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    1162 County Rd, Unit 40 Salem, AL 36874

    For Sale
    Contact for pricing

    Lots - SALEM, AL

    Lot size:
    1.00 Acre
    Days on Market:
    29
    Last Refresh:
    Dec 10 at 11:06 am

    Property Features for 1162 County Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    EXIT Royal Realty (205) 258-5325 [email protected]

    Listing agent Nathan Oldroyd (205) 258-5325

    Listing date Nov 12, 2025

    MLS# 21436610 Listing URL

    Copyright © 2025 Greater Alabama 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

    Land in Salem, Alabama

    This property consists of a one-acre land parcel located in Salem, Alabama. It is being offered as a tax deed property, and cash offers are the only accepted form of payment. Please note that title insurance is not available at closing. There is a house on the property, but it is not to be entered.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Salem
    County
    Lee
    State
    Alabama
    Longitude
    -85.32265
    Latitude
    32.49543

    Nearby Similar for Sale

    • $695,000
      1,500 SF

      New Construction Retail Opportunity

      New 1,500 SF retail property on 1.5 acres.
      5330 Lee Road 379, Salem, AL 36874
      View Details

    FAQs

    What type of property is this?
    Land - One-acre land parcel available in Salem, Alabama.
    Where is this land located?
    The property is located at 1162 County Rd, Unit 40 Salem, AL.
    What is the asking price?
    The asking price for this property is $14,000.
    What are key features of this property?
    This property features: - Cash offers only; - Tax deed property; - No title insurance available at closing
    (205) 258-5325
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    1162 County Rd, Unit 40 Salem, AL 36874
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    Salem, AL 36874
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    Realmo Value Estimation

    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.

    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.

    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
    1162 County Rd, Unit 40 Salem, AL 36874
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