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    Property profile & analytics

    5105 Mcfarland Blvd Northport, AL 35476

    • Commercial real estate
    • 9.00 lot acres
    For Sale
    View listing
    $1,995,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2052400
    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

    • Commercial real estate

    Property Details for 5105 Mcfarland Blvd

    Lot size
    9.00 lot acres
    Property type
    Commercial real estate
    APN
    31-03-08-3-004-003.000

    Description

    This exceptional 9-acre commercial land parcel in Northport, Alabama, presents a remarkable investment opportunity. Located on McFarland Boulevard (US Highway 82), the property boasts approximately 425 linear feet of road frontage, enhanced by a dedicated median cut ensuring excellent visibility and accessibility. The relatively flat terrain simplifies development, while the strategic location offers unparalleled sitelines for maximum impact. The property is zoned C-6, allowing for a wide range of commercial uses. The parcel's APN is 31-03-08-3-004-003.000. With an average daily traffic count of 36,124 vehicles, this location guarantees high exposure and significant foot traffic potential. Further enhancing its value, the City of Northport owns the adjacent parcel across the highway and has designated it for a future city waterpark, promising increased traffic and community interest in the area. This presents a unique chance to capitalize on the synergy of a thriving commercial environment and a major municipal development. The asking price for this prime commercial land is $1,995,000.

    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
    Northport
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.606177979311
    Latitude
    33.236702611749

    Comparable in this City

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      Northport Commercial Land Opportunity

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    Similar Nearby for Sale

    • Contact for pricing
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      Land Parcel in Northport, AL

      Versatile land parcel ideal for development or investment.
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    • $75,000

      Land on Lurleen Wallace Blvd

      Land available on Lurleen Wallace Blvd in Northport, Alabama.
      Lurleen Wallace Blvd, Northport, AL 35476
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    • $269,900
      1.16 Acres

      Northport Land with Road Frontage

      Corner lot in Riverfront Professional Park with utilities.
      1184 Rice Mine Rd, Northport, AL 35476
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    • $390,000
      2.10 Acres

      Northport, AL Commercial Land

      2.1 acre commercial land for sale in Northport, Alabama.
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    • $499,900
      2.20 Acres

      Northport Commercial Land For Sale

      2.2 acre commercial land parcel in a great location.
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    • New
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      Northport Commercial Land Opportunity

      Three adjacent commercial lots near Tuscaloosa Airport in Northport, Alabama.
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      View Details

    Similar Nearby for Lease

    • $1,190 /Mo
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      Retail Space in Northport, AL

      Neighborhood retail center with steady traffic and reliable demand.
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    • $4,500 /Mo
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      Northport Commercial Space For Rent

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      3,000 SF retail space suitable for various business types.
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      Northport Restaurant - High Traffic Area

      Prime Northport location, 2,035 sq ft, high visibility.
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    • $19,396 /Mo
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      Northport Industrial Facility For Lease

      49,000 SF industrial facility with highway access in Northport, AL.
      3160 Mcfarland Blvd, Northport, AL 35476
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    • $124,992
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      Prime Retail Space - Northport, AL

      Former Pizza Hut, 3778 sq ft, high traffic area.
      2500 Mcfarland Blvd, Northport, AL 35476
      View Details
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    Northport, AL 35476
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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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