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

    6594 Old Railroad Bed Rd Toney, AL 35773

    • Retail properties
    • 9,600 SF
    • 20.00 lot acres
    For Lease
    View listing
    $12,000 /Mo
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-2160889
    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

    • Nuvintage Corvettes LLC / Auto Restoration Service / Auto Body Shop
    • Megan Shumate / General Practitioner / Physician Assistant

    Property Details for 6594 Old Railroad Bed Rd

    Year built
    2011
    Lot size
    20.00 lot acres
    Property size
    9,600 SF
    Property type
    Retail properties
    APN
    05-08-28-0-000-033.001
    APU
    508280000033001

    Description

    This exceptional industrial property, located at 6594 Old Railroad Bed Road in Toney, Alabama, offers a substantial 17,600 square feet of space across three separate buildings situated on a 3-acre lot. The main building boasts a generous 13,600 square feet, comprised of 9,600 square feet on the ground level and an additional 4,000 square feet upstairs. This building's dimensions are 80 feet by 120 feet (ground level) and 80 feet by 50 feet (upper level). Conveniently included within this main structure are dedicated office spaces, restrooms, and a kitchen/break room area. A second building, measuring 40 feet by 60 feet (2,400 square feet), is currently equipped with car lifts and machinery, offering immediate utility for automotive or similar operations. Finally, a third building, 40 feet by 40 feet (1,600 square feet), houses an auto paint booth and associated painting equipment, providing a complete solution for vehicle finishing. The property's expansive size and versatile building configuration present a unique opportunity for a variety of industrial uses. The asking price for this significant industrial property is $15,000. This represents a compelling investment opportunity in a desirable location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,482,000
      Market price range: $504k - $1.48M
      AI Estimate
      $1,444,000
      Market price range: $662k - $1.44M

    • Alternative Use

      Use
      Estimation
      SERVICE SHOP (TV, RADIO, ELECTRIC, PLUMBING)
      $940,000
      Current use
      MEDICAL BUILDING
      $1,995,000
      Change: +112% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,625,000
      Change: +73% Conversion: Difficult
      OFFICE BUILDING
      $1,595,000
      Change: +70% Conversion: Difficult
      RETAIL STORES
      $1,450,000
      Change: +54% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Toney
    County
    Madison
    State
    Alabama
    Longitude
    -86.7336
    Latitude
    34.9231
    CBSA code
    26620
    CBSA name
    HUNTSVILLE, 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
    $6,119
    $31,100
    $140,420
    $171,520
    -
    $243,000
    $1,052,500
    $1,295,500

    Comparable in this City

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    • Value Estimation by Request
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      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,500 SF
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    • Value Estimation by Request
      5,000 SF

      10000 Pulaski Pike

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,000 SF
      10000 Pulaski Pike, Toney, AL 35773-7204
      View Details
    • Value Estimation
      $745,000
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      3775 Jeff Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,000 SF
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    • Value Estimation by Request
      1,440 SF

      1944 Ready Section Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,440 SF
      1944 Ready Section Rd, Toney, AL 35773-7111
      View Details
    • Value Estimation by Request
      2,208 SF

      25787 Al Hwy 251

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,208 SF
      25787 Al Hwy 251, Toney, AL 35773-8447
      View Details

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      Vacant lot with utilities and mature landscaping ready for building.
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      7+ acre parcel suitable for estate, mini-farm, or development.
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    Similar Nearby for Lease

    • $12,000 /Mo
      130,680 SF

      Toney Industrial Buildings For Lease

      Three industrial buildings totaling 17,600 SF on 3 acres.
      6594 Old Railroad Bed Rd, Toney, AL 35773
      View Details
    • $5,500 /Mo
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      Industrial property available for rent in Toney, Alabama.
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    Toney, AL 35773
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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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