Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    338 Business Cir Pelham, AL 35124-1701

    • Distribution centers
    • 10,880 SF
    • 0.20 lot acres
    OFF-MARKET
    Value Estimations
    $910,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1590586
    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

    • Atlas Copco / Factory / Industrial Manufacturer
    • Southern Tool Specialist, Inc / Tool Wholesaler
    • Southern Tool Specialist Inc / (Bike/Boat/Book/etc) Store / Building Supply

    Property Details for 338 Business Cir

    Year built
    1998
    Construction
    WOOD
    Lot size
    0.20 lot acres
    Property size
    10,880 SF
    Property type
    Distribution centers
    APN
    136141001003004
    APU
    136141001003004

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $907,000
      Market price range: $587k - $1.22M
      AI Estimate
      $907,000
      Market price range: $587k - $1.22M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $840,000
      Current use
      COMMERCIAL (GENERAL)
      $1,410,000
      Change: +68% Conversion: Difficult
      RETAIL STORES
      $1,360,000
      Change: +62% Conversion: Moderate
      OFFICE BUILDING
      $1,340,000
      Change: +60% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Pelham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8138
    Latitude
    33.3011
    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
    2023
    $8,715
    $0.00
    $0.00
    $148,680
    -
    $73,570
    $669,800
    $743,370

    Comparable in this City

    • Value Estimation
      $765,000
      9,600 SF

      181 Chandalar Pl Dr

      DISTRIBUTION WAREHOUSE • 9,600 SF
      181 Chandalar Pl Dr, Pelham, AL 35124-1968
      View Details
    • Value Estimation
      $4,855,000
      43,206 SF

      201 Parker Dr

      DISTRIBUTION WAREHOUSE • 43,206 SF
      201 Parker Dr, Pelham, AL 35124-1924
      View Details
    • Value Estimation
      $710,000
      6,300 SF

      221 Applegate Trce

      DISTRIBUTION WAREHOUSE • 6,300 SF
      221 Applegate Trce, Pelham, AL 35124-2945
      View Details
    • Value Estimation by Request
      1,650 SF

      Pelham, AL 35124

      DISTRIBUTION WAREHOUSE • 1,650 SF
      Pelham, AL 35124
      View Details
    • Value Estimation
      $680,000
      11,500 SF

      Pelham, AL 35124

      DISTRIBUTION WAREHOUSE • 11,500 SF
      Pelham, AL 35124
      View Details
    • Value Estimation
      $985,000
      8,750 SF

      Pelham, AL 35124

      DISTRIBUTION WAREHOUSE • 8,750 SF
      Pelham, AL 35124
      View Details

    Similar Nearby for Sale

    • $1,800,000
      20,000 SF

      Highway Frontage Industrial Flex Building

      20,000 SF flex building with highway frontage for sale.
      40 Commerce Dr, Pelham, AL 35124
      View Details
    • $3,500,000

      Pelham Warehouse and Fabrication Shops

      80,568 SF warehouse with fabrication and machine shops for sale.
      1 Breco Industrial Park, Pelham, AL 35124
      View Details
    • $435,000
      2,368 SF

      Mixed-Use Building in Pelham, AL

      Flexible office and operational space in prime Pelham location.
      3110 Cummins St, Pelham, AL 35124
      View Details
    • Contact for pricing
      22,400 SF

      Pelham Warehouse with Secure Bays

      22,400 SF warehouse with four secure bays in Pelham.
      1455 Mccain Pkwy, Pelham, AL 35124
      View Details
    • $695,000
      1.84 Acres

      PELHAM, AL - Commercial Land

      Commercial land with road frontage in a high-traffic area.
      3421 Pelham Pkwy, Pelham, AL 35124
      View Details
    • $49,000
      1.37 Acres

      Residential Land in Pelham, AL

      1.373 acre residential land for sale in Pelham, Alabama.
      3470 Mitoba Trl, Pelham, AL 35124
      View Details

    Similar Nearby for Lease

    • $10,000 /Mo

      Pelham Parkway Showroom/Warehouse Space

      Renovated showroom/warehouse with excellent visibility and convenient access.
      3543 Pelham Pkwy, Pelham, AL 35124
      View Details
    • Contact for pricing

      Move-In Ready Office Space Available

      Office and flex spaces available in Pelham, Alabama.
      334 Business Cir, Pelham, AL 35124
      View Details
    • Contact for pricing

      Pelham Highway 31 Mixed-Use Space

      Retail, office, and storage space with Highway 31 frontage.
      2706 Pelham Pkwy, Pelham, AL 35124
      View Details
    • $11 SF/Yr

      Versatile Commercial Space in Pelham

      Modern property in Pelham, AL, suitable for various businesses.
      246 Cahaba Valley Pkwy, Pelham, AL 35124
      View Details
    • $9 SF/Yr

      Pelham Flex Warehouse Sublease

      8,750 SF flex warehouse with office space available for sublease.
      220 Commerce Pkwy, Pelham, AL 35124
      View Details
    • Contact for pricing

      Renovated Executive Office Suites

      Executive office suites for lease in Pelham, Alabama.
      230 Bearden Rd, Pelham, AL 35124
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    338 Business Cir
    Pelham, AL 35124-1701
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!