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Property profile & analytics
OFF-MARKET Estimated value $7,385,000
Investment properties

5850 Hwy 53 Harvest, AL 35749-4300

45,790 SF 13.39 ac lot Built 2008
Entity Owned 11-yr Hold Free & Clear
Property ID
US03-0783709
Property summary
AI-generated overview

This exceptional 1.13-acre commercial land parcel presents a unique investment opportunity in the thriving Harvest community of Madison County, Alabama. Situated at 5850 Highway 53, this Lot 6A outparcel is ideally located within the bustling Harvest Square shopping center, anchored by a Publix supermarket. The high visibility and convenient access afforded by its Highway 53 location ensure significant exposure to a substantial customer base. Priced at $640,000, or $13 per square foot, this property offers exceptional value for developers and investors seeking a prime location for a variety of commercial ventures. The land's size and strategic placement within a well-established retail center make it an attractive prospect for businesses seeking high foot traffic and strong brand visibility. The Harvest area, just northwest of Huntsville, is experiencing robust growth, making this a particularly compelling investment in a dynamic and expanding market. This is a rare opportunity to acquire a highly desirable commercial lot in a prime location with excellent potential for future growth and profitability. The property is zoned for commercial use and ready for immediate development. Detailed site plans and zoning information are available upon request. Don't miss this chance to secure a piece of this thriving Alabama commercial landscape.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 2008
Total area 45,790 SF
Lot 13.39 ac (583,443 SF)
APN 06-06-23-0-000-006.009
UPID US03-0783709
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
$8.51M
Comparable Approach Comparable
$5.10M
Blend (final) Blend
$7.39M
Owner & transaction history
Ireit Harvest Square LLC · 11 yrs held
Ireit Harvest Square LLC
since 2014
2 recorded transactions
2014
Price N/A
2011
$12.4M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $9.5M +22.7%
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