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    Jeremy R Grigsby, Killen, AL

    License ID: 75012
    Years of Experience
    16
    Association
    Shoals Area Association Of Realtors

    Service Locations

    Contact details

    Phone:
    (256) 710-7472
    Office Address:
    311 HWY 72, Killen, AL 35645

    Property Types

    • Commercial Sale
    • Land

    Performance

    Listings
    21
    Total transactions
    141
    Total transactions amount
    $35M
    Price range
    $165k - 372k
    Average price
    $248k

    Listings

    For Sale (20)

    View map
    • $169,900
      10.67 Acres

      Rogersville Land Tract For Sale

      Scenic 10.67 acre tract with gently rolling pasture.
      1001 County Road 108, Rogersville, AL 35652
      View Details
    • $239,900
      15.00 Acres

      Scenic Land with Pond

      15+/- acre tract featuring pasture, fencing, and pond.
      977 County Road 108, Rogersville, AL 35652
      View Details
    • $384,900
      0.45 Acres

      Waterfront Land in Killen, AL

      Scenic waterfront lots available in Killen, Alabama.
      132 Cole Crk Cv, Killen, AL 35645
      View Details
    • $324,900
      0.42 Acres

      Waterfront Land in Killen, Alabama

      Scenic waterfront lots available in Killen, Alabama.
      88 Cole Crk Cv, Killen, AL 35645
      View Details
    • $349,900
      0.49 Acres

      Waterfront Land in Killen, AL

      Scenic waterfront lots available in Killen, Alabama.
      58 Cole Crk Cv, Killen, AL 35645
      View Details
    • $39,500
      7.00 Acres

      Unrestricted Land in Lexington Area

      7+/- acres of unrestricted land with road frontage.
      County Road 88, Anderson, AL 35610
      View Details
    • $750,000
      1.91 Acres

      Waterfront Land in Killen, AL

      1.91+/- acre waterfront lot to build your dream lake house.
      1910 Lingerlost Rd, Killen, AL 35645
      View Details
    • $748,000
      68.00 Acres

      Killen, AL Land for Sale

      68+/- acre tract in Killen with creek frontage.
      County Road 25, Killen, AL 35645
      View Details
    • $94,900
      1.28 Acres

      Residential Land in Florence, AL

      1.28+/- acre residential lot ready for new construction.
      109 Willowbrook Dr, Florence, AL 35630
      View Details
    • Contact for pricing
      0.56 Acres

      Unrestricted Land in Florence, AL

      0.56+/- acre wooded tract, ideal for camping.
      County Road 74, Florence, AL 35633
      View Details
    • $57,500
      0.71 Acres

      Residential Land in Killen, AL

      Land for sale in Center Star community, Killen, Alabama.
      400 Cottontail Trl, Killen, AL 35645
      View Details
    • $299,000
      Pending

      Waterfront Land in Killen, AL

      3.71 acres of waterfront land in Lingerlost Landing.
      1480 Lingerlost Rd, Killen, AL 35645
      View Details
    • $299,000
      3.10 Acres

      Waterfront Land in Killen, AL

      3.1 acres of waterfront land in Lingerlost Landing.
      1460 Lingerlost Rd, Killen, AL 35645
      View Details
    • $299,000
      3.08 Acres

      Waterfront Land in Killen, AL

      Waterfront lots in a new Killen development.
      1440 Lingerlost Rd, Killen, AL 35645
      View Details
    • $50,000
      0.42 Acres

      Residential Land in Killen, AL

      Land for sale in Center Star community, Killen, Alabama.
      550 Cottontail Trl, Killen, AL 35645
      View Details
    • $47,500
      0.60 Acres

      Residential Land in Killen, AL

      Land for sale in a new development in Killen.
      101 Hummingbird Way, Killen, AL 35645
      View Details
    • $39,500
      Pending

      Unrestricted Land in Lexington Area

      3.6+/- acres of unrestricted, gently rolling, wooded land.
      3.6 Acres Co Rd 88, Anderson, AL 35610
      View Details
    • Contact for pricing

      Commercial Land on Cox Creek

      Land with commercial potential on Cox Creek Parkway.
      675 Cox Creek Pkwy, Florence, AL 35630
      View Details
    • Contact for pricing

      Unrestricted Land in Lexington Area

      7+/- acres of unrestricted land near Lexington and Anderson.
      00 County Road 88, Anderson, AL 35610
      View Details
    • New
      $239,900

      Agricultural Land Parcel

      For sale agricultural land in Lauderdale County with convenient access off Co Rd 108.
      977 County Road 108, Rogersville, AL 35652
      View Details

    For Lease (1)

    View map
    • $2,200 /Mo
      12,700 SF

      Retail/Office Space in Cullman, AL

      Retail/office space in a 5-unit complex on Cherokee Avenue.
      1726 - B Cherokee Ave, Cullman, AL 35055
      View Details

    Leases and Sales on Map

    • For Sale
    • For Lease

    Properties for sale

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    Jeremy R Grigsby, Killen, AL
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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.

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    Jeremy R Grigsby, Killen, AL
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