Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Unrestricted Land in Lexington Area Title is generated by Realmo AI

    3.6 Acres Co Rd 88, Anderson, AL 35610

    View on Map
    Claim this Listing
    Pending
    $39,500

    LAND - Anderson, AL

    Lot size:
    3.60 Acres
    Added:
    Feb 5, 2025
    Days on Market:
    483
    Last Refresh:
    Jun 3 at 4:06 am

    Property Features for 3.6 Acres Co Rd 88

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    0207250000005000
    Lot size
    3.60 Acres

    Taxes and HOA fees

    Tax Description
    3.6+/- acres part of 39 AC/C PT OF NE/4 OF SW/4; LESS RD ROW SEC 25 T1S R8W
    Tax Annual Amount
    500

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Needed
    Water source
    Public

    We can help!

    Listing Contact
    Jeremy R Grigsby

    Listing agent Jeremy R Grigsby License #75012

    Listing office Grigsby Properties 311 Hwy. 72, Killen, AL

    Listing date Feb 5, 2025

    MLS# 520688 Listing URL

    Copyright © 2026 Strategic MLS Alliance, 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

    • Unrestricted 3.6+/- acre property.
    • Boasts over 900' of road frontage on CR 88.
    • Located in the Lexington area.
    • Water Available.
    • Small stream on the property.
    • Wooded and gently rolling land.

    Overview

    This is a 3.6+/- acre parcel of gently rolling, wooded land situated in the Lexington area. The unrestricted property features over 900 feet of road frontage on County Road 88 and includes a small stream. The land is located in Anderson, Alabama, and is suitable for quiet, country living.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Anderson
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.273
    Latitude
    34.9524

    Nearby Similar for Sale

    • $199,787

      Waterfront Land with Natural Spring

      23.73 acres with 400+ yards of waterfront on Anderson Creek.
      6777 Hwy 207, Anderson, AL 35610
      View Details
    • $259,900

      Unrestricted Acreage in Anderson, AL

      19.27+/- acres with pasture, woods, and road frontage.
      19.27 Acres County Road 656, Anderson, AL 35610
      View Details
    • $47,000

      Unrestricted Lot Ready for Building

      Prepped lot in Limestone County ready for your dream home.
      7066 Vivians Road, Anderson, AL 35610
      View Details
    • $49,900

      Unrestricted Land in Lauderdale County

      2.38 acres of unrestricted land with utilities available.
      Tract 1 County Road 155, Anderson, AL 35610
      View Details
    • $89,900

      Unrestricted Land in Lauderdale County

      4.27 acres of unrestricted land with pastureland and country views.
      Tract 4 County Road 155, Anderson, AL 35610
      View Details
    • $49,900

      Unrestricted Land in Lauderdale County

      2.28 acres of unrestricted land with utilities available.
      Tract 2 County Road 155, Anderson, AL 35610
      View Details
    • $89,900

      Unrestricted Land in Lauderdale County

      4.27 acres of unrestricted land, ideal for building.
      Tract 3 County Road 155, Anderson, AL 35610
      View Details
    • $93,000

      3.72 Acres in Anderson, AL

      3.72 acres in Anderson, Alabama, ideal for residential use.
      25568 W County Line Road, Anderson, AL 35610
      View Details
    • $68,250

      Land in Anderson, Alabama

      2.31 acres in Anderson, Alabama, ideal for residential use.
      25634 W County Line Road, Anderson, AL 35610
      View Details
    • $75,000

      Unrestricted Land in Lauderdale County

      4.33 acres of unrestricted land, ideal for various uses.
      2021 County Road 533, Anderson, AL 35610
      View Details
    • $39,500

      Land in Anderson, Alabama

      2.28 acre land tract ideal for new construction.
      1 County Road 89, Anderson, AL 35610
      View Details
    • $39,500

      Land in Anderson, Alabama

      Level, open acreage ideal for building or mobile home.
      3 County Road 89, Anderson, AL 35610
      View Details

    FAQs

    What type of property is this?
    Land - 3.6+/- acres of unrestricted, gently rolling, wooded land.
    Where is this land located?
    The property is located at 3.6 Acres Co Rd 88 Anderson, AL.
    What is the asking price?
    The asking price for this property is $39,500.
    What are key features of this property?
    This property features: Unrestricted 3.6+/- acre property.; Boasts over 900' of road frontage on CR 88.; Located in the Lexington area.
    (256) 757-1008
    We can help!
    Listing Contact
    Jeremy R Grigsby
    Real Estate License ID: 75012
    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
    3.6 Acres Co Rd 88, Anderson, AL 35610
    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!