Add Listing
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

    Boeing Blvd, AL

    • Manufacturing properties
    • 229,300 SF
    • 243.00 lot acres
    OFF-MARKET
    Value Estimations
    $11,650,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1992900
    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

    • Manufacturing properties

    Property Details

    Year built
    1986
    Lot size
    243.00 lot acres
    Property size
    229,300 SF
    Property type
    Manufacturing properties
    APN
    25-03-06-0-000-001.001
    APU
    2503060000001001

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $15,040,000
      Current use
      WAREHOUSE, STORAGE
      $15,325,000
      Change: +2% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Boeing Blvd
    County
    Madison
    State
    Alabama
    Longitude
    -86.7758
    Latitude
    34.6333
    CBSA code
    26620
    CBSA name
    HUNTSVILLE, 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
    $465,952
    $555,220
    $7,478,440
    $8,033,660
    -
    $4,447,500
    $37,392,200
    $41,839,700

    Comparable in this City

    • Value Estimation by Request
      290.40 Acres

      Powell Rd

      HEAVY MANUFACTURING • 290.40 Acres
      Powell Rd, Madison, AL
      View Details
    • Value Estimation by Request
      7,380 SF

      Little Cove

      HEAVY MANUFACTURING • 7,380 SF
      Little Cove, Rd, AL
      View Details
    • Value Estimation by Request
      101,638 SF

      County Rd

      MANUFACTURING (LIGHT) • 101,638 SF
      County Rd, 322, AL
      View Details
    • Value Estimation by Request
      120.00 Acres

      Powell Rd

      HEAVY MANUFACTURING • 120.00 Acres
      Powell Rd, Madison, AL
      View Details
    • Value Estimation by Request
      29.00 Acres

      Powell Rd

      HEAVY MANUFACTURING • 29.00 Acres
      Powell Rd, Madison, AL
      View Details
    • Value Estimation by Request
      74,205 SF

      Plant St

      MANUFACTURING (LIGHT) • 74,205 SF
      Plant St, Selma, AL
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      220,000 SF

      222,000 SF Industrial Facility

      222,000 SF industrial building on 33 acres for sale.
      Al 43 Hwy, Grove Hill, AL
      View Details
    • Contact for pricing
      321,042 SF

      Industrial Facility on 81 Acres

      Two adjacent manufacturing/warehouse buildings totaling 474,642 SF for sale.
      100 Fruit Of The Loom Dr, Sand Rock, AL
      View Details
    • Contact for pricing
      139,905 SF

      Huntsville Warehouse Near I-65

      139,905 SF warehouse with immediate interstate access.
      23275 Bibb Garrett Rd, Huntsville, AL
      View Details
    • $1,100,000
      12,000 SF

      Pelham Parkway Commercial Building

      Flexible M-1 zoned building on a high-traffic commercial corridor.
      Hwy 119, Pelham, AL
      View Details
    • $399,000
      5,600 SF

      Renovated Warehouse and Office Space

      5600 sq ft renovated warehouse and office space for rent.
      800 Industrial Cir, Phenix City, AL
      View Details
    • Contact for pricing
      23,467 SF

      1.28 Acre Site For Sale

      1.28 acre site with high traffic and multiple doors.
      1650 S Beltline Hwy S, Mobile, AL
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,250 SF

      Office/Warehouse Space with Dock-High Loading

      3,250 SF office/warehouse with dock-high loading, available now.
      128 Citation Ct, Homewood, AL
      View Details
    • Contact for pricing
      14,000 SF

      Industrial Space For Lease

      Industrial space available for lease, convenient location.
      Dockside Dr, Theodore, AL
      View Details
    • Contact for pricing
      54,742 SF

      Creola Warehouse on 13 Acres

      54,742 SF office warehouse near I-65 in Creola, Alabama.
      9800 I-65 Service Rd N, Creola, AL
      View Details
    • Contact for pricing
      6,554 SF

      Office/Warehouse Building Near I-10

      Office and warehouse space for lease near Tillman's Corner.
      5771 I 10 Industrial Pkwy N, Theodore, AL
      View Details
    • Contact for pricing
      87,482 SF

      Industrial Building with Water Access

      87,842 SF industrial building near Port of Chickasaw.
      750 D Via Rd, Chickasaw, AL
      View Details
    • Contact for pricing
      4,000 SF

      Gated Flex Space Available

      Flex space in multi-tenant complex, conveniently located near I-10.
      6215 Rangeline 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.
    Boeing Blvd, 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.
    Sign Up Successful!
    You now have access to more from Realmo!