Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Lake Community Title is generated by Realmo AI

    Allison Drive lot 12, Mc Calla, AL 35111

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - McCalla, AL

    Lot size:
    0.52 Acres
    Added:
    Dec 13, 2025
    Days on Market:
    170
    Last Refresh:
    Jun 1 at 8:06 pm

    Property Features for Allison Drive lot 12

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    24-06-23-0-015-012.000
    Lot size
    0.52 Acres

    Taxes and HOA fees

    Tax Description
    Lot 12 In Blk 67 In Million Dollar Lake Subd Sector 16

    We can help!

    Listing Contact
    Alecia Price

    Listing agent Alecia Price

    Listing office EXP Realty - Central 100 Chase Park S #128, Birmingham, AL

    Listing date Dec 13, 2025

    MLS# 172331 Listing URL

    Copyright © 2026 West Alabama Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large .52‑acre lot in the desirable Million Dollar Lake community.
    • Access to nine lakes with a low annual HOA fee (optional participation).
    • Convenient location between Birmingham and Tuscaloosa with quick access to I‑20/59.
    • Close proximity to Ski Lake, Lake View Country Club, golf course, and community swimming pool.
    • 81 feet of road frontage on Allison Drive.
    • Opportunity for builders or investors with additional lots available.

    Overview

    This 0.52-acre lot is located in the Million Dollar Lake community on Allison Drive, offering 81 feet of road frontage. The property is situated minutes from the Ski Lake, Lake View Country Club, golf course, and community swimming pool. Homeowners have the option to access nine lakes for a low annual HOA fee. Additional lots are available nearby, presenting an opportunity for builders or investors to purchase lots individually or as a group. The location provides small-town charm with convenient access to I-20/59 between Birmingham and Tuscaloosa. This property is located in east Tuscaloosa County.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mc Calla
    County
    Jefferson
    State
    Alabama
    Longitude
    -87.13327
    Latitude
    33.277652

    Nearby Similar for Sale

    • $850,000
      4,000 SF

      Turnkey Antique Business with Land

      Retail property with expansion potential in a prime location.
      5941 OLD TUSCALOOSA HIGHWAY, MC CALLA, AL 35111
      View Details
    • $850,000

      Prime Land in McCalla, AL

      7-acre land with development potential near interstate and industrial park.
      8096 Old Tuscaloosa HWY, McCalla, AL 35111
      View Details
    • $454,900

      Commercial Office Building in McCalla

      Two-story office building with basement and recent updates.
      6021 MCASHAN DRIVE, MC CALLA, AL 35111
      View Details
    • $850,000
      4,000 SF

      Turnkey Antique Business with Land

      Retail warehouse with expansion potential near the interstate.
      5941 Old Tuscaloosa Highway, MC CALLA, AL 35111
      View Details
    • $82,500

      Versatile 1-Acre Lot

      Prime 1-acre lot suitable for commercial or residential use.
      Half Circle Drive, McCalla, AL 35111
      View Details
    • $10,000

      Land in Lakeview/McCalla Area

      Residential land for building or manufactured home in Lakeview/McCalla.
      MARSHALL Drive lot: 24, MCCALLA, AL 35111
      View Details
    • $14,000

      Residential Land in Lake Community

      0.46-acre lot in lake community near Birmingham and Tuscaloosa.
      Allison Drive lot: 6, McCalla, AL 35111
      View Details
    • $12,500

      McCalla Land Near Million Dollar Lake

      0.45-acre lot near lakes, golf, and I-20/59.
      Allison Drive lot: 4, McCalla, AL 35111
      View Details
    • $16,500

      Residential Land in Lake Community

      0.46-acre lot in Million Dollar Lake community.
      Allison Drive lot: 7, McCalla, AL 35111
      View Details
    • $70,500

      3.22 Acres Untouched Land

      Unrestricted 3.22-acre land in Tannehill/McCalla area.
      HERITAGE DRIVE, MCCALLA, AL 35111
      View Details
    • $454,900
      2,577 SF

      McCalla Commercial Office Building For Sale

      Commercial office building in McCalla with easy interstate access.
      6021 McAshan Drive, MC CALLA, AL 35111
      View Details
    • $42,900

      Versatile Land Parcel in McCalla

      7.7-acre commercial and agricultural property in a growing community.
      6010 Rock Mountain Lake Road, McCalla, AL 35111
      View Details

    FAQs

    What type of property is this?
    Land - 0.52-acre lot near lakes, golf, and pool.
    Where is this land located?
    The property is located at Allison Drive lot 12 Mc Calla, AL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Large .52‑acre lot in the desirable Million Dollar Lake community.; Access to nine lakes with a low annual HOA fee (optional participation).; Convenient location between Birmingham and Tuscaloosa with quick access to I‑20/59.
    (205) 292-4983
    We can help!
    Listing Contact
    Alecia Price
    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
    Allison Drive lot: 12, McCalla, AL 35111
    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!