Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Oversized Lot in Arrowhead Subdivision Title is generated by Realmo AI

    101 Preserve Drive, Enterprise, AL 36330

    View on Map
    Claim this Listing
    For Sale
    $155,000

    LAND - Enterprise, AL

    Lot size:
    3.79 Acres
    Added:
    Dec 6, 2025
    Days on Market:
    177
    Last Refresh:
    Jun 1 at 9:06 pm

    Property Features for 101 Preserve Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    16-03-07-2-000-002.054
    Lot size
    3.79 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public
    Water front features
    Waterfront

    We can help!

    Listing Contact
    Hannah Winkelbauer
    Hannah Winkelbauer

    Listing agent Hannah Winkelbauer

    Listing office Wiregrass Home Team 179 Honeysuckle Road Suite 2, Dothan, AL

    Listing date Dec 6, 2025

    MLS# 206122 Listing URL

    Copyright © 2026 Southeast Alabama Association 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

    • Oversized cul‑de‑sac lot in desirable Arrowhead Subdivision.
    • Located within Enterprise city limits with easy commute to Fort Novosel.
    • Utilities (power, water, cable, natural gas) readily available for seamless building.
    • Relatively flat terrain with mature hardwoods creating a picturesque setting.
    • Close to local amenities, schools, and shopping.
    • Waterfront Features: Waterfront

    Overview

    This 3.79-acre residential lot is located within the Arrowhead Subdivision, inside Enterprise city limits. Situated on a cul-de-sac, the property offers ample space for a custom home and outdoor living. The terrain is relatively flat and features mature hardwoods, creating a picturesque setting. Utilities including power, water, cable, and natural gas are available. The location provides an easy commute to Fort Novosel and is conveniently close to local amenities, schools, and shopping. The property is located in Coffee County, Alabama.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Enterprise
    County
    Coffee
    State
    Alabama
    Longitude
    -85.890043
    Latitude
    31.3385462

    Nearby Similar for Sale

    • $249,500
      2,548 SF

      Downtown Enterprise Freestanding Office Building

      Freestanding office building in the heart of downtown Enterprise.
      114 S Conner Street, Enterprise, AL 36330
      View Details
    • $680,000
      9,600 SF

      Enterprise Commercial Investment Opportunity

      10-acre commercial property with income potential near Ft. Novosel.
      Rucker Blvd, Enterprise, AL 36330
      View Details
    • $199,000
      3,600 SF

      Enterprise Multifamily Investment Opportunity

      Four-unit multifamily property in Enterprise, Alabama, near Fort Rucker.
      118 Weeks Drive, Enterprise, AL 36330
      View Details
    • $199,900

      28 Acres Vacant Land

      28-acre property near Enterprise, Alabama, with pond and open fields.
      239 County Road 622, Enterprise, AL 36330
      View Details
    • $380,000
      4,328 SF

      Downtown Enterprise Mixed-Use Opportunity

      Redevelopment or renovation opportunity in a thriving downtown location.
      218 S Main St, Enterprise, AL 36330
      View Details
    • $250,000

      Enterprise, AL Land Opportunity

      4.28 acres of commercial land for sale.
      W Boll Weevil Circle, Enterprise, AL 36330
      View Details
    • $1,704,041
      6,747 SF

      Flowers Foods Net Leased Property

      Single tenant retail and distribution property with long-term lease.
      612 Glover Ave, Enterprise, AL
      View Details
    • $640,000
      7,890 SF

      Enterprise Industrial Building For Sale

      7,890 SF industrial building on 2.1 acres.
      304 Boll Weevil Cir, Enterprise, AL, Enterprise, AL 36330
      View Details
    • $1,025,000

      Enterprise Land Investment Opportunity

      72.75 acres of land suitable for commercial or residential development.
      72.75 Boll Weevil Circle, Enterprise, AL 36330
      View Details
    • Contact for pricing
      5,240 SF

      Modern Medical Office Shell Space

      First-generation medical office space in a Class A building.
      102 Jackson St, Enterprise, AL 36330
      View Details
    • $151,200

      Enterprise, AL Wooded Acreage

      18.9 acres of wooded land near Ft. Rucker.
      Freedom Drive, Enterprise, AL 36330
      View Details
    • $549,900

      Residential Land in Growing Corridor

      Residential acreage with subdivision potential near retail and business district.
      Windham/Becky Lane, Enterprise, AL 36330
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Spacious cul-de-sac lot for custom home in Enterprise, AL.
    Where is this residential land & home lot located?
    The property is located at 101 Preserve Drive Enterprise, AL.
    What is the asking price?
    The asking price for this property is $155,000.
    What are key features of this property?
    This property features: Oversized cul‑de‑sac lot in desirable Arrowhead Subdivision.; Located within Enterprise city limits with easy commute to Fort Novosel.; Utilities (power, water, cable, natural gas) readily available for seamless building.
    (920) 980-1769
    We can help!
    Listing Contact
    Hannah Winkelbauer
    Hannah Winkelbauer
    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
    101 Preserve Drive, Enterprise, AL 36330
    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!