Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    40 Acres Hunting Land Title is generated by Realmo AI

    40 Acres County Road 492, Henagar, AL 35978

    View on Map
    Claim this Listing
    For Sale
    $263,000

    LAND - Henagar, AL

    Lot size:
    40.00 Acres
    Added:
    Dec 16, 2025
    Days on Market:
    146
    Last Refresh:
    May 11 at 10:06 pm

    Property Features for 40 Acres County Road 492

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    04-04-18-0-000-011.000
    Lot size
    40.00 Acres

    Taxes and HOA fees

    Tax Description
    Cont 40 Ac S18 T4 R10 A Parcel Being Se-Ne
    Tax Annual Amount
    92

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    We can help!

    Listing Contact
    Wesley Bethune

    Listing agent Wesley Bethune License #364590 TN

    Listing office BHHS Southern Routes Realty 3303 Cummings Highway, Chattanooga, AL

    Listing date Dec 16, 2025

    MLS# 1525331 Listing URL

    Copyright © 2026 Greater Chattanooga 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.

    HighLights

    • 40‑acre property with a spring‑fed creek
    • Hunter's paradise with abundant wildlife
    • Four box stands in place for your convenience
    • Towering trees providing privacy
    • Cable Available

    Overview

    This 40-acre property is located in Henagar, Alabama. The land features towering trees and a spring-fed creek. Four box stands are already in place. This property is suitable for outdoor adventures or building a secluded home.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Henagar
    County
    DeKalb
    State
    Alabama
    Longitude
    -85.7217
    Latitude
    34.6124

    Nearby Similar for Sale

    • $400,000
      3,500 SF

      Henagar Commercial Building on Highway 40

      3500 SF commercial building on 2 acres with office.
      7008 Alabama Highway 40, Henagar, AL 35978
      View Details
    • $79,900
      2,682 SF

      Commercial Land on Highway 40

      Large, level lot with road frontage ready for development.
      8778 Hwy 40, Henagar, AL 35978
      View Details
    • $220,000
      7,000 SF

      Commercial Building on Highway 40

      Commercial building with easy highway access and ample space.
      7129 Alabama Highway 40, Henagar, AL 35978
      View Details
    • $350,000

      Henagar, AL 40-Acre Land

      40-acre wooded land perfect for hunts, getaways, or building.
      40acs County Road 322, Henagar, AL 35978
      View Details
    • $69,900

      Henagar Land Ready For Development

      5 acres of land perfect for development or barndo.
      5ac Alabama Highway 40, Henagar, AL 35798
      View Details
    • $45,000

      Unrestricted Acreage Along Creek

      Unrestricted 4.48 acre land with creek access in Henagar.
      Hwy 40 lot: 2, Henagar, AL 35978
      View Details
    • $174,900

      Brow Lot with Panoramic Views

      2+/- acre lot with unobstructed valley and mountain views.
      County Road 730 lot: 1, Henagar, AL 35978
      View Details
    • $350,000

      40 Acres of Wooded Land

      40-acre wooded tract ideal for hunting, recreation, or building.
      40ACS County Road 322, Henagar, AL 35978
      View Details
    • $215,000
      3,528 SF

      Henagar Commercial Property For Sale

      Commercial property in Henagar, Alabama, featuring 3,528 square feet.
      18086 Hwy 75, Henagar, AL 35978
      View Details
    • $99,000

      Unrestricted Acreage on Hwy 40

      10.45 acres of unrestricted land on Hwy 40.
      Hwy 40 lot: 1, Henagar, AL 35978
      View Details
    • $159,900
      1,200 SF

      Mixed-Use Property in High Traffic

      Mixed-use property with auto building and residential home.
      10187 Alabama Highway 40, Henagar, AL 35978
      View Details
    • $350,000

      40 Acres of Wooded Land

      40-acre wooded tract ideal for recreation or development.
      40ACS County Road 322, Henagar, AL 35978
      View Details

    FAQs

    What type of property is this?
    Hunting land - 40-acre hunting land with spring-fed creek and box stands.
    Where is this hunting land located?
    The property is located at 40 Acres County Road 492 Henagar, AL.
    What is the asking price?
    The asking price for this property is $263,000.
    What are key features of this property?
    This property features: 40‑acre property with a spring‑fed creek; Hunter's paradise with abundant wildlife; Four box stands in place for your convenience
    (423) 309-3069
    We can help!
    Listing Contact
    Wesley Bethune
    Real Estate License ID: 364590 TN
    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
    40 Acres County Road 492, Henagar, AL 35978
    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!