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

    309 Norton Ave Saraland, AL 36571-2304

    • Warehouses
    • 11,200 SF
    • 1.02 lot acres
    OFF-MARKET
    Value Estimations
    $945,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0557639
    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 309 Norton Ave

    Year built
    2004
    Lot size
    1.02 lot acres
    Property size
    11,200 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    22 02 04 0 002 052.001
    APU
    2202040002052001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,004,000
      Market price range: $404k - $1.10M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $675,000
      Current use
      OFFICE BUILDING
      $1,200,000
      Change: +78% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $995,000
      Change: +47% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $805,000
      Change: +19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Saraland
    County
    Mobile
    State
    Alabama
    Longitude
    -88.0793
    Latitude
    30.8216
    CBSA code
    33660
    CBSA name
    MOBILE, 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
    $3,568
    $8,880
    $83,200
    $92,080
    -
    $44,400
    $416,000
    $460,400

    Comparable in this City

    • Value Estimation by Request
      2,700 SF

      413 Saraland N Blvd

      MINI-WAREHOUSE, STORAGE • 2,700 SF
      413 Saraland N Blvd, Saraland, AL 36571-2111
      View Details
    • Value Estimation by Request
      6,000 SF

      1516 Celeste Rd

      MINI-WAREHOUSE, STORAGE • 6,000 SF
      1516 Celeste Rd, Saraland, AL 36571
      View Details
    • Value Estimation
      $650,000
      25,840 SF

      622 Saraland S Blvd

      MINI-WAREHOUSE, STORAGE • 25,840 SF
      622 Saraland S Blvd, Saraland, AL 36571-3603
      View Details
    • Value Estimation
      $5,240,000
      132,527 SF

      250 Jacintoport Blvd

      WAREHOUSE, STORAGE • 132,527 SF
      250 Jacintoport Blvd, Saraland, AL 36571-3305
      View Details
    • Value Estimation
      $3,650,000
      61,670 SF

      425 Saraland S Blvd

      WAREHOUSE, STORAGE • 61,670 SF
      425 Saraland S Blvd, Saraland, AL 36571-2820
      View Details
    • Value Estimation
      $900,000
      40,501 SF

      721 Bill Myles Dr

      WAREHOUSE, STORAGE • 40,501 SF
      721 Bill Myles Dr, Saraland, AL 36571-3301
      View Details

    Similar Nearby for Sale

    • $259,900
      3,280 SF

      Saraland Warehouse with Office Space

      Warehouse with office, shed, and yard in Saraland, Alabama.
      23 Station St, Saraland, AL 36571
      View Details
    • $285,000
      3,365 SF

      Saraland Commercial Space For Sale

      Prime Office, Retail, & Warehouse in Saraland, AL
      304 Shelton Beach Rd, Saraland, AL 36571
      View Details
    • $259,900
      3,100 SF

      Saraland Warehouse & Office Space

      3100 SF Warehouse, Office, & Shed - Great Investment!
      23 Station St, Saraland, AL 36571
      View Details
    • $339,900
      3,906 SF

      Saraland Warehouse/Office - 3906 SF

      Prime Saraland location, 3906 sq ft, 5 bay doors. High traffic area.
      810 Saraland Blvd S, Saraland, AL 36571
      View Details
    • $261,360
      1.00 Acre

      Saraland Commercial Land - $261,360

      Prime 1-acre commercial lot, high visibility.
      205a Industrial Pkwy, Saraland, AL 36571
      View Details
    • $245,000
      1.03 Acres

      Saraland Commercial Land - Build to Suit

      Prime 1.03-acre lot, ideal for retail or office development.
      416 Saraland Blvd, Saraland, AL 36571
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      98,600 SF

      Saraland Warehouse - 98,600 SF

      Large warehouse, ideal distribution, Saraland, AL
      252 Jacintoport Blvd, Saraland, AL 36571
      View Details
    • $7 SF/Yr
      2,125 SF

      Saraland Warehouse with Office Space

      2,125± SF warehouse with office near Highway 43.
      206 Saraland Blvd S, Saraland, AL 36571
      View Details
    • $6 SF/Yr
      86,500 SF

      Saraland Warehouse with River Access

      86,500 SF warehouse with 12 docks in secure location.
      248 Jacintoport Blvd, Saraland, AL 36571
      View Details
    • $14,634 /Mo
      357,192 SF

      8.2 AC Saraland Industrial Land

      Prime Saraland acreage, ideal industrial/agricultural use.
      0 8.2 Ac Land/Industrial Yard Sawmill Rd, Saraland, AL 36571
      View Details
    • $0.84 SF/Yr
      43,560 SF

      Saraland Commercial Land Opportunity

      Prime 1.36-acre corner lot in Saraland, AL.
      0 Celeste Rd, Saraland, AL 36571
      View Details
    • $12 SF/Yr
      4,225 SF

      Saraland Retail Space Available

      Prime 4,225 SF Retail Suite in Saraland, AL
      96 - 124 Saraland Loop, Saraland, AL 36571
      View Details
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    309 Norton Ave
    Saraland, AL 36571-2304
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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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