Commercial Real Estate in Belt | Reonomy

Commercial Real Estate in Belt

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Belt commercial real estate sold prices and values

Values and sold prices (last 24 months) United States Alabama Belt
Average price/sqft $916 $3,539 --
Average sold price $1,054,372 $655,147 --
Median sold price $198,202 $101,544 --
Number of sales 3,149,933 49,287 --
Number of sales over $250k 1,339,323 13,380 --
Number of sales over $1m 302,192 3,094 --
Number of sales over $10m 41,158 523 --
Average total tax amount $7,055 $1,607 --
Average assessed value $252,203 $30,604 --
Average market value $355,606 $171,916 --

Belt commercial real estate property averages

Property averages United States Alabama Belt
Average lot size 815,723 sf 2,284,761 sf --
Median lot size 24,460 sf 41,262 sf --
Average building area 1,078 sf 168 sf --
Median building area 77 sf 41 sf --
Median year built -- 1986 --
Average number of units 16 33 --
Median number of units -- 5 --

Belt commercial real estate total supply

Supply United States Alabama Belt
Number of parcels 58,466,290 1,100,178 --
Aggregate lot acerage 1,005,378,994 16,905,875 --
Aggregate building area 8,055,211,095 sf 12,965,490 sf --
Aggregate units -- 569,054 --

Belt commercial real estate industrial mortgages

Debt United States Alabama Belt
Number of mortgages -- 197,636 --
Average value of mortgages -- $3,455,715 --

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