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

    46088 HIGHWAY 77 Ashland, AL 36251

    View on Map
    Claim this Listing
    For Sale
    $224,000

    Acreage - ASHLAND, AL

    Lot size:
    16.00 Acres
    Added:
    Feb 2, 2024
    Days on Market:
    817
    Last Refresh:
    Apr 29 at 5:06 am

    Property Features for 46088 HIGHWAY 77

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    16.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Bill Pharr

    Listing agent Bill Pharr

    Listing office Area Real Estate Inc. 1102 West Fort Williams, sylacauga, AL

    Listing date Feb 2, 2024

    MLS# 21376083 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    16 Acres in Clay County

    This property features approximately 16 acres of land, including pasture and wooded areas, with pond frontage. Located in Clay County, the site offers potential building sites. Public water and power are available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Ashland
    County
    Clay
    State
    Alabama
    Longitude
    -85.926303
    Latitude
    33.281325

    Nearby Similar for Sale

    • $17,500

      Flat Building Lot in Ashland

      Corner lot with remnants of old home in Ashland.
      MITCHELL LANE, ASHLAND, AL 36251
      View Details
    • $250,000
      2,508 SF

      Sandcastle Academy

      Ready-to-operate daycare facility with all equipment on 1.38 acres.
      841 2Nd Ave, Ashland, AL 36251
      View Details
    • $19,000

      Land For Sale in Ashland

      0.7 acre lot near downtown Ashland and Ashland Elementary.
      0 OWENS ROAD, ASHLAND, AL 36251
      View Details
    • $360,000

      Ashland Vacant Land Investment Opportunity

      160-acre timber investment property with longleaf pines near Ashland, AL.
      0 CR 77, Ashland, AL 36251
      View Details
    • $8,300

      Prime Commercial Corner Lot

      One-acre corner lot suitable for commercial development.
      County Road 7 1, ASHLAND, AL 35160
      View Details
    • $250,000
      2,508 SF

      Established Daycare Facility on 1.38 Acres

      Turnkey daycare facility with equipment on 1.38 acres.
      841 S 2nd Avenue, ASHLAND, AL 36251
      View Details
    • $224,000

      Acreage in Clay County

      Approximately 16 acres with pasture, woods, and pond.
      46088 Highway 77, ASHLAND, AL 36251
      View Details
    • $119,000

      Clay County Hunting and Recreation

      17 acre tract perfect for hunting and recreation.
      Jessie Ann Lane 1, ASHLAND, AL 36251
      View Details
    • $160,000

      Secluded Land with Mature Hardwoods

      Secluded land with mature hardwoods, suitable for various uses.
      1 County Road 31, Ashland, AL 36251
      View Details
    • $270,000

      Highway Frontage Commercial Property

      Commercial property for sale on Highway 77 in Ashland.
      40697 Highway 77, Ashland, AL, 36251-4839
      View Details
    • $375,000
      8,000 SF

      Highway 77 Retail Opportunity

      Retail property with multiple units and tenant income.
      40976 AL-77, Ashland, AL 36251
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 16-acre property featuring pasture, woods, and pond frontage.
    Where is this agricultural land / farmland located?
    The property is located at 46088 HIGHWAY 77 Ashland, AL.
    What is the asking price?
    The asking price for this property is $224,000.
    What are key features of this property?
    This property features: 1.16 Acres (m/l) of Land; Pasture and Wooded Areas; Pond Frontage for serene views and recreation.
    (256) 872-6208
    We can help!
    Listing Contact
    Bill Pharr
    Real Estate License ID: 31660-1
    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!