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    2550 Five Star Pkwy Bessemer, AL 35022
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    Property profile & analytics

    2550 Five Star Pkwy, Bessemer, AL 35022

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    • Warehouses
    • 28,840 SF
    • 2.05 lot acres
    For Sale
    $2,250,000
    View Listing →
    Bessemer Flex Industrial Asset For Sale
    $2,250,000
    21,840 SF

    Bessemer Flex Industrial Asset

    High-performing flex industrial asset in a well-located setting.

    2550 Five Star Pkwy, Bessemer, AL 35022
    View Listing
    Property ID
    US03-0545432
    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

    • KS Heating & Air / Hardware & Home Improvement / HVAC Service
    • Valley Creek Land & Timber / Real Estate Agency
    • Falcon Logistics Inc / Logistics Company / Freight Service
    • Valley Creek Land & Timber, LLC / Forestry Service
    • DtfWrks.com / Textile Manufacturer / Factory

    Property Details for 2550 Five Star Pkwy

    Year built
    2008
    Lot size
    2.05 lot acres
    Zone code
    I3
    Property type
    Warehouses
    APN
    37-00-13-3-000-001.005
    APU
    3700133000001005

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 1, 2023 $1,025,000 Quail Ridge Investments LLC Industrial Dev Board Of City Of Bes Warranty Deed $813k · Commerceone Bank
    Aug 4, 2016 $550,000 The Industrial Dev Board Of Th First Financial Bank Warranty Deed $440k · First Financial
    Jul 1, 2010 — First Finl Bk Owner Name Unavailable Grant Deed · related —

    Description

    This exceptional 1,950-square-foot warehouse space is ideally situated in a premier Bessemer industrial park, conveniently located off Powder Plant Road. The unit offers a versatile layout, combining 595 square feet of office space with 1,355 square feet of high-bay warehouse area. The office space includes a restroom and multiple offices, providing a functional and comfortable workspace. The warehouse boasts a generous 20-foot clear ceiling height, facilitating efficient storage and operations. A 12' x 14' drive-in door ensures easy access for loading and unloading. This property is part of a larger building totaling 21,840 square feet, with this suite being the only available space. The location provides excellent access to major transportation arteries, Interstates 20 and 459, enhancing logistical efficiency. On-site signage opportunities are available, offering valuable branding potential. This light industrial space is perfect for businesses seeking a blend of office and warehouse functionality in a highly accessible and visible location. The property is located in Jefferson County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $855,000
      ML approach
      $850,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $856,000
      Market price range: $857k - $1.79M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,260,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Bessemer
    County
    Jefferson
    State
    Alabama
    Longitude
    -87.0145
    Latitude
    33.3804
    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
    2022
    $14,630
    $21,440
    $198,600
    $220,040
    -
    $107,200
    $993,000
    $1,100,200

    Comparable in this City

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      3747 Pne SE Ln

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      WAREHOUSE, STORAGE
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    • Value Estimation by Request
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      WAREHOUSE, STORAGE
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    • Value Estimation
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      114,117 SF

      2095 4th SW Ave

      WAREHOUSE, STORAGE
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      View Details
    • Value Estimation
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      201 Kilsby Cir

      WAREHOUSE, STORAGE
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      View Details

    Similar Nearby for Sale

    • $2,250,000

      Bessemer Flex Industrial Asset

      High-performing flex industrial asset in a well-located setting.
      2550 Five Star Pkwy, Bessemer, AL 35022
      View Details
    • Contact for pricing
      40,000 SF

      Bessemer Industrial Facility with Cranes

      Gated industrial property with heavy power and multiple cranes.
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      Commercial Land Near McCalla Center

      Commercial land for sale in developing area near shopping center.
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      Eight Lots Available for Sale

      Eight lots available, sold individually or as a whole.
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      Eight Lots Available for Sale

      Eight lots available for sale, sold individually or together.
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      Commercial Land on Morgan Road

      3-acre commercial land with high traffic road frontage.
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    Similar Nearby for Lease

    • Contact for pricing
      21,840 SF

      Bessemer Warehouse Space For Lease

      Prime Industrial Space, 1,950 SF Available
      2550 Five Star Pkwy, Bessemer, AL 35022
      View Details
    • Contact for pricing

      Bessemer Office/Warehouse Space Available

      Office and warehouse space for lease in Bessemer, Alabama.
      3695 Pine Lane Cir, Bessemer, AL 35022
      View Details
    • $6 SF/Yr

      Class A Warehouse Sub-Lease

      112,965 SF Class A warehouse with premier regional connectivity.
      4201 Lakeshore Pkwy, Bessemer, AL 35022
      View Details
    • Contact for pricing
      7,872 SF

      Office with Warehouse Space Available

      Office space with warehouse, convenient location, high-end finishes.
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      View Details
    • $6 SF/Yr

      Bessemer Commercial Building For Lease

      12,000 SF commercial building for lease in Bessemer.
      1201 4Th Ave SW, Bessemer, AL 35022
      View Details
    View Listing
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    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.

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