Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land Ready for Development Title is generated by Realmo AI

    6920 S Highway 231/431, Owens Cross Roads, AL 35763

    View on Map
    Claim this Listing
    For Sale
    $499,000

    COMMERCIAL - Owens Cross Roads, AL

    Lot size:
    1.06 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    28
    Last Refresh:
    May 11 at 4:06 pm

    Property Features for 6920 S Highway 231/431

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1807360000085000.
    Lot size
    1.06 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Cyrus Haghshenas

    Listing agent Cyrus Haghshenas License #101757

    Listing office Leading Edge, R.E. Group 924 Merchants Walk, Huntsville, AL

    Listing date Apr 14, 2026

    MLS# 21860938 Listing URL

    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.

    HighLights

    • Ready‑to‑build: Immediate construction possible with all state and county approvals secured.
    • Professionally prepared drawings included, created by licensed engineers.
    • Strategic location at the city limits border offers annexation flexibility.
    • Permitting completed after over a year, ensuring full compliance.
    • Annexation Flexibility: Option to annex into the city or remain under county jurisdiction.
    • Public water source available.

    Overview

    This commercial land is designed for a small plaza (strip mall) and includes a full set of professionally prepared drawings by licensed engineers. All necessary approvals have been obtained from both state and county authorities, allowing construction to begin immediately. The permitting and approval process took over a year to complete, ensuring everything is fully compliant and ready to move forward. The 1.06-acre property is strategically located at the border of the city limits, offering flexibility. It can easily be annexed into the city if desired or remain under county jurisdiction, which typically involves fewer regulations. This land is located in Owens Cross Roads, AL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Owens Cross Roads
    County
    Madison
    State
    Alabama
    Longitude
    -86.4644
    Latitude
    34.611

    Nearby Similar for Sale

    • $1,000,000
      6,575 SF

      Highway Frontage Commercial Garage

      Commercial garage with office space on high-traffic Highway 431.
      9055 Highway 431 S, Owens Cross Roads, AL 35763
      View Details
    • $850,000
      4,000 SF

      Commercial Property Near Huntsville

      Commercial property with level lot and generator near Huntsville.
      9639 Highway 431 S, Owens Cross Roads, AL 35763
      View Details
    • $595,000
      3,588 SF

      Multi-Family Property in Owens Cross

      Five-unit multi-family property on a large 2.4-acre lot.
      156-A Dudley Lane, Owens Cross Roads, AL 35763
      View Details
    • $300,000

      Residential Land in Owens Cross Roads

      6.6 acre lot in Watson Grande Preserve.
      41 Watson Grande Way, Owens Cross Roads, AL 35763
      View Details
    • $375,000

      Mountain Top Estate Homesite

      Homesite with sunset views in gated community near Huntsville.
      77 Watson Grande Way, Owens Cross Roads, AL 35763
      View Details
    • $365,000
      2,378 SF

      Owens Cross Roads Commercial Property

      Commercial property with high visibility and traffic count.
      9623 Highway 431 N, Owens Cross Roads, AL 35763
      View Details
    • $299,900

      Commercial Lot in Growing Area

      One-acre commercial lot in fast-growing Madison County, Alabama.
      5 Highway 431 S, Owens Cross Roads, AL 35763
      View Details
    • $200,000

      Picturesque Homesite in Owens Cross

      6+ acre homesite in premier North Alabama community.
      26 Watson Grande Way, Owens Cross Roads, AL 35763
      View Details
    • $250,000

      Mountain Top Estate Homesite

      Scenic homesite with community amenities in McMullen Cove.
      32 Watson Grande Way, Owens Cross Roads, AL 35763
      View Details
    • $100,000

      Residential Lot in Owens Cross Roads

      1.01 acre lot ready for your dream home!
      208 Hartside Road, Owens Cross Roads, AL 35763
      View Details
    • $679,000

      Land with Pristine Views

      12.7 acres in Big Cove with mature trees.
      226 Walter Bird Drive, Owens Cross Roads, AL 35763
      View Details
    • $209,900

      Land Near Hampton Cove

      One-acre lot near Hampton Cove with mountain views.
      210 George Byrd Drive, Owens Cross Roads, AL 35763
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land with approved plans for a small commercial plaza.
    Where is this commercial land located?
    The property is located at 6920 S Highway 231/431 Owens Cross Roads, AL.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Ready‑to‑build: Immediate construction possible with all state and county approvals secured.; Professionally prepared drawings included, created by licensed engineers.; Strategic location at the city limits border offers annexation flexibility.
    (256) 520-0927
    We can help!
    Listing Contact
    Cyrus Haghshenas
    Real Estate License ID: 101757
    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
    6920 S Highway 231/431, Owens Cross Roads, AL 35763
    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!