Elkmont Land with Red Iron
For Sale
$124,900
1 Nelson Road, Elkmont, AL 35620
Land, Elkmont, AL
Property Size1,200 SF
Lot Size0.50 Acres
Price / SF$104.08
Days on Market245
Property Features for 1 Nelson Road
General Information
Property type
Land
Property subtype
Other
Subdivision
Metes And Bounds
Elementary school
Sugar Creek
Middle school
West Limestone
High school
West Limestone
Directions
Take Al Highway 99 Out Of Athens. Turn Right Onto Nelson Road. Property Is On The Right.
Standard status
Active
APN
0605160000016000
Size
1,200 SF
Lot size
0.50 Acres
Utilities
Sewer type
Septic Tank
Water source
Public
Listing Agency:
Smith Realty & Auction
(256) 444-0502
Listed By:
Cody Smith · License #110514
(256) 497-6689
Added: Feb 11
Changed: Sep 8
Last Checked: Oct 14 at 6:06AM
MLS# 21909640
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.
Investment Insights
Based on property information with market context.
This property features a 30x40 red iron building situated on a 0.5-acre lot. The site benefits from 120 feet of road frontage and includes a driveway, an electric meter, and a septic tank. The building itself contains a bathroom and a loft. There is ample space on the property to construct a house, offering the potential to convert the existing structure into a residential dwelling. The property is located in Elkmont, Alabama.
Key Highlights
- 30x40 red iron building with bathroom and loft
- 1/2 acre lot with 120' of road frontage
- Septic tank already installed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,034
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$120,680
$120.7K
Cap Rate 7%
$86,200
$86.2K
Cap Rate 9%
$67,044
$67.0K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$7.5K $6.24/SF
− Vacancy
−$389 −$0.32/SF
EGI
$7.1K $5.92/SF
− OpEx
−$1.1K −$0.89/SF
NOI
$6.0K $5.03/SF
Area
Limestone County, AL
Vacancy
5.20%
Lease Rate
$6.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$120,680
Cap Rate 7%
$86,200
Cap Rate 9%
$67,044
Alternative Uses
Best Use
Warehouse
$86.2K
$75.4K – $100.6K
NOI $6,034 @ 7.0% cap · market cap 4.83%
Second Best
Industrial
$68.0K
$59.5K – $79.4K
NOI $4,763 @ 7.0% cap · market cap 3.81%
Theoretical Best
Office A
$312.5K
$273.4K – $364.6K
NOI $21,874 @ 7.0% cap · market cap 17.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35620, AL
9,592
Population
4,358
Households
2.2
Avg Household Size
40
Median Age
14%
College-Educated
91%
High-School Grad
107.6 sq mi
ZIP Area
89
Density / Sq Mi
$82,511
Median Household Income
$46,907
Median Earnings
$903
Median Rent
$190,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Half-acre lot with building, utilities, and road frontage.
Where is this warehouse located?
The property is located at 1 Nelson Road Elkmont, AL.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 30x40 red iron building with bathroom and loft; 1/2 acre lot with 120' of road frontage; Septic tank already installed
