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

    24 Old Federal Road Magnolia Springs, AL 36555

    View on Map
    For Sale
    $49,900

    Land - Magnolia Springs, AL

    Lot size:
    0.28 Acres
    Added:
    Jan 17, 2024
    Days on Market:
    805
    Last Refresh:
    Apr 1 at 4:06 pm

    Property Features for 24 Old Federal Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    55-08-38-0-000-050.001.915
    Lot size
    0.28 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Douglas Jacobs

    Listing agent Douglas Jacobs License #026977

    Listing office Doug Jacobs Real Estate, Inc. 4725 Main St Ste F 223, Magnolia Springs, AL

    Listing date Jan 17, 2024

    MLS# 358297 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

    Residential Lot in Magnolia Springs

    This residential lot is located in Magnolia Springs, Alabama. The property is situated within a neighborhood featuring brick-paved streets. Lot owners have access to a pool, clubhouse, pond, and riverfront facilities. The lot requires a minimum of 2400 square feet to be built on pylons. The lot is directly across from a stocked pond. The lot size is 0.28 acres. Owners pay $500 per quarter for weekly yard maintenance and commons area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Magnolia Springs
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.7921
    Latitude
    30.3811

    Nearby Similar for Sale

    • $130,000

      Residential Lot in Magnolia Springs

      Residential lot perfect for building a custom home.
      14765 CAMELIA Avenue, Magnolia Springs, AL 36555
      View Details
    • $385,000

      Magnolia Springs Land with Boat Slip

      Spacious lot with deeded boat slip in Magnolia Springs.
      14134 Woodland Drive, Magnolia Springs, AL 36555
      View Details
    • $329,500

      Magnolia Springs Vacant Land Opportunity

      10+ acres in desirable Magnolia Springs, Alabama. Build your dream!
      Lot 2 14251 US Hwy 98, Magnolia Springs, AL 36535
      View Details
    • $120,000

      Residential Lot in Magnolia Springs

      Residential lot in the heart of Magnolia Springs, Alabama.
      14913 CAMELIA Avenue, Magnolia Springs, AL 36555
      View Details
    • $120,000

      Residential Lot in Magnolia Springs

      Level lot with oak trees, near town square.
      14937 CAMELIA Avenue, Magnolia Springs, AL 36555
      View Details
    • $145,000

      Magnolia Springs Land For Sale

      2.2 acre land parcel with development potential in Magnolia Springs.
      12566 County Road 49, Magnolia Springs, AL 36555
      View Details
    • $370,000

      Waterfront Land on Magnolia River

      Nearly 2 acres with 100+ feet of river frontage.
      0 2nd Avenue, Magnolia Springs, AL 36555
      View Details
    • $279,000

      Magnolia Springs Land Near Weeks Bay

      Approximately 4-acre property in historic Magnolia Springs, Alabama.
      0 Weeks Bay Road, Magnolia Springs, AL 36555
      View Details
    • $130,000

      Magnolia Springs Land in Commons

      Exclusive neighborhood lot near Magnolia River with community amenities.
      0 Old Federal Road, Magnolia Springs, AL 36555
      View Details
    • $75,000

      Residential Lot in Gated Community

      Corner lot in exclusive neighborhood with river access and amenities.
      Nettle Oak Circle, Magnolia Springs, AL 36555
      View Details
    • $75,000

      Residential Lot in Gated Community

      Corner lot in exclusive neighborhood with river access and amenities.
      0 Nettle Oak Circle, Magnolia Springs, AL 36555
      View Details
    • $3,540,000

      Magnolia Springs Land For Sale

      118 acres suitable for recreation or development.
      12866 US Highway 98, Magnolia Springs, AL 36555
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot with community amenities in Baldwin County, Alabama.
    Where is this residential land & home lot located?
    The property is located at 24 Old Federal Road Magnolia Springs, AL.
    What is the asking price?
    The asking price for this property is $49,900.
    What are key features of this property?
    This property features: Access to pool, clubhouse, pond, and riverfront facilities.; Located in a desirable neighborhood with brick‑paved streets.; Lowest priced of the large lots in The Commons.
    (251) 752-3040
    We can help!
    Listing Contact
    Douglas Jacobs
    Real Estate License ID: 026977
    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!