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    The Largest CRE Database in the US with Over 1 Million Listings

    Lisa Elrod, Hueytown, AL

    License ID: 67241
    Years of Experience
    16
    Association
    Birmingham Area Association Of Realtors Inc

    Service Locations

    Contact details

    Phone:
    (205) 337-8652
    Office Address:
    220 Brooklane Dr, Hueytown, AL 35023

    Property Types

    • Land

    Performance

    Listings
    12
    Total transactions
    163
    Total transactions amount
    $16M
    Price range
    $65k - 147k
    Average price
    $98k

    Listings

    For Sale (12)

    View map
    • $85,000
      5.28 Acres

      Land in Pleasant Grove, AL

      5.28 acres of land perfect for building a home.
      421 14Th Place Cir, Pleasant Grove, AL 35127
      View Details
    • $45,000
      0.50 Acres

      Residential Lot in Birmingham

      Residential lot available for custom home construction in Birmingham, AL.
      1 Indian Gate Cir, Birmingham, AL 35242
      View Details
    • $44,900
      Pending

      Unrestricted Acreage in Concord, Alabama

      11.37 acres of unrestricted land in Concord, Alabama.
      5635 Victory Ln, Bessemer, AL 35023
      View Details
    • Contact for pricing
      0.46 Acres

      Residential Land in Sylvan Springs

      Land for sale in Sylvan Springs, Alabama.
      6026 Parkview Trl, Sylvan Springs, AL 35118
      View Details
    • Contact for pricing
      0.45 Acres

      Land in Sylvan Springs, AL

      Residential land available in Sylvan Springs, Alabama.
      252 Parkview Dr, Sylvan Springs, AL 35118
      View Details
    • Contact for pricing
      0.47 Acres

      Land For Sale in Sylvan Springs

      Residential land available in Sylvan Springs, Alabama.
      258 Parkview Dr, Sylvan Springs, AL 35118
      View Details
    • Contact for pricing
      0.31 Acres

      Land For Sale, Sylvan Springs

      Residential land available in Sylvan Springs, Alabama.
      251 Parkview Dr, Sylvan Springs, AL 35118
      View Details
    • Contact for pricing
      0.77 Acres

      Land for Residential Development

      Residential land available in Sylvan Springs, Alabama.
      6027 Parkview Trl, Sylvan Springs, AL 35118
      View Details
    • Contact for pricing
      0.81 Acres

      Land For Sale in Sylvan Springs

      Residential land available in Sylvan Springs, Alabama.
      6021 Parkview Trl, Sylvan Springs, AL 35118
      View Details
    • $45,000
      0.40 Acres

      Waterfront Land with Septic Tank

      Unrestricted deeded land with waterfront, septic, and water tap.
      175 Glaze Creek Rd, Bessemer, AL 35023
      View Details
    • $109,000
      1.66 Acres

      Commercial Property in Sylvan Springs

      Commercial property available for sale in Sylvan Springs, Alabama.
      5064 Birmingport Rd, Sylvan Springs, AL 35118
      View Details
    • $30,000
      0.67 Acres

      Cleared Lot Ready to Build

      Cleared 0.67 acre lot with septic tank approval.
      3037 Lee Ann Dr, Bessemer, AL 35023
      View Details

    Leases and Sales on Map

    • For Sale

    Properties for sale

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    Lisa Elrod, Hueytown, 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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    Lisa Elrod, Hueytown, AL
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