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

    215 Corporate Woods Dr Alabaster, AL 35007-4830

    • Warehouses
    • 14,295 SF
    • 1.94 lot acres
    OFF-MARKET
    Value Estimations
    $1,320,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1009150
    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

    • Warehouses

    Property Details for 215 Corporate Woods Dr

    Year built
    2005
    Construction
    WOOD
    Lot size
    1.94 lot acres
    Property size
    14,295 SF
    Property type
    Warehouses
    APN
    224190000004017
    APU
    224190000004017

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,319,000
      Market price range: $796k - $1.63M
      AI Estimate
      $1,319,000
      Market price range: $796k - $1.63M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,115,000
      Current use
      OFFICE BUILDING
      $2,100,000
      Change: +88% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,800,000
      Change: +62% Conversion: Difficult
      RETAIL STORES
      $1,785,000
      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
    -86.7905
    Latitude
    33.1885
    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
    $11,486
    $0.00
    $0.00
    $212,700
    -
    $88,860
    $974,560
    $1,063,420

    Comparable in this City

    • Value Estimation
      $865,000
      7,800 SF

      105 Corporate Woods Cir

      WAREHOUSE, STORAGE • 7,800 SF
      105 Corporate Woods Cir, Alabaster, AL 35007-4863
      View Details
    • Value Estimation
      $725,000
      7,520 SF

      208 Cloverdale Cir

      WAREHOUSE, STORAGE • 7,520 SF
      208 Cloverdale Cir, Alabaster, AL 35007-4646
      View Details
    • Value Estimation
      $505,000
      4,440 SF

      100 Cloverdale Dr

      WAREHOUSE, STORAGE • 4,440 SF
      100 Cloverdale Dr, Alabaster, AL 35007-4604
      View Details
    • Value Estimation
      $630,000
      8,750 SF

      524 Galloway Cir

      WAREHOUSE, STORAGE • 8,750 SF
      524 Galloway Cir, Alabaster, AL 35007-4027
      View Details
    • Value Estimation by Request
      7,860 SF

      8101 Hwy 119

      WAREHOUSE, STORAGE • 7,860 SF
      8101 Hwy 119, Alabaster, AL 35007-7533
      View Details
    • Value Estimation by Request
      3,876 SF

      134 Windsor Ct

      WAREHOUSE, STORAGE • 3,876 SF
      134 Windsor Ct, Alabaster, AL 35007-4133
      View Details

    Similar Nearby for Sale

    • $800,000
      7,800 SF

      Versatile Flex Space in Alabaster

      Flex space with warehouse, convenient location, expansion opportunity.
      105 Corporate Woods Cir, Alabaster, AL 35007
      View Details
    • $5,975,000
      87,000 SF

      Alabaster Warehouse/Manufacturing Building For Sale

      87,000 SF warehouse/manufacturing building in Alabaster's Airpark Industrial Park.
      100 Airpark Industrial Rd, Alabaster, AL 35007
      View Details
    • $1,650,000
      17,500 SF

      Alabaster Warehouse with Office/Showroom

      17,500 SF warehouse with office/showroom space for sale.
      130 Commercial Ct, Alabaster, AL 35007
      View Details
    • $8,500,000
      122.00 Acres

      Shelby East: 122 Acres Industrial Land

      Prime Alabaster, AL industrial land.
      595 Snow Dr, Alabaster, AL 35007
      View Details
    • $150,000
      1.00 Acre

      Alabaster Industrial Land for Sale

      Graded lots, utilities available, I-65 access.
      0 Interstate Commerce Park, Alabaster, AL 35007
      View Details
    • $894,900
      3.11 Acres

      Alabaster Industrial Property - Hwy 31

      High-traffic industrial site, flexible zoning.
      786 Highway 31, Alabaster, AL 35007
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,500 SF

      Freestanding Office Warehouse For Lease

      Freestanding office warehouse with yard area available for lease.
      8365 Highway 119, Alabaster, AL 35007
      View Details
    • $9 SF/Yr
      20,000 SF

      Alabaster Retail/Warehouse Space

      ±14,000 SF Retail & Warehouse Available
      349 1St St, Alabaster, AL 35007
      View Details
    • $6 SF/Yr
      87,000 SF

      Move-in Ready Alabaster Warehouse Space

      Warehouse space with drive-in doors and multiple yard spaces.
      100 Airpark Industrial Rd, Alabaster, AL 35007
      View Details
    • $6 SF/Yr
      87,000 SF

      Alabaster Industrial Space Available

      Multiple Suites, 87,000 SF Total
      100 Airpark Industrial Rd, Alabaster, AL 35007
      View Details
    • Contact for pricing
      7,700 SF

      Renovated Retail/Industrial Flex Space

      Newly renovated retail/industrial flex space with high ceilings.
      349-351 1St St SW, Alabaster, AL 35007
      View Details
    • Contact for pricing

      Retail Space in Alabaster, AL

      Retail space available in a vibrant Alabaster shopping district.
      100 Colonial Promenade Pkwy, Alabaster, AL 35007
      View Details
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    Alabaster, AL 35007-4830
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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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