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    Legend Realty

    3350 L and N Drive, Huntsville, AL 35801
    (256) 428-3780
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    Size: 10+ agents

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    Property Types

    • Land
    • Residential Multi Family
    • Commercial Sale

    Listings

    For Sale (53)

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    Scottsboro Land in Gated Community
    $57,500
    0.79 Acres

    Scottsboro Land in Gated Community

    0.79 acre lot in gated community near Lake Guntersville.

    Lookout Mountain Dr, Scottsboro, AL 35769
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    Residential Lot in Gated Community
    $330,000
    0.75 Acres

    Residential Lot in Gated Community

    Residential lot in Huntsville's premier golf course community.

    6 Ridge Dr South, Huntsville, AL 35802
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    Residential Land in Huntsville, AL
    $99,000
    0.22 Acres

    Residential Land in Huntsville, AL

    Gently sloped, wooded lot with sunset views near downtown.

    2812 Talon Cir NE, Huntsville, AL 35811
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    Residential Land in Gated Community
    $253,000
    0.59 Acres

    Residential Land in Gated Community

    Land in The Ledges community, six miles from downtown Huntsville.

    8 Ridge Dr South, Huntsville, AL 35802
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    Residential Land in Gated Community
    $310,000
    0.69 Acres

    Residential Land in Gated Community

    Residential land in Huntsville's premier golf course community.

    16 Ridge Dr South, Huntsville, AL 35802
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    Residential Land in Gated Community
    $284,000
    0.69 Acres

    Residential Land in Gated Community

    Residential land in Huntsville, Alabama, with stunning views.

    22 Ridge Dr South, Huntsville, AL 35802
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    Huntsville Investment Property For Sale
    $489,900
    2,900 SF

    Huntsville Investment Property For Sale

    Five-unit multifamily property with strong rental history and convenient location.

    907 Stevens Ct NE, Huntsville, AL 35801
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    Residential Land with Incredible View
    $295,000
    0.73 Acres

    Residential Land with Incredible View

    Build your dream home in The Ledges community!

    18 Ridge Dr South, Huntsville, AL 35802
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    Commercial Land in Harvest, AL
    $350,000
    1.74 Acres

    Commercial Land in Harvest, AL

    Vacant land with road frontage in Huntsville, Madison County.

    Old Railroad Bed Rd, Harvest, AL 35749
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    Wooded Acreage in Grant, AL
    $89,000
    15.00 Acres

    Wooded Acreage in Grant, AL

    15 acres of wooded land, ideal for hunting.

    15 Shin Point Rd, Grant, AL 35760
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    Residential Land in Gated Community
    $315,000
    0.65 Acres

    Residential Land in Gated Community

    Residential land in a gated community with stunning views.

    10 Ridge Dr South, Huntsville, AL 35802
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    Unrestricted Land in Owens Cross
    $1,200,000
    51.56 Acres

    Unrestricted Land in Owens Cross

    51+ acres of unrestricted land near Meadows Subdivision.

    51 Acres School Rd, Owens Cross Roads, AL 35763
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    Residential Lot in Blossomwood
    $199,000
    0.48 Acres

    Residential Lot in Blossomwood

    Residential lot in prime Blossomwood district ready for dream home.

    1602 Big Cove Rd, Huntsville, AL 35801
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    Spacious Land in Elkwood Farms
    $129,900
    3.32 Acres

    Spacious Land in Elkwood Farms

    3.32 acre lot ready for your dream home.

    Scott Rd, Hazel Green, AL 35750
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    Huntsville Commercial Lot For Sale
    $699,000
    1.00 Acre

    Huntsville Commercial Lot For Sale

    Commercially zoned lot with high visibility and public utilities.

    Huntsville, AL 35816
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    Residential Land in Gated Community
    $282,000
    0.61 Acres

    Residential Land in Gated Community

    Residential land in a gated community with stunning views.

    28 Ridge Dr South, Huntsville, AL 35802
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    Decatur Duplex For Sale
    $249,900
    1,750 SF

    Decatur Duplex For Sale

    Well-maintained duplex in Decatur, Alabama, ideal for investment.

