Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land with Warehouses Title is generated by Realmo AI

    762 Old US 84, Gordon, AL 36343

    View on Map
    Claim this Listing
    For Sale
    $224,000

    COMMERCIAL - Gordon, AL

    Property size:
    4,800 SF
    Lot size:
    3.00 Acres
    Price / SF:
    $46/SF
    Added:
    Feb 13, 2026
    Days on Market:
    106
    Last Refresh:
    May 30 at 6:06 pm

    Property Features for 762 Old US 84

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    13-04-19-0-000-002.002
    Size
    4,800 SF
    Lot size
    3.00 Acres

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Connie Watkins
    Connie Watkins

    Listing agent Connie Watkins

    Listing office Weichert Realtors JBR Legacy Group 3201 Montgomery Highway Suite 10, Dothan, AL

    Listing date Feb 13, 2026

    MLS# 209883

    Copyright © 2026 Southeast Alabama Association 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.

    HighLights

    • 4800 sqft main building ideal for a logistic warehouse
    • 3 acres of commercial land with 3 buildings
    • Boasting over 500 ft of road frontage
    • Conveniently located at the Alabama, Georgia, and Florida line
    • Plenty of room for truck parking
    • Great area for a logistic warehouse

    Overview

    This commercial property in Gordon, Alabama, features 3 acres of land improved with three buildings, including a main building offering 4,800 square feet of space. The property is positioned as suitable for a logistics warehouse. It benefits from over 500 feet of road frontage, providing ample room for truck parking. The location is conveniently situated at the Alabama, Georgia, and Florida state line.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Gordon
    County
    Houston
    State
    Alabama
    Longitude
    -85.0741329
    Latitude
    31.1270072

    Nearby Similar for Sale

    • $119,500
      2,536 SF

      Gordon, AL Commercial Building

      2536 sq ft commercial building on 0.95 acre lot.
      2025 N Co Rd 95 (Main St), Gordon, AL 36343
      View Details
    • $103,510

      20-Acre Hunting/Homesite Land in Gordon

      20-acre hunting tract or homesite in Gordon, Alabama.
      0021 Barnes Rd, Gordon, AL 36343
      View Details
    • $140,064

      Secluded Hunting and Homesite Land

      Private 37.8-acre tract ideal for hunting or building.
      008 Sealy Wells Road, Gordon, AL 36343
      View Details
    • $134,665

      Land with Big Creek Frontage

      24-acre wooded property near Cottonwood with creek and road frontage.
      009 Mt Zion Road, Gordon, AL 36343
      View Details
    • $145,320

      26 Acres Hunting Land Homesite

      26 acres with creek frontage near Cottonwood, Alabama.
      012 Mt Zion Road, Gordon, AL 36343
      View Details
    • $119,800

      Rural Hunting Land in Gordon, AL

      21.364 acres of wooded land perfect for hunting or homesite.
      014 Mt Zion Road, Gordon, AL 36343
      View Details
    • $140,064

      Land For Sale in Houston

      Land available in Houston County, Alabama.
      008 Sealy Wells RD, Gordon, AL 36343
      View Details

    FAQs

    What type of property is this?
    Commercial land - 3 acres with buildings, suitable for logistics warehouse.
    Where is this commercial land located?
    The property is located at 762 Old US 84 Gordon, AL.
    What is the asking price?
    The asking price for this property is $224,000.
    What are key features of this property?
    This property features: 4800 sqft main building ideal for a logistic warehouse; 3 acres of commercial land with 3 buildings; Boasting over 500 ft of road frontage
    (334) 798-0984
    We can help!
    Listing Contact
    Connie Watkins
    Connie Watkins
    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
    762 Old US 84, Gordon, AL 36343
    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!