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

    7480 Parkway Dr Leeds, AL 35094

    • Strip malls
    • 52,471 SF
    • 6.44 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Last Sale
    Apr 01, 2021
    $545,000
    Value Estimations
    $530,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0804622
    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

    • Awakening House Of Prayer- Birmingham / Church
    • china wok / Chinese Restaurant
    • Drayer Physical Therapy Institute / Physical Therapy Clinic / Orthopedic Clinic
    • Kingston's Chimneys / Chimney Sweep
    • ALLISON MARIE LOWMAN / Physical Therapist

    Property Details for 7480 Parkway Dr

    Year built
    1971
    Lot size
    6.44 lot acres
    Property size
    52,471 SF
    Zone code
    B2
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    25-00-20-1-007-006.000
    APU
    2500201007006000

    Description

    Leeds Commons Shopping Center offers 3,000 square feet of immediately available retail space within a larger 66,000 square foot strip center. This prime location boasts exceptional visibility and convenient access, situated just off Interstate 20. The high-traffic area ensures significant exposure to a large customer base. The property is strategically positioned within minutes of major retail anchors including Bass Pro Shops, Walmart, the Outlet Shops of Grand River, and the renowned Barber Motorsports Park and Museum. This ensures a consistent flow of potential customers. Current tenants include a diverse mix of businesses, such as Farmers Home Furniture, Workout Anytime, Rapha Ministries, Rusty's BBQ, and Chinawok, creating a vibrant and established shopping environment. The available space is ideal for a variety of retail uses, and its adjacency to Workout Anytime provides an added benefit of shared customer traffic. The 3,000 square foot space offers ample room for a business to thrive in this bustling commercial area. The property's location and existing tenant mix present a compelling opportunity for businesses seeking high visibility and a strong customer base. Consider this space for your next retail venture.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $500,000
      ML approach
      $785,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $617,000
      Market price range: $617k - $1.62M

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

    Location Insight

    • Map
    • Local Demand
    City
    Leeds
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.5575
    Latitude
    33.5445
    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
    2022
    $21,758
    $52,280
    $398,020
    $450,300
    -
    $261,400
    $1,990,100
    $2,251,500

    Comparable in this City

    • Value Estimation
      $905,000
      13,500 SF

      7596 Pkwy Dr

      SHOPPING CENTER, STRIP CENTER • 13,500 SF
      7596 Pkwy Dr, Leeds, AL 35094-4808
      View Details
    • Value Estimation
      $480,000
      20,730 SF

      Leeds, AL 35094

      SHOPPING CENTER, STRIP CENTER • 20,730 SF
      Leeds, AL 35094
      View Details
    • Value Estimation
      $265,000
      6,160 SF

      Leeds, AL 35094

      SHOPPING CENTER, STRIP CENTER • 6,160 SF
      Leeds, AL 35094
      View Details
    • Value Estimation
      $1,315,000
      11,584 SF

      1101 Higrove Pkwy

      SHOPPING CENTER, STRIP CENTER • 11,584 SF
      1101 Higrove Pkwy, Leeds, AL 35094-1703
      View Details
    • Value Estimation by Request
      57,023 SF

      1605 Ashville Rd

      Lifestyle centers • 57,023 SF
      1605 Ashville Rd, Leeds, AL 35094
      View Details
    • Value Estimation
      $215,000
      5,440 SF

      8109 Jackson Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 5,440 SF
      8109 Jackson Ave, Leeds, AL 35094-1480
      View Details

    Similar Nearby for Sale

    • $299,900
      1.46 Acres

      Prime Leeds Retail Property

      1.46 Acres, High Visibility, Owner Financing
      7489 Parkway Dr, Leeds, AL 35094
      View Details
    • $249,900
      1.46 Acres

      Leeds Retail Opportunity For Sale

      Commercial property in the heart of Leeds with road frontage.
      7489 Parkway Dr, Leeds, AL 35094
      View Details
    • $360,000
      0.16 Acres

      Prime Leeds Retail Investment

      High-yield retail property, long-term lease.
      7709 Parkway Dr, Leeds, AL 35094
      View Details
    • $799,000
      7,050 SF

      Leeds Commercial Building For Sale

      7,050 SF commercial building on 0.79 acres in Leeds.
      8435 1St Ave, Leeds, AL 35094
      View Details
    • $225,000
      0.14 Acres

      Historic Leeds Retail Building

      Downtown Leeds, Two-Story Commercial Space
      1629 9Th St, Leeds, AL 35094
      View Details
    • $79,900
      5.00 Acres

      Leeds Acreage with Private Lake

      Unique property with private lake near downtown Leeds, Alabama.
      151 Ash St, Leeds, AL 35094
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      66,000 SF

      Leeds Commons Retail Space Available

      High-traffic retail space near I-20.
      7480 Parkway Dr, Leeds, AL 35094
      View Details
    • $23 SF/Yr
      1,680 SF

      Leeds Village Retail Space

      Walmart-shadowed retail space available in Leeds, AL.
      8525 Whitfield Ave, Leeds, AL 35094
      View Details
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    7480 Parkway Dr
    Leeds, AL 35094
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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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