Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Land with Boat Slip Title is generated by Realmo AI

    10775 Jim Busby N Road, Theodore, AL 36582

    View on Map
    Claim this Listing
    For Sale
    $149,000

    Waterfront land with 73 feet of frontage and boat slip.

    Type:Lots/Land
    Lot size:
    0.36 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    71
    Last Refresh:
    Apr 6 at 1:48 am

    Property Features for 10775 Jim Busby N Road

    General Information

    Standard status
    Active
    Lot size
    0.36 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Robert Hayes

    Listing agent Robert Hayes License #67922

    Listing office Berkshire Hathaway Cooper & Co

    Listing date Mar 24, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Berkshire Hathaway Cooper & Co

    HighLights

    • Panoramic views of Graham's Bayou with access to Fowl River and Mobile Bay.
    • Approximately 73 feet of waterfront and a boat slip.
    • Gentle slope provides good elevation for home placement.
    • Includes a double garage.
    • Ideal for fishing and boating enthusiasts.
    • Lot corners are marked with surveyor's stakes.

    Overview

    This waterfront land offers panoramic views of Graham's Bayou, providing access to upper Fowl River and Mobile Bay. The property includes approximately 73 feet of waterfront and a boat slip. The lot features a gentle slope towards the Bayou, offering good elevation for potential home construction. Surveyor's stakes mark the lot corners. Additionally, a double garage is present on the property. The intended use of the property is for fishing and boating.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Pharmacy Department Store Kitchen & Bath Showroom Food Market Grocery & Convenience Store Electrical Service Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Theodore
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1107709
    Latitude
    30.466804

    Nearby Similar for Sale

    • $1,600,000
      13,275 SF

      Office-Warehouse Facility in Theodore, AL

      Well-maintained office-warehouse with office and warehouse space for sale.
      3515 Hurricane Bay Drive, Theodore, AL 36582
      View Details
    • $170,000

      Theodore Duplex: Investment Opportunity

      Duplex with renovated units and income potential in Theodore, AL.
      6719 Belwood Drive W, Theodore, AL 36582
      View Details
    • $497,500

      Waterfront Lot on Dog River

      Exceptional 1.8-acre waterfront lot with 149 feet of frontage.
      2914 Riverview Pointe Drive S, Theodore, AL 36582
      View Details
    • $115,000

      Unrestricted Land in Theodore, AL

      5-acre wooded property with no zoning restrictions offers endless possibilities.
      0 Bellingrath Road, Theodore, AL 36582
      View Details
    • $250,000

      Land in Theodore, Alabama

      7.8 acres of land, ready for development near Dauphin Island.
      Laurendine Road, Theodore, AL 36582
      View Details
    • $40,000

      Theodore, AL Land Opportunity

      One acre of land in a growing Theodore area.
      Nan Gray Davis Road, Theodore, AL 36582
      View Details
    • $319,000

      Waterfront Land with Pier & Boathouse

      Waterfront property with deep water access, pier, and boathouse.
      0 S Windsor Road, Theodore, AL 36582
      View Details
    • $1,600,000
      13,275 SF

      Office-Warehouse Facility in Theodore, AL

      Office-warehouse facility featuring office and warehouse space.
      3515 Hurricane Bay Drive, Theodore, AL 36582
      View Details
    • $125,000

      Waterfront Homesite on Fowl River

      Spectacular waterfront homesite in gated community with boat launch.
      Palmetto Point, Theodore, AL 36582
      View Details
    • $435,000

      Former Auto Shop on Large Lot

      Automotive shop with living area on almost 3 acres.
      4520 Hamilton Boulevard, Theodore, AL 36582
      View Details
    • $115,000

      Secluded Wooded Land in Theodore

      Five-acre wooded property offering privacy and unrestricted use.
      Bellingrath Road, Theodore, AL 36582
      View Details
    • $2,000,000

      Commercial Land on Theodore Dawes

      3.74+/- acres at a busy intersection near Wal-Mart.
      7400 Theodore Dawes Road, Theodore, AL 36582
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront land with 73 feet of frontage and boat slip.
    Where is this waterfront land located?
    The property is located at 10775 Jim Busby N Road Theodore, AL.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: Panoramic views of Graham's Bayou with access to Fowl River and Mobile Bay.; Approximately 73 feet of waterfront and a boat slip.; Gentle slope provides good elevation for home placement.
    (251) 344-5925
    We can help!
    Listing Contact
    Robert Hayes
    Real Estate License ID: 67922
    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
    10775 Jim Busby N Road, Theodore, AL 36582
    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!