Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lots in Troy, AL Title is generated by Realmo AI

    100 W Forest Ave, Troy, AL 36081

    View on Map
    Claim this Listing
    For Sale
    $37,500

    LAND - TROY, AL

    Lot size:
    0.36 Acres
    Added:
    Nov 23, 2025
    Days on Market:
    188
    Last Refresh:
    May 30 at 9:06 pm

    Property Features for 100 W Forest Ave

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.36 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Anthony Kilpatrick

    Listing agent Anthony Kilpatrick

    Listing office Cedar II Realty 901 S Brundidge Street, Troy, AL

    Listing date Nov 23, 2025

    MLS# 28189 Listing URL

    Copyright © 2026 Pike County Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two adjacent R1 single‑family residential lots.
    • Opportunity for building a personal residence.
    • Potential for expanding an investment portfolio.
    • Suitable for planning multiple home sites.
    • Public water source available.
    • Public sewer system available.

    Overview

    Two R1 single-family residential lots are available for purchase on Forest Ave in Troy, AL. These side-by-side parcels offer flexibility for building a personal residence, expanding a portfolio, or planning multiple home sites. The lot size is 0.36 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Pike
    State
    Alabama
    Longitude
    -85.9434287
    Latitude
    31.7931551

    Nearby Similar for Sale

    • $195,500
      1,425 SF

      Office/Residential Property in Troy, AL

      Versatile commercial property with potential for office or residential use.
      2366 AL Hwy 87, Troy, AL 36079
      View Details
    • $599,000
      7,504 SF

      Troy Commercial Corner Property

      Highly visible commercial property on 2+/- acres in Troy.
      101 Corner of Three Notch N and W Fairview St., Troy, AL 36081
      View Details
    • $399,000
      7,200 SF

      Troy Commercial Building For Sale

      7,200 sq ft commercial building in the heart of Troy.
      210 S Three Notch Street, Troy, AL 36081
      View Details
    • $600,000
      8,000 SF

      Industrial Land in Troy, AL

      10.47 acres, fenced, with storage and easy highway access.
      727 Hudson Street, TROY, AL 36079
      View Details
    • $2,200,000

      Retail Property with Development Potential

      Retail property on 14 acres with development potential in Troy.
      1319 S. Brundidge St, Troy, AL 36081
      View Details
    • $440,000
      3,155 SF

      Troy Commercial Property For Sale

      Commercial property with home and office/warehouse buildings on 1 acre.
      303 Corman Ave, Troy, AL 36081
      View Details
    • $375,000
      2,004 SF

      Troy Commercial Space For Sale

      Commercial space suitable for medical or office use in Troy.
      101 Hunters Mountain Pkwy, Troy, AL 36079
      View Details
    • $175,000
      4,530 SF

      Troy Commercial Property For Sale

      Commercial property in Troy, Alabama, suitable for various businesses.
      2006 N. Three Notch St., Troy, AL 36081
      View Details
    • $299,000
      1,851 SF

      Troy Commercial Property with Home

      Commercial property with renovated home and additional rental opportunity.
      12334 US Hwy 231 South, Troy, AL 36081
      View Details
    • $399,000

      Prime Land on US Hwy 231

      20-acre commercial land with frontage on US Hwy 231.
      Highway 231, TROY, AL 36079
      View Details
    • $295,000
      19,800 SF

      Established Day Care Business Opportunity

      Day care business with building, equipment, and inventory for sale.
      409 North Three Notch Street, Troy, AL 36081
      View Details
    • $299,900

      Prime Commercial Land on Hwy 231

      3.6-acre commercial lot on Highway 231 in Troy, Alabama.
      US Hwy 231, troy, AL 36081
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two R1 residential lots available for purchase.
    Where is this residential land & home lot located?
    The property is located at 100 W Forest Ave Troy, AL.
    What is the asking price?
    The asking price for this property is $37,500.
    What are key features of this property?
    This property features: Two adjacent R1 single‑family residential lots.; Opportunity for building a personal residence.; Potential for expanding an investment portfolio.
    (334) 372-7958
    We can help!
    Listing Contact
    Anthony Kilpatrick
    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
    100 W Forest Ave, TROY, AL 36081
    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!