Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    0 Highway 82 East Centreville, AL 35042

    View on Map
    For Sale
    $499,000

    Vacant Land - Centreville, AL

    Lot size:
    93.00 Acres
    Added:
    Jun 27, 2025
    Days on Market:
    279
    Last Refresh:
    Apr 1 at 2:06 pm

    Property Features for 0 Highway 82 East

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    Lot size
    93.00 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Monroe Payne

    Listing agent Monroe Payne

    Listing office National Land Realty, Tuscaloosa, AL 2809 8th Street, Tuscaloosa, AL

    Listing date Jun 27, 2025

    MLS# 11538379 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    93 Acres with Scenic Lake

    This 93-acre property is located along Highway 82 East, offering accessibility and visibility. The tract features a 3.5± acre lake managed by Southeast Pond, a stream, and internal roads. The timber consists of 11–12-year-old pine, with sections that have undergone prescribed burning. Multiple home sites are located across the property, with electricity available. The property is suited for a private estate, hunting retreat, or long-term land investment. In spring 2024, the lake was stocked with threadfin shad, coppernose bluegill, and flathead minnows. Fertilization services were performed, and a Texas Hunter fish feeder was installed, utilizing Purina brand feed. In summer 2024, F-1 largemouth bass were stocked, with the bass population projected to reach an average weight of 6 pounds by 2027. This property offers recreational appeal and development potential.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Centreville
    County
    Bibb
    State
    Alabama
    Longitude
    -87.137477
    Latitude
    32.949795

    Nearby Similar for Sale

    • $525,000

      Centreville Farm with Creek and Home

      41-acre farm featuring a home, creek, and pastures.
      4150 Little Hope Road, Centreville, AL 35042
      View Details
    • $199,000

      Versatile Church Property in Centreville

      Church with potential for daycare, event venue, or community center.
      171 VALLEY STREET, CENTREVILLE, AL 35042
      View Details
    • $29,500

      Unrestricted Land in Bibb County

      2.52-acre property with utilities, ideal for custom builds.
      1830 PINE TREE ROAD, CENTREVILLE, AL 35042
      View Details
    • $960,000

      Centreville Timber & Hunting Land

      240+/- acres of prime hunting and timber investment land.
      000 Gary Springs Loop, Centreville, AL 35042
      View Details
    • $449,000

      Centreville Land with Highway Frontage

      Versatile 40-acre property with highway frontage and multiple access points.
      Highway 82, Centreville, AL 35042
      View Details
    • $77,500

      Centreville Land with Highway Frontage

      6.2 acres in Centreville, AL, with utilities available.
      00 MONTGOMERY HIGHWAY, CENTREVILLE, AL 35042
      View Details
    • $77,500

      Centreville Land on Highway 82

      6.2 acres on Highway 82, suitable for work/home.
      Montgomery Highway, Centreville, AL 35042
      View Details
    • $112,000

      Centreville Land with Water Features

      16.8 acres in Centreville with stream and pond.
      Magnolia Circle, Centreville, AL 35042
      View Details
    • $29,500

      Unrestricted Land in Centreville, AL

      2.52-acre property with utilities available, build to suit.
      1830 Pine Tree Road, Centreville, AL 35042
      View Details
    • $112,000

      Centreville Acreage with Utilities

      16.8 acres in Centreville, suitable for recreation or homesteading.
      0 MAGNOLIA CIRCLE, CENTREVILLE, AL 35042
      View Details
    • $190,000

      Centreville Land Parcel For Sale

      3.8 acre parcel suitable for multi-family housing development.
      0 MONTGOMERY HIGHWAY, CENTREVILLE, AL 35042
      View Details
    • $190,000

      Centreville, AL Land For Sale

      3.8 acre parcel suitable for multi-family housing development.
      Montgomery Highway, Centreville, AL 35042
      View Details

    FAQs

    What type of property is this?
    Recreation land - Land with lake, stream, timber, and development potential.
    Where is this recreation land located?
    The property is located at 0 Highway 82 East Centreville, AL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: 93‑acre property with easy highway access and prime visibility.; Professionally managed 3.5‑acre lake stocked with various fish species and equipped with a feeder.; Multiple excellent home sites with readily available electricity.
    (205) 343-2110
    We can help!
    Listing Contact
    Monroe Payne
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!