Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    297 West Forest Park Road Daleville, AL 36322

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    Residential Land - Daleville, AL

    Type:Single Family Residence
    Lot size:
    2.32 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 28 at 10:06 pm

    Property Features for 297 West Forest Park Road

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    Unknown
    Standard status
    Active
    APN
    26 14 09 31 0 001 028.000
    Lot size
    2.32 Acres

    Utilities

    Water front features
    Pond, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Phillip Kennedy

    Listing agent Phillip Kennedy

    Listing office Sweet Home Real Estate 1816 W Main St, Dothan, AL

    Listing date Apr 22, 2026

    MLS# 212776 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.

    Overview

    Residential Land in Daleville, AL

    This residential land is located in Daleville, Alabama. The lot size is 2.32 acres. Prospective buyers and their agents are responsible for verifying all relevant information.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Building Supply Auto Repair Shop Auto Parts Store Furniture & Home Goods Cafe & Coffee Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Daleville
    County
    Dale
    State
    Alabama
    Longitude
    -85.686542
    Latitude
    31.271426

    Nearby Similar for Sale

    • $225,000

      Daleville Commercial Property with Restaurant

      Two buildings with restaurant and income potential near Ft. Rucker.
      788 Daleville Ave, Daleville, AL 36322
      View Details
    • $999,900

      Versatile Commercial Property on 7.44 Acres

      Commercial property with expansion potential and office conversion opportunity.
      330 Industrial Blvd, Daleville, AL 36322
      View Details
    • $350,000

      Commercial Building in Daleville, AL

      Versatile commercial building with high visibility location in Daleville.
      51 & 55 Daleville Ave, Daleville, AL 36322
      View Details
    • $179,000

      Daleville Commercial Property with Drive-Through

      Two-story commercial property with drive-through in high-traffic area.
      671 North Daleville Ave, Daleville, AL 36322
      View Details
    • $59,900

      Residential Land Near Fort Rucker

      Large, flat 1.8-acre residential lot in established neighborhood.
      00 ABIGAIL COURT, Daleville, AL 36322
      View Details
    • $295,000

      Daleville Land: Development Opportunity

      20+/- acre property ideal for residential or mixed-use development.
      0 CR 1, Daleville, AL 36303
      View Details
    • Contact for pricing
      2,358 SF

      Established Restaurant Investment Opportunity

      NNN leased Taco Bell with long-term passive income.
      935 N Daleville Ave, Daleville, AL 36322
      View Details
    • $546,000
      273 SF

      273 Acres Industrial Development Land

      273 acres ideal for industrial development with rail frontage.
      0 HWY 134, Daleville, AL 36322
      View Details
    • $2,500,000
      864 SF

      Red Oak Mobile Home Park

      Mobile home and RV park in Daleville, Alabama for sale.
      511 County Road 109, Daleville, AL 36322
      View Details
    • $1,280,000

      Retail Property in Daleville, AL

      Retail property available for sale in Daleville, Alabama.
      935 N Daleville Ave, Daleville, AL
      View Details
    • $72,900

      Daleville Vacant Land For Sale

      17.42 acres of hunting land near Choctawhatchee River.
      00 County Road 134, Daleville, AL 36322
      View Details
    • Contact for pricing

      Specialty Property for Sale

      Specialty property available for purchase in Daleville, Alabama.
      161-215 Old Highway 134, Daleville, AL 36322
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land available in Daleville, Alabama.
    Where is this residential land & home lot located?
    The property is located at 297 West Forest Park Road Daleville, AL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Waterfront property.; Enjoy the pond on the property.; Located near -85.68795 longitude and 31.267986 latitude.
    (334) 405-0591
    We can help!
    Listing Contact
    Phillip Kennedy
    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!