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    Maine

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    For Sale (24)

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    Cherokee, AL Vacant Land
    $37,900
    7.00 Acres

    Cherokee, AL Vacant Land

    7 acres of land suitable for hunting or weekend getaway.

    Corsbie Hill Rd, Cherokee, AL 35616
    View details
    Residential Lot in Restricted Subdivision
    $94,905
    0.42 Acres

    Residential Lot in Restricted Subdivision

    Residential lot in Muscle Shoals, near golf course.

    8 Eagle Vw Dr, Muscle Shoals, AL 35661
    View details
    Vacant Land on Highway 72
    $34,500
    2.90 Acres

    Vacant Land on Highway 72

    2.90 acre lot with high visibility on Highway 72.

    01 Highway 72, Cherokee, AL 35616
    View details
    Residential Lot in Cherokee, AL
    Contact for pricing
    0.92 Acres

    Residential Lot in Cherokee, AL

    Level lot suitable for home with privacy and outdoor living.

    00 Daniel St, Cherokee, AL 35616
    View details
    Residential Building Lot in Sheffield
    Contact for pricing
    0.17 Acres

    Residential Building Lot in Sheffield

    Residential lot available in Sheffield, Alabama.

    Milner St, Sheffield, AL 35660
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    Residential Lot in Davis Estates
    $60,000
    1.57 Acres

    Residential Lot in Davis Estates

    1.57-acre lot for a custom home near local amenities.

    25 Davis Dr, Tuscumbia, AL 35674
    View details
    22 Acres Near Bankhead Forest
    $125,140
    22.00 Acres

    22 Acres Near Bankhead Forest

    22 acres suitable for mini-farm, dream home, hunting, or recreation.

    01 Co Hwy 195, Haleyville, AL 35565
    View details
    9.9 Acres Wooded Land
    $66,625
    9.90 Acres

    9.9 Acres Wooded Land

    9.9 acres of wooded land, perfect for hunting.

    County Road 3034, Double Springs, AL 35553
    View details
    Hamilton Commercial Land Opportunity
    $117,000
    2.00 Acres

    Hamilton Commercial Land Opportunity

    Two-acre commercial land near interstate with utilities in place.

    3511 W Bexar Ave, Hamilton, AL 35570
    View details
    Waterfront Lot with Pier Permit
    $389,950
    1.00 Acre

    Waterfront Lot with Pier Permit

    Residential lot with Wilson Lake views and pier permit.

    1 Eagle Vw Dr, Muscle Shoals, AL 35661
    View details
    Residential Lot in Eagle View
    $94,905
    0.37 Acres

    Residential Lot in Eagle View

    Residential lot available in a peaceful Muscle Shoals subdivision.

    9 Eagle Vw Dr, Muscle Shoals, AL 35661
    View details
    Muscle Shoals Warehouse on Acre
    $319,900
    400 SF

    Muscle Shoals Warehouse on Acre

    Warehouse space on an acre, suitable for business needs.

    208 Industrial Dr, Muscle Shoals, AL 35661
    View details
    Waterfront Lot with Sunset Views
    $189,000
    0.84 Acres

    Waterfront Lot with Sunset Views

    Gated waterfront lot with custom home plans and sunset views.

    00011 Clear View Dr, Sheffield, AL 35660
    View details
    Sheffield Land Near Downtown
    Contact for pricing
    0.56 Acres

    Sheffield Land Near Downtown

    Versatile lot suitable for residential or commercial development.

    Atlanta Ave, Sheffield, AL 35660
    View details
    Commercial Building with RV Sites
    $375,000
    4,256 SF

    Commercial Building with RV Sites

    Commercial building with RV sites on 1.34 acres.

    152 River Rd, Mexico, ME 04257
    View details
    Waterfront Lot on Wilson Lake
    $259,900
    1.08 Acres

    Waterfront Lot on Wilson Lake

    1.08-acre waterfront lot ready for your dream home.

    4 Fleetwood Dr, Muscle Shoals, AL 35661
    View details
    Waterfront Acres in Cherokee, AL
    $349,000
    3.05 Acres

    Waterfront Acres in Cherokee, AL

    3.05 waterfront acres with possibilities in Cherokee, Alabama.

    00 Riverton Rose Tl, Cherokee, AL 35616
    View details
    Commercial Building in Tuscumbia, AL
    $159,900
    1,443 SF

    Commercial Building in Tuscumbia, AL

    Commercial building in Tuscumbia, Alabama, zoned RB.

    204 3Rd St, Tuscumbia, AL 35674
    View details
    22 Acres Bordering National Forest
    $125,390
    22.00 Acres

    22 Acres Bordering National Forest

    Land with direct access to thousands of acres of protected forest.

    35110 Highway 195, Haleyville, AL 35565
    View details
    Commercial Building with RV Sites
    $375,000
    4,256 SF

    Commercial Building with RV Sites

    Commercial building with 7 RV sites on 1.34 acres.

    152 River Rd, Mexico, ME 04257
    View details
    Spacious Warehouse on Acre Lot
    $329,900
    400 SF

    Spacious Warehouse on Acre Lot

    6,296 SF warehouse on an acre near Lowe's.

    208 Industrial Dr, Muscle Shoals, AL 35661
    View details
    Waterfront Lot with Sunset Views
    $189,000

    Waterfront Lot with Sunset Views

    Waterfront lot in gated community near downtown Sheffield.

    00011 Clear View Dr, Sheffield, AL 35660
    View details
    Pilgrim Road Land For Sale
    $159,000

    Pilgrim Road Land For Sale

    19 acres of land with timber and septic tank.

    00 Pilgrim Rd, Tuscumbia, AL 35674
    View details
    Highway 13 Commercial Opportunity
    $139,000
    1,820 SF

    Highway 13 Commercial Opportunity

    High-visibility commercial property on Highway 13 in Bear Creek.

    8421 State Highway 13, Bear Creek, AL 35543
    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
    Riverside Realty
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