Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    958 Smyer Lake Rd Leeds, AL 35094

    Sponsored
    For Sale
    $800,000

    Acreage - LEEDS, AL

    Lot size:
    5.80 Acres
    Days on Market:
    2
    Last Refresh:
    Mar 3 at 12:06 am

    Property Features for 958 Smyer Lake Rd

    General Information

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

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Carrie Lusk

    Premier Vestavia, LLC (205) 397-6500

    Listing agent Carrie Lusk (205) 397-6500

    Listing date Mar 2, 2026

    MLS# 21445044 Listing URL

    Copyright © 2026 Greater Alabama 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

    Private Gated Acreage Near Lake

    This is a 5.8-acre parcel of heavily treed acreage in the private, gated Smyer Lake community. The property offers multiple build site possibilities with access to the lake. It is located minutes from the shops and restaurants of Hwy 41/Mt Laurel and Hwy 280. The property is zoned to Mt Laurel Elementary and Oak Mountain Middle/High Schools. The land is suitable for building a family homestead for multiple generations. There is a small retention pond on the other side of the property. The property is located at 958 SMYER LAKE ROAD, LEEDS, AL 35094.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Hotel & Motel Accounting Firm Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Leeds
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.590863
    Latitude
    33.451358

    Nearby Similar for Sale

    • New
      $308,000
      3.70 Acres

      Leeds Church Building For Sale

      Well-maintained church with furnishings, remodeled basement, and expansion potential.
      503 Markeeta Rd, Leeds, AL 35094
      View Details
    • $2,250,000
      35,000 SF

      Leeds Industrial Space For Sale

      Versatile industrial property with office and living space.
      8591 Borden Ave, Leeds, AL 35094
      View Details
    • $249,900
      1.46 Acres

      Leeds Retail Opportunity For Sale

      Commercial property in the heart of Leeds with road frontage.
      7489 Parkway Dr, Leeds, AL 35094
      View Details
    • $2,499,000

      Renovated Downtown Leeds Apartment Building

      Eleven renovated units in downtown Leeds, Alabama, near amenities.
      1509 9Th St, Leeds, AL 35094
      View Details
    • $1,091,550
      1,004 SF

      Eight Single-Family Homes Portfolio

      Portfolio of eight single-family homes in suburban Birmingham, Alabama.
      7683 Georgia Ave, Leeds, AL 35094
      View Details
    • $325,000
      1.70 Acres

      Office Property in Leeds, AL

      Office property for sale in Leeds, Alabama.
      7485 Parkway Dr, Leeds, AL 35094
      View Details
    • Contact for pricing
      66,000 SF

      Retail Center Near I-20

      Retail center with high visibility and easy access off I-20.
      7480 Parkway Dr, Leeds, AL 35094
      View Details
    • Contact for pricing
      7,050 SF

      Leeds Commercial Building For Sale

      7,050 SF commercial building on 0.79 acres in Leeds.
      8435 1St Ave, Leeds, AL 35094
      View Details
    • $349,900
      2,227 SF

      Executive Office Building in Leeds, AL

      Prime Leeds location, renovated office space.
      7485 Parkway Dr, Leeds, AL 35094
      View Details
    • $334,900
      3.70 Acres

      Leeds Church & Event Space

      Versatile Property, 3.7 Acres, I-20 Access
      503 Markeeta Rd, Leeds, AL 35094
      View Details
    • $2,250,000

      Versatile Income-Generating Industrial Property

      Industrial space with tenant, office, and living quarters for sale.
      8591 Borden Ave, Leeds, AL 35094
      View Details
    • $299,900
      1.46 Acres

      Prime Leeds Retail Property

      1.46 Acres, High Visibility, Owner Financing
      7489 Parkway Dr, Leeds, AL 35094
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Private, gated acreage near shops, restaurants, and Smyer Lake.
    Where is this residential land & home lot located?
    The property is located at 958 Smyer Lake Rd Leeds, AL.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Almost 10 acres of unspoiled, heavily treed acreage.; - Located in a private, gated community (Smyer Lake).; - Waterfront property with lake access.
    (205) 427-5591
    Request Owner's contact information
    958 Smyer Lake Rd Leeds, AL 35094
    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.
    958 Smyer Lake Rd
    Leeds, AL 35094
    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
    958 Smyer Lake Rd Leeds, AL 35094
    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
    Carrie Lusk
    Real Estate License ID: 120572
    (205) 427-5591 (205) 397-6500 (205) 313-8500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!