Sign Up Successful!
You now have access to more from Realmo!
    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

    Lock 6 Rd, Unit 70 Killen, AL 35645

    Sponsored
    For Sale
    $225,000

    LAND - Killen, AL

    Lot size:
    0.14 Acres
    Days on Market:
    105
    Last Refresh:
    Feb 2 at 5:06 am

    Property Features for Lock 6 Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1607250001041.002
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Private Sewer
    Water source
    Public
    Water front features
    Waterfront, River Front
    Water front
    1

    We can help!

    Listing Contact
    Melissa Bunnell

    Doublehead Realty & Prop Mgmt (256) 685-9267

    Listing agent Melissa Bunnell (256) 762-0387 License #85528

    Listing date Oct 21, 2025

    MLS# 21887033

    Copyright © 2026 ValleyMLS.Com,Inc. 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

    Land on Wilson Lake

    This 0.14-acre land is located near Wilson Lake in Killen, Alabama. Part of the Peninsula at Wilson Lake, a gated community, it offers a luxurious lifestyle with opportunities for respite and rejuvenation. The community features a state-of-the-art fitness center and a luxury pool. Residents can enjoy activities such as fishing, pickleball, and tennis, as well as relax at the clubhouse. The property is also located close to several renowned golf courses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Killen
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.53891729
    Latitude
    34.84584643

    Nearby Similar for Sale

    • New
      $349,900
      2,400 SF

      Commercial Property with Highway Access

      Commercial property in Killen, AL, with easy highway access.
      78 Commerce Way, Killen, AL 35645
      View Details
    • $1,200,000
      8,114 SF

      High-Traffic Hwy 72 Commercial Land

      15 Acres, 8,114 sqft, High Visibility
      2154 Highway 72, Killen, AL 35645
      View Details
    • $425,000
      3,379 SF

      2 treatment rooms

      5 restrooms
      6459 Highway 72, Killen, AL 35645
      View Details
    • $95,000
      800 SF

      Prime Killen Commercial Property

      800 sq ft, 0.82 acre lot, great potential
      4721 Co Rd, Killen, AL 35645
      View Details
    • $599,900
      1.69 Acres

      High-Visibility Commercial Land in Killen, AL

      Prime Highway 72 location, 1.69 acres, high traffic.
      5390 Highway 72, Killen, AL 35645
      View Details
    • $1,529,000
      3,712 SF

      Prime Hwy 72 Waterfront Commercial

      Lakefront Commercial Retreat, High Visibility
      91 Highway 72, Killen, AL 35645
      View Details
    • $689,000
      2,658 SF

      High-Visibility Killen Commercial Space

      Bank Vault, Drive-Thru, High Traffic
      1471 Highway 72, Killen, AL 35645
      View Details
    • $499,900
      1,892 SF

      Hwy 72 Commercial Property, 5 Acres

      High-traffic location, versatile commercial space.
      5852 Highway 72, Killen, AL 35645
      View Details

    FAQs

    What type of property is this?
    Recreation land - Land for sale near Wilson Lake in Killen, Alabama.
    Where is this recreation land located?
    The property is located at Lock 6 Rd, Unit 70 Killen, AL.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - Waterfront property on Wilson Lake; - Located in a gated community; - State-of-the-art fitness center for your convenience
    (256) 685-9267
    Request Owner's contact information
    Lock 6 Rd, Unit 70 Killen, AL 35645
    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.
    Lock 6 Rd, Unit 70
    Killen, AL 35645
    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
    Lock 6 Rd, Unit 70 Killen, AL 35645
    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
    Melissa Bunnell
    Real Estate License ID: 000085528
    (256) 685-9267
    Learn more
    Google sign-in failed. Please try again or use another login method.