Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    290 Little Cove Road Gurley, AL 35748

    View on Map
    Claim this Listing
    For Sale
    $159,000

    LAND - Gurley, AL

    Lot size:
    3.74 Acres
    Added:
    Dec 31, 2025
    Days on Market:
    128
    Last Refresh:
    May 8 at 8:06 am

    Property Features for 290 Little Cove Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1906142000012002.
    Lot size
    3.74 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Steve Turner

    Listing agent Steve Turner License #144887

    Listing office Re/Max Alliance 507 Drake Ave Ste A, Huntsville, AL

    Listing date Dec 31, 2025

    MLS# 1841356 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.

    HighLights

    • 3.74 level acres - ideal for building
    • Excellent location: Less than 1 minute from HWY 72 East
    • Convenient: 5 minutes to Hampton Cove
    • Madison County Schools
    • Public Water Source
    • Public Sewer

    Overview

    Residential Land in Gurley, AL

    This 3.74-acre parcel of level land is located in Gurley, Alabama. The property is less than one minute from Highway 72 East and five minutes from Hampton Cove. It is located within the Madison County school district, making it suitable for residential development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Big Box & Wholesale Store Auto Repair Shop Pharmacy Department Store Food Market Storage Facility Garden Center Discount Store Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Gurley
    County
    Madison
    State
    Alabama
    Longitude
    -86.389269
    Latitude
    34.697545

    Nearby Similar for Sale

    • $150,000

      Historical Downtown Mixed-Use Land

      Two joining lots in Gurley's Historical Downtown Business District.
      92 Joplin Street, Gurley, AL 35748
      View Details
    • $48,000

      Residential Land in Heritage Bluff

      Residential land with pond and bluff views in Gurley, AL.
      208 Heritage View Circle, Gurley, AL 35748
      View Details
    • $57,400

      Keel Mountain Acreage for Sale

      One-acre property with mature trees, suitable for residential development.
      151 Ridgecreek Drive, Gurley, AL 35748
      View Details
    • $499,950

      Gurley, AL Land with Cave

      48 acres of wooded land featuring a large cave.
      2412 Cherry Tree Road, Gurley, AL 35748
      View Details
    • $135,000

      Keel Mountain Bluff Property

      4.48 acres wooded land with potential mountain views.
      787 Blowing Cave Road, Gurley, AL 35748
      View Details
    • $185,000

      Land in Gurley, Alabama

      2.9-acre commercial land for sale in Gurley, Alabama.
      2312 Hurricane Creek Road, Gurley, AL 35748
      View Details
    • $64,000

      Gurley, AL Homesite Land

      One acre homesite with utilities near Gurley, Alabama.
      310 - 1B Little Cove Road, Gurley, AL 35748
      View Details
    • $73,000

      Gurley, AL 1.24-Acre Lot

      1.24-acre level lot, ideal for building a custom home.
      125 Shipps Drive, Gurley, AL 35748
      View Details
    • $58,900

      Gurley, AL Wooded Land

      1.92 acres of wooded land in Gurley, Alabama.
      7 Blowing Cave Road, Gurley, AL 35748
      View Details
    • $1,400,000

      Gurley, AL Land Opportunity

      70-acre land in gated community with mountain views.
      70ac Hadley Hill Lane, Gurley, AL 35748
      View Details
    • $64,000

      Land in Gurley, Alabama

      0.88 acre homesite with utilities near town.
      310 - 1C Little Cove Road, Gurley, AL 35748
      View Details
    • $395,000

      Keel Mountain Wooded Acres

      25 acres on Keel Mountain ready for homesteading.
      646 Keel Mountain Road, Gurley, AL 35748
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3.74 acres of level land, ideal for building.
    Where is this residential land & home lot located?
    The property is located at 290 Little Cove Road Gurley, AL.
    What is the asking price?
    The asking price for this property is $159,000.
    What are key features of this property?
    This property features: 3.74 level acres - ideal for building; Excellent location: Less than 1 minute from HWY 72 East; Convenient: 5 minutes to Hampton Cove
    (256) 656-1346
    We can help!
    Listing Contact
    Steve Turner
    Real Estate License ID: 144887
    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
    290 Little Cove Road, Gurley, AL 35748
    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!