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    Property profile & analytics

    400 60th St Fairfield, AL 35064-2035

    • Office properties & Spaces
    • 4,550 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $580,000
    Show details
    Cap Rate Potential
    6.8%
    Office properties & Spaces
    Location Intelligence
    Property ID
    US03-0922850
    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

    • Fairfield Industrial High School / High School

    Property Details for 400 60th St

    Year built
    1941
    Lot size
    0.11 lot acres
    Property size
    4,550 SF
    Zone code
    B1
    Property type
    Office properties & Spaces
    APN
    30-00-13-2-003-011.000
    APU
    3000132003011000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $530,000
      Current use
      MEDICAL BUILDING
      $725,000
      Change: +37% Conversion: Easy
      AUTO REPAIR, GARAGE
      $645,000
      Change: +22% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $640,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $435,000
      Change: -17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Fairfield
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.9135
    Latitude
    33.4788
    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
    $0.00
    $3,080
    $37,660
    $40,740
    -
    $15,400
    $188,300
    $203,700

    Comparable in this City

    • Value Estimation by Request
      1,875 SF

      5006 Gary Ave

      OFFICE (GENERAL) • 1,875 SF
      5006 Gary Ave, Fairfield, AL 35064-1349
      View Details
    • Value Estimation by Request
      1,620 SF

      208 49th St

      OFFICE (GENERAL) • 1,620 SF
      208 49th St, Fairfield, AL 35064-1311
      View Details
    • Value Estimation by Request
      2,500 SF

      4505 Gary Ave

      OFFICE (GENERAL) • 2,500 SF
      4505 Gary Ave, Fairfield, AL 35064-1339
      View Details
    • Value Estimation by Request
      3,000 SF

      4400 Gary Ave

      OFFICE (GENERAL) • 3,000 SF
      4400 Gary Ave, Fairfield, AL 35064-1336
      View Details
    • Value Estimation
      $2,975,000
      25,354 SF

      5694 Vly Rd

      OFFICE (GENERAL) • 25,354 SF
      5694 Vly Rd, Fairfield, AL 35064
      View Details
    • Value Estimation
      $765,000
      133,182 SF

      6200 Ej Oliver Blvd

      OFFICE (GENERAL) • 133,182 SF
      6200 Ej Oliver Blvd, Fairfield, AL 35064-1299
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.11 Acres

      Fairfield Office Building For Lease

      Former Bank, High Visibility, Great Location
      7205 Aaron Aronov Dr, Fairfield, AL 35064
      View Details
    • $50,000
      Pending

      FAIRFIELD Office Commercial Space

      Office or commercial space available in FAIRFIELD, Alabama.
      5006 Gary Ave, Fairfield, AL 35064
      View Details
    • $530,000
      7,000 SF

      Fairfield, AL Office Building - $530K

      7,000 SF Office, Ample Parking, I-20 Access
      5705 Valley Rd, Fairfield, AL 35064
      View Details
    • Contact for pricing
      7,000 SF

      Turn-Key Bank Branch Available

      Bank branch with additional office space and ample parking.
      5705 Valley Rd, Fairfield, AL 35064
      View Details
    • Contact for pricing

      Prime Fairfield Retail Space

      Former Walmart, 204,805 SF, 15.97 Acres
      7201 Aaron Aronov Dr, Fairfield, AL 35064
      View Details
    • New
      $55,000
      0.79 Acres

      Fairfield Land for Residential Development

      Large lot suitable for residential development in Fairfield, Alabama.
      6599 Seminole Cir, Fairfield, AL 35064
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      204,805 SF

      Former Super Walmart Retail Space

      204,805 SF retail building on 15.97 acres for lease.
      7201 Aaron Aronov Dr, Fairfield, AL 35064
      View Details
    • Contact for pricing
      3,800 SF

      Fairfield Retail Building For Sale

      Prime location, 3,800 sq ft, drive-thru.
      7200 Aaron Aronov Dr, Fairfield, AL 35064
      View Details
    • $2,000 /Mo

      Retail Space For Rent

      Retail space available for lease in Fairfield, Alabama.
      7205 Aaron Aronov Dr, Fairfield, AL 35064
      View Details
    Request Owner's contact information
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    400 60th St
    Fairfield, AL 35064-2035
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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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