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

    10869 Highway 31 Evergreen, AL 36401

    View on Map
    Claim this Listing
    Pending
    $205,000

    Land - Evergreen, AL

    Lot size:
    55.00 Acres
    Added:
    Feb 5, 2026
    Days on Market:
    71
    Last Refresh:
    Apr 17 at 10:06 pm

    Property Features for 10869 Highway 31

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Not Zoned
    Standard status
    Pending
    APN
    21 20 03 07 3 000 015.000
    Lot size
    55.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Susan Coleman

    Listing agent Susan Coleman License #157395-2

    Listing office Coleman Realty 403 East Front St, Evergreen, AL

    Listing date Feb 5, 2026

    MLS# 391412 Listing URL

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

    Overview

    55 Acre Land Near I-65

    This 55-acre property is located in the Fairview community of Conecuh County, minutes from I-65. The land features a mix of hardwoods and pine trees, along with partially cleared spaces. A scenic pond is located on the property. Utilities are not currently on-site but are within reach. The property is located off Exit 93, near downtown Evergreen, Alabama. The location provides convenient access to town while maintaining privacy. The land is suitable for fishing, hunting, or building a home. Buyer to verify all information during due diligence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Auto Repair Shop Grocery & Convenience Store Wine and Liquor Store Parking Lot & Garage

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

    Location Insight

    • Map
    • Local Demand
    City
    Evergreen
    County
    Conecuh
    State
    Alabama
    Longitude
    -86.999741
    Latitude
    31.409526

    Nearby Similar for Sale

    • $199,999

      Unique Downtown Evergreen Property

      Versatile 1.16-acre property with furnished building in downtown Evergreen.
      305 Rural Street, Evergreen, AL 36401
      View Details
    • $325,000

      Development Site Near I-65

      16-acre site near I-65 and Evergreen Airport.
      10521 Highway 84, Evergreen, AL 36401
      View Details
    • $199,000

      Highway Frontage Investment Opportunity

      Highway frontage property with RV campground and convenience store potential.
      2777 Highway 83, Evergreen, AL 36401
      View Details
    • $156,500

      Prime Commercial Land I-65

      2.67-acre commercial property near I-65 with income-producing billboard.
      0 Liberty Hill Drive, Evergreen, AL 36401
      View Details
    • $46,500

      Evergreen, AL Development Land

      1.98-acre lot with highway frontage near Interstate 65.
      0 W Front Street, Evergreen, AL 36401
      View Details
    • $65,000

      8.6 Acres Commercial Land Evergreen

      Commercial land with high visibility in Evergreen, Alabama.
      Wild Avenue, Evergreen, AL 36401
      View Details
    • $34,500

      Unrestricted Land Near Sepulga River

      Open land with highway frontage near Sepulga River, Evergreen, AL.
      0 W Hwy 84, Evergreen, AL 36401
      View Details
    • $235,000

      Land with Highway Frontage Shop

      2 acres with shop near I-65 Exit 93.
      11326 US Highway 31, Evergreen, AL 36401
      View Details
    • $325,000
      720 SF

      16-Acre Development Site on Highway

      High-visibility land near I-65 and Evergreen Airport.
      10521 Highway 84, Evergreen, AL 36401
      View Details
    • $1,589,000

      187 Acres Near I-65

      187 acres with timber, pond, and development potential near I-65.
      0 Loree Road, Evergreen, AL 36401
      View Details
    • $199,999

      Downtown Evergreen Church For Sale

      Unique property with flexible potential in downtown Evergreen, Alabama.
      205 Rural Street, Evergreen, AL 36401
      View Details
    • $199,000

      Highway Frontage RV Campground Opportunity

      Highway frontage property with RV campground and store potential.
      2777 Highway 83, Evergreen, AL 36401
      View Details

    FAQs

    What type of property is this?
    Land - 55 acre property near I-65 with mixed trees.
    Where is this land located?
    The property is located at 10869 Highway 31 Evergreen, AL.
    What is the asking price?
    The asking price for this property is $205,000.
    What are key features of this property?
    This property features: 55± acre property in Conecuh County; Mix of hardwoods, pine trees, and partially cleared spaces; Enjoy the scenic pond
    (251) 227-5948
    We can help!
    Listing Contact
    Susan Coleman
    Real Estate License ID: 157395-2
    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!