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

    Reddock Hill Davis, Elba, AL 36323

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Elba, AL

    Lot size:
    1.27 Acres
    Added:
    Oct 24, 2025
    Days on Market:
    222
    Last Refresh:
    Jun 2 at 12:06 am

    Property Features for Reddock Hill Davis

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1105162000035001,1104171001044
    Lot size
    1.27 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public
    Water front features
    Waterfront

    We can help!

    Listing Contact
    Christine Donaldson

    Listing agent Christine Donaldson

    Listing office Coldwell Banker/Alfred Saliba 410 N. Shady Lane, AL

    Listing date Oct 24, 2025

    MLS# 205692 Listing URL

    Copyright © 2026 Southeast Alabama Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Combined 2.9 acres of land (1.27 acres + 1.63 acres).
    • Waterfront property.
    • Located on Reddock Hill and Davis.
    • Public water source.
    • Public sewer system.
    • Dream property with potential for various uses.

    Overview

    This property features two combined lots totaling 2.9 acres. The first lot is 1.27 acres and the second is 1.63 acres. The land is located on Reddock Hill and Davis in Elba, Alabama.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Elba
    County
    Coffee
    State
    Alabama
    Longitude
    -86.0574213
    Latitude
    31.410822

    Nearby Similar for Sale

    • $1,843,750

      295 Acres Recreational Land, Elba

      Prime recreational and investment land with highway and creek frontage.
      Hwy 84, Elba, AL 36323
      View Details
    • $265,000
      5,800 SF

      Move-in Ready Commercial Space

      Versatile 5,800 SF commercial property in high-visibility location.
      246 Factory Ave, Elba, AL 36330
      View Details
    • $38,500

      Elba, AL Vacant Land

      9+/- acre property on Troy Highway, Elba, AL.
      0 Troy Hwy., Elba, AL 36323
      View Details
    • $74,850

      Elba Land with Development Potential

      Spacious homesite with 8.7 acres of wooded land.
      1436 Claxton Avenue, Elba, AL 36323
      View Details
    • $104,900

      Undeveloped Land Near Hwy 84

      21 acres of untouched land near Elba, Alabama.
      0 Taylor Mill Rd, Elba, AL 36323
      View Details
    • $849,900

      Recreational Land with Custom Lodge

      113-acre property with lodge, mobile home, and barns.
      927 Hwy 166, Elba, AL 36323
      View Details
    • $100,000

      22 Acres with Three Ponds

      Land with three ponds, not in a flood zone.
      Gibson Street, Elba, AL 36323
      View Details
    • $203,500

      Elba, AL Vacant Land

      37 acre tract with timber investment and recreational potential.
      0 Tiger Drive, Elba, AL 36323
      View Details
    • $99,000

      Versatile Land Tract in Elba

      18-acre tract with timber, recreation, and investment potential.
      0 Taylor Mill Road, Elba, AL 36323
      View Details
    • $99,000

      18 Acres of Alabama Land

      18+/- acre tract perfect for recreation or hunting.
      1 Taylor Mill Road, Elba, AL 36323
      View Details
    • $429,000

      Prime Commercial Land on Hwy 84

      5.5-acre corner lot ideal for commercial development.
      Highway 84, Elba, AL 36323
      View Details
    • $4
      156,405 SF

      Spacious Warehouse with Flexible Options

      156,405 Sq. Ft. warehouse with adjacent 4-acre concrete slab.
      2251 Old Curtis Rd, Elba, AL 36323
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two combined lots totaling 2.9 acres in Elba, Alabama.
    Where is this commercial land located?
    The property is located at Reddock Hill Davis Elba, 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: Combined 2.9 acres of land (1.27 acres + 1.63 acres).; Waterfront property.; Located on Reddock Hill and Davis.
    (678) 234-7818
    We can help!
    Listing Contact
    Christine Donaldson
    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
    Reddock Hill, Davis, Elba, AL 36323
    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!