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

    515 Celeste Rd Saraland, AL 36571

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-3079955
    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 515 Celeste Rd

    Property type
    Commercial real estate
    APN
    1908330006068xxx

    Description

    This exceptional commercial land offering in Saraland, Alabama, consists of four contiguous parcels totaling approximately 12.64 acres (2.29, 2.79, 2.8, and 4.76 acres respectively, APNs: 1908330006086xxx, 1908330006068xxx, 1908330006069.002, and 1908330006069xxx). Strategically located at 515 Celeste Rd, 36571, Mobile County, this property enjoys a prime location just 2.5 miles from the City of Saraland's new Sports & Recreation Complex, "The Land," presenting significant development potential. The property is zoned for commercial use, offering flexibility for a variety of projects. The asking price for this substantial land holding is $4,370,842. Detailed information regarding the amenities and features of "The Land" sports complex is available upon request. This presents a unique opportunity for investors seeking a large-scale commercial development site in a rapidly growing area. The property's proximity to the new sports complex promises increased visibility and potential for high foot traffic, making it an attractive investment for businesses seeking a strategic location. This is a rare opportunity to acquire a significant land parcel in a desirable location with excellent growth potential.

    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
    Saraland
    County
    Mobile
    State
    Alabama
    Longitude
    -88.084894913507
    Latitude
    30.829161160694

    Comparable in this City

    • $119,000

      Undeveloped Land For Sale

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    • $33,000
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      Saraland Commercial Land Opportunity

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      0.67 Acres

      Residential Land in Saraland, AL

      Residential land available for custom home construction in Saraland, Alabama.
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    • $250,000

      Hwy 43 Saraland Retail Land

      Prime Saraland location, high visibility, owner financing.
      207 Us-43, Saraland, AL 36571
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    • $4,500,000

      Saraland Commercial Land For Sale

      12.5 acre commercial property in a prime Saraland location.
      523 Celeste Rd, Saraland, AL 36571
      View Details
    • $47,500
      Pending

      Saraland Land Near I-65

      Land with easy access to I-65 and Hwy 43.
      8 Pine Ct, Saraland, AL 36571
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    Similar Nearby for Sale

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      Hwy 43 Saraland Retail Land

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    • $279,900
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      Saraland Land Near I-65

      6.4 acre commercial land parcel in Saraland, Alabama.
      304 Celeste Rd, Saraland, AL 36571
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    • $38,000

      Residential Building Lot in Saraland

      1.5 acre residential lot, convenient location in Saraland, Alabama.
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    • $4,500,000

      Saraland Commercial Land For Sale

      12.5 acre commercial property in a prime Saraland location.
      523 Celeste Rd, Saraland, AL 36571
      View Details
    • $47,500
      Pending

      Saraland Land Near I-65

      Land with easy access to I-65 and Hwy 43.
      8 Pine Ct, Saraland, AL 36571
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    • Contact for pricing
      1.00 Acre

      Saraland Commercial Land - 8.8 Acres

      Prime Saraland location, ideal for development. All or part available.
      0 Industrial Pkwy, Saraland, AL 36571
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    Similar Nearby for Lease

    • $0.84 SF/Yr
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      Saraland Commercial Land Opportunity

      Prime 1.36-acre corner lot in Saraland, AL.
      0 Celeste Rd, Saraland, AL 36571
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    • $125,000
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      Saraland Retail Land: Prime Location

      1.25 acres, customizable pads, I-65 access.
      1405-D Industrial Pkwy, Saraland, AL 36571
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    • $2 SF/Yr

      Saraland Retail Sites and Outparcels

      Retail sites and outparcels available in Saraland, Alabama.
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    • $2 SF/Yr

      Saraland Retail Sites and Outparcels

      Retail sites available in fast-growing Saraland, Alabama.
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    • $1,800 /Mo

      Highway 43 N Land Available

      Land on Highway 43 N suitable for various businesses.
      319 Saraland Blvd, Saraland, AL 36571
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    • $3,000 /Mo
      300,564 SF

      Saraland Industrial Yard - Lease

      6.9-acre industrial lot, prime location.
      701 Bill Myles Dr, Saraland, AL 36571
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    515 Celeste Rd
    Saraland, AL 36571
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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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