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

    28 Cypress Cove Dr Eufaula, AL 36027

    Sponsored
    For Sale
    $65,000

    Residential Land, Lots - Eufaula, AL

    Days on Market:
    312
    Last Refresh:
    Jan 25 at 10:06 am

    Property Features for 28 Cypress Cove Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Res
    APN
    357

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jacklyn Herring

    HERRING REALTY (334) 616-0826

    Listing agent Jacklyn Herring (334) 687-6884

    Listing date Mar 20, 2025

    MLS# 24386 Listing URL

    Copyright © 2026 Eufaula Board 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.

    Learn more

    Property Insight Report

    Overview

    Waterfront Lot in Desired Neighborhood

    This waterfront lot is located in a desired neighborhood with restrictive covenants but no HOA fees. The property is conveniently located near downtown Eufaula and the lake, as well as schools, shopping, restaurants, a walking trail, and medical facilities. This residential land is suitable for building a dream home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Eufaula
    County
    Barbour
    State
    Alabama
    Longitude
    -85.140704
    Latitude
    31.866968

    Nearby Similar for Sale

    • $3,600,000
      400.00 Acres

      Eufaula Farm and Estate Venue

      Premier hunting destination, event venue, and family retreat in Alabama.
      910 County Road 79 S, Eufaula, AL 36027
      View Details
    • $299,900
      3,491 SF

      Craftsman Home Ideal for Office

      Craftsman home suitable for office or large family in Eufaula.
      125 Orange Ave, Eufaula, AL 36027
      View Details
    • $250,000
      7,600 SF

      Historic Depot in Downtown Eufaula

      Historic 7,600 SF depot in downtown Eufaula, Alabama.
      300 Randolph Ave, Eufaula, AL 36027
      View Details
    • $259,000
      1,755 SF

      Lake View Home/Business Opportunity

      Charming 3-bedroom home with commercial zoning and stunning lake views.
      317 Riverside Dr, Eufaula, AL 36027
      View Details
    • $199,000

      Eufaula Commercial Property on Highway

      Two parcels with a building and barn on Highway 431.
      4119 Eufaula Ave, Eufaula, AL 36027
      View Details
    • $225,000
      2,580 SF

      Eufaula Commercial Building on Hwy 82

      2,580 sq ft commercial building with high-traffic frontage.
      231 Barbour St, Eufaula, AL 36027
      View Details
    • $250,000
      1,200 SF

      Industrial Property with Fenced Yard

      4.95 acre industrial property with 1200 SF shop.
      1546 State Docks Rd, Eufaula, AL 36027
      View Details
    • $141,000
      1,870 SF

      Eufaula Commercial Property with Gas

      Commercial property with gas pumps, appliances, and shelving included.
      2455 Springhill Rd, Eufaula, AL 36027
      View Details
    • $350,000
      4,250 SF

      Historic Downtown Eufaula Commercial Building

      Historic 1875 building in downtown Eufaula with original architectural details.
      124 E Broad St, Eufaula, AL 36027
      View Details
    • $299,500
      1,088 SF

      Eufaula Commercial Opportunity on Avenue

      Commercial lot on highly traveled avenue, perfect for business ventures.
      1670 Eufaula Ave, Eufaula, AL 36027
      View Details
    • $225,000
      0.51 Acres

      Historic Building in Eufaula, Alabama

      Historic commercial building suitable for offices, retail, or mixed-use concepts.
      514 Barbour St, Eufaula, AL 36027
      View Details
    • $749,500
      2,501 SF

      Eufaula Restaurant: Turnkey Business Opportunity

      Well-established, multi-generational family restaurant with all fixtures and equipment included.
      1089 South Eufaula Ave, Eufaula, AL 36027
      View Details

    FAQs

    What type of property is this?
    Land - Waterfront lot for dream home, convenient to Eufaula amenities.
    Where is this land located?
    The property is located at 28 Cypress Cove Dr Eufaula, AL.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: - Waterfront lot offering stunning views.; - Located in a desired neighborhood.; - Convenient location to downtown Eufaula and the lake.
    (334) 324-4136
    Request Owner's contact information
    28 Cypress Cove Dr Eufaula, AL 36027
    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.
    28 Cypress Cove Dr
    Eufaula, AL 36027
    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
    28 Cypress Cove Dr Eufaula, AL 36027
    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
    Jacklyn Herring
    (334) 324-4136
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.