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Property profile & analytics
FOR SALE
Warehouses

224 Private Road 1568 Midland City, AL 36350

7,500 SF 18.02 ac lot Built 1985
Individually Owned 2-yr Hold Free & Clear
Property ID
US03-1702535
Property summary
AI-generated overview

This exceptional commercial property in Midland City, Alabama, presents a unique investment opportunity. Situated on a sprawling 18-acre lot (784,080 sq ft), this property boasts two substantial warehouses. The first warehouse offers approximately 8,500 square feet of space, complemented by a covered area ideal for outdoor equipment storage. The second warehouse, measuring approximately 7,500 square feet, includes a generator and storefront, enhancing its versatility. A convenient loading dock at the rear and covered side areas provide protection from inclement weather. Adding to the property's functionality are two sheds, one situated on a concrete slab. A shop/storefront at the front of the property is perfect for a retail operation or business. A mobile home is also located on the site. The property's strategic location between Highways 231 and 431 offers excellent accessibility and visibility, making it an attractive proposition for a wide range of commercial ventures. The asking price is $599,000. This is a rare opportunity to acquire a substantial commercial property with significant development potential in a high-demand area. The property is zoned for commercial use.

Property profile
Verified
Property type Warehouses
Use group MINI-WAREHOUSE, STORAGE
Year built 1985
Total area 7,500 SF
Lot 18.02 ac (784,951 SF)
APN 16-05-15-0-001-004.001
UPID US03-1702535
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Mary Carolyn Conner Yance · 2 yrs held
Mary Carolyn Conner Yance
since 2023
1 recorded transaction
2023
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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