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

    Highway 84 Grove Hill, AL 36451

    View on Map
    Claim this Listing
    For Sale
    $89,900

    LAND - Grove Hill, AL

    Lot size:
    2.71 Acres
    Added:
    Aug 31, 2023
    Days on Market:
    973
    Last Refresh:
    Apr 29 at 8:06 pm

    Property Features for Highway 84

    General Information

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

    Taxes and HOA fees

    Tax Description
    5 parcels: lengthy, on file in office

    We can help!

    Listing Contact
    Kathy Brasell
    Kathy Brasell

    Listing agent Kathy Brasell License #0105943

    Listing office RE/MAX Tri-Star 1779 Taliaferro Trail, MONTGOMERY, AL

    Listing date Aug 31, 2023

    MLS# 545761 Listing URL

    Copyright © 2026 Montgomery Area Association of Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Grove Hill Land For Sale

    This 2.71-acre commercial land is located in Grove Hill, AL, along Highway 84 and Highway 43, offering high visibility. Prospective buyers are advised to verify zoning regulations and other relevant details to ensure compatibility with their intended use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Grove Hill
    County
    Clarke
    State
    Alabama
    Longitude
    -87.881582
    Latitude
    31.704509

    Nearby Similar for Sale

    • $60,000

      Commercial Land in Grove Hill

      1.43+/- acre commercial lot with great visibility.
      N Jackson Street, Grove Hill, AL 36451
      View Details
    • $318,947

      Grove Hill Vacant Land

      98 acre vacant land with diverse timber near Grove Hill.
      0 Ragtown Rd, Grove Hill, AL 36451
      View Details
    • $28,250

      Cleared Acreage in Grove Hill

      Cleared 1-acre lot ready for construction in Grove Hill, AL.
      Baugh Road, Grove Hill, AL 36451
      View Details
    • $15,000

      Grove Hill Industrial Lot Opportunity

      0.40 acres of industrial-zoned land in Grove Hill, Alabama.
      0 Oak Street, Grove Hill, AL 36451
      View Details
    • $25,000

      Residential Lot in Grove Hill

      0.84 acre residential lot, ready for your dream home.
      0 Pine Street, Grove Hill, AL 36451
      View Details
    • $94,500

      Grove Hill Land Opportunity

      21+/- acre mixed-use land near Highway 84 in Grove Hill.
      0 Old Saint Stephens Rd/Hurd Street, Grove Hill, AL 36451
      View Details
    • $15,000

      Cleared Lot in Grove Hill

      0.36-acre cleared lot ready for construction in Grove Hill, AL.
      5th Avenue, Grove Hill, AL 36451
      View Details
    • $15,000

      Grove Hill Vacant Land Opportunity

      0.36-acre lot with road frontage in Grove Hill, AL.
      5th Ave, Grove Hill, AL 36451
      View Details
    • $75,000

      Land in Grove Hill, AL

      Two level lots ready for business in Grove Hill, AL.
      171 N Jackson Street, Grove Hill, AL 36451
      View Details
    • $300,000
      369,389 SF

      8.48 Acres For Sale - Grove Hill, AL

      8.48-acre commercial land on US Highway 43, Grove Hill, AL.
      16400 US-43, Grove Hill, AL 36451
      View Details
    • $300,000
      369,389 SF

      8.48 Acres For Sale - Grove Hill, AL

      8.48-acre commercial land on US Highway 43, Grove Hill, AL.
      16400 US-43, Grove Hill, AL 36451
      View Details
    • $145,000

      Grove Hill Commercial Opportunity

      Two-part building: church meeting location and auto repair shop.
      160 N Jackson Street, Grove Hill, AL 36451
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.71 acres of commercial land with great visibility.
    Where is this commercial land located?
    The property is located at Highway 84 Grove Hill, AL.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: Prime location at the intersection of Hwy 84 and Hwy 43.; High visibility for business purposes.; Consists of 5 parcels.
    (334) 244-2400
    We can help!
    Listing Contact
    Kathy Brasell
    Kathy Brasell
    Real Estate License ID: 0105943
    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!