Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    925 Old Grants Ml Rd Irondale, AL 35210-1238

    • Commercial land
    • 0.52 lot acres
    OFF-MARKET
    Last Sale
    May 15, 2023
    $250
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-0844109
    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

    • Commercial land

    Property Details for 925 Old Grants Ml Rd

    Lot size
    0.52 lot acres
    Zone code
    R2
    Property type
    Commercial land
    APN
    24-00-19-3-000-060.008
    APU
    2400193000060008

    Description

    This exceptional 0.52-acre residential land parcel presents a fantastic opportunity for investors and builders alike. Located at 925 Old Grants Mill Road in Irondale, Alabama, zip code 35210, this property boasts a prime location within Jefferson County. The lot is zoned R-2, offering a range of potential development options. With 42 feet of frontage on Old Grants Mill Road, the property enjoys convenient access to public roads. The asking price is $25,000. This attractive offering is situated outside of any designated flood zone, minimizing risk and enhancing its appeal. The property's APN is 24-00-19-3-000-060.008. Its convenient location and desirable zoning make this a highly sought-after piece of land, ideal for those seeking to build a new home or develop a small-scale residential project. Don't miss this chance to acquire this well-priced and strategically located property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Irondale
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.6893
    Latitude
    33.5337
    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
    $0.00
    $1,780
    $0.00
    $1,780
    -
    $8,900
    $0.00
    $8,900

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      213 22nd N St

      VACANT COMMERCIAL LAND • 0.18 Acres
      213 22nd N St, Birmingham, AL 35210
      View Details
    • Value Estimation by Request
      0.30 Acres

      2740 1st St

      VACANT COMMERCIAL LAND • 0.30 Acres
      2740 1st St, Irondale, AL 35210-4400
      View Details
    • Value Estimation by Request

      135 Trillium Dr

      VACANT COMMERCIAL LAND
      135 Trillium Dr, Birmingham, AL 35210-0010
      View Details
    • Value Estimation by Request
      0.28 Acres

      2808 Washington St

      VACANT COMMERCIAL LAND • 0.28 Acres
      2808 Washington St, Birmingham, AL 35210-4492
      View Details
    • Value Estimation by Request
      0.15 Acres

      2820 Washington St

      VACANT COMMERCIAL LAND • 0.15 Acres
      2820 Washington St, Birmingham, AL 35210-4492
      View Details
    • Value Estimation by Request
      0.90 Acres

      2826 Washington St

      VACANT COMMERCIAL LAND • 0.90 Acres
      2826 Washington St, Birmingham, AL 35210-4492
      View Details

    Similar Nearby for Sale

    • $5,895,000

      Irondale Automall Corridor Land Site

      7.7 acre commercial land near I-459 and Costco.
      2163 Grants Mill Rd, Birmingham, AL 35210
      View Details
    • $260,000

      Corner Lot Near Interstate

      Corner lot immediately off I-20, convenient to downtown Birmingham.
      4780 Appaloosa Dr, Birmingham, AL 35210
      View Details
    • $1,200,000
      9.00 Acres

      9 Acres in Irondale, Alabama

      9-acre commercial/industrial land in Irondale, Alabama, for sale.
      4680 Overton Rd, Birmingham, AL 35210
      View Details
    • $99,900
      0.89 Acres

      Level Lot in Light Industrial Area

      Vacant 0.89-acre lot with easy interstate and airport access.
      5500 Eastcliff Industrial Blvd, Birmingham, AL 35210
      View Details
    • $325,000

      Corner Lot Near Interstate I-20

      Corner lot immediately off I-20, high traffic volume.
      4580 Appaloosa Dr, Birmingham, AL 35210
      View Details
    • $499,900
      1.93 Acres

      Land with Investment Potential

      Three parcels of land with great investment potential and visibility.
      739 Hagbush Rd, Irondale, AL 35210
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Cahaba Crossings Outparcel For Rent

      1.54 AC outparcel ideal for QSR, Fast-Food, or Bank.
      1288 Grants Mill Rd, Birmingham, AL 35210
      View Details
    • Contact for pricing

      Crestwood Boulevard Build-to-Suit Site

      3.98 acre site with I-20 visibility for lease.
      2150 Crestwood Blvd, Irondale, AL 35210
      View Details
    • Contact for pricing
      8,100 SF

      Irondale Industrial Development Site

      8,100 SF Build-to-Suit Opportunity
      4768 Grantswood Rd, Irondale, AL 35210
      View Details
    • Contact for pricing

      Irondale Land: Build-to-Suit Opportunity

      Prime Irondale land, high traffic, build-to-suit or ground lease.
      5388 Oporto Madrid Blvd, Irondale, AL 35210
      View Details
    • $16 SF/Yr
      5,418 SF

      Midtown Irondale Executive Suites

      Move-in ready office space, flexible sizes.
      1900 Crestwood Blvd, Irondale, AL 35210
      View Details
    • $12 SF/Yr
      299,709 SF

      Crestwood Festival Center Retail Space

      High-traffic retail center in Irondale, AL
      7001 Crestwood Blvd, Irondale, AL 35210
      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.
    925 Old Grants Ml Rd
    Irondale, AL 35210-1238
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.