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Property profile & analytics
FOR SALE
Office buildings

5690 Watermelon Rd Northport, AL 35473

0.55 ac lot Built 2015
Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US03-2101693
Property summary
AI-generated overview

This exceptional 10,413 square foot vacant lot presents a unique opportunity for developers and businesses seeking a strategic location to build their ideal office space. Situated at 5690 Watermelon Road in Northport, Alabama, this property is perfectly positioned within a rapidly expanding area, promising significant future growth and high return on investment. The lot itself offers ample space for a substantial office building, allowing for flexible design and construction to meet specific business needs. Its location in Northport provides easy access to major transportation routes, ensuring convenient commutes for employees and clients alike. The area's burgeoning commercial sector offers a vibrant and supportive business environment, making this an ideal location for businesses of all sizes. This is a rare chance to secure a prime piece of land in a high-growth area, allowing for the creation of a custom-built office tailored to specific requirements. The absence of existing structures allows for complete design freedom and efficient construction timelines. Don't miss this exceptional opportunity to establish a strong presence in a thriving Northport commercial district. The asking price of $388,000 reflects the significant potential of this property and its strategic location. Act quickly to secure this valuable asset.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2015
Lot 0.55 ac (23,978 SF)
Zoning code C-2
APN 20-07-35-4-001-021.006
UPID US03-2101693
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Kennedy Hawn Properties LLC · 6 yrs held
Kennedy Hawn Properties LLC
since 2020
Last sale
$325,000
1 recorded transaction
2020
$325,000
Zoning & alternative use
C-2 · Northport, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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More about this property
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