Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    63 HODGENS ROAD Chelsea, AL 35043

    View on Map
    Claim this Listing
    For Sale
    $150,000

    Lots - CHELSEA, AL

    Lot size:
    1.00 Acre
    Added:
    Sep 16, 2024
    Days on Market:
    600
    Last Refresh:
    May 8 at 2:06 am

    Property Features for 63 HODGENS ROAD

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Cameron Reynolds

    Listing agent Cameron Reynolds

    Listing office ARC Realty Vestavia 4501 Pine Tree Circle, Birmingham, AL

    Listing date Sep 16, 2024

    MLS# 21397494 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.

    HighLights

    • Minimum 1 ACRE Estate Lots
    • Cleared, Logged, and Graded with Driveways Cut In
    • Water Meters and Power Installed
    • PERC Tests Passed and Approved
    • 2 Rail Cedar Fencing Installed
    • Builders Welcome

    Overview

    Chelsea, AL Estate Lot

    Estate lots in Hodgens Estates are available for construction. Builders are welcome. All lots are a minimum of 1 acre. The lots have been cleared, logged, and graded, with driveways cut in. Water meters and power have been installed. All PERC tests have been passed and approved by the Shelby County Health Department. Two-rail cedar fencing has been installed.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Big Box & Wholesale Store Gym & Fitness Center HVAC Service Discount Store Grocery & Convenience Store Wine and Liquor Store Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Chelsea
    County
    Shelby
    State
    Alabama
    Longitude
    -86.70071
    Latitude
    33.324356

    Nearby Similar for Sale

    • $239,000

      Chelsea Land with Garage

      8.56 acres in Chelsea School District with large garage.
      268 Nichols Rd, Chelsea, AL 35043
      View Details
    • $64,500

      Wooded Lot with Mountain View

      Residential lot near hiking and mountain bike park.
      Lot 40 AUTUMN VIEW DRIVE, CHELSEA, AL 35147
      View Details
    • $25,000

      CHELSEA, AL Build-Ready Lot

      Residential lot in Deer Ridge community with convenient location.
      305 DEER RIDGE LANE, CHELSEA, AL 35043
      View Details
    • $949,000

      CHELSEA, AL Wooded Acreage

      Approximately 30 acres with creek and Hwy 280E frontage.
      14548 HIGHWAY 280, CHELSEA, AL 35043
      View Details
    • $657,900

      Chelsea, AL Vacant Land Tract

      43+/- acre tract in Chelsea, Alabama, ideal for investment.
      0 Highway 49, Chelsea, AL 35043
      View Details
    • $139,900

      3.82 Acres in Chelsea, AL

      Build-ready 3.82 acre homesite in Chelsea, Alabama.
      3552 HIGHWAY 39, CHELSEA, AL 35043
      View Details
    • $450,000

      Chelsea Acreage with Development Potential

      14.5 acres in Chelsea, suitable for estate or subdivision.
      0 COUNTY ROAD 36, CHELSEA, AL 35043
      View Details
    • $994,500

      65 Acres in Chelsea, AL

      Vacant land with development potential in Shelby County.
      0 Highway 49, Chelsea, AL 35043
      View Details
    • $950,000

      Prime Commercial Acreage in Chelsea

      14.27 acres with frontage on Hwy 280 in Chelsea.
      0000 Highway 280, CHELSEA, AL 35043
      View Details
    • $325,125

      Chelsea Mini-Farm Vacant Land

      21.25 acre mini-farm tract in Chelsea, Alabama.
      0 Highway 49, Chelsea, AL 35043
      View Details
    • $600,000

      Commercial Land Near US 280

      6.52 acre commercial lot with road frontage.
      10740 Old Highway 280, CHELSEA, AL 35043
      View Details
    • $85,000

      Chelsea Acreage Ready For Building

      2.76+/- acre lot in the heart of Chelsea, Alabama.
      65 DOGWOOD DRIVE, CHELSEA, AL 35043
      View Details

    FAQs

    What type of property is this?
    Land - Ready-to-build 1+ acre lots with utilities in Hodgens Estates.
    Where is this land located?
    The property is located at 63 HODGENS ROAD Chelsea, AL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Minimum 1 ACRE Estate Lots; Cleared, Logged, and Graded with Driveways Cut In; Water Meters and Power Installed
    (205) 969-8910
    We can help!
    Listing Contact
    Cameron Reynolds
    Real Estate License ID: 109606
    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

    Thank You for Inquiry
    63 HODGENS ROAD, CHELSEA, AL 35043
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!