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    The Largest CRE Database in the US with Over 1 Million Listings

    3424 State Highway 21 N Lowndesboro, AL 36752

    Sponsored
    For Sale
    $2,400,000

    MULTI_FAMILY - Other - Lowndesboro, AL

    Days on Market:
    6
    Last Refresh:
    Feb 3 at 11:06 pm

    Property Features for 3424 State Highway 21 N

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 55, Bathroom 6, Bathroom 80, Bathroom 63, Bathroom 101, Bathroom 4, Bathroom 34, Bathroom 31, Bedroom 11, Bedroom 17, Bathroom 89, Bedroom 1, Bathroom 88, Bathroom 152, Bathroom 174, Bathroom 35, Bathroom 68, Bathroom 8, Bathroom 51, Bedroom 25, Bathroom 182, Bathroom 40, Bathroom 92, Bathroom 112, Bathroom 125, Bedroom 5, Bathroom 122, Bathroom 136, Bathroom 154, Bathroom 140, Bathroom 25, Bedroom 4, Bathroom 43, Bathroom 211, Bathroom 53, Bathroom 202, Bathroom 146, Bathroom 29, Bedroom 28, Bathroom 64, Bedroom 14, Bathroom 149, Bathroom 27, Bathroom 177, Bedroom 27, Bathroom 83, Bathroom 93, Bathroom 212, Bathroom 129, Bathroom 91, Bathroom 38, Bedroom 15, Bathroom 199, Bathroom 41, Bedroom 8, Bathroom 158, Bathroom 185, Bathroom 164, Bathroom 106, Bathroom 153, Bathroom 60, Bathroom 183, Bathroom 198, Bedroom 24, Bathroom 22, Bathroom 105, Bathroom 210, Bathroom 165, Bathroom 94, Bathroom 171, Bathroom 207, Bedroom 18, Bathroom 113, Bathroom 72, Bathroom 12, Bathroom 32, Bathroom 161, Bathroom 169, Bathroom 159, Bathroom 116, Bathroom 162, Bathroom 193, Bedroom 13, Bathroom 76, Bathroom 73, Bathroom 19, Bathroom 167, Bedroom 26, Bathroom 28, Bathroom 98, Bathroom 62, Bathroom 102, Bathroom 176, Bathroom 200, Bathroom 139, Bedroom 21, Bathroom 138, Bathroom 160, Bathroom 71, Bedroom 10, Bathroom 49, Bathroom 155, Bathroom 65, Bathroom 163, Bathroom 181, Bathroom 204, Bathroom 131, Bathroom 20, Bathroom 23, Bathroom 79, Bathroom 11, Bathroom 118, Bathroom 173, Bathroom 197, Bathroom 186, Bathroom 37, Bathroom 108, Bathroom 59, Bathroom 46, Bathroom 7, Bathroom 54, Bathroom 203, Bathroom 87, Bathroom 134, Bathroom 9, Bathroom 180, Bathroom 188, Bathroom 178, Bathroom 30, Bathroom 45, Bedroom 23, Bathroom 58, Bathroom 50, Bathroom 191, Bathroom 61, Bathroom 133, Bathroom 143, Bathroom 70, Bedroom 16, Bathroom 130, Bathroom 14, Bathroom 145, Bathroom 137, Bathroom 184, Bathroom 192, Bathroom 128, Bathroom 147, Bathroom 205, Bathroom 15, Bathroom 77, Bedroom 6, Bathroom 99, Bathroom 10, Bathroom 3, Bathroom 16, Bathroom 47, Bathroom 82, Bathroom 107, Bathroom 196, Bathroom 201, Bedroom 19, Bathroom 109, Bathroom 111, Bathroom 209, Bathroom 179, Bathroom 90, Bathroom 57, Bathroom 5, Bathroom 141, Bathroom 69, Bathroom 150, Bathroom 24, Bathroom 17, Bathroom 142, Bathroom 48, Bathroom 126, Bathroom 144, Bathroom 114, Bathroom 187, Bathroom 172, Bathroom 96, Bathroom 97, Bathroom 117, Bedroom 7, Bathroom 39, Bathroom 120, Bedroom 2, Bedroom 20, Bedroom 12, Bathroom 18, Bathroom 66, Bathroom 84, Bathroom 103, Bathroom 168, Bathroom 44, Bathroom 214, Bathroom 215, Bathroom 175, Bathroom 26, Bathroom 78, Bathroom 86, Bathroom 119, Bathroom 33, Bathroom 148, Bathroom 95, Bathroom 75, Bedroom 3, Bathroom 208, Bathroom 1, Bathroom 115, Bathroom 189, Bathroom 100, Bathroom 190, Bathroom 216, Bathroom 121, Bathroom 56, Bathroom 132, Bedroom 22, Bathroom 166, Bathroom 217, Bathroom 195, Bathroom 123, Bathroom 194, Bathroom 85, Bathroom 156, Bathroom 2, Bathroom 42, Bedroom 9, Bathroom 157, Bathroom 124, Bathroom 206, Bathroom 213, Bathroom 74, Bathroom 13, Bathroom 135, Bathroom 170, Bathroom 36, Bathroom 81, Bathroom 104, Bathroom 21, Bathroom 67, Bathroom 127, Bathroom 151, Bathroom 52, Bathroom 110
    Bedrooms
    28
    APN
    45 09 07 35 0 000 005.006 0
    Parking features
    Garage
    Interior features
    EatInKitchen
    Appliances
    WaterHeater

