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

    Allison Drive lot 7 Mc Calla, AL 35111

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - McCalla, AL

    Lot size:
    0.46 Acres
    Added:
    Nov 7, 2025
    Days on Market:
    161
    Last Refresh:
    Apr 17 at 3:06 pm

    Property Features for Allison Drive lot 7

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    24-06-23-0-014-070.000
    Lot size
    0.46 Acres

    Taxes and HOA fees

    Tax Description
    Lot 7 in BLK 71 in Million Dollar Lake SUBD Sector 16

    Utilities

    Water source
    Public

    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 Nov 7, 2025

    MLS# 171877 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.

    Overview

    Residential Land in Lake Community

    This 0.46-acre lot is located in the Million Dollar Lake community on Allison Drive, offering 91 feet of road frontage and backing up to Highway 216. 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 individually or as a group. The location provides small-town charm with convenient access to Birmingham and Tuscaloosa via I-20/59. This property is located in east Tuscaloosa County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Mc Calla
    County
    Jefferson
    State
    Alabama
    Longitude
    -87.134208
    Latitude
    33.278714

    Nearby Similar for Sale

    • $850,000

      Turnkey Antique Business with Land

      Retail property with expansion potential in a prime location.
      5941 OLD TUSCALOOSA HIGHWAY, MC CALLA, 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
    • $42,900

      Versatile Land Parcel in McCalla

      7.7-acre commercial, residential, or agricultural land near Birmingham.
      6010 Rock Mountain Lake Road, 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
    • $297,000

      51 Acres of Vacant Land

      51-acre property with homesite potential, recreation, and development opportunity.
      0 Calhoun Road, 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
    • $32,500

      Half-Acre Lot in McCalla

      Residential land for sale in Tuscaloosa County, Alabama.
      22213 Sandra Lane, McCalla, AL 35111
      View Details
    • $31,500

      Land in McCalla, Alabama

      Residential land suitable for mobile or single-family home.
      13495 GILBERT TOMMIE RD., McCalla, 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
    • $5,000

      Residential Land in McCalla, AL

      Homesite in a sought-after community, ideal for building your dream.
      Jerry Drive, McCalla, AL 35111
      View Details
    • $39,000

      Residential Lot in McCalla, AL

      Over one acre residential lot with mountain views.
      5010 CREEK BLUFF, MCCALLA, AL 35111
      View Details

    FAQs

    What type of property is this?
    Land - 0.46-acre lot in Million Dollar Lake community.
    Where is this land located?
    The property is located at Allison Drive lot 7 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: Located in the desirable Million Dollar Lake community.; .45‑acre lot with **91 feet of road frontage.**; Access to nine lakes available with HOA participation.
    (205) 292-4983
    We can help!
    Listing Contact
    Alecia Price
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!