Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Expansive Homesites in Auburn, AL Title is generated by Realmo AI

    1020 HANSON FARMS Drive, Auburn, AL 36830

    View on Map
    Claim this Listing
    New
    For Sale
    $220,500

    LAND - AUBURN, AL

    Lot size:
    4.43 Acres
    Added:
    May 28, 2026
    Days on Market:
    7
    Last Refresh:
    Jun 3 at 12:06 pm

    Property Features for 1020 HANSON FARMS Drive

    General Information

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

    We can help!

    Listing Contact
    JENIFER LOVVORN
    JENIFER LOVVORN

    Listing agent JENIFER LOVVORN License #103594

    Listing office JL REAL ESTATE GROUP 325 LEE ROAD 672, AUBURN, AL

    Listing date May 28, 2026

    MLS# 180701 Listing URL

    Copyright © 2026 Lee County 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

    • 3+ acre lots offer space for a mini farm or self‑sustaining retreat.
    • Custom‑built homes tailored to individual wants and needs.
    • Located within Auburn City Limits, providing convenient access to amenities.
    • Option to combine lots for even more acreage.
    • Shared pond for fishing and relaxation.
    • New development by Michael Allen Homes.

    Overview

    Hanson Farms is a new development offering expansive homesites with lots of 3+ acres. Located within Auburn City Limits, it provides a balance of rural tranquility and convenient access to city amenities. The setting is suitable for those envisioning a mini farm or a self-sustaining retreat. The shared pond offers opportunities for fishing and relaxation. Lots can be combined to create larger properties.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Auburn
    County
    Lee
    State
    Alabama
    Longitude
    -85.561679
    Latitude
    32.587059

    Nearby Similar for Sale

    • $950,000
      1,576 SF

      Auburn Commercial Property: High-Growth Corridor

      Prime investment opportunity in Auburn's rapidly developing area.
      236 LAKE Street, AUBURN, AL 36832
      View Details
    • $850,000
      1,364 SF

      Auburn Commercial Investment Opportunity

      Prime commercial land in high-growth Auburn corridor, zoned CDD.
      246 LAKE Street, AUBURN, AL 36832
      View Details
    • $775,000
      4,360 SF

      Versatile Auburn Office Building

      Office building with residential space and potential for multiple tenants.
      525 AIRPORT Road, AUBURN, AL 36830
      View Details
    • $2,300,000
      8,108 SF

      Auburn Multifamily Investment Opportunity

      Well-maintained 8-unit apartment complex near Auburn University.
      1500 E GLENN Avenue, AUBURN, AL 36830
      View Details
    • $895,000

      Prime Commercial Lot in Auburn

      3+ acre commercial lot near downtown Auburn and Tiger Town.
      1830 E GLENN Avenue, AUBURN, AL 36830
      View Details
    • $310,000
      1,863 SF

      Auburn Duplex: Investment Opportunity

      Duplex in prime location with strong rental history.
      949/951 TISDALE Circle, AUBURN, AL 33680
      View Details
    • $350,000

      Residential Land in Premier Community

      Spacious 0.56 acre homesite in Auburn's Summerlin development.
      815 SUMMERLIN Circle, AUBURN, AL 36830
      View Details
    • $300,000
      2,864 SF

      Auburn Multifamily Investment Opportunity

      Investment property near Auburn University with redevelopment potential.
      907 OLD MILL Road, AUBURN, AL 36830
      View Details
    • $800,000
      4,876 SF

      Prime Retail/Flex Space Opportunity

      Highly visible retail/flex space in a rapidly growing market.
      1848 OPELIKA Road, Auburn, AL 36830
      View Details
    • $1,500,000

      Auburn Commercial Land Opportunity

      4 acre commercial parcel in high-growth Auburn location.
      US HIGHWAY 280, AUBURN, AL 36830
      View Details
    • $475,000
      1,700 SF

      Auburn Commercial Corner Lot

      Corner lot with remodeled interiors and high traffic visibility.
      4760 HEATH Road, AUBURN, AL 36830
      View Details
    • $299,000

      Wooded Land Near Auburn University

      0.7 acres of wooded land near Auburn University.
      1020 MARTIN LUTHER KING Drive, AUBURN, AL 36832
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - New development with large lots for custom-built homes.
    Where is this residential land & home lot located?
    The property is located at 1020 HANSON FARMS Drive Auburn, AL.
    What is the asking price?
    The asking price for this property is $220,500.
    What are key features of this property?
    This property features: 3+ acre lots offer space for a mini farm or self‑sustaining retreat.; Custom‑built homes tailored to individual wants and needs.; Located within Auburn City Limits, providing convenient access to amenities.
    (334) 707-1126
    We can help!
    Listing Contact
    JENIFER LOVVORN
    JENIFER LOVVORN
    Real Estate License ID: 103594
    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
    1020 HANSON FARMS Drive, AUBURN, AL 36830
    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!