Add Listing
    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

    Montgomery Highway Centreville, AL 35042

    View on Map
    For Sale
    $190,000

    LAND - Centreville, AL

    Lot size:
    3.80 Acres
    Added:
    Apr 30, 2025
    Days on Market:
    337
    Last Refresh:
    Apr 1 at 11:06 am

    Property Features for Montgomery Highway

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1609304000014000
    Lot size
    3.80 Acres

    Taxes and HOA fees

    TaxDescription
    355 (S) x 480 (S) IRR 3.8 AC BEG AT SE COR OF NW/4 FO SE/4 TO POB LYING IN NW/4 OF SE/4 SEC30-T23N-R10E CENTREVILLE, AL

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Julie Holdsambeck

    Listing agent Julie Holdsambeck License #124818

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

    Listing date Apr 30, 2025

    MLS# 168772

    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

    Centreville, AL Land For Sale

    This 3.8-acre parcel of land is located in Centreville, Alabama. The property is flat and cleared, making it suitable for development. It is situated approximately 0.3 miles from Centreville Middle School, providing convenient access for residents. The property features about 350 feet of road frontage. Sewer and all utilities are available at the road. According to the listing, the location is ideal for multi-family housing.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Centreville
    County
    Bibb
    State
    Alabama
    Longitude
    -87.129942
    Latitude
    32.939819

    Nearby Similar for Sale

    • $525,000

      Centreville Farm with Creek and Home

      41-acre farm featuring a home, creek, and pastures.
      4150 Little Hope Road, Centreville, AL 35042
      View Details
    • $199,000

      Versatile Church Property in Centreville

      Church with potential for daycare, event venue, or community center.
      171 VALLEY STREET, CENTREVILLE, AL 35042
      View Details
    • $29,500

      Unrestricted Land in Bibb County

      2.52-acre property with utilities, ideal for custom builds.
      1830 PINE TREE ROAD, CENTREVILLE, AL 35042
      View Details
    • $960,000

      Centreville Timber & Hunting Land

      240+/- acres of prime hunting and timber investment land.
      000 Gary Springs Loop, Centreville, AL 35042
      View Details
    • $449,000

      Centreville Land with Highway Frontage

      Versatile 40-acre property with highway frontage and multiple access points.
      Highway 82, Centreville, AL 35042
      View Details
    • $77,500

      Centreville Land with Highway Frontage

      6.2 acres in Centreville, AL, with utilities available.
      00 MONTGOMERY HIGHWAY, CENTREVILLE, AL 35042
      View Details
    • $77,500

      Centreville Land on Highway 82

      6.2 acres on Highway 82, suitable for work/home.
      Montgomery Highway, Centreville, AL 35042
      View Details
    • $112,000

      Centreville Land with Water Features

      16.8 acres in Centreville with stream and pond.
      Magnolia Circle, Centreville, AL 35042
      View Details
    • $499,000

      93 Acres with Scenic Lake

      Land with lake, stream, timber, and development potential.
      0 Highway 82 East, Centreville, AL 35042
      View Details
    • $29,500

      Unrestricted Land in Centreville, AL

      2.52-acre property with utilities available, build to suit.
      1830 Pine Tree Road, Centreville, AL 35042
      View Details
    • $112,000

      Centreville Acreage with Utilities

      16.8 acres in Centreville, suitable for recreation or homesteading.
      0 MAGNOLIA CIRCLE, CENTREVILLE, AL 35042
      View Details
    • $190,000

      Centreville Land Parcel For Sale

      3.8 acre parcel suitable for multi-family housing development.
      0 MONTGOMERY HIGHWAY, CENTREVILLE, AL 35042
      View Details

    FAQs

    What type of property is this?
    Land - 3.8 acre parcel suitable for multi-family housing development.
    Where is this land located?
    The property is located at Montgomery Highway Centreville, AL.
    What is the asking price?
    The asking price for this property is $190,000.
    What are key features of this property?
    This property features: Prime location suitable for multi‑family housing development.; Walking distance (0.3 miles) to Centreville Middle School.; Safe and easy school access via a tunnel across Montgomery Highway.
    (205) 928-9376
    We can help!
    Listing Contact
    Julie Holdsambeck
    Real Estate License ID: 124818
    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!