Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    811 1St Ave Selma, AL 36701

    Sponsored
    For Sale
    Contact for pricing

    LAND - Selma, AL

    Lot size:
    0.14 Acres
    Days on Market:
    3
    Last Refresh:
    Jan 18 at 9:06 pm

    Property Features for 811 1St Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    11-07-25-2-005-024.0000
    Lot size
    0.14 Acres

    We can help!

    Listing Contact
    Debra Billingsley

    EXP REALTY LLC (888) 923-5547 [email protected]

    Listing agent Debra S. Billingsley (888) 923-5547 License #0133734

    Listing date Jan 16, 2026

    MLS# 582745 Listing URL

    Copyright © 2026 Montgomery Area Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential City Lot in Selma

    This residential city lot presents an opportunity for building a home or investing in an urban area. Located within city limits, the property allows access to schools, shopping, dining, medical facilities, and major roadways. The lot is level and build-ready, suitable for a custom home or future development. City utilities are available. The surrounding neighborhood features established homes. The lot size is 0.141 acres and is located in Selma, Alabama.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Dallas
    State
    Alabama
    Longitude
    -87.027404
    Latitude
    32.422336

    Nearby Similar for Sale

    • $549,000
      Pending

      Established Selma Motel Opportunity

      Well-established 36-unit motel with recent updates and thriving business.
      1200 W Highland Ave, Selma, AL 36701
      View Details
    • $39,900
      3,805 SF

      Mixed-Use Building in Selma, Alabama

      2509 sqft building with retail, apartment, and laundry potential.
      313 Parkman Ave, Selma, AL 36701
      View Details
    • $218,400
      36.40 Acres

      Alabama River Waterfront Development Opportunity

      36-acre waterfront property on the Alabama River in Selma.
      Kings Bend Rd, Selma, AL 36701
      View Details
    • $395,000
      3,659 SF

      Selma Commercial Building on Highland

      Well-located commercial building on a busy Selma corridor.
      1208 W Highland Ave, Selma, AL 36701
      View Details
    • $195,000
      7,950 SF

      Highway Frontage Commercial Property, Selma

      1.37 acre commercial property with highway frontage in Selma, AL.
      408 Hwy 80 E, Selma, AL 36701
      View Details
    • Contact for pricing
      1.52 Acres

      Selma, AL Land For Sale

      1.52 acre lot in Twin Rivers Preserve, Selma, Alabama.
      Twin Rivers Preserve, Selma, AL 36701
      View Details
    • $5,375,000
      133,710 SF

      Selma Multifamily Investment Opportunity

      120-unit apartment community in Selma, Alabama, with value-add potential.
      1300 Cloverdale Rd, Selma, AL 36703
      View Details
    • $179,900
      5,764 SF

      Selma Commercial Property for Sale

      Commercial property in Selma, Alabama, offering 5764 square feet.
      6 Office Park Cir, Selma, AL 36701
      View Details
    • $48,500
      1,828 SF

      Mobile Home on Acreage

      Four-bedroom mobile home on over three acres.
      13909 Highway 14 W, Selma, AL 36701
      View Details
    • $111,500

      Selma Commercial Building Investment

      Prime Selma location, great potential.
      1609 Broad St, Selma, AL 36701
      View Details
    • $30,000

      Selma Avenue Commercial Corner Lot

      Prime Selma location, retail/residential potential.
      1505 Selma Ave, Selma, AL 36703
      View Details
    • $165,000

      Selma Commercial Property - Great Investment

      Prime Selma location, 165k, general commercial.
      700 Dallas Ave, Selma, AL 36701
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Build-ready city lot with utilities, ideal for custom home.
    Where is this residential land & home lot located?
    The property is located at 811 1St Ave Selma, AL.
    What is the asking price?
    The asking price for this property is $8,000.
    What are key features of this property?
    This property features: - Build-ready, level lot ideal for custom home or development.; - Convenient city location with easy access to schools, shopping, dining, medical facilities, and major roadways.; - City utilities available.
    (888) 923-5547
    Request Owner's contact information
    811 1St Ave Selma, AL 36701
    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.
    811 1St Ave
    Selma, AL 36701
    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
    811 1St Ave Selma, AL 36701
    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

    We can help!
    Listing Contact
    Debra Billingsley
    Real Estate License ID: 0133734
    (888) 923-5547
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.