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

    275 Drexel SE Rd Bessemer, AL 35022-6416

    • Manufacturing properties
    • 28,953 SF
    • 5.80 lot acres
    OFF-MARKET
    Last Sale
    Aug 04, 2020
    $6,000,000
    Value Estimations
    $4,785,000
    Show details
    Cap Rate Potential
    5.3%
    Manufacturing properties
    Location Intelligence
    Property ID
    US03-0518902
    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

    • Southern CaseArts / Manufacturer

    Property Details for 275 Drexel SE Rd

    Year built
    1986
    Lot size
    5.80 lot acres
    Property size
    28,953 SF
    Zone code
    I1
    Property type
    Manufacturing properties
    APN
    42-00-01-2-000-001.008
    APU
    4200012000001008

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,015,000
      ML approach
      $3,890,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,440,000
      6.5%
      $4,100,000
      7%
      $3,805,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $7,395,000
      APARTMENT HOUSE (5+ UNITS)
      $5,755,000
      MEDICAL BUILDING
      $4,610,000
      AUTO REPAIR, GARAGE
      $4,095,000
      NEIGHBORHOOD: SHOPPING CENTER
      $4,085,000
      COMMERCIAL (GENERAL)
      $3,170,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bessemer
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.911
    Latitude
    33.332
    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
    $35,202
    $25,520
    $580,860
    $606,380
    -
    $127,600
    $2,904,300
    $3,031,900

    Comparable in this City

    • Value Estimation
      $615,000
      21,232 SF

      295 Drexel SE Rd

      MANUFACTURING (LIGHT) • 21,232 SF
      295 Drexel SE Rd, Bessemer, AL 35022
      View Details
    • Value Estimation
      $255,000
      18,750 SF

      3031 Dublin Cir

      MANUFACTURING (LIGHT) • 18,750 SF
      3031 Dublin Cir, Bessemer, AL 35022-4837
      View Details
    • Value Estimation
      $235,000
      3,219 SF

      4000 Farr Rd

      MANUFACTURING (LIGHT) • 3,219 SF
      4000 Farr Rd, Bessemer, AL 35022-4836
      View Details
    • Value Estimation
      $340,000
      15,500 SF

      1145 Industrial Blvd

      MANUFACTURING (LIGHT) • 15,500 SF
      1145 Industrial Blvd, Bessemer, AL 35022-6010
      View Details
    • Value Estimation
      $265,000
      4,000 SF

      5301 Southland Cir

      MANUFACTURING (LIGHT) • 4,000 SF
      5301 Southland Cir, Bessemer, AL 35022-8306
      View Details
    • Value Estimation
      $665,000
      72,040 SF

      3152 Dublin Ln

      MANUFACTURING (LIGHT) • 72,040 SF
      3152 Dublin Ln, Bessemer, AL 35022-4838
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25.00 Acres

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      Prime Alabama acreage, ideal for development.
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      80.00 Acres

      Bessemer Industrial Land - 80 Acres

      Prime 80-acre industrial site in Bessemer, AL.
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      8.75 Acres

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    • $1,200,000
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      Bessemer, AL Commercial Land Opportunity

      High-value land with existing home, C3A1 zoning.
      170 Mccalla Rd, Bessemer, AL 35022
      View Details
    • $189,000
      11.43 Acres

      11.43 Acres Bessemer Residential Land

      Prime Residential Land, 11.43 Acres, Bessemer, AL
      8183 Hopewell Rd, Bessemer, AL 35022
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    • $2,800,000
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      Medical Office Building Investment Opportunity

      Fully leased medical office building with strong tenant mix.
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    Similar Nearby for Lease

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      311,900 SF

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      New Class A Warehouse, 311,900 SF
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      View Details
    • $7 SF/Yr

      Warehouse Space Near Interstate I-20/59

      Sublease warehouse space with excellent location near I-20/59.
      900 Powder Plant Rd, Bessemer, AL 35022
      View Details
    • $9 SF/Yr
      7,872 SF

      Office with Warehouse Space Available

      Office space with warehouse, convenient location, high-end finishes.
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      View Details
    • Contact for pricing
      304,920 SF

      Bessemer Industrial Yard For Lease

      Seven-acre outdoor storage yard in Bessemer, AL.
      1355 Industrial Blvd, Bessemer, AL 35022
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    • 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
      99,893 SF

      Bessemer Retail Center - 59 West

      High-traffic retail space available. Multiple suites, ample parking.
      59 Academy Dr & Interstate 59, Bessemer, AL 35022
      View Details
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    275 Drexel SE Rd
    Bessemer, AL 35022-6416
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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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