    226 Cedar Lake Rd, Decatur, AL 35603
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    Buildable Lot with Panoramic Views
    $225,000
    1.70 Acres

    Buildable Lot with Panoramic Views

    1.7-acre lot with unobstructed views of Lake Guntersville.

    302 Mccorkle Mountain Rd, Scottsboro, AL 35769
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    Residential Land in Gated Community
    $299,000
    0.71 Acres

    Residential Land in Gated Community

    Residential land in a gated community with stunning views.

    2 Ridge Dr South, Huntsville, AL 35802
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    Commercial Land in Harvest, AL
    $175,000
    0.55 Acres

    Commercial Land in Harvest, AL

    Commercial land suitable for various businesses in Harvest, Alabama.

    Lantern Pointe Way NW, Harvest, AL 35749
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    Residential Land with City View
    $135,000

    Residential Land with City View

    Spacious lot with road frontage and city views.

    2216 Governors Bend Rd SE, Huntsville, AL 35801
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    Huntsville Acreage with Mountain Views
    $124,900
    0.90 Acres

    Huntsville Acreage with Mountain Views

    Executive lot with scenic mountain views near downtown Huntsville.

    4025 High Mountain Rd, Huntsville, AL 35811
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    Residential Corner Lot in Huntsville
    $400,000
    0.42 Acres

    Residential Corner Lot in Huntsville

    Large corner lot ready for construction in a prime location.

    125 SE Wingate Ave SE, Huntsville, AL 35801
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    Huntsville Multifamily Investment Opportunity
    $799,900
    1,100 SF

    Huntsville Multifamily Investment Opportunity

    8-unit condo complex near Whitesburg, Grissom schools. Updated units.

    2225 Golf Rd, Huntsville, AL 35802
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    Land For Sale Brownsboro, AL
    $875,000
    2.00 Acres

    Land For Sale Brownsboro, AL

    2 acres of commercial land for sale in Brownsboro, AL.

    Dug Hill Rd, Brownsboro, AL 35741
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    Residential Land in Gated Community
    $279,000
    0.61 Acres

    Residential Land in Gated Community

    Land in The Ledges community, six miles from downtown Huntsville.

    26 Ridge Dr South, Huntsville, AL 35802
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    Spacious Lot in Elkwood Farms
    $79,900
    1.85 Acres

    Spacious Lot in Elkwood Farms

    Cleared 1.85-acre lot ready for building in Hazel Green.

    118 Treva Ln, Hazel Green, AL 35750
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    Residential Land in Gated Community
    $297,000
    0.69 Acres

    Residential Land in Gated Community

    Residential land in a gated community with stunning views.

    20 Ridge Dr South, Huntsville, AL 35802
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    Spacious Lot in Elkwood Farms
    $124,900
    3.43 Acres

    Spacious Lot in Elkwood Farms

    3.43 acre lot ready for building in Hazel Green.

    2634 Elkwood Section Rd, Hazel Green, AL 35750
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    Residential Land in Owens Cross Roads
    $300,000
    6.65 Acres

    Residential Land in Owens Cross Roads

    6.6 acre lot in Watson Grande Preserve.

    41 Watson Grande Way, Owens Cross Roads, AL 35763
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    Huntsville Land Ready For Development
    $59,900
    0.35 Acres

    Huntsville Land Ready For Development

    Level lot near universities, ideal for multi-family or student housing.

    4901 Cotton Row, Huntsville, AL 35816
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    Huntsville Land For Sale
    Contact for pricing

    Huntsville Land For Sale

    Land in Huntsville, Alabama, zoned for light commercial use.

    2139 Swancott Rd, Huntsville, AL 35756
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    Spacious Lot in Elkwood Farms
    $124,900
    3.28 Acres

    Spacious Lot in Elkwood Farms

    3.28 acre lot ready for building in Hazel Green.

    2642 Elkwood Section Rd, Hazel Green, AL 35750
    View details
    Huntsville Land in Lowe Mill
    $85,000
    0.23 Acres

    Huntsville Land in Lowe Mill

    Charming 9,000 sq ft lot in the Lowe Mill district.

    2513 Larry St SW, Huntsville, AL 35805
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    Residential Land in Gated Community
    $269,500
    0.79 Acres

    Residential Land in Gated Community

    Residential land in Huntsville's premier golf course community.

