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    For Sale (22)

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    Northport Land For Sale
    $249,900
    4.90 Acres

    Northport Land For Sale

    Two parcels totaling nearly 5 acres suitable for development.

    Highway 69 N, Northport, AL 35473
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    Tuscaloosa Land with Home Sites
    $100,000
    10.97 Acres

    Tuscaloosa Land with Home Sites

    Land with potential home sites in a rural, wooded area.

    11109 Turner Rd, Tuscaloosa, AL 35406
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    Wooded Lots in Tuscaloosa, AL
    $40,000

    Wooded Lots in Tuscaloosa, AL

    Three wooded lots available in Tuscaloosa, Alabama.

    Southern Breeze Dr, Tuscaloosa, AL 35405
    View details
    Commercial Land in Gordo, AL
    $95,900
    10.03 Acres

    Commercial Land in Gordo, AL

    10.03 acre commercial land for sale in Gordo, Alabama.

    W /Hwy 86, Gordo, AL 35466
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    Gordo, AL Wooded Land
    $33,900
    3.39 Acres

    Gordo, AL Wooded Land

    3.39 acres of wooded land, convenient location.

    lot 14/15 Magnolia Creek Rd, Gordo, AL 35466
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    Land Near Black Warrior River
    $35,000
    0.46 Acres

    Land Near Black Warrior River

    Recreational land near Black Warrior River with park access.

    5 Lck, Greensboro, AL 35744
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    Landlocked Land in Millport, Alabama
    $56,500
    40.00 Acres

    Landlocked Land in Millport, Alabama

    40 acres of land near County Rd. 10, Millport, AL

    County Road 10, Millport, AL 35576
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    Land For Sale, Gordo, AL
    Contact for pricing
    1.69 Acres

    Land For Sale, Gordo, AL

    1.69 acre land parcel available in Gordo, Alabama.

    Magnolia Creek Rd, Gordo, AL 35466
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    Land For Sale, Gordo, AL
    Contact for pricing
    0.87 Acres

    Land For Sale, Gordo, AL

    Commercial land available in Gordo, Alabama.

    10 Magnolia Creek Rd, Gordo, AL 35466
    View details
    Waterfront Lot in Tuscaloosa, AL
    $209,900
    1.43 Acres

    Waterfront Lot in Tuscaloosa, AL

    Waterfront land for sale, ideal for building a lakeside residence.

    1755 Lake Haven Cir, Tuscaloosa, AL 35406
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    Land For Sale, Gordo, AL
    Contact for pricing
    0.99 Acres

    Land For Sale, Gordo, AL

    0.99 acre commercial land for sale in Gordo, Alabama.

    5 Magnolia Crk Dr, Gordo, AL 35466
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    Unzoned Land Parcel in Tuscaloosa
    $663,832
    104.00 Acres

    Unzoned Land Parcel in Tuscaloosa

    Large unzoned land parcel with potential for development.

    Daffron Rd, Tuscaloosa, AL 35453
    View details
    Tuscaloosa Commercial Property on Jug Factory
    $195,000
    1,595 SF

    Tuscaloosa Commercial Property on Jug Factory

    Commercial property with frontage on Jug Factory Road in Tuscaloosa.

    5020 Jug Factory Rd, Tuscaloosa, AL 35405
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    Land on Lurleen Wallace Blvd
    $75,000

    Land on Lurleen Wallace Blvd

    Property available on Lurleen Wallace Blvd in Tuscaloosa, Alabama.

    Lurleen Wallace Blvd, Tuscaloosa, AL 35476
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    Restaurant on Highway 69 South
    Contact for pricing

    Restaurant on Highway 69 South

    Restaurant for sale with land, building, equipment, and furniture.

    15888 Highway 69 South, Moundville, AL 35474
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    Commercial Land on Jug Factory
    $195,000
    1,595 SF

    Commercial Land on Jug Factory

    Versatile commercial land with frontage on Jug Factory Road.

    5020 Jug Factory Rd, Tuscaloosa, AL 35405
    View details
    Wooded Lots Ready For Owner
    $40,000

    Wooded Lots Ready For Owner

    Three wooded lots available for sale.

    00 Southern Breeze Dr, Tuscaloosa, AL 35405
    View details
    Waterfront Lot on Lakes
    $209,900

    Waterfront Lot on Lakes

    Exceptional waterfront lot, build your dream lakeside residence.

    1755 Lake Haven Cir, Tuscaloosa, AL 35406
    View details
    Versatile Commercial Land For Sale
    $195,000
    1,595 SF

    Versatile Commercial Land For Sale

    Commercial land with frontage, house, and shop on property.

    5020 Jug Factory Rd, Tuscaloosa, AL 35405
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    Land For Sale
    Contact for pricing

    Land For Sale

    Land available for sale in Gordo, Alabama.

    10 Magnolia Creek Rd, Gordo, AL 35466
    View details
    Land-Locked Property Without Deeded Easement
    $56,500

    Land-Locked Property Without Deeded Easement

    Land-locked property for sale; buyer must obtain easement.

    00 County Road 10, Millport, AL 35576
    View details
    Land For Sale
    Contact for pricing

    Land For Sale

    Land available for sale in Gordo, Alabama.

    11 Magnolia Creek Rd, Gordo, AL 35466
    View details

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    Southern Homes
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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
    Southern Homes
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