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Property profile & analytics
OFF-MARKET
Industrial properties

786 Highway 31 Alabaster, AL 35007

3.11 ac lot Built 1970
Property ID
US03-1356526
Property summary
AI-generated overview

This exceptional 3.11-acre industrial property is strategically located on Highway 31 South in Alabaster, Alabama, offering unparalleled access and visibility. Situated less than two miles from I-65 South exit 238, this site benefits from high traffic counts, averaging approximately 21,000 vehicles per day on Highway 31 and approximately 84,000 vehicles per day at the nearby interstate exit. The property boasts a pre-existing structure, previously utilized as a business, which includes a home office and a metal warehouse/flex space. This versatile building provides immediate functionality and potential for various uses. The site is pad-ready, eliminating significant upfront development costs. Its unzoned status offers exceptional flexibility for future owners, allowing for a wide range of potential uses, including but not limited to: automotive service centers, contractor spaces, office spaces, mini-storage facilities, and car lots. This rare opportunity presents a unique blend of location, existing infrastructure, and zoning flexibility, making it an ideal investment for entrepreneurs and businesses seeking a prime location in a thriving area. The high traffic volume ensures significant exposure, making this property a compelling investment prospect.

Property profile
Verified
Property type Industrial properties
Year built 1970
Lot 3.11 ac (135,472 SF)
UPID US03-1356526
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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