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    For Sale (31)

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    Pike Road Buildable Lot
    $35,000
    1.25 Acres

    Pike Road Buildable Lot

    1.25 acre lot in desirable Pike Road neighborhood.

    1000 Gray Ridge Dr, Pike Road, AL 36064
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    Commercial Land in High Population Area
    $30,000
    1.10 Acres

    Commercial Land in High Population Area

    1.1 acre commercial land suitable for cell phone/data tower.

    N Burbank Dr, Montgomery, AL 36117
    View details
    Residential Lot in County Club
    $30,000
    0.26 Acres

    Residential Lot in County Club

    Residential lot in County Club Estates, ready for new construction.

    2316 Carter Hill Rd, Montgomery, AL 36106
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    20.1 Acres Vacant Land
    $100,000
    20.10 Acres

    20.1 Acres Vacant Land

    20.1 acre vacant land tract suitable for recreation.

    Hayneville Rd, Montgomery, AL 36108
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    Residential Land in Montgomery, AL
    $90,000
    5.00 Acres

    Residential Land in Montgomery, AL

    5-acre single-family residential development opportunity in an established Montgomery area.

    Virginia Loop Rd, Montgomery, AL 36116
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    Land with Mobile Home Potential
    Contact for pricing
    2.80 Acres

    Land with Mobile Home Potential

    2.8-acre land parcel in Letohatchee, Alabama, for sale.

    Mobile Hwy, Letohatchee, AL 36047
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    Montgomery, AL Development Opportunity
    $650,000
    19.21 Acres

    Montgomery, AL Development Opportunity

    19.21-acre R-50 zoned parcel suitable for residential development.

    Taylor Rd, Montgomery, AL 36116
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    44 Acres in Montgomery, AL
    $95,000
    44.10 Acres

    44 Acres in Montgomery, AL

    44 acres of land with PUD designation in Montgomery.

    Sherburn Rd, Montgomery, AL 36116
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    Columbiana Land with Panoramic Views
    $199,900
    15.17 Acres

    Columbiana Land with Panoramic Views

    15.17 acres ready for your dream home near amenities.

    2884 Highway 47, Columbiana, AL 35051
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    Land with Pond and Homesites
    $280,000
    18.49 Acres

    Land with Pond and Homesites

    18.49 acres with pond, trails, and multiple homesites near town.

    1102 Mizell Dr, Montgomery, AL 36116
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    Wooded Lot in Smokerise
    $45,000
    1.87 Acres

    Wooded Lot in Smokerise

    1.87 acre wooded lot suitable for residential construction.

    Mark Trl N, Wetumpka, AL 36093
    View details
    Columbiana Acreage with Panoramic Views
    $199,900
    15.17 Acres

    Columbiana Acreage with Panoramic Views

    15.17 acres ideal for building a dream home.

    2884 Highway 47, Columbiana, AL 35051
    View details
    Unrestricted Acre in Fairhope School
    $84,000
    1.00 Acre

    Unrestricted Acre in Fairhope School

    One acre lot in Fairhope School District.

    Windmill Rd, Fairhope, AL 36532
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    54 Acres Near Prattville
    $499,900
    54.00 Acres

    54 Acres Near Prattville

    54 acres with road frontage near Prattville, Alabama.

    County Road 59, Prattville, AL 36067
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    Land on Old Pike Road
    $40,000
    1.60 Acres

    Land on Old Pike Road

    1.6 acres in Mathews, AL, suitable for hunting or mobile home.

    11468 Old Pike Rd, Mathews, AL 36052
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    Land on Old Pike Road
    $70,000
    2.40 Acres

    Land on Old Pike Road

    2.4 acres in Mathews, suitable for modular home or hunting.

    10901 Old Pike Rd, Mathews, AL 36052
    View details
    Commercial Land on Woodmere Boulevard
    $190,000
    0.69 Acres

    Commercial Land on Woodmere Boulevard

    0.69 acre commercial property suitable for various businesses.

    Woodmere Blvd, Montgomery, AL 36117
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    Commercial Metal Building on Large Lot
    $60,000
    1,784 SF

    Commercial Metal Building on Large Lot

    1784 sq ft metal building on approximately 2 acres.

    1730 West Blvd, Montgomery, AL 36108
    View details
    Versatile Mixed-Use Property in Montgomery
    $459,900
    7,359 SF

    Versatile Mixed-Use Property in Montgomery

    Unique property blending residential and commercial potential in Montgomery, AL.

    414 Perry Hill Rd, Montgomery, AL 36109
    View details
    Ramer, AL Land For Sale
    $150,000
    16.70 Acres

    Ramer, AL Land For Sale

    16.7 acres in Alabama Black Belt, near Montgomery.

    874 Old Long Rd, Ramer, AL 36069
    View details
    Residential Land in Montgomery, AL
    $460,000
    8.50 Acres

    Residential Land in Montgomery, AL

    8.5 acre multi-family residential land parcel in convenient location.

    5700 Woodmere Blvd, Montgomery, AL 36117
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    Residential Land in Montgomery, AL
    Contact for pricing
    1.03 Acres

    Residential Land in Montgomery, AL

    1.03 acre parcel suitable for mobile home in Montgomery.

    422 Buchanan Dr, Montgomery, AL 36105
    View details
    Ramer, AL Land Parcel
    $60,000
    10.00 Acres

    Ramer, AL Land Parcel

    10-acre land parcel suitable for mobile home placement near US 231.

    23725 Woodley Rd, Ramer, AL 36069
    View details
    Commercial Metal Building on Large Lot
    $60,000
    1,784 SF

    Commercial Metal Building on Large Lot

    1784 sq ft commercial building on approximately 2 acres.

    1730 West Blvd, Montgomery, AL 36108
    View details
    Land with Pond Near Town
    $280,000

    Land with Pond Near Town

    Two parcels totaling 18.49 acres with pond and utilities.

    1102 Mizell Dr, Montgomery, AL 36116
    View details
    16.7 Acres in Alabama Blackbelt
    $150,000

    16.7 Acres in Alabama Blackbelt

    16.7 acres in the heart of the Alabama Blackbelt.

    874 Old Long Rd, Ramer, AL 36069
    View details
    Prime Hunting Land For Sale
    $40,000

    Prime Hunting Land For Sale

    5 acres of hunting land in Alabama's Black Belt.

    0000 Snowdoun Chambers Rd, Montgomery, AL 36105
    View details
    Commercial Property Near High Traffic
    $190,000

    Commercial Property Near High Traffic

    0.69 acre commercial property near major roads.

    0000 Woodmere Blvd, Montgomery, AL 36117
    View details
    Land Parcel on Old Pike
    $40,000

    Land Parcel on Old Pike

    Approximately 1.6 acre land parcel with road frontage.

    11468 Old Pike Rd, Mathews, AL 36052
    View details
    Land Parcel in Mathews, AL
    $70,000

    Land Parcel in Mathews, AL

    2.4 acres suitable for modular home or hunting.

    10901 Old Pike Rd, Mathews, AL 36052
    View details
    Versatile Mixed-Use Property For Sale
    $459,900
    7,359 SF

    Versatile Mixed-Use Property For Sale

    7,300+ sqft mixed-use property with commercial and residential potential.

    414 Perry Hill Rd, Montgomery, AL 36109
    View details

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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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