Your AI Navigator in Commercial Real Estate
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

    516to617 Folmar & Madison St Troy, AL 36081

    For Sale
    $1,450,000

    Undeveloped,Residential Multi-family, Lots & Land - Troy, AL

    Lot size:
    1.27 Acres
    Days on Market:
    55
    Last Refresh:
    Dec 7 at 2:06 am

    Property Features for 516to617 Folmar & Madison St

    General Information

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

    Building Details

    Architectural style
    Other

    LANDMARK REALTY (334) 566-9000

    Listing agent Earl Ellis (334) 566-9000

    Listing date Oct 14, 2025

    MLS# 27048 Listing URL

    Copyright © 2025 Pike County Board 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.

    Overview

    Troy, AL Development Property

    This is a prime development property situated near Troy University and the newly redeveloped Lake Lagoona Park. The property, intended for residential development, offers over 500 feet of street frontage. Its location provides the unique opportunity to live near the university campus. The lot size is 1.27 acres.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Troy
    County
    Pike
    State
    Alabama
    Longitude
    -85.962205005774
    Latitude
    31.803180540862

    Nearby Similar for Sale

    • $725,000
      8.00 Acres

      Residential Land with Equestrian Features

      Five-bedroom home with equestrian facilities near Troy, Alabama.
      704 704 County Rd, Troy, AL 36081
      View Details
    • $875,000
      2,664 SF

      Troy Commercial Opportunity For Sale

      2,664 SF building on 1.6 acres near downtown Troy.
      604 S George Wallace Dr, Troy, AL 36081
      View Details
    • $375,000
      2,004 SF

      Troy Commercial Space For Sale

      Commercial space suitable for medical or office use in Troy.
      101 Hunters Mountain Pkwy, Troy, AL 36079
      View Details
    • $295,000
      19,800 SF

      Established Day Care Business Opportunity

      Day care business with building, equipment, and inventory for sale.
      409 North 3 Notch St, Troy, AL 36081
      View Details
    • $650,000
      7,504 SF

      Troy Commercial Corner Property

      Highly visible commercial property on 2+/- acres in Troy.
      101 N And W Fairview St, Troy, AL 36081
      View Details
    • $650,000
      2.00 Acres

      Commercial Corner Property in Troy

      Highly visible commercial corner property with ample parking and loading.
      101 N And W Fairview St, Troy, AL 36081
      View Details

    FAQs

    What type of property is this?
    Land - Prime development property near Troy University and Lake Lagoona Park.
    Where is this land located?
    The property is located at 516to617 Folmar & Madison St Troy, AL.
    What is the asking price?
    The asking price for this property is $1,450,000.
    What are key features of this property?
    This property features: - Prime development property located inside property owned by Troy University.; - Boasting over 500 feet of street frontage.; - Near the newly redeveloped Lake Lagoona Park.
    (334) 566-9000
    Request Owner's contact information
    516to617 Folmar & Madison St Troy, AL 36081
    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.
    516to617 Folmar & Madison St
    Troy, AL 36081
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    516to617 Folmar & Madison St Troy, AL 36081
    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
    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.