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

    20.90 ac County Road 361 Pisgah, AL 35765

    View on Map
    Claim this Listing
    New
    For Sale
    $168,000

    LAND - Pisgah, AL

    Lot size:
    20.90 Acres
    Added:
    Apr 18, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 19 at 4:06 am

    Property Features for 20.90 ac County Road 361

    General Information

    Property type
    Land
    Property subtype
    Other
    Fencing
    Fenced
    Standard status
    Active
    Lot size
    20.90 Acres

    Utilities

    Water source
    Public
    Water front features
    Creek

    We can help!

    Listing Contact
    Bo Butler

    Listing agent Bo Butler License #107051

    Listing office Southland Realty & Auction LLC 524 Veterans Drive, Scottsboro, AL

    Listing date Apr 18, 2026

    MLS# 21915560 Listing URL

    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.

    Overview

    20.9 Acres Near Rosalie

    This is a 20.90-acre property located near Rosalie. It features a 30' deeded easement for ingress, egress, and utilities. The land offers potential home sites in wooded or open pasture areas. Over half of the property is wooded, with the remaining portion consisting of open pasture. The entire property is fenced and currently used for cattle. The land includes mixed hardwoods and pines, along with Pine Branch, a shallow rock bottom creek. A road system is present within the property. The terrain is relatively flat with a gentle slope in places. Power and water are located nearby at the neighbor's property.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Pisgah
    County
    Jackson
    State
    Alabama
    Longitude
    -85.8103
    Latitude
    34.6961

    Nearby Similar for Sale

    • $420,000
      3,243 SF

      Commercial Property in Pisgah, AL

      Commercial property for sale in Pisgah, Alabama, 3243 square feet.
      2399 County Road 58, Pisgah, AL 35765
      View Details
    • $174,000

      Unrestricted Land in Pisgah, AL

      18.32+/- acres of unrestricted, level, and fenced land.
      1462 County Road 407, Pisgah, AL 35765
      View Details
    • $60,000

      Residential Lot in Gorham's Bluff

      Level lot with bluff and lake views in Pisgah, AL.
      10 Gorham Drive, Pisgah, AL 35765
      View Details
    • $75,000

      Land in Gorham's Bluff

      Residential land with bluff and lake views, near lodge/inn.
      Main Street lot: 302, Pisgah, AL 35765
      View Details
    • $50,000

      Land with Bluff and Lake Views

      Residential land in a traditional neighborhood with amenities.
      Main Street lot: 45, Pisgah, AL 35765
      View Details
    • $55,000

      Land with Creek in Pisgah

      4-acre land with creek, utilities available, ready to build.
      4 acres County Road 346, Pisgah, AL 35765
      View Details
    • $125,000

      18 Acres Wooded Land, Stream

      18 acres of wooded land with stream in Pisgah, AL.
      18 acres County Road 359, Pisgah, AL 35765
      View Details
    • $50,000

      Residential Land in Pisgah, AL

      Land with bluff and lake views in Pisgah, Alabama.
      Laurel Street lot: 21, Pisgah, AL 35765
      View Details
    • $110,000

      Residential Lot with Sunset Views

      Level lot in Gorham's Bluff with sunset views.
      Woolum Street lot: 87, Pisgah, AL 35765
      View Details
    • $420,000

      Land For Sale

      Commercial land available for sale.
      2399 County Road 58, Pisgah, AL 35765
      View Details
    • $180,000

      Unrestricted Land Ready for Development

      18.32 acres of unrestricted, level, and fenced land.
      1462 County Road 407, Pisgah, AL 35765
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 20.9 acres with easement, pasture, woods, creek, fenced.
    Where is this agricultural land / farmland located?
    The property is located at 20.90 ac County Road 361 Pisgah, AL.
    What is the asking price?
    The asking price for this property is $168,000.
    What are key features of this property?
    This property features: 20.90 acres of land close to Rosalie.; Combination of wooded area and open pasture.; Fenced property suitable for livestock (currently has cattle).
    (256) 609-0512
    We can help!
    Listing Contact
    Bo Butler
    Real Estate License ID: 107051
    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!