Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Acreage in Crenshaw County Title is generated by Realmo AI

    7818 Greenville Hwy, Luverne, AL 36049

    View on Map
    Claim this Listing
    For Sale
    $549,900

    Vacant Land - Luverne, AL

    Lot size:
    116.52 Acres
    Added:
    Dec 27, 2025
    Days on Market:
    147
    Last Refresh:
    May 23 at 12:06 pm

    Property Features for 7818 Greenville Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    10-06-24-0-000-001-0000
    Lot size
    116.52 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    906

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Jason Smith Perdue

    Listing agent Jason Smith Perdue

    Listing office SmallTown Hunting Properties & Real Estate LLC 2121 5th St STE 206, Meridian, AL

    Listing date Dec 27, 2025

    MLS# 11624291 Listing URL

    Copyright © 2026 My State 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

    • Established homesite with existing septic system, public water, and electricity.
    • Approximately 5,700 feet of road frontage on Greenville Highway and Smyth Road, providing multiple access points.
    • 116.52± acre tract suitable for hunting, agriculture, and homesite development.
    • Located in a desirable Crenshaw County location with convenient access to Rutledge, Greenville, and I‑65.
    • Abundant deer and turkey signs with water holes/duck ponds for year‑round water sources.
    • Mix of approximately 25 acres of row crop/pasture and 84± acres of pre‑merchantable hardwoods/softwoods.

    Overview

    This 116.52± acre tract is located in Crenshaw County, approximately 6 miles west of Rutledge, Alabama, and about 14 miles southeast of Greenville, with convenient access to I-65. The property offers opportunities for hunting, agriculture, and establishing a homesite. Road frontage is a notable feature, with roughly 3,000 feet along Greenville Highway and an additional 2,700 feet on Smyth Road, providing multiple access points. Approximately 25 acres are in row crop and pasture, with the remaining 84± acres consisting of mixed pre-merchantable hardwoods and softwoods. Deer activity is evident throughout, and several water holes/duck ponds provide water sources. An established homesite is located on the southwest corner, complete with a septic system, public water, and electricity already in place. This acreage is suited for a recreational hunting tract, working farm, or permanent homestead, in a Crenshaw County location with access to nearby towns and the interstate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural properties

    Map

    City
    Luverne
    County
    Crenshaw
    State
    Alabama
    Longitude
    -86.407014
    Latitude
    31.742658

    Nearby Similar for Sale

    • $499,000

      Luverne Retail Center For Sale

      Multi-tenant retail center in Luverne, Alabama, 100% occupied.
      1390 Forest Avenue, Luverne, AL 36049
      View Details
    • $499,900
      2,322 SF

      Dental Office Building on Hwy 331

      Dental office building in Luverne, leased until February 2026.
      1666 S Forest Ave, Luverne, AL 36049
      View Details
    • $295,000
      2,070 SF

      Downtown Luverne Office Complex

      Office complex in downtown Luverne with customer service area.
      171 S Forest Ave, Luverne, AL 36049
      View Details
    • $139,900
      2,839 SF

      Luverne Church with Expansion Potential

      Church with unfinished addition, suitable for office or residential conversion.
      198 Barbara Ave, Luverne, AL 36049
      View Details
    • $739,999
      7,394 SF

      Spacious Multi-Unit Property in Luverne

      16-bedroom, 16-bathroom property ideal for group residence or retreat.
      370 Roy Beall Drive, Luverne, AL 36049
      View Details
    • $250,000
      7,500 SF

      Luverne Commercial Building For Sale

      7500 SF commercial building with retail and office space.
      1257 S Forest Ave, Luverne, AL 36049
      View Details
    • $25,000
      1,200 SF

      Residential Lot in Crenshaw County

      Cleared 1.3-acre lot suitable for house or mobile home.
      3500 Centenary Road, LUVERNE, AL 36049
      View Details
    • $250,000
      3,500 SF

      Retail Building in Luverne, AL

      3,500 SF retail building with financing options available.
      1253 S Forest Ave, Luverne, AL 36049
      View Details
    • $135,000
      3,080 SF

      Luverne, AL Commercial Building

      Commercial building in Luverne, Alabama featuring multiple classrooms.
      320 Hawkins Ave, Luverne, AL 36049
      View Details
    • $298,000

      Land on US 331 Frontage

      Land suitable for home, agriculture, grazing, or business.
      8995 Montgomery Highway, Luverne, AL 36049
      View Details
    • $39,900

      Luverne Homesite with Pond Frontage

      2.75-acre homesite in Luverne, AL, with water frontage.
      0 Oak Street, Luverne, AL 36049
      View Details
    • $618,000

      235 Acres Hunting/Investment Land

      Recreational tract for hunting and long-term land investment.
      0 Cook Stand Road, Luverne, AL 36049
      View Details

    FAQs

    What type of property is this?
    Land - 116.52 acre tract ideal for hunting, agriculture, and homesite.
    Where is this land located?
    The property is located at 7818 Greenville Hwy Luverne, AL.
    What is the asking price?
    The asking price for this property is $549,900.
    What are key features of this property?
    This property features: Established homesite with existing septic system, public water, and electricity.; Approximately 5,700 feet of road frontage on Greenville Highway and Smyth Road, providing multiple access points.; 116.52± acre tract suitable for hunting, agriculture, and homesite development.
    (334) 931-0090
    We can help!
    Listing Contact
    Jason Smith Perdue
    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
    7818 Greenville Hwy, Luverne, AL 36049
    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!