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 County Road 496 Lexington, AL 35648

    View on Map
    Claim this Listing
    For Sale
    $129,900

    Vacant Land - Lexington, AL

    Lot size:
    15.40 Acres
    Added:
    Jun 17, 2025
    Days on Market:
    314
    Last Refresh:
    Apr 26 at 11:06 pm

    Property Features for 2 County Road 496

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    02-03-07-0-000-006.000
    Lot size
    15.40 Acres

    Taxes and HOA fees

    Tax Annual Amount
    100

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jake Pinholster

    Listing agent Jake Pinholster

    Listing office Whitetail Properties Real Estate 121 South Madison Street, Pittsfield, AL

    Listing date Jun 17, 2025

    MLS# 11631024 Listing URL

    Copyright © 2026 My State 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

    Lexington Vacant Land with Pasture

    This property features 15.4 acres of land, including approximately 8 acres of gently rolling pasture and about 7 acres of mixed hardwood timber. Located on a paved county road, the land offers quiet country living. Power is available. A new survey is on file, and a perc test has been completed. A small red barn is present on the property, suitable for parking a tractor, bush hog, or ATV. A small wet-weather stream flows through the wooded area. The timber consists of a mix of trees, including large oaks along the pasture's edge. Good fencing is in place along the pasture areas, making it suitable for cattle or horses. The property includes excellent homesites, a small stream, and paved road frontage.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Lexington
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.415299
    Latitude
    34.986776

    Nearby Similar for Sale

    • $50,000

      Residential Land in Lexington, AL

      2.85 acre residential land for sale in Lexington, AL.
      7415 Hwy 64, Lexington, AL 35648
      View Details
    • $195,500

      Lexington Farm Land For Sale

      14.72 acre farm with road frontage and hay barn.
      01 Teddy White Road, Lexington, AL 35648
      View Details
    • $151,900

      Land in Lexington, Alabama

      17.82 acres of land in Lexington, Alabama.
      17.82 acres County Road 67, Lexington, AL 35648
      View Details
    • $299,900
      3,000 SF

      Restaurant Property with Extensive Updates

      Turnkey restaurant with recent renovations and income potential.
      10109 Hwy 64, Lexington, AL 35648
      View Details
    • $270,000

      27.79 Acres of Country Land

      27.79 acres in Lexington, AL with utilities and no restrictions.
      5221 Co Rd 50, Lexington, AL 35648
      View Details
    • $299,000

      28 Acres Farm in Lexington

      28+/- acre farm in Northeast Lauderdale County, Alabama.
      28 Acres Hwy 64, Lexington, AL 35648
      View Details
    • $291,900

      27.79 Acres with Utilities

      27.79 acres of land with utilities and owner financing.
      5221 Co Rd 50, Lexington, AL 35648
      View Details
    • $154,900

      Land for Sale

      Land available on County Road 35, Lexington, Alabama.
      Tract 3 County Road 35, Lexington, AL 35648
      View Details
    • $149,900

      10 Acres with Creek Frontage

      10 acres of land with creek, ideal for recreation.
      14850 Hwy 64, Lexington, AL 35648
      View Details
    • $529,000
      48,000 SF

      North Alabama Warehouse Opportunity

      48,000 SF warehouse on 5.4 acres near Florence, AL.
      10305 Co Rd 51, Lexington, AL 35648
      View Details
    • $525,000
      8,862 SF

      Multi-Tenant Office and Retail Space

      8,800+ sqft multi-tenant office and retail space on 1.24 acres.
      9993 Hwy 64, Lexington, AL 35648
      View Details
    • $395,000
      4,690 SF

      Commercial Building with Warehouse Space

      4,700 SF commercial building with store and warehouse areas.
      11257 Hwy 101, Lexington, AL 35648
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 15.4 acres of pasture and timberland with utilities.
    Where is this agricultural land / farmland located?
    The property is located at 2 County Road 496 Lexington, AL.
    What is the asking price?
    The asking price for this property is $129,900.
    What are key features of this property?
    This property features: 8 acres of gently rolling pasture land ideal for cattle or horses with good fencing.; Paved county road frontage and available power.; Approximately 7 acres of mixed hardwood timber with large oaks.
    (256) 630-5540
    We can help!
    Listing Contact
    Jake Pinholster
    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!