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

    3 Ridgecrest Dr Florence, AL 35634

    Sponsored
    For Sale
    $225,000

    Waterfront - Florence, AL

    Lot size:
    0.40 Acres
    Days on Market:
    6
    Last Refresh:
    Jan 25 at 3:06 am

    Property Features for 3 Ridgecrest Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    00 Residential
    APN
    0000000
    Lot size
    0.40 Acres

    Utilities

    Water front features
    Navigable Water

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Judy Young

    The Agency on Pine (256) 648-5922

    Listing agent Judy Young (256) 648-5922 License #000018380

    Listing date Jan 20, 2026

    MLS# 526686 Listing URL

    Copyright © 2026 Shoals Area 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.

    Learn more

    Property Insight Report

    Overview

    Residential Lot on Shoal Creek

    This is a 0.4-acre residential lot located in Florence, AL, specifically identified as Tract 3 Ridgecrest Dr. The property features 108 feet of water frontage on Shoal Creek. The zoning is designated as 00 Residential, indicating its intended use for residential construction. The lot is buildable and is situated among existing million-dollar homes. Potential buyers are advised to independently verify all information.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.5719843841
    Latitude
    34.847938147981

    Nearby Similar for Sale

    • $2,950,000
      14,477 SF

      Downtown Florence Medical Office Building

      2.5-story medical office building in high-traffic downtown location.
      201 E Dr Hicks Blvd, Florence, AL 35630
      View Details
    • $899,900

      Pickwick Lake Multi-Dwelling Investment

      Seven rental units with lake views near Pickwick Lake.
      139 Sunset Beach Rd, Florence, AL 35633
      View Details
    • $1,300,000
      7,962 SF

      Updated Office Space in Florence

      Updated office building in downtown Florence, ready for immediate occupancy.
      109 N Court St, Florence, AL 35630
      View Details
    • $794,000
      3,876 SF

      Florence Office Building For Sale

      3,876 sq ft office building in high-traffic Florence location.
      201 S Cox Creek Pkwy, Florence, AL 35630
      View Details
    • $1,950,000
      28,429 SF

      Downtown Florence Commercial Opportunity

      37,579 SF facility in downtown Florence, Alabama for sale.
      502 S Court St, Florence, AL 35630
      View Details
    • $399,900
      0.38 Acres

      Versatile Commercial Building in Florence

      High-visibility commercial building with ample parking and updated facilities.
      121 S Chestnut St, Florence, AL 35630
      View Details
    • $1,175,000
      8,750 SF

      Commercial Office Building in Florence

      Prime commercial office building in high-traffic downtown Florence, Alabama.
      302 W Dr Hicks Blvd, Florence, AL 35630
      View Details
    • $425,000
      3,906 SF

      Well-Maintained Church Building on 0.86 Acres

      Church building on 0.86 acres, perfect for ministries.
      3651 Cole Ave, Florence, AL 35630
      View Details
    • $249,000
      0.20 Acres

      Turn-Key Duplex in Florence, AL

      Recently upgraded duplex in Florence, AL, ready for immediate income.
      721 High St, Florence, AL 35630
      View Details
    • $225,000

      Florence Quadplex Near UNA

      Four-unit property near UNA, offering investment and rental income.
      213 E Mattielou St, Florence, AL 35630
      View Details
    • $449,900

      Florence Duplex Investment Opportunity

      Six-unit duplex in prime location with immediate income potential.
      409 S Orleans St, Florence, AL 35630
      View Details
    • $1,100,000

      Florence, AL Quadplex For Sale

      Quadplex located in Florence, Alabama.
      427 N Court St, Florence, AL 35630
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Buildable waterfront lot with 108' frontage on Shoal Creek.
    Where is this residential land & home lot located?
    The property is located at 3 Ridgecrest Dr Florence, AL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Buildable lot on Shoal Creek; - Enjoy **108' of water frontage**; - Navigable Water
    (256) 648-5922
    Request Owner's contact information
    3 Ridgecrest Dr Florence, AL 35634
    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.
    3 Ridgecrest Dr
    Florence, AL 35634
    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
    3 Ridgecrest Dr Florence, AL 35634
    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
    Judy Young
    Real Estate License ID: 000018380
    (256) 648-5922
    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.