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    167 Judge Greene Place Rd, Lot 42 Greensboro, AL 36744

    Sponsored
    Source: https://www.saltercompany.com
    For Sale
    $30,900

    5 Acre Lot with River Access For Sale | Owner Financing Available!

    Property size:
    218,737 SF

    Description

    Added:
    Feb 19, 2025
    Days on Market:
    340
    Greensboro, AL - OWNER FINANCE at 20% DOWN!! This parcel does not front water...it is at the end of the slough, the water rises into this end piece of Judge Greene, but you're not going to see the water except when the water rises into the slough. Not navigable. But you will own a 50' parcel on Black Warrior River when you purchase this piece of property. This enchanting 5.02-acre property, priced at just $30,900 in Judge Greene Place Subdivision, is your key to an extraordinary lifestyle.

    NEED MORE LAND? Additional lots are available! See photos or documents for lot pricing!

    This Subdivision is a peaceful gated community along the BLACK WARRIOR RIVER that offers a world of leisure and recreation with an array of amenities at your doorstep. With a common area boat launch, enjoy water sports and activities on the beautiful river and sloughs famous for Bass and Crappie fishing as well as recreational boating. Ideally positioned just 5 miles from the upcoming West AL Highway that is expected to bring economic opportunity to the area!

    Embrace a quiet rural setting with the convenience of expedited travel and modern amenities within easy reach. Convenient shopping, attractions, and entertainment will become easily accessible with this highway's completion. Connecting Mobile to Tuscaloosa at a projected 70