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

    Million Dollar Lakes Vance, AL 35490

    View on Map
    For Sale
    Contact for pricing

    LAND - Vance, AL

    Lot size:
    1.28 Acres
    Added:
    Nov 24, 2025
    Days on Market:
    130
    Last Refresh:
    Apr 3 at 10:06 am

    Property Features for Million Dollar Lakes

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    24-04-20-0-008-002.000
    Lot size
    1.28 Acres

    We can help!

    Listing Contact
    Ken Williamson
    Ken Williamson

    Listing agent Ken Williamson License #000106611-0

    Listing office RE/MAX PREMIERE GROUP 1825 McFarland Blvd. N STE. 102, TUSCALOOSA, AL

    Listing date Nov 24, 2025

    MLS# 172114

    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

    Land Package in Vance, AL

    This offering comprises a package of three lots located in Million Dollar Lakes, Vance, Alabama. According to tax records, the lot on Parsons Drive is 0.49 acres, the North Shore Drive lot is 0.22 acres, and the Vicki Drive lot is 0.57 acres. The combined total lot size is approximately 1.28 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Vance
    County
    Tuscaloosa
    State
    Alabama
    Longitude
    -87.2495
    Latitude
    33.1829

    Nearby Similar for Sale

    • $36,000

      Three Residential Lots in Vance

      Three single-family lots totaling 1.21 acres in Vance, AL.
      27 MOUNTAIN VIEW LANE, VANCE, AL 35490
      View Details
    • $36,000

      Three Residential Lots in Vance

      Three single-family lots totaling 1.21 acres in Vance, Alabama.
      27 Mountain View Lane, Vance, AL 35490
      View Details
    • $130,000

      Land For Sale in Vance

      Commercial land available right off Hwy 11 in Vance, AL.
      Hwy 11, Vance, AL 35490
      View Details
    • $75,000

      Land on Highway 216

      3.33 acre corner lot suitable for residential development.
      Crisstown Road, Vance, AL 35490
      View Details
    • $17,500

      Residential Lot in Vance, AL

      Residential land for sale in Million Dollar Lakes Subdivision.
      Muriel Drive, Vance, AL 35490
      View Details
    • $295,000
      600 SF

      Vance, AL Wedding Venue Land

      Land with chapel and party spots near Birmingham and Tuscaloosa.
      16325 Highway 11 N, Vance, AL 35490
      View Details
    • $145,600

      20.8 Acres in Vance, AL

      20.8 acres of land suitable for building and livestock.
      SHORT TOWN ROAD, VANCE, AL 35490
      View Details
    • $27,000

      Residential Land in Vance, AL

      1.2 acre residential land suitable for building or mobile homes.
      Rock Castle Lane, Vance, AL 35490
      View Details
    • $170,171
      59,351 SF

      1.4 ACRE COMMERIAL LOT FOR SALE NEAR MERCEDES BENZ PLANTS (Will Walker Rd.)

      1.36-acre commercial lot in Vance, AL, near Mercedes-Benz.
      Will Walker Road, Vance, AL 35490
      View Details
    • $170,171
      59,351 SF

      1.4 ACRE COMMERIAL LOT FOR SALE NEAR MERCEDES BENZ PLANTS (Will Walker Rd.)

      1.36-acre commercial lot in Vance, AL, near Mercedes-Benz.
      Will Walker Road, Vance, AL 35490
      View Details
    • $2,999,500
      617,681 SF

      14.18-ACRE COMMERCIAL LAND CLOSE TO MERCEDES BENZ PLANT FOR SALE

      14.18 acres of commercial land near Mercedes-Benz in Vance, AL.
      11048 Will Walker Road, Vance, AL 35490
      View Details
    • $2,999,500
      617,681 SF

      14.18-ACRE COMMERCIAL LAND CLOSE TO MERCEDES BENZ PLANT FOR SALE

      14.18 acres of commercial land near Mercedes-Benz in Vance, AL.
      11048 Will Walker Road, Vance, AL 35490
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Three lots available as a package in Million Dollar Lakes.
    Where is this residential land & home lot located?
    The property is located at Million Dollar Lakes Vance, 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: Three lots available as a package; Located in Million Dollar Lakes; Parsons Dr Lot: **0.49 Acres**
    (205) 242-0542
    We can help!
    Listing Contact
    Ken Williamson
    Ken Williamson
    Real Estate License ID: 000106611-0
    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!