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

    Coker Spur Rd, Red Bay, AL 35582

    View on Map
    Claim this Listing
    For Sale
    $300,300

    Vacant Land - Red Bay, AL

    Lot size:
    143.00 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    82
    Last Refresh:
    May 23 at 4:06 am

    Property Features for Coker Spur Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    0707350000004000
    Lot size
    143.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Dale Jeffreys

    Listing agent Dale Jeffreys

    Listing office National Land Realty, Tuscaloosa, AL 2809 8th Street, Tuscaloosa, AL

    Listing date Mar 2, 2026

    MLS# 11666362 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 130+ acres of plantation pine investment.
    • Good deer and turkey hunting potential.
    • Hardwood bottom with flowing creek for wildlife.
    • Good road circling half the property.
    • Timber is 7‑8 years old and growing nicely.
    • Reasonably priced hunting and investment property.

    Overview

    This property, located a few miles from downtown Red Bay, Alabama, features over 130 acres of plantation pine. A hardwood bottom with a flowing creek provides habitat for wildlife. The area is known for its deer and turkey populations. A road circles half the property, and trails extend into the timber, though some trails require grading near the hardwood bottom. Several areas are suitable for food plots. The timber appears to be approximately 7 to 8 years old and is growing. The property consists of 143 acres and is suitable for hunting and investment purposes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Red Bay
    County
    Franklin
    State
    Alabama
    Longitude
    -88.091301
    Latitude
    34.415678

    Nearby Similar for Sale

    • $500,000
      2,637 SF

      Established Restaurant in Red Bay

      Turnkey restaurant with loyal customer base and income potential.
      602 NE 4th St, Red Bay, AL 35582
      View Details
    • $225,000
      4,568 SF

      Commercial Building in Downtown Red Bay

      Commercial building with office, warehouse, and expansion potential.
      111 5th Ave SW, Red Bay, AL 35582
      View Details
    • $300,000
      4,568 SF

      Commercial Building with Historic Touch

      Spacious office and warehouse with expansion potential in downtown.
      111 5th Ave, Red Bay, AL 35582
      View Details
    • $445,500

      Red Bay Vacant Land Tract

      165 acre tract near downtown Red Bay, Alabama.
      0 Hwy 11, Tract 1, Red Bay, AL 35882
      View Details
    • $175,000
      1,970 SF

      Well-Built Brick Office Building

      Brick office building suitable for medical or general office use.
      513 3rd St, Red Bay, AL 35582
      View Details
    • $175,000
      1,970 SF

      Red Bay Office Building

      Well-built office building in Red Bay, Alabama.
      513 3rd St SW, Red Bay, AL 35582
      View Details
    • $275,000

      Red Bay Lakefront Land

      32 acres with private lake inside city limits.
      131 Bates Dr, Red Bay, AL 35582
      View Details
    • $197,877

      Red Bay Vacant Land

      71 acres of land near downtown Red Bay, Alabama.
      0 Hwy 11, Tract 3, Red Bay, AL 35582
      View Details
    • $415,000
      342 SF

      Red Bay Corner Commercial Property

      Functional commercial property with drive-thru in Red Bay, Alabama.
      305 SW 4th Ave, Red Bay, AL 35582
      View Details
    • $275,000

      Lakefront Land Inside City Limits

      30+ acres with private lake, city utilities available.
      131 Bates Dr, Red Bay, AL 35582
      View Details
    • $13,000

      Residential Land in Brookwood Subdivision

      0.64-acre sloped lot in Red Bay, Alabama.
      Whippoorwill Dr, Red Bay, AL 35582
      View Details

    FAQs

    What type of property is this?
    Hunting land - 143 acres of hunting and investment property near Red Bay.
    Where is this hunting land located?
    The property is located at Coker Spur Rd Red Bay, AL.
    What is the asking price?
    The asking price for this property is $300,300.
    What are key features of this property?
    This property features: 130+ acres of plantation pine investment.; Good deer and turkey hunting potential.; Hardwood bottom with flowing creek for wildlife.
    (205) 343-2110
    We can help!
    Listing Contact
    Dale Jeffreys
    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
    Coker Spur Rd, Red Bay, AL 35582
    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!