    Building Details

    Floors in Building
    1
    Number of units
    7
    Flooring type
    Tile, Carpet
    Building materials
    Brick
    Architectural style
    Other

    We can help!

    Listing Contact
    Loretha Smith

    Unlimited Realty, LLC (334) 356-7053

    Listing agent Loretha Smith (334) 356-7053 License #0043271

    Listing date Jan 29, 2026

    MLS# 545807 Listing URL

    Copyright © 2026 Montgomery Area Association of Realtors MLS. 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

    Spacious Homes on Serene Land

    This unique property features seven spacious homes, ranging from 3,000 to 5,600 sq. ft. each, situated on 80 acres of rural land with a pond. The property is suited for developers, investors, or a family seeking a retreat. Each home requires work, but the existing size and structure provide a foundation for returns. The open land is suited for various visions, including subdividing and building a new community, expanding into rental properties, or creating a resort-style retreat. The acreage and multiple existing homes offer a starting point for a high-value project. It is suited for hosting generations of family, with each home offering privacy as part of a shared estate. The pond and peaceful setting make this an ideal space for a legacy property. The property offers flexibility for an Airbnb or vacation rental community, a private retreat center, or an agri-tourism destination. With its combination of location, acreage, water feature, and seven existing homes, this estate is a blank canvas ready for transformation. The property is located in Lowndesboro, AL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Lowndesboro
    County
    Lowndes
    State
    Alabama
    Longitude
    -86.532484
    Latitude
    32.229984

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    FAQs

    What type of property is this?
    Single family property - Unique property with seven homes on 80 acres.
    Where is this single family property located?
    The property is located at 3424 State Highway 21 N Lowndesboro, AL.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - 80 Acres of Land: Offers substantial space.; - Seven Existing Homes: Provides a significant foundation.; - Development/Investment Potential: Suited for subdivision, rental properties, or a resort-style retreat.
    (334) 356-7053
    Request Owner's contact information
    3424 State Highway 21 N Lowndesboro, AL 36752
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    Lowndesboro, AL 36752
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    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
    3424 State Highway 21 N Lowndesboro, AL 36752
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    We can help!
    Listing Contact
    Loretha Smith
    Real Estate License ID: 0043271
    (334) 356-7053
    Learn more
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