Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5680 County Road 223 Hanceville, AL 35077

    Sponsored
    For Sale
    $789,000

    LAND - Hanceville, AL

    Lot size:
    109.00 Acres
    Days on Market:
    77
    Last Refresh:
    Mar 2 at 3:06 pm

    Property Features for 5680 County Road 223

    General Information

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

    Utilities

    Sewer type
    Septic Tank
    Water source
    Well, Public
    Water front features
    Creek

    We can help!

    Listing Contact
    Peyton Littrell

    Southeastern Land Group, Inc (256) 825-4331

    Listing agent Peyton Littrell (256) 227-7430 License #137567

    Listing date Dec 16, 2025

    MLS# 21905835

    Copyright © 2026 ValleyMLS.Com,Inc. 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

    Hanceville Farm with Creek Frontage

    This turnkey 110+/- acre farm in southern Cullman County offers recreational opportunities. The property features over 2000 feet of year-round Pewterfork Creek frontage. The land includes a 7-acre creek bottom field. Improvements and equipment are included with the farm. It is suited for a multi-family homestead, weekend getaway, or hunting camp.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanceville
    County
    Cullman
    State
    Alabama
    Longitude
    -86.885239
    Latitude
    34.018868

    Nearby Similar for Sale

    • $299,900
      640 SF

      Hanceville Farmhouse on 14 Acres

      Charming farmhouse on 14 acres, ideal for hobby farming.
      2380 County Road 501, Hanceville, AL 35077
      View Details
    • $1,500,000
      20,000 SF

      Hanceville Hemp Grow Facility

      20,000 sqft licensed hemp grow and processing facility.
      770 County Road 654, Hanceville, AL 35077
      View Details
    • $1,500,000

      Licensed Hemp Grow and Processing

      20,000 sqft licensed hemp grow and processing facility for sale.
      770 County Road 654, Hanceville, AL 35077
      View Details
    • $375,000
      3.00 Acres

      Hwy 31 Commercial Land - Hanceville, AL

      High-visibility, pad-ready commercial land.
      9410 Hwy, Hanceville, AL 35077
      View Details
    • $549,000
      2.00 Acres

      Hanceville Commercial Land - High Visibility

      Two-acre commercial lot, high traffic, Cullman annexation potential.
      8861 Hwy, Hanceville, AL 35077
      View Details
    • $189,500
      1,520 SF

      Hanceville Commercial Building - Great Value

      Spacious metal building with warehouse & office.
      28377 Hwy, Hanceville, AL 35077
      View Details
    • $494,000
      19.00 Acres

      Hanceville Commercial Land - 19 Acres

      Prime 19-acre commercial tract, high potential.
      1374 Co Rd, Hanceville, AL 35077
      View Details
    • $399,000
      7,400 SF

      Hanceville Commercial Property - Prime Location

      Two buildings, 7400+ sq ft, high visibility.
      10303 U S Highway 31, Hanceville, AL 35077
      View Details
    • $3,000,000
      35,000 SF

      Prime Hanceville Commercial Property

      35,000 SF Storage Facility Near Smith Lake
      6140 Co Rd, Hanceville, AL 35077
      View Details
    • $1,600,000
      60.00 Acres

      Hanceville Commercial Land Investment

      60 Acres, Potential Annexation, Cullman Proximity
      489 Co Rd, Hanceville, AL 35077
      View Details
    • $289,900
      2,500 SF

      Hwy 31 Commercial Property, Hanceville, AL

      9.25 Acres, Two Buildings, High Visibility
      9410 U S Highway 31, Hanceville, AL 35077
      View Details
    • $299,000
      7,000 SF

      Hanceville Commercial Building - Prime Location

      7,000 sq ft, Downtown Hanceville, High Visibility
      111 Bangor Ave, Hanceville, AL 35077
      View Details

    FAQs

    What type of property is this?
    Farm - 110-acre farm with creek frontage and recreational opportunities.
    Where is this farm located?
    The property is located at 5680 County Road 223 Hanceville, AL.
    What is the asking price?
    The asking price for this property is $789,000.
    What are key features of this property?
    This property features: - 110+/- acre homestead in turnkey condition; - Enjoy over 2000ft of year-round Pewterfork Creek frontage; - Furnished barndo included
    (256) 825-4331
    Request Owner's contact information
    5680 County Road 223 Hanceville, AL 35077
    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.
    5680 County Road 223
    Hanceville, AL 35077
    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
    5680 County Road 223 Hanceville, AL 35077
    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
    Peyton Littrell
    Real Estate License ID: 137567
    (256) 825-4331
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!