Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Laceys Spring Commercial Land Title is generated by Realmo AI

    01 Highway 231, Laceys Spring, AL 35754

    View on Map
    Claim this Listing
    For Sale
    $249,000

    COMMERCIAL - Laceys Spring, AL

    Lot size:
    1.61 Acres
    Added:
    Jan 6, 2026
    Days on Market:
    123
    Last Refresh:
    May 9 at 3:06 pm

    Property Features for 01 Highway 231

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0809310001001000.
    Lot size
    1.61 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Brenda King

    Listing agent Brenda King License #97861

    Listing office Re/Max Heritage 74 N Main St, Arab, AL

    Listing date Jan 6, 2026

    MLS# 1833341 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

    • Excellent location in the heart of Morgan City.
    • High traffic count and visibility.
    • Ideal for new development projects.
    • Minimal site preparation needed.
    • Established look with mature trees.
    • Convenient access to Huntsville, Arab, Decatur, and Somerville.

    Overview

    This 1.61-acre commercial land is located in the heart of Morgan City and offers high visibility and traffic count. The property is ideally situated with convenient access to Huntsville, Arab, Decatur, and Somerville. The site requires minimal preparation for new construction and features mature trees.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Spa & Massage Center Building Supply Auto Repair Shop Hair Salon Big Box & Wholesale Store Nail Salon Hotel & Motel Auto Parts Store Food Market HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Laceys Spring
    County
    Morgan
    State
    Alabama
    Longitude
    -86.578852
    Latitude
    34.562754

    Nearby Similar for Sale

    • $74,900

      Laceys Spring Buildable Lots

      Six buildable lots in scenic Lacey's Spring, Alabama.
      125 Riverdale Drive, Laceys Spring, AL 35754
      View Details
    • $500,000

      Riverfront Land with Mountain Views

      Acreage with river frontage and mountain views in Laceys Spring.
      11 Mccutcheon Loop Road, Laceys Spring, AL 35754
      View Details
    • $415,000

      Land with Serene Mountain Views

      Land with mountain views, soon to be annexed into Huntsville.
      1026 Mccutcheon Loop Road, Laceys Spring, AL 35754
      View Details
    • $415,000

      Land with Mountain Views

      Spacious land near Huntsville with mountain views and development potential.
      1056 Mccutcheon Loop Road, Laceys Spring, AL 35754
      View Details
    • $160,000
      1,600 SF

      Auto Shop with Bay Doors

      1600 SF auto shop with three bay doors.
      3884 Highway 231, Laceys Spring, AL 35754
      View Details
    • $150,000

      Land with Serene Mountain Views

      Spacious land near Huntsville with mountain views and development potential.
      803 Mccutcheon Loop Road, Laceys Spring, AL 35754
      View Details
    • $175,000

      Land with Mountain Views

      Spacious land in Laceys Spring with serene mountain views.
      1122 Mccutcheon Loop Road, Laceys Spring, AL 35754
      View Details
    • $150,000

      Land with Mountain Views

      Spacious land near Huntsville with serene mountain views.
      715 Mccutcheon Loop Road, Laceys Spring, AL 35754
      View Details
    • $150,000

      Land with Mountain Views

      Land in Laceys Spring, AL, soon to be annexed into Huntsville.
      15 Mccutcheon Loop Road, Laceys Spring, AL 35754
      View Details
    • $150,000

      Land in Laceys Spring, AL

      Land with mountain views, soon to be annexed into Huntsville.
      741 Mccutcheon Loop Road, Laceys Spring, AL 35754
      View Details
    • $192,750

      Land in Laceys Spring, AL

      7.71 acres of land soon to be annexed into Huntsville.
      105 Vaughn Road, Laceys Spring, AL 35754
      View Details
    • $198,000

      Riverfront Land with Mountain Views

      Acreage with river frontage and mountain views for serene living.
      1263 Mccutcheon Loop Road, Laceys Spring, AL 35754
      View Details

    FAQs

    What type of property is this?
    Commercial land - Ideal commercial land with high visibility and traffic count.
    Where is this commercial land located?
    The property is located at 01 Highway 231 Laceys Spring, AL.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Excellent location in the heart of Morgan City.; High traffic count and visibility.; Ideal for new development projects.
    (256) 550-2101
    We can help!
    Listing Contact
    Brenda King
    Real Estate License ID: 97861
    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

    Thank You for Inquiry
    01 Highway 231, Laceys Spring, AL 35754
    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!