for developers seeking a strategic foothold in a growing area.

    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
    Bessemer
    County
    Jefferson
    State
    Alabama
    Longitude
    -87.013877527514
    Latitude
    33.351271994179

    Comparable in this City

    • $74,900
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      Residential Lot in Birmingham, AL

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      0.32 Acres

      Residential Lot in Established Subdivision

      Third-acre lot for building in established Bessemer subdivision.
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    • $45,000
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      Residential Lots in Helena, AL

      Residential lots available for new construction in Helena, Alabama.
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      Vacant Lot in Bessemer

      Vacant land with old barn and forced sewer line.
      2219 Gaylewood Dr, Bessemer, AL 35022
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      Eight Lots Available for Sale

      Eight lots available, sold individually or as a whole.
      5801 Bayleaf Ln, Bessemer, AL 35022
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      Eight Lots Available for Sale

      Eight lots available for sale, sold individually or together.
      334 Mccalla Rd, Bessemer, AL 35022
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    Similar Nearby for Sale

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      0.35 Acres

      Residential Lot in Bessemer

      Third-acre lot in established subdivision, ready for building.
      4519 Sassafras Cir, Bessemer, AL 35022
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      0.39 Acres

      Residential Lot in Bessemer, AL

      Third-acre lot in established subdivision, ready for building.
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    • $70,000
      0.64 Acres

      Residential Lot in Birmingham, AL

      Residential lot with view, bring your own builder.
      134 Jewell Cir, Birmingham, AL 35022
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      1,132 SF

      Commercial Land with Office Potential

      Land with existing structure suitable for office or redevelopment.
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      Land Near Interstate For Sale

      Two acres of land with high visibility near the interstate.
      5628 Rock Mountain Lake Rd, Bessemer, AL 35022
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    Similar Nearby for Lease

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      Land for Yard/Trailer Storage

      Up to 3.00 acres of yard/trailer storage space.
      850 Powder Plant Rd, Bessemer, AL 35022
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      Undeveloped Land Near Retail Center

      8.75-acre site suitable for various commercial uses.
      1260 Greenmor Dr, Bessemer, AL 35022
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    • $6 SF/Yr

      Bessemer Commercial Building For Lease

      12,000 SF commercial building for lease in Bessemer.
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      Retail Space in Morgan Road

      Retail space available near restaurants and Bessemer Airport.
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      Retail Space for Lease

      Retail space available for lease.
      4889 Promenade Pkwy, Bessemer, AL 35022
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    1615 Powder Plant Rd
    Bessemer, AL 35022
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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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    1615 Powder Plant Rd, Bessemer, AL, 35022
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