Add Listing
    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

    LOT 57 TURKEY RUN Jasper, AL 35504

    View on Map
    Claim this Listing
    New
    For Sale
    Contact for pricing

    Land - Jasper, AL

    Lot size:
    0.60 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 18 at 12:06 am

    Property Features for LOT 57 TURKEY RUN

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    64 10 06 24 0 000 034.057
    Lot size
    0.60 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    John Michael Reed

    Listing agent John Michael Reed License #167945

    Listing office EXP Realty Central AL

    Listing date Apr 16, 2026

    MLS# 26-808 Listing URL

    Copyright © 2026 Walker County Area 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

    Residential Land in Heatherwood Subdivision

    This residential land is located in the Heatherwood Subdivision. The property offers convenient access to Interstate 22 and is situated minutes from Jasper, Alabama. The lot size is 0.6 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Storage Facility Cosmetic Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Jasper
    County
    Walker
    State
    Alabama
    Longitude
    -87.231585
    Latitude
    33.89579

    Nearby Similar for Sale

    • $449,999
      4,406 SF

      Commercial Property on 5 Acres

      Commercial building with shop, offices, and expansion potential.
      27 PINEDALE SHORES Rd, Jasper, AL 35503
      View Details
    • $1,750,000

      Historic Downtown Jasper Commercial Building

      16,235 SF historic building in downtown Jasper, Alabama.
      1824 3rd Ave, Jasper, AL 35501
      View Details
    • $350,000
      2,928 SF

      Established Landmark in Jasper, AL

      Versatile commercial property with ample parking and storage space.
      819 S AIRPORT Rd, Jasper, AL 35501
      View Details
    • $1,750,000

      Downtown Jasper Commercial Building For Sale

      Historic 16,235 SF building in downtown Jasper, Alabama.
      1824 3rd Ave, Jasper, AL 35501
      View Details
    • $449,999

      Commercial Land with Shop, Jasper

      5 acres with 3,000 SF shop near Smith Lake.
      27 PINEDALE SHORES Rd, Jasper, AL 35503
      View Details
    • $399,900
      2,400 SF

      Jasper Office Building Prime Location

      Commercial building in Jasper, Alabama, suitable for various business uses.
      1499 N AIRPORT Rd, Jasper, AL 35504
      View Details
    • $699,000

      Land on Viking Drive, Jasper

      5.6+/- acre commercial land in a developing Jasper location.
      00 VIKING Dr, Jasper, AL 35501
      View Details
    • $250,000
      1,846 SF

      Downtown Jasper Commercial Building For Sale

      Commercial building in Jasper's downtown area with high visibility.
      912 S AIRPORT Rd, Jasper, AL 35501
      View Details
    • $1,500,000
      22,000 SF

      Prime Commercial Land on Highway

      2.91+/- acres with 22,000+/- SF, excellent access, ideal location.
      2105 HIGHWAY 78, Jasper, AL 35501
      View Details
    • $185,500

      Unrestricted Acres Near Smith Lake

      3.6 acres near Smith Lake Dam, ready for immediate use.
      5987 SMITH LAKE DAM ROAD, JASPER, AL 35504
      View Details
    • $195,000

      13 Acres on Interstate 22

      Wooded acreage with high visibility and access to Interstate 22.
      0 U.S. Hwy 78, Jasper, AL 35549
      View Details
    • $1,250,000
      7,500 SF

      Jasper Commercial Property with Upgrades

      10-acre commercial property with upgraded office and mechanics garage.
      2804 AL-69, Jasper, AL 35501
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for sale in Jasper, Alabama's Heatherwood Subdivision.
    Where is this residential land & home lot located?
    The property is located at LOT 57 TURKEY RUN Jasper, AL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Minutes from Jasper; Easy access to Interstate 22; Peaceful surroundings
    (205) 388-9055
    We can help!
    Listing Contact
    John Michael Reed
    Real Estate License ID: 167945
    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!