Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Arab, AL Title is generated by Realmo AI

    Summertree Way lot 3, Arab, AL 35016

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Arab, AL

    Lot size:
    0.55 Acres
    Added:
    Mar 17, 2026
    Days on Market:
    78
    Last Refresh:
    Jun 2 at 4:06 am

    Property Features for Summertree Way lot 3

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1404190000013.003
    Lot size
    0.55 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Ivan Croes

    Listing agent Ivan Croes License #102743

    Listing office Southern Elite Realty 384 Gunter Ave, AL

    Listing date Mar 17, 2026

    MLS# 21910786 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.

    HighLights

    • Ready to build lot, ideal for your dream home.
    • Located in Arab, AL.
    • Access to one of the best school systems in the State.
    • Lot requires little work.
    • Underground utilities already in place.
    • Public water source available.

    Overview

    This 0.55-acre lot is located in Arab, Alabama, and is suitable for building a home. It is located on Summertree Way. The property is located within one of the best school systems in the State. The lot requires little work and has underground utilities already in place.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Arab
    County
    Marshall
    State
    Alabama
    Longitude
    -86.4948
    Latitude
    34.3289

    Nearby Similar for Sale

    • $749,000
      6,500 SF

      Prime Commercial Opportunity in Arab

      6,500+/- sq ft commercial property in high-traffic Arab location.
      222 Brindlee Mountain Parkway N, Arab, AL 35016
      View Details
    • $975,000
      15,800 SF

      Commercial Property on Highway 69

      3.9 acres with showroom, offices, and large warehouse.
      10428 Al Hwy 69, Arab, AL 35016
      View Details
    • $423,000
      6,279 SF

      Renovated Warehouse and Office Space

      6,000+ sq ft warehouse/office near Highway 231, Arab, AL.
      1291 Eddy Scant City Road, Arab, AL 35016
      View Details
    • $450,000
      9,500 SF

      Versatile Commercial Property in Arab

      9500 sq ft commercial space with retail and warehouse.
      218 S Brindlee Mountain Parkway, Arab, AL 35016
      View Details
    • $545,000
      2,870 SF

      Commercial Building on Highway 69

      Investment opportunity: brick building on Highway 69, currently rented.
      205 Guntersville Road, Arab, AL 35019
      View Details
    • $259,000
      3,570 SF

      Commercial Building in Arab, Alabama

      Four-unit commercial building with road frontage in Arab, Alabama.
      401 4th Avenue, Arab, AL 35016
      View Details
    • $569,900
      4,350 SF

      Mixed-Use Property in Arab, AL

      Commercial property with residential units and high traffic visibility.
      619 Brindlee Mountain Parkway N, Arab, AL 35016
      View Details
    • $1,250,000
      20,445 SF

      Industrial/Office/Warehouse on Highway 231

      19,095 SF industrial/office/warehouse on 2.34 acres with high visibility.
      540 S Brindlee Mountain Parkway, Arab, AL 35016
      View Details
    • $199,900
      5,090 SF

      Commercial Property in Arab, AL

      Zoned neighborhood business with diverse potential uses.
      521 S Main Street, Arab, AL 35016
      View Details
    • $369,900

      Land For Sale Near Arab

      26.5 acre farm with ponds and road frontage.
      2859B Brashiers Chapel Road, Arab, AL 35016
      View Details
    • $775,000

      Prime Commercial Land in Arab

      5.05 acres with highway frontage and income potential.
      5.05 Acres Highway 231, Arab, AL 35016
      View Details
    • $625,000

      Land with Pond and Creek

      58.5 acres with pond, creek, and utilities in Arab.
      484 Naples Lane, Arab, AL 35016
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.55 acre lot ready for your dream home.
    Where is this residential land & home lot located?
    The property is located at Summertree Way lot 3 Arab, AL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Ready to build lot, ideal for your dream home.; Located in Arab, AL.; Access to one of the best school systems in the State.
    (256) 550-2520
    We can help!
    Listing Contact
    Ivan Croes
    Real Estate License ID: 102743
    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
    Summertree Way lot: 3, Arab, AL 35016
    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!