Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    93 Heritage Drive Guntersville, AL 35976

    View on Map
    Claim this Listing
    For Sale
    $69,900

    LAND - Guntersville, AL

    Lot size:
    0.92 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    100
    Last Refresh:
    May 6 at 7:06 pm

    Property Features for 93 Heritage Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.92 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Shane Vandergriff

    Listing agent Shane Vandergriff License #49959

    Listing office Lake Guntersville Real Estate 237 Gunter Avenue, AL

    Listing date Jan 26, 2026

    MLS# 21887375 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

    • Building lot in the prestigious Gunter's Landing golf community
    • No time limit to build
    • Swimming pool and tennis included in HOA fees
    • Underground utilities available
    • Curbs and gutters are in place
    • Public water and sewer connections

    Overview

    Residential Lot in Golf Community

    This 0.92-acre building lot is located within the golf community of Gunter's Landing. The property features underground utilities, curbs, and gutters. HOA fees include access to a swimming pool and tennis courts. There is no time limit to build. See restrictions in documents section.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Hotel & Motel Grocery & Convenience Store Food Market Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Guntersville
    County
    Marshall
    State
    Alabama
    Longitude
    -86.2591692
    Latitude
    34.3879291

    Nearby Similar for Sale

    • $549,900
      2,812 SF

      Guntersville Commercial Property For Sale

      Commercial property in Guntersville, Alabama, with potential business use.
      280 Gunter Avenue, Guntersville, AL 35976
      View Details
    • $980,000
      4,118 SF

      Guntersville Commercial Building and Restaurant

      Prime commercial building with restaurant equipment near Lake Guntersville.
      14401 US Highway 431, Guntersville, AL 35976
      View Details
    • $259,900
      5,500 SF

      Guntersville Commercial Property For Sale

      5,500 SF commercial property with flexible layout in Guntersville, AL.
      2889 Scottsboro Hwy, Guntersville, AL 35976
      View Details
    • $409,000
      8,500 SF

      Guntersville Commercial Building on Acreage

      8,500 SF commercial building on almost an acre.
      3450 Wyeth Mountain Road, Guntersville, AL 35976
      View Details
    • $848,000
      1,008 SF

      Guntersville Commercial Property on Highway

      Commercial property on Highway 431 South, Guntersville, Alabama.
      2029 S Gunter Avenue S, Guntersville, AL 35976
      View Details
    • $425,000
      9,124 SF

      Guntersville Warehouses with Lake Views

      Two commercial warehouses with lake views and high visibility.
      1705 Blount Avenue, Guntersville, AL 35976
      View Details
    • $349,000
      1,705 SF

      Guntersville Office Building with Lake Views

      Charming office building in Guntersville with views of Lake Guntersville.
      1640 Blount Avenue, Guntersville, AL 35976
      View Details
    • $799,000
      4,800 SF

      Guntersville Car Wash For Sale

      Established car wash business and real estate in Guntersville, Alabama.
      12118 US Highway 431, Guntersville, AL 35976
      View Details
    • $450,000
      2,552 SF

      Guntersville Commercial Property For Sale

      Retail space available in Guntersville, Alabama.
      1804 Gunter Avenue, Guntersville, AL 35976
      View Details
    • $289,000
      2,400 SF

      Guntersville Commercial Building Opportunity

      2,400 SF commercial building in the heart of Guntersville.
      1322 Gunter Avenue, Guntersville, AL 35976
      View Details
    • $325,000

      Lakeside Community Lot For Sale

      0.75-acre lot in premier lakeside community with luxury amenities.
      Fall Creek Drive lot: 65, Guntersville, AL 35976
      View Details
    • $300,000

      Lake Guntersville Lakeside Community Lot

      0.80 acre lot in premier lakeside community.
      Fall Creek Drive lot: 18, Guntersville, AL 35976
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Building lot in Gunter's Landing golf community.
    Where is this residential land & home lot located?
    The property is located at 93 Heritage Drive Guntersville, AL.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: Building lot in the prestigious Gunter's Landing golf community; No time limit to build; Swimming pool and tennis included in HOA fees
    (256) 302-1919
    We can help!
    Listing Contact
    Shane Vandergriff
    Real Estate License ID: 49959
    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
    93 Heritage Drive, Guntersville, AL 35976
    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!