Sign Up Successful!
You now have access to more from Realmo!
    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

    240 Shaw St Albertville, AL 35950

    Sponsored
    For Sale
    Contact for pricing

    LAND - Albertville, AL

    Lot size:
    0.34 Acres
    Days on Market:
    2
    Last Refresh:
    Feb 19 at 9:06 pm

    Property Features for 240 Shaw St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1904170000014.028
    Lot size
    0.34 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Shane Dobbs

    South Towne Realtors, LLC (256) 582-6900

    Listing agent Shane Dobbs (256) 465-1020 License #128423

    Listing date Feb 18, 2026

    MLS# 21910191 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

    Residential Lot in Albertville, AL

    This 0.34-acre residential lot is located on a dead-end cul-de-sac within the city limits of Albertville, AL. It is the last buildable lot available in the subdivision, which already features established single-family homes. This property is suitable for constructing a custom single-family home.
    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 Kitchen & Bath Showroom HVAC Service Cafe & Coffee Shop Storage Facility Furniture & Home Goods

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

    Location Insight

    • Map
    • Local Demand
    City
    Albertville
    County
    Marshall
    State
    Alabama
    Longitude
    -86.238118
    Latitude
    34.256255

    Nearby Similar for Sale

    • $1,200,000
      840 SF

      Albertville Multifamily Investment Opportunity

      Eleven-unit multifamily property with additional camper spots in Albertville, AL.
      149 Stone Rd, Albertville, AL 35951
      View Details
    • $1,900,000
      11,000 SF

      Commercial Property on Highway 431

      Spacious multi-purpose commercial properties with high visibility on Highway 431.
      9010 Us Highway 431, Albertville, AL 35951
      View Details
    • $1,900,000
      10,300 SF

      Albertville Event Venue For Sale

      Premier gated property on 26+ acres, ideal for events.
      2180 Section Line Rd, Albertville, AL 35950
      View Details
    • $1,900,000
      9,158 SF

      Premier Event Venue on 26+ Acres

      Gated property ideal for weddings, events, or new ventures.
      2180 Section Line Rd, Albertville, AL 35950
      View Details
    • $615,000
      6,000 SF

      Commercial Building with Playground Area

      6,000 SF commercial building with fenced playground in Albertville.
      906 Cooley St, Albertville, AL 35950
      View Details
    • $449,500
      2,343 SF

      Prime Commercial Space on Highway

      High-visibility commercial space ideal for retail, medical, or professional use.
      8523 Us Highway 431, Albertville, AL 35950
      View Details
    • $800,000
      4,000 SF

      Albertville Commercial Property For Sale

      Mechanic shop with living quarters or office space.
      3098 Alabama Hwy 75, Albertville, AL 35951
      View Details
    • $299,900
      2,418 SF

      Versatile Commercial Building on Highway

      Two-story commercial building with office/retail space and upstairs apartment.
      1110 Alabama Hwy 75, Albertville, AL 35951
      View Details
    • $450,000
      1,500 SF

      Highway 431 Commercial Property

      Commercial property on Highway 431 with office and workshop space.
      5261 Us Highway 431, Albertville, AL 35950
      View Details
    • $2,399,000
      10,000 SF

      Highway Frontage Commercial Property

      Commercial property with highway frontage in Albertville, Alabama.
      9753 Us Highway 431, Albertville, AL 35950
      View Details
    • $205,000
      2,400 SF

      Commercial Shop in Albertville

      2,400 SF commercial shop for sale or lease.
      912 Janet St, Albertville, AL 35951
      View Details
    • $319,000
      2,200 SF

      Commercial Property with Service Bays

      Versatile commercial property with five service bays on 0.9 acres.
      301 Adams Dr, Albertville, AL 35950
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable lot in established Albertville neighborhood.
    Where is this residential land & home lot located?
    The property is located at 240 Shaw St Albertville, AL.
    What is the asking price?
    The asking price for this property is $29,000.
    What are key features of this property?
    This property features: - Last buildable lot: Rare opportunity in established subdivision.; - Prime location: Situated on a desirable dead-end cul-de-sac.; - Ideal for custom home: Perfect for designing a custom single-family home.
    (256) 465-1020
    Request Owner's contact information
    240 Shaw St Albertville, AL 35950
    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.
    240 Shaw St
    Albertville, AL 35950
    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
    240 Shaw St Albertville, AL 35950
    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
    Shane Dobbs
    Real Estate License ID: 128423
    (256) 465-1020
    Learn more
    Google sign-in failed. Please try again or use another login method.