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

    2873 Ready Section Rd Toney, AL 35773-8657

    • Sports & entertainment properties
    • 3,876 SF
    • 0.60 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0808660
    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

    • Sports & entertainment properties

    Property Details for 2873 Ready Section Rd

    Year built
    1980
    Lot size
    0.60 lot acres
    Property size
    3,876 SF
    Property type
    Sports & entertainment properties
    APN
    05-05-22-0-000-051.001
    APU
    505220000051001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Toney
    County
    Madison
    State
    Alabama
    Longitude
    -86.7294
    Latitude
    34.9336
    CBSA code
    26620
    CBSA name
    HUNTSVILLE, 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
    $449
    $4,200
    $8,460
    $12,660
    -
    $21,000
    $42,300
    $63,300

    Comparable in this City

    • Value Estimation by Request
      784 SF

      10967 Pulaski Pike

      RECREATIONAL, ENTERTAINMENT • 784 SF
      10967 Pulaski Pike, Toney, AL 35773-9377
      View Details
    • Value Estimation by Request
      1,540 SF

      Toney Rd

      RECREATIONAL, ENTERTAINMENT • 1,540 SF
      Toney Rd, Toney, AL 35773
      View Details
    • Value Estimation by Request
      864 SF

      1555 Opp Reynolds Rd

      RECREATIONAL, ENTERTAINMENT • 864 SF
      1555 Opp Reynolds Rd, Toney, AL 35773-7454
      View Details
    • Value Estimation
      $1,115,000
      14,058 SF

      7671 Hwy 53

      RECREATIONAL, ENTERTAINMENT • 14,058 SF
      7671 Hwy 53, Toney, AL 35773-8503
      View Details
    • Value Estimation by Request
      3,403 SF

      905 Rolan Gooch Rd

      RECREATIONAL, ENTERTAINMENT • 3,403 SF
      905 Rolan Gooch Rd, Toney, AL 35773-7140
      View Details
    • Value Estimation by Request
      4,532 SF

      8710 Hwy 53

      RECREATIONAL, ENTERTAINMENT • 4,532 SF
      8710 Hwy 53, Toney, AL 35773-8575
      View Details

    Similar Nearby for Sale

    • $310,000
      9.80 Acres

      Toney, AL Commercial Land

      9.8 Acres, County Zoned, $310,000
      0 Ready Section Rd, Toney, AL 35773
      View Details
    • Contact for pricing
      17,600 SF

      Industrial Property: Toney, AL

      Large Industrial Space, 3 Buildings
      6594 Old Railroad Bed Rd, Toney, AL 35773
      View Details
    • $200,000

      Toney, AL Land Parcel

      4.09 acre land parcel in Toney, Alabama.
      764 Monroe Nunley Rd, Toney, AL 35773
      View Details
    • $45,000
      0.63 Acres

      Residential Land in Established Neighborhood

      0.63 acre lot suitable for building a dream home.
      Jessica Dr, Toney, AL 35773
      View Details
    • $59,900
      0.92 Acres

      Residential Lot in Toney, AL

      Level 0.92-acre lot in established neighborhood.
      220 Jamie Ln, Toney, AL 35773
      View Details
    • $100,000
      4.00 Acres

      Wooded Land Parcel in Toney

      Four-acre wooded land parcel with deeded right of way.
      4 Acres Carters Gin Rd, Toney, AL 35773
      View Details

    Similar Nearby for Lease

    • $7 SF/Yr
      104,000 SF

      Modern Huntsville Industrial Space

      104,000 SF Flex Space, Jan 2024 Delivery
      7401 Pulaski Pike, Toney, AL 35773
      View Details
    • $12,000 /Mo
      17,600 SF

      Toney Commercial Property for Rent

      Three-building commercial property totaling 17,600 SF in Toney, AL.
      6594 Old Railroad Bed Rd, Toney, AL 35773
      View Details
    • $5,500 /Mo
      2,400 SF

      Toney Commercial Flex/Office Space

      Flex/Office space available for lease in Toney, Alabama.
      508 Mount Lebanon Rd, Toney, AL 35773
      View Details
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    2873 Ready Section Rd
    Toney, AL 35773-8657
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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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