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

    101 & 102 Sipsey Overlook Road Double Springs, AL 35553

    View on Map
    For Sale
    $99,000

    LAND - Double Springs, AL

    Lot size:
    3.08 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    17
    Last Refresh:
    Apr 1 at 9:06 am

    Property Features for 101 & 102 Sipsey Overlook Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    671204200000001003, 671204200000001004
    Lot size
    3.08 Acres

    Utilities

    Sewer type
    Private Sewer
    Water source
    Public
    Water front features
    Waterfront
    Water front
    1

    We can help!

    Listing Contact
    David King

    Listing agent David King License #142065

    Listing office Re/Max Patriot Realty 3850 Hwy 69 S, AL

    Listing date Mar 16, 2026

    MLS# 21858010

    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

    Double Lot Near Smith Lake

    This is a 3+ acre double lot located eight blocks from the private Sipsey Shores launch ramp on Smith Lake. The property is clean and has full power to the center of the lot, with public water available at the lot. This property is suitable for buyers looking for a waterfront home with easy access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Auto Repair Shop Hair Salon Pharmacy Department Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Double Springs
    County
    Winston
    State
    Alabama
    Longitude
    -87.3879
    Latitude
    34.1347

    Nearby Similar for Sale

    • $117,500

      Waterfront Lot in Gated Community

      Picturesque waterfront lot with lake access and stunning views.
      01 Port Tack, Double Springs, AL 35553
      View Details
    • $2,160,000

      High-Fenced Trophy Whitetail Estate

      216+/- acre high-fenced trophy whitetail estate near Double Springs.
      0 County Road 25, Double Springs, AL 35553
      View Details
    • $89,000

      Land Near Bankhead National Forest

      11-acre land parcel near Double Springs and Smith Lake.
      0 Co Rd 3022, Double Springs, AL 35553
      View Details
    • $61,665

      Residential Lots on Lewis Smith Lake

      2.434 acre residential lots near William Bankhead National Forest.
      0 Stillwater Lane, Double Springs, AL 35553
      View Details
    • $19,999

      Smith Lake Land Opportunity

      1.7 acre lot near Smith Lake in Double Springs.
      LOT 214 STONEY POINT, Double Springs, AL 35553
      View Details
    • $9,000

      Residential Land in Gated Community

      Residential land with lake access in Double Springs, Alabama.
      0 S STONEY POINT Rd, Double Springs, AL 35553
      View Details
    • $190,000

      Smith Lake Waterfront Lot

      Residential lot with 102 feet of shoreline and year-round water.
      LOT 39 SHORESIDE DRIVE, Double Springs, AL 35553
      View Details
    • $383,400

      Alabama Hunting Land with Creek

      142-acre hunting paradise near Ashridge, Alabama with diverse terrain.
      0 Highway 195, Ashridge, AL 35553
      View Details
    • $432,100

      149 Acres of Vacant Land

      149 acres near Double Springs, AL, with hunting and timber potential.
      0 County Road 2, Double Springs, AL 35553
      View Details
    • $35,000

      Unrestricted Land Near Smith Lake

      4-acre lot near Smith Lake, Sipsey River, and Bankhead Forest.
      0 County Rd 3022, Double Springs, AL 35553
      View Details
    • $71,665

      Lewis Smith Lake Waterfront Lot

      Gorgeous waterfront lot on Alabama's deepest lake.
      0 Stillwater Lane, Double Springs, AL 35553
      View Details
    • $59,900

      Smith Lake Waterfront Lot

      Lakefront lot with big views, ready to build.
      LOT 43 SIPSEY OVERLOOK, Double Springs, AL 35553
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3+ acre double lot near Sipsey Shores launch ramp.
    Where is this residential land & home lot located?
    The property is located at 101 & 102 Sipsey Overlook Road Double Springs, AL.
    What is the asking price?
    The asking price for this property is $99,000.
    What are key features of this property?
    This property features: Double lot with 3+ acres provides ample space and potential.; Located just 8 blocks from the Sipsey Shores launch ramp on Smith Lake, offering convenient lake access.; Full power available to the center of the lot.
    (256) 803-5600
    We can help!
    Listing Contact
    David King
    Real Estate License ID: 142065
    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!