Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    6601 Walt Dr Birmingham, AL 35242-7151
    Back to Search
    Property profile & analytics

    6601 Walt Dr, Birmingham, AL 35242-7151

    View on Map
    • Distribution centers
    • 1,300 SF
    • 0.83 lot acres
    Off-Market
    Property ID
    US03-0884221
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Fit 280 / Gym & Fitness Center
    • Ultimate Performance / Gym & Fitness Center
    • Ladybeef Fitness & Coaching / Gym & Fitness Center
    • Woodlot Artisans LLC / Art Studio / Art Gallery
    • Rosewood Homes / Construction Company / General Contractor

    Property Details for 6601 Walt Dr

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.83 lot acres
    Property type
    Distribution centers
    APN
    93050001004000
    APU
    93050001004000

    Description

    This exceptional Birmingham, Alabama property, located at 6601 Walt Drive, presents a rare opportunity to lease a versatile 2,005 square foot office-warehouse space. The single-story building, constructed in 1997, sits on a 0.71-acre lot and totals 8,835 square feet. Currently, 2,005 square feet is immediately available for lease. The property features one dock-high door, making loading and unloading efficient. Its zoning is B-2 General Business District, offering flexibility for various business types. The property's convenient location offers easy access to Highway 280, Highway 119, and Valleydale Road, ensuring excellent accessibility for employees and clients. This is a perfect solution for businesses seeking a functional and conveniently located workspace in a high-demand area. The property's APN is 09 3 05 0 001 004.000. This is a multi-tenant building with a minimum divisible space of 2,005 square feet and a maximum contiguous space of 2,005 square feet. The property's prime location and functional layout make it an ideal choice for businesses seeking a blend of office and warehouse space. Don't miss this chance to secure this exceptional property in Birmingham's thriving business district.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Birmingham
    County
    Shelby
    State
    Alabama
    Longitude
    -86.6645
    Latitude
    33.4153
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, 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
    $6,442
    $0.00
    $0.00
    $146,400
    -
    $297,920
    $434,030
    $731,950

    Comparable in this City

    • Value Estimation by Request
      15,081 SF

      6600 Walt Dr

      Distribution properties
      6600 Walt Dr, Birmingham, AL 35242
      View Details
    • Value Estimation
      $2,190,000
      19,859 SF

      7290 Cahaba Vly Rd

      DISTRIBUTION WAREHOUSE
      7290 Cahaba Vly Rd, Birmingham, AL 35242-6403
      View Details
    • Value Estimation by Request
      4,000 SF

      Birmingham, AL 35242

      Investment properties
      Birmingham, AL 35242
      View Details
    • Value Estimation by Request
      4,000 SF

      4206 Mtn Top Rd

      WAREHOUSE, STORAGE
      4206 Mtn Top Rd, Birmingham, AL 35242-6900
      View Details
    • Value Estimation by Request
      1,295 SF

      4755 Hwy 280

      WAREHOUSE, STORAGE
      4755 Hwy 280, Birmingham, AL 35242-5149
      View Details
    • Value Estimation
      $6,360,000
      97,899 SF

      7023 Meadowlark Dr

      WAREHOUSE, STORAGE
      7023 Meadowlark Dr, Birmingham, AL 35242-5341
      View Details

    Similar Nearby for Sale

    • $475,000
      3.20 Acres

      Shoal Creek Estate Lot

      Enchanting 3.2-acre estate lot near world-class golf course.
      2 Augusta Way, Birmingham, AL 35242
      View Details
    • $289,000
      1.30 Acres

      Birmingham Golf Course Lot

      Gated community lot near renovated golf course.
      6 Hazeltine Walk, Birmingham, AL 35242
      View Details
    • $699,000
      6.70 Acres

      6.5 Acre Commercial Land Opportunity

      Unrestricted 6.5 acre commercial land with highway access.
      3100 Sunrise Ln, Birmingham, AL 35242
      View Details
    • $2,730,000

      Birmingham Office Building For Sale

      27,000 SF office building in the heart of Mt Laurel.
      5 Mt Laurel Ave, Birmingham, AL 35242
      View Details
    • $580,000
      3.06 Acres

      Gated Community Lot in Birmingham

      Amazing cul-de-sac lot in South Oak gated community.
      852 Cavalier Rdg, Birmingham, AL 35242
      View Details
    • $350,000
      3.45 Acres

      South Oak Mountain View Lot

      3.45 acre lot in gated community with amenities.
      325 Winchester Pass, Birmingham, AL 35242
      View Details

    Similar Nearby for Lease

    • Sponsored
      Contact for pricing

      Meadow Brook

      Discover many ways to work your way in Meadow Brook
      Birmingham, AL 35242
      View Details
    • Contact for pricing

      Highway 280 Corridor Commercial Space

      Conveniently located commercial space in the Highway 280 corridor.
      400 Riverhill Business Park, Birmingham, AL 35242
      View Details
    • Contact for pricing

      Retail Center on High-Traffic Corner

      74,785 SF retail center at a prominent intersection.
      165 Inverness Plz, Birmingham, AL 35242
      View Details
    • Contact for pricing

      Office Space For Lease

      Office property available for lease in Birmingham, Alabama.
      31 Inverness Center Pkwy, Birmingham, AL 35242
      View Details
    • Contact for pricing

      Class A Office Space Available

      Suburban office building in Inverness Center, Birmingham. 1,500-23,364 SF.
      44 Inverness Center Pkwy, Birmingham, AL 35242
      View Details
    • Contact for pricing

      Retail Suites Available For Lease

      Retail suites available, sizes range from 1,222 to 6,104 SF.
      5511 Highway 280, Birmingham, AL 35242
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6601 Walt Dr
    Birmingham, AL 35242-7151
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6601 Walt Dr, Birmingham, AL, 35242
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!