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    Smith Gap Rd Fort Payne, AL 35968

    View on Map
    Sponsored
    For Sale
    $339,000

    Vacant Land - Fort Payne, AL

    Lot size:
    51.00 Acres
    Days on Market:
    5
    Last Refresh:
    Mar 10 at 4:06 pm

    Property Features for Smith Gap Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1405160000007.003, 1405160000009.001
    Parking features
    Garage
    Lot size
    51.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ben Shurett

    National Land Realty, Mentone, AL (855) 384-5263

    Listing agent Ben Shurett (855) 384-5263

    Listing date Mar 5, 2026

    MLS# 11544739 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.

    Learn more

    Property Insight Report

    Overview

    51 Acres of Untouched Land

    Located at the intersection of Highway 11 and Alabama State Route 85, this 51-acre property is one minute from Interstate 59 in Fort Payne, DeKalb County. The historic tract has been held in the same family for over 100 years and features untouched old-growth hardwood timber that has not been logged in more than a century. The gently rolling terrain supports abundant wildlife, including whitetail deer and wild turkey, making it suitable for hunting land, a private estate, or a recreational retreat. A newly constructed interior roadbed provides access throughout the property, with paved frontage already in place. A cleared ridgetop homesite captures panoramic sunrise and moonrise views overlooking Lookout Mountain. A wet-weather spring offers potential for a future pond. The property is 8 minutes to downtown Fort Payne, under 30 minutes to Mentone, and less than two hours to Huntsville or Birmingham. Chattanooga and Gadsden are both within an hour.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Fort Payne
    County
    DeKalb
    State
    Alabama
    Longitude
    -85.702745
    Latitude
    34.515722

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    FAQs

    What type of property is this?
    Hunting land - Historic Fort Payne acreage with old-growth timber and mountain views.
    Where is this hunting land located?
    The property is located at Smith Gap Rd Fort Payne, AL.
    What is the asking price?
    The asking price for this property is $339,000.
    What are key features of this property?
    This property features: - 51± acres of untouched old-growth hardwood timber, held by the same family for over 100 years.; - Conveniently located one minute from Interstate 59 and 8 minutes to downtown Fort Payne, with easy access to Huntsville, Birmingham, Chattanooga and Gadsden.; - **Cleared ridgetop homesite with panoramic sunrise and moonrise views overlooking Lookout Mountain.**
    (256) 997-7922
    Request Owner's contact information
    Smith Gap Rd Fort Payne, AL 35968
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    Fort Payne, AL 35968
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    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
    Smith Gap Rd Fort Payne, AL 35968
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    We can help!
    Listing Contact
    Ben Shurett
    (256) 997-7922 (205) 343-2110 (855) 384-5263
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