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

    2.93 Acres Hwy 231 Arab, AL 35016

    View on Map
    Sponsored
    For Sale
    $154,900

    COMMERCIAL - Arab, AL

    Lot size:
    2.93 Acres
    Days on Market:
    39
    Last Refresh:
    Mar 17 at 11:06 am

    Property Features for 2.93 Acres Hwy 231

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1208340000022000
    Lot size
    2.93 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Carl Thomas

    RE/MAX Alliance Madison (256) 533-4900

    Listing agent Carl Thomas (256) 783-3294 License #98650

    Listing date Feb 6, 2026

    MLS# 21890369 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.

    Learn more

    Property Insight Report

    Overview

    Unrestricted Land on Highway 231

    This 2.93-acre commercial land is located on Highway 231, just north of Arab, Alabama, and south of Huntsville. The flat lot offers 409 feet of road frontage on US HWY 231 with no restrictions, presenting opportunities for various uses. The property is suitable for a mini-farm, business, storage units, gas station, or residential homes. The Cody Hills subdivision, featuring nice homes, is located behind this land, making it a potentially good location for building houses. A concept plan suggests the possibility of a billboard, storage units, and three houses. It is located 20 minutes from Redstone Arsenal. The land could be cleared for resale or developed into a mini-farm with a single home on the backside off Chambers Road.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Arab
    County
    Marshall
    State
    Alabama
    Longitude
    -86.4948
    Latitude
    34.3289

    Nearby Similar for Sale

    • $423,000
      6,279 SF

      Renovated Warehouse and Office Space

      6,000+ sq ft warehouse/office near Highway 231, Arab, AL.
      1291 Eddy Scant City Rd, Arab, AL 35016
      View Details
    • $749,000
      6,500 SF

      Prime Commercial Opportunity in Arab

      6,500+/- sq ft commercial property in high-traffic Arab location.
      222 Brindlee Mountain Pkwy N, Arab, AL 35016
      View Details
    • $975,000
      15,800 SF

      Commercial Property on Highway 69

      3.9 acres with showroom, offices, and large warehouse.
      10428 Al Highway 69, Arab, AL 35016
      View Details
    • $599,000
      6,000 SF

      Potential Multi-Family Rental Unit

      Adaptable building suitable for multi-family or medical office use.
      154 S Main St, Arab, AL 35016
      View Details
    • New
      $259,000
      3,570 SF

      Commercial Building in Arab, Alabama

      Four-unit commercial building with road frontage in Arab, Alabama.
      401 4Th Ave, Arab, AL 35016
      View Details
    • $450,000
      9,500 SF

      Versatile Commercial Property in Arab

      9500 sq ft commercial space with retail and warehouse.
      218 S Brindlee Mountain Pkwy, Arab, AL 35016
      View Details
    • $259,000
      3,000 SF

      Arab Retail Property For Sale

      Retail property on corner lot with high traffic count.
      10047 Us Highway 231, Arab, AL 35016
      View Details
    • $1,250,000
      20,445 SF

      Industrial/Office/Warehouse on Highway 231

      19,095 SF industrial/office/warehouse on 2.34 acres with high visibility.
      540 S Brindlee Mountain Pkwy, Arab, AL 35016
      View Details
    • $399,000
      1,680 SF

      Commercial Building on High-Traffic Highway

      Commercial building with high visibility and ample parking.
      1521 Old Huntsville Hwy, Arab, AL 35016
      View Details
    • $545,000
      2,870 SF

      Commercial Building on Highway 69

      Investment opportunity: brick building on Highway 69, currently rented.
      205 Guntersville Rd, Arab, AL 35019
      View Details
    • $569,900
      4,350 SF

      Mixed-Use Property in Arab, AL

      Commercial property with residential units and high traffic visibility.
      619 Brindlee Mountain Pkwy N, Arab, AL 35016
      View Details
    • $199,000
      1,875 SF

      Historic Building in Downtown Arab

      Updated historic building in downtown Arab, suitable for retail/office.
      117 N Main St, Arab, AL 35016
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2. 93 acres with highway frontage near Arab, Alabama.
    Where is this commercial land located?
    The property is located at 2.93 Acres Hwy 231 Arab, AL.
    What is the asking price?
    The asking price for this property is $154,900.
    What are key features of this property?
    This property features: - 409 feet of road frontage on US HWY 231 with no restrictions.; - Located 20 minutes from Redstone Arsenal.; - Suitable for various uses: mini-farm, business, storage units, gas station, or residential homes.
    (256) 783-3294
    Request Owner's contact information
    2.93 Acres Hwy 231 Arab, AL 35016
    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.
    2.93 Acres Hwy 231
    Arab, AL 35016
    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
    2.93 Acres Hwy 231 Arab, AL 35016
    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

    We can help!
    Listing Contact
    Carl Thomas
    Real Estate License ID: 98650
    (256) 783-3294
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!