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

    1650 Boone Blvd Northport, AL 35476-3471

    • Manufacturing properties
    • 174,000 SF
    • 46.44 lot acres
    OFF-MARKET
    Last Sale
    Nov 15, 2023
    Value Estimations
    $6,555,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2671298
    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

    • Manufacturing properties

    Property Details for 1650 Boone Blvd

    Year built
    2015
    Lot size
    46.44 lot acres
    Property size
    174,000 SF
    Zone code
    R-1
    Property type
    Manufacturing properties
    APN
    32-06-13-0-000-002.012
    APU
    3206130000002012

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $6,425,000
      Market price range: $2.06M - $10.6M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $5,385,000
      Current use
      MEDICAL BUILDING
      $10,590,000
      Change: +97% Conversion: Difficult
      WAREHOUSE, STORAGE
      $8,515,000
      Change: +58% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Northport
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.6416
    Latitude
    33.2247
    CBSA code
    46220
    CBSA name
    TUSCALOOSA, 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
    $190,758
    $139,320
    $5,028,100
    $5,167,420
    -
    $696,600
    $25,140,500
    $25,837,100

    Comparable in this City

    • Value Estimation
      $605,000
      46,400 SF

      8915 Energy Ln

      HEAVY MANUFACTURING • 46,400 SF
      8915 Energy Ln, Northport, AL 35476-3468
      View Details
    • Value Estimation by Request
      89,820 SF

      1701 Boone Blvd

      HEAVY MANUFACTURING • 89,820 SF
      1701 Boone Blvd, Northport, AL 35476-3456
      View Details
    • Value Estimation by Request
      4,413 SF

      3005 5th St

      MANUFACTURING (LIGHT) • 4,413 SF
      3005 5th St, Northport, AL 35476-4741
      View Details
    • Value Estimation
      $1,490,000
      211,838 SF

      6801 5th St

      MANUFACTURING (LIGHT) • 211,838 SF
      6801 5th St, Northport, AL 35476-3433
      View Details
    • Value Estimation by Request
      6,600 SF

      2906 11Th St

      Refrigerated & Cold Storages • 6,600 SF
      2906 11Th St, Northport, AL 35476
      View Details
    • Value Estimation
      $640,000
      52,150 SF

      6424 6th St

      MANUFACTURING (LIGHT) • 52,150 SF
      6424 6th St, Northport, AL 35476-3440
      View Details

    Similar Nearby for Sale

    • $1,250,000
      0.93 Acres

      Northport Industrial Property: Prime Location

      High-yield industrial investment opportunity.
      2710 Mcfarland Blvd, Northport, AL 35476
      View Details
    • Contact for pricing
      41,656 SF

      Retail/Flex Warehouse in Northport, AL

      41,656 SF retail/flex warehouse in a strong retail corridor.
      6451 Mcfarland Blvd, Northport, AL 35476
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    • $2,400,000
      49,000 SF

      Northport Industrial Facility For Sale

      49,000 SF industrial facility suitable for owner-user or investor.
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    • $1,995,000
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      Prime Northport Commercial Land

      9 Acres, High Visibility, US Hwy 82
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    • $75,000

      Land on Lurleen Wallace Blvd

      Land available on Lurleen Wallace Blvd in Northport, Alabama.
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      Northport, AL Commercial Land

      2.1 acre commercial land for sale in Northport, Alabama.
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    Similar Nearby for Lease

    • New
      $5,000 /Mo
      10,000 SF

      Northport Warehouse Space for Lease

      10,000 SF warehouse space in Northport, Alabama for lease.
      3160 Mcfarland Blvd, Northport, AL 35476
      View Details
    • New
      $12,000 /Mo
      24,000 SF

      Northport Warehouse Space Available

      24,000 SF warehouse space for lease in Northport, AL.
      3160 Mcfarland Blvd, Northport, AL 35476
      View Details
    • $5 SF/Yr
      49,000 SF

      Northport Industrial Facility For Lease

      49,000 SF industrial facility with highway access in Northport, AL.
      3160 Mcfarland Blvd, Northport, AL 35476
      View Details
    • $5 SF/Yr
      49,000 SF

      3160 McFarland Blvd

      Distribution properties • 49,000 SF
      3160 Mcfarland Blvd, Northport, AL 35476
      View Details
    • New
      $7,500 /Mo
      15,000 SF

      Northport Warehouse Space For Lease

      15,000 SF warehouse space with multiple loading options.
      3160 Mcfarland Blvd, Northport, AL 35476
      View Details
    • Contact for pricing
      211,838 SF

      Northport Warehouse Sublease Opportunity

      50,000 SF Industrial Space Available
      6801 5Th St, Northport, AL 35476
      View Details
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    1650 Boone Blvd
    Northport, AL 35476-3471
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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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