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

    5 Ac - B Mcphail Farm Rd Florala, AL 36442

    Sponsored
    For Sale
    $44,900

    LAND - Florala, AL

    Lot size:
    5.00 Acres
    Days on Market:
    5
    Last Refresh:
    Jan 26 at 7:06 am

    Property Features for 5 Ac - B Mcphail Farm Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Horses Allowed, Mobile Ho
    APN
    23 29 07 25 0 001 005.001
    Lot size
    5.00 Acres

    We can help!

    Listing Contact
    Christa V Merrifield

    Merrifield & Pilcher Realty LLC (850) 892-9650

    Listing agent Christa V Merrifield (850) 428-3298 License #689338

    Listing date Jan 22, 2026

    MLS# 988204

    Copyright © 2026 Emerald Coast 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

    Cleared Vacant Land in Florala

    This is a 5-acre parcel of cleared, vacant land situated on McPhail Farm Road in Florala, Alabama. Zoned for agricultural use, the property is suitable for a site-built home or mobile home. The zoning provides opportunities for gardening, animals, livestock, and outdoor activities, while potentially keeping property taxes and homeowner's insurance costs low. The land includes a small, wooded area for privacy. Additional connecting land is available. Access to the property is provided by easement.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land

    Map

    City
    Florala
    County
    Covington
    State
    Alabama
    Longitude
    -86.303343
    Latitude
    31.017403

    Nearby Similar for Sale

    • $110,000
      2,220 SF

      Vintage Farmhouse on Peaceful Acres

      Vintage farmhouse on 3 acres ready for your personal touch.
      14734 Clary Rd, Florala, AL 36442
      View Details
    • $85,000
      Pending

      Land with RV near Florala

      Over an acre with RV, power, and public water.
      6219 Glen Chambers Rd, Florala, AL 36442
      View Details
    • $172,999

      Furnished Home Ideal for Rental

      Charming, furnished 3-bedroom home, perfect for short-term rental.
      23005 Dewight Stone Ave Ave, Florala, AL 36442
      View Details
    • $374,826

      Heavily Wooded Campground/RV Park

      21-acre campground with creeks, cabins, RV slips, and clubhouse.
      1461 Babe Lawrence Rd, Florala, AL 36442
      View Details
    • $820,000
      15,608 SF

      Retail Property in Florala, Alabama

      Retail property available for sale in Florala, Alabama.
      958 2Nd St, Florala, AL 36442
      View Details
    • $410,000
      70.00 Acres

      70 Acres in Rural Florala, AL

      Country acreage, build your dream home!
      Circle R Farm Dr, Florala, AL 36442
      View Details
    • $470,000
      6,822 SF

      Florala Retail Space - Prime Location

      Profitable Restaurant & Gas Station Combo.
      1078 3rd St, Florala, AL 36442
      View Details

    FAQs

    What type of property is this?
    Agricultural land - 5 acres of cleared land suitable for residential or agricultural use.
    Where is this agricultural land located?
    The property is located at 5 Ac - B Mcphail Farm Rd Florala, AL.
    What is the asking price?
    The asking price for this property is $44,900.
    What are key features of this property?
    This property features: - Cleared, vacant 5-acre lot ready for building your dream home.; - Suitable for site-built or mobile home, offering flexibility.; - Agricultural zoning provides opportunity and low property taxes/insurance.
    (850) 428-3298
    Request Owner's contact information
    5 Ac - B Mcphail Farm Rd Florala, AL 36442
    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.
    5 Ac - B Mcphail Farm Rd
    Florala, AL 36442
    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
    5 Ac - B Mcphail Farm Rd Florala, AL 36442
    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
    Christa V Merrifield
    Real Estate License ID: 689338
    (850) 428-3298
    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.