Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    10051 Highway 431 New Hope, AL 35760

    View on Map
    Claim this Listing
    For Sale
    $474,500

    COMMERCIAL - New Hope, AL

    Lot size:
    7.00 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    63
    Last Refresh:
    May 5 at 9:06 am

    Property Features for 10051 Highway 431

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    2209320002006.000
    Lot size
    7.00 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jonathan Broadway

    Listing agent Jonathan Broadway License #82483

    Listing office Lht Commercial Real Estate, Ll 203 E Side Square, Ste. C-4, Huntsville, AL

    Listing date Mar 3, 2026

    MLS# 21870361 Listing URL

    Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway Frontage Commercial Land

    This property features over 7 acres of land situated along Highway 431 within the city limits of New Hope, Alabama. The site includes approximately 500 feet of road frontage. Zoning is split between B2 in the front and R1 in the back. A condemned house is located in the middle-back portion of the property and holds no value. The property is located in an area along the highway near a bank, restaurant, and other commercial properties.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Auto Parts Store Pharmacy Bar & Pub

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Hope
    County
    Madison
    State
    Alabama
    Longitude
    -86.434088
    Latitude
    34.553451

    Nearby Similar for Sale

    • $650,000
      3,240 SF

      Remodeled Convenience Store Near Huntsville

      High-visibility remodeled convenience store with kitchen and ample parking.
      839 New Hope Cedar Point Rd, New Hope, AL 35760
      View Details
    • $330,000
      1,200 SF

      Commercial Land in New Hope

      1.9-acre commercial land opportunity near Marshall County line.
      Highway 431 S, New Hope, AL 35760
      View Details
    • $89,900

      New Hope Commercial Land For Sale

      1.10 acre commercial tract with road frontage.
      4645 Main Drive, New Hope, AL 35760
      View Details
    • $79,000

      Land in New Hope, AL

      0.9 acre building lot within New Hope city limits.
      .9 ACRE T R Christian Road, New Hope, AL 35760
      View Details
    • $595,000
      16,240 SF

      Manufacturing Facility in New Hope

      16,240 SF manufacturing facility on 2.7 acres for sale.
      1453 Johnson Avenue, New Hope, AL 35760
      View Details
    • $575,900

      New Hope Land Opportunity

      15+/- acre land parcel in New Hope, Alabama.
      15 Acres Feather Way, New Hope, AL 35763
      View Details
    • $72,900

      Residential Land in New Hope

      1.48 acre residential land for sale in New Hope, AL.
      1.48 Acres Wesley Childers Road, New Hope, AL 35760
      View Details
    • $70,000

      Residential Land in New Hope

      Land for sale in New Hope, Alabama.
      154 Stratman Drive, New Hope, AL 35760
      View Details
    • $70,000

      Residential Land in New Hope

      Land for sale in New Hope, Alabama, residential development.
      156 Stratman Drive, New Hope, AL 35760
      View Details
    • $275,000
      600 SF

      Commercial Land in New Hope

      0.80 acre fenced lot zoned B-2 Commercial.
      10520 431 S, New Hope, AL 35760
      View Details
    • $189,900

      Commercial Land in Downtown New Hope

      Commercial land with frontage on Main Drive in New Hope.
      5388 Main Drive, New Hope, AL 35760
      View Details
    • $189,900

      Prime Commercial Land in New Hope

      Commercial land for development in a sought-after location.
      5388 Main Dr, New Hope, AL
      View Details

    FAQs

    What type of property is this?
    Commercial land - 7+ acres of commercial land with highway frontage.
    Where is this commercial land located?
    The property is located at 10051 Highway 431 New Hope, AL.
    What is the asking price?
    The asking price for this property is $474,500.
    What are key features of this property?
    This property features: Over 7 acres within New Hope city limits.; Boasts approximately 500 feet of road frontage on Highway 431.; Zoned B2 (front) and R1 (back), offering **significant mixed‑use potential**.
    (256) 520-5000
    We can help!
    Listing Contact
    Jonathan Broadway
    Real Estate License ID: 82483
    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

    Thank You for Inquiry
    10051 Highway 431, New Hope, AL 35760
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!