    3 Ridge Dr South, Huntsville, AL 35802
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    Land with Utilities in Toney
    $265,000
    2.98 Acres

    Land with Utilities in Toney

    2.98 acres with utilities, suitable for mobile homes or homesite.

    313 Hoover Cir, Toney, AL 35773
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    9 Acres Land Summerdale, AL
    $250,000
    9.00 Acres

    9 Acres Land Summerdale, AL

    9 acres of land with road frontage in Summerdale, AL.

    Fred Dugger Rd, Summerdale, AL 36580
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    Residential Land in Gated Community
    $327,000
    0.85 Acres

    Residential Land in Gated Community

    Residential land in Huntsville's premier golf course community.

    4 Ridge Dr South, Huntsville, AL 35802
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    Residential Land in Gated Community
    $349,000
    0.72 Acres

    Residential Land in Gated Community

    Residential land in a gated community with stunning views.

    12 Ridge Dr South, Huntsville, AL 35802
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    Residential Land in Gated Community
    $352,000
    0.63 Acres

    Residential Land in Gated Community

    Residential land in Huntsville's premier golf course community.

    14 Ridge Dr South, Huntsville, AL 35802
    View details
    Keel Mountain Wooded Acres
    $395,000
    24.80 Acres

    Keel Mountain Wooded Acres

    25 acres on Keel Mountain ready for homesteading.

    646 Keel Mountain Rd, Gurley, AL 35748
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    Residential Land in Gated Community
    $279,000
    0.74 Acres

    Residential Land in Gated Community

    Residential land in Huntsville, Alabama, with stunning views.

    24 Ridge Dr South, Huntsville, AL 35802
    View details
    Land in Mini Farm Subdivision
    $146,000
    3.58 Acres

    Land in Mini Farm Subdivision

    Wooded 3.58-acre lot in Toney, farm animals allowed.

    9 Gatlin Rd, Toney, AL 35773
    View details
    Toney, AL 16 Acre Land
    $379,000
    16.00 Acres

    Toney, AL 16 Acre Land

    16 acres of wooded land near Highway 53.

    1 Gatlin Rd, Toney, AL 35773
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    Residential Land in Toney, AL
    $59,900

    Residential Land in Toney, AL

    Large, flat lot in established neighborhood, Toney, Alabama.

    Southern Pine Dr, Toney, AL 35773
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    Huntsville Land For Sale
    Contact for pricing

    Huntsville Land For Sale

    Vacant land in Huntsville with highway business zoning.

    Old Railroad Bed Rd, Harvest, AL 35749
    View details
    Land on Elkwood Section Road
    $124,900

    Land on Elkwood Section Road

    Land available on Elkwood Section Road in Hazel Green.

    2642 Elkwood Section Rd, Hazel Green, AL 35750
    View details
    Land For Sale
    $146,000

    Land For Sale

    Land available for sale.

    9 Gatlin Rd, Toney, AL 35773
    View details
    Well-Maintained Brick Duplex For Sale
    $249,900

    Well-Maintained Brick Duplex For Sale

    Ranch-style duplex with updated unit, ideal for investment.

    226 Cedar Lake Rd, Decatur, AL 35603
    View details
    Commercial Lots in Foley
    $75,000

    Commercial Lots in Foley

    Two commercial lots totaling 0.98 acres for sale.

    0000 S Cypress St, Foley, AL 36535
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    Limestone County Acreage Opportunity
    $319,000

    Limestone County Acreage Opportunity

    6.32 acre parcel ideal for farmhouse or barndominium.

    2 E Limestone Rd, Athens, AL 35613
    View details
    Nine-Unit Condo Investment Portfolio
    $899,900

    Nine-Unit Condo Investment Portfolio

    Nine condo units for sale as a rental investment portfolio.

    2225 Golf Rd, Huntsville, AL 35802
    View details
    Buildable Land with Lake Views
    $225,000

    Buildable Land with Lake Views

    1.7-acre lot with unobstructed views of Lake Guntersville.

    302 Mccorkle Mountain Rd, Scottsboro, AL 35769
    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
    Legend Realty
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