Sign Up Successful!
You now have access to more from Realmo!
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

    451 Southgate Dr, Unit A Pelham, AL 35124-1186

    • Commercial real estate
    • 0.70 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0627263
    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

    • Budget Car and Truck Rental / Car Rental Facility
    • Budget Truck Rental / Car Rental Facility
    • Rare Transportation / Freight Service / Logistics Company

    Property Details for 451 Southgate Dr

    Lot size
    0.70 lot acres
    Property type
    Commercial real estate
    APN
    109313001001006
    APU
    109313001001006

    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
    Pelham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.7878
    Latitude
    33.3355
    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
    $2,328
    $0.00
    $0.00
    $40,140
    -
    $190,270
    $10,390
    $200,660

    Comparable in this City

    • Value Estimation by Request

      31 1.5 +/- Acre Cor Hwy

      Land
      31 1.5 +/- Acre Cor Hwy, Pelham, AL 35124
      View Details
    • Value Estimation by Request
      39.00 Acres

      5154 Highway 11

      Commercial real estate • 39.00 Acres
      5154 Highway 11, Pelham, AL 35124
      View Details
    • Value Estimation by Request
      1.44 Acres

      3356 Pelham Pkwy

      COMMERCIAL (GENERAL) • 1.44 Acres
      3356 Pelham Pkwy, Pelham, AL 35124
      View Details
    • Value Estimation by Request
      6,000 SF

      2038 Valleydale Mobile Home Park

      COMMERCIAL (GENERAL) • 6,000 SF
      2038 Valleydale Mobile Home Park, Pelham, AL 35124
      View Details
    • Value Estimation by Request
      0.31 Acres

      1912 20th S St

      COMMERCIAL (GENERAL) • 0.31 Acres
      1912 20th S St, Pelham, AL 35124
      View Details
    • Value Estimation by Request
      2.50 Acres

      Pelham, AL 35124

      COMMERCIAL (GENERAL) • 2.50 Acres
      Pelham, AL 35124
      View Details

    Similar Nearby for Sale

    • $149,000
      0.39 Acres

      Pelham Commercial Land - $149K

      0.39-acre lot, B-2 zoning, prime location.
      0 Hilltop Business Ctr Dr, Pelham, AL 35124
      View Details
    • Contact for pricing
      9.50 Acres

      Pelham Office Land - I-65 Frontage

      9.5 Acres, Prime Commercial Land
      2651 Oak Mountain State Park Rd, Pelham, AL 35124
      View Details
    • $875,000

      Hwy 31 Pelham Corner Lot

      1.5-acre commercial land, high visibility.
      0 1.5 +/- Acre Cor Hwy 31, Pelham, AL 35124
      View Details
    • $750,000
      1.84 Acres

      Pelham Parkway Commercial Land

      1.84 Acres, B2 Zoning, High Traffic
      3421 Pelham Pkwy, Pelham, AL 35124
      View Details
    • Contact for pricing
      10.00 Acres

      Oak Mountain Commercial Land

      10 Acres, High-Visibility Location
      0 Oak Mountain Dr, Pelham, AL 35124
      View Details
    • $1,500,000
      2.52 Acres

      Helena Road Corner Commercial Land

      Prime Pelham location, high visibility, B-2 zoning.
      0 Helena Rd At Beaver Crk Pkwy, Pelham, AL 35124
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      13,800 SF

      Pelham Parkway Retail Space

      1,700 SF Retail Space, High Traffic
      2691 Pelham Pkwy, Pelham, AL 35124
      View Details
    • Contact for pricing
      65,936 SF

      Keystone Plaza: Retail Investment Opportunity

      High-traffic shopping center with 2 spaces available.
      3570 Pelham Pkwy, Pelham, AL 35124
      View Details
    • Contact for pricing
      2,425 SF

      Retail Space with Drive-Thru

      Retail and office spaces available in Pelham, Alabama.
      1920-1948 Highway 31 S, Pelham, AL 35124
      View Details
    • $10,000 /Mo
      10,204 SF

      Pelham Parkway Showroom/Warehouse Space

      Renovated showroom/warehouse with excellent visibility and convenient access.
      3543 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
    • Contact for pricing
      5,300 SF

      Pelham Parkway Office Space Available

      5,300 sq ft Single-Tenant Office
      2706 Pelham Pkwy, 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.
    451 Southgate Dr, Unit A
    Pelham, AL 35124-1186
    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.