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    Zaxbys Alabaster, AL 35007
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    Property profile & analytics

    Zaxbys, Alabaster, AL 35007

    View on Map
    • Drive through restaurants
    • 3,456 SF
    • 1.07 lot acres
    Off-Market
    Property ID
    US03-1431054
    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.
    Value Estimations
    $1,230,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Drive through restaurants

    Property Details for Zaxbys

    Year built
    2005
    Lot size
    1.07 lot acres
    Property type
    Drive through restaurants
    APN
    236142001001013
    APU
    236142001001013

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 3, 2004 — T & V Leblanc LLC Alabaster Retail Property LLC Warranty Deed $1.1M · Main Street Bk
    — — T & V Leblanc LLC — Loan Modification · related $857k · Branch Bk&tr

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,232,000
      Market price range: $456k - $2.00M
      AI Estimate
      $1,232,000
      Market price range: $456k - $2.00M

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

    Location Insight

    • Map
    • Local Demand
    City
    Alabaster
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8273
    Latitude
    33.2125
    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
    2023
    $11,832
    $0.00
    $0.00
    $219,120
    -
    $512,430
    $583,150
    $1,095,580

    Comparable in this City

    • Value Estimation
      $1,095,000
      3,061 SF

      105 Colonial Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      105 Colonial Dr, Alabaster, AL 35007-4659
      View Details
    • Value Estimation
      $1,105,000
      2,223 SF

      245 Colonial Dr

      DRIVE-THRU RESTAURANT, FAST FOOD
      245 Colonial Dr, Alabaster, AL 35007-4691
      View Details
    • Value Estimation
      $2,320,000
      3,616 SF

      1114 1st N St

      DRIVE-THRU RESTAURANT, FAST FOOD
      1114 1st N St, Alabaster, AL 35007
      View Details
    • Value Estimation
      $1,335,000
      2,526 SF

      9940 Hwy 119

      DRIVE-THRU RESTAURANT, FAST FOOD
      9940 Hwy 119, Alabaster, AL 35007
      View Details
    • Value Estimation
      $1,060,000
      2,824 SF

      681 1st SW St

      DRIVE-THRU RESTAURANT, FAST FOOD
      681 1st SW St, Alabaster, AL 35007-8802
      View Details
    • Value Estimation by Request
      1,620 SF

      1446 1st N St

      DRIVE-THRU RESTAURANT, FAST FOOD
      1446 1st N St, Alabaster, AL 35007-9275
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Commercial Land For Sale

      Land suitable for retail, medical, or restaurant use.
      1 Unit, Alabaster, AL 35007
      View Details
    • $425,000
      6,400 SF

      Mixed-Use Property on Highway 31

      Prime commercial property with high visibility and accessibility on Highway 31.
      140 1St St, Alabaster, AL 35007
      View Details
    • Contact for pricing
      1,694 SF

      Commercial Lot in Alabaster

      Commercial lot suitable for retail, medical, or restaurant use.
      251 S 1St St, Alabaster, AL 35007
      View Details
    • $290,000
      0.39 Acres

      Commercial Property in Alabaster, AL

      Commercial property with road frontage and easy interstate access.
      1314 1St St, Alabaster, AL 35007
      View Details
    • Contact for pricing

      Alabaster Commercial Outparcel For Sale

      0.94+/- acre outparcel in a strong commercial corridor.
      113 Simmsville Rd, Alabaster, AL 35007
      View Details
    • Contact for pricing
      3,290 SF

      Alabaster Medical Mile Opportunity

      Prime location in Alabaster's Medical Mile District.
      223 1St St N, Alabaster, AL 35007
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Available Near Shelby Hospital

      Prime commercial land for ground lease or build to suit.
      566 1St St N, Alabaster, AL 35007
      View Details
    • Contact for pricing

      Retail Space in Alabaster Hub

      9,775 SF retail space in a growing Alabaster hub.
      320 S Colonial Dr, Alabaster, AL 35007
      View Details
    • Contact for pricing

      Retail Space Available for Lease

      Retail space for lease at 101 Aviators View Dr.
      101 Aviators View Dr, Alabaster, AL 35007
      View Details
    • Contact for pricing
      7,700 SF

      Renovated Retail/Industrial Flex Space

      Newly renovated retail/industrial flex space with high ceilings.
      349-351 1St St SW, Alabaster, AL 35007
      View Details
    • Contact for pricing

      Office Warehouse Opportunity For Rent

      Office and warehouse space available in a prime location.
      100 Gilbert Dr, Alabaster, AL 35007
      View Details
    • Contact for pricing
      4,500 SF

      Freestanding Office Warehouse For Lease

      Freestanding office warehouse with yard area available for lease.
      8365 Highway 119, Alabaster, AL 35007
      View Details
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    Zaxbys
    Alabaster, AL 35007
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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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    Zaxbys, Alabaster, AL, 35007
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