Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Land Ready to Build Title is generated by Realmo AI

    216 Shady Grove Lane, Midland City, AL 36350

    View on Map
    Claim this Listing
    For Sale
    $42,500

    Residential Land - Midland City, AL

    Type:Single Family Residence
    Lot size:
    1.36 Acres
    Added:
    Aug 11, 2025
    Days on Market:
    273
    Last Refresh:
    May 10 at 9:06 am

    Property Features for 216 Shady Grove Lane

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    Residential
    Standard status
    Active
    Lot size
    1.36 Acres

    Utilities

    Water front features
    Pond, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Darrell Reid

    Listing agent Darrell Reid

    Listing office Lan Darty Real Estate & Development 3124 W Main St, Dothan, AL

    Listing date Aug 11, 2025

    MLS# 204714 Listing URL

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

    HighLights

    • 1.3 acre lot ready to build on
    • Pond front property with waterfront features
    • Located at the end of a cul‑de‑sac
    • Located within Dothan City Limits, but in Midland City
    • Ponds for fishing within the subdivision
    • Walking path within the subdivision

    Overview

    This 1.3 acre residential lot is located in Midland City, Alabama. The property is situated at the end of a cul-de-sac within a subdivision. The lot is ready for new home construction and features pond frontage. Residents can enjoy access to ponds for fishing and a walking path. The property is located within the Dothan City Limits in Midland City.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Big Box & Wholesale Store Hotel & Motel Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Midland City
    County
    Dale
    State
    Alabama
    Longitude
    -85.456824
    Latitude
    31.307337

    Nearby Similar for Sale

    • $269,900

      Multi-Use Building on Large Lot

      Versatile commercial building with warehouse, office space, and loading dock.
      178 Private rd 1568, Midland City, AL 36350
      View Details
    • $2,950,000

      Midland City Commercial Investment Opportunity

      Fully occupied commercial property with diverse tenants and high traffic.
      0 Hwy 231 N, Midland City, AL 36350
      View Details
    • $350,000

      Commercial Land Ready to Build

      Commercial land off HWY 231, ready for development.
      0 US HWY 231, Midland City, AL 36350
      View Details
    • $695,000

      Commercial Land on Hwy 231

      8.3 acres of commercial land with highway frontage.
      0 Hwy 231, Midland City, AL 36360
      View Details
    • $127,500

      Unrestricted Land in Midland City

      21.25 acres of unrestricted land near Headland, Alabama.
      0 Baker Whatley Road, County Road 519, Midland City, AL 36350
      View Details
    • $23,900

      Residential Land in Midland City

      Vacant residential lot available in Midland City, Alabama.
      Parcel E Brookline St, Midland City, AL 36350
      View Details
    • $23,900

      Residential Land in Midland City

      Vacant residential lot available in Midland City, Alabama.
      Parcel B 4th Street, Midland City, AL 36350
      View Details
    • $630,000
      8 SF

      8.3 Acres on Highway 231

      8.3 acres of commercial land with highway frontage.
      N Hwy 231, Midland City, AL 36360
      View Details
    • $23,900

      Residential Land in Midland City

      Vacant residential lot available in Midland City, Alabama.
      Parcel D Brookline St, Midland City, AL 36350
      View Details
    • $23,900

      Residential Land in Midland City

      Vacant residential lot for sale in Midland City, Alabama.
      Parcel F Brookline St, Midland City, AL 36350
      View Details
    • $599,000
      8,500 SF

      Commercial Property with Warehouses and Storefront

      Prime commercial property featuring warehouses, storefront, and acreage.
      224 Private Road 1568, Midland City, AL 36350
      View Details
    • $695,000

      8.3 Acres Highway 231 Frontage

      8.3 acres with frontage on Highway 231 and Mance Newton Road.
      N Hwy 231, Midland City, AL 36360
      View Details

    FAQs

    What type of property is this?
    Land - 1.3 acre residential lot ready for new home construction.
    Where is this land located?
    The property is located at 216 Shady Grove Lane Midland City, AL.
    What is the asking price?
    The asking price for this property is $42,500.
    What are key features of this property?
    This property features: 1.3 acre lot ready to build on; Pond front property with waterfront features; Located at the end of a cul‑de‑sac
    (334) 714-5312
    We can help!
    Listing Contact
    Darrell Reid
    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

    Thank You for Inquiry
    216 Shady Grove Lane, Midland City, AL 36350
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!