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

    Airport Rd, AL

    • Investment properties
    • 9,848 SF
    • 1.40 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1894955
    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

    • Investment properties

    Property Details

    Year built
    1979
    Construction
    CONCRETE BLOCKS
    Lot size
    1.40 lot acres
    Property size
    9,848 SF
    Zone code
    CO
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    17-02-03-3-000-056.000
    APU
    1702033000056000

    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
    Airport Rd
    County
    Walker
    State
    Alabama
    Longitude
    -87.2672
    Latitude
    33.8505
    CBSA code
    27530
    CBSA name
    JASPER, AL MICROPOLITAN 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
    $7,748
    $35,280
    $158,420
    $193,700
    -
    $176,400
    $792,100
    $968,500

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      County Rd, AL

      OFFICE/RESIDENTIAL (MIXED USE) • 1.00 Acre
      County Rd, AL
      View Details
    • Value Estimation by Request
      1,981 SF

      Al Highway

      OFFICE/RESIDENTIAL (MIXED USE) • 1,981 SF
      Al Highway, 40, AL
      View Details
    • Value Estimation by Request
      5,866 SF

      4504 Highway

      OFFICE/RESIDENTIAL (MIXED USE) • 5,866 SF
      4504 Highway, 118, AL
      View Details
    • Value Estimation by Request
      3,344 SF

      Chastain Blvd, AL

      OFFICE/RESIDENTIAL (MIXED USE) • 3,344 SF
      Chastain Blvd, AL
      View Details
    • Value Estimation by Request
      1,350 SF

      18th St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,350 SF
      18th St, W, AL
      View Details
    • Value Estimation by Request
      640 SF

      County 92, AL

      OFFICE/RESIDENTIAL (MIXED USE) • 640 SF
      County 92, AL
      View Details

    Similar Nearby for Sale

    • $149,000

      Downtown Brewton Commercial Opportunity

      Versatile property in historic downtown Brewton with high visibility.
      117 St. Joseph Ave, Brewton, AL
      View Details
    • $2,490,000
      45,100 SF

      Highway 59 Commercial Opportunity

      Large commercial property with high visibility and growth potential.
      14809 Alabama 59, Foley, AL
      View Details
    • $475,000

      Land For Sale

      Land available for sale in Spanish Fort, Alabama.
      181 30500, Spanish Fort, AL
      View Details
    • $7,800,000

      Prime Land Investment Opportunity

      Large property with expressway and road frontage in Baldwin County.
      28 Co Rd, Summerdale, AL
      View Details
    • $3,150,000

      Prime Land Near OWA Complex

      18+/- acres near OWA Complex, ideal for mixed-use development.
      Co Rd 20, Foley, AL
      View Details
    • $1,650,000

      47 Acres in Spanish Fort

      47 acres ideal for retail or residential development.
      Spanish Ft Al Hwy, Spanish Fort, AL
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1,300 SF

      Retail Space on Highway 90

      Retail space available in new construction building on Highway 90.
      5441 Us-90, Mobile, AL
      View Details
    • $12 SF/Yr
      3,200 SF

      Fairhope Commercial Space with Apartment

      Versatile commercial property with income-producing apartment on US Hwy 98.
      10090 Us-98, Fairhope, AL
      View Details
    • $8 SF/Yr
      94,020 SF

      Theodore Warehouse with Ramp Door

      94,020 SF warehouse featuring ramp and dock doors.
      5212 Willis Rd, Theodore, AL
      View Details
    • $6,750 /Mo

      Theodore Office Building For Rent

      Office building on 2.73 acres near I-10.
      7670 Theodore Dawes Rd, Theodore, AL
      View Details
    • $800,000
      2,668 SF

      Brewery-Ready Building on Highway 31

      2,668 SF brewery/hospitality building on 0.62 acres, move-in ready.
      11133 Us Hwy, Daphne, AL
      View Details
    • $13 SF/Yr
      5,082 SF

      Retail Space in Bellingrath Crossroads

      Retail or office spaces available in well-maintained shopping center.
      6941 Bellingrath Rd, Theodore, AL
      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.
    Airport Rd, AL
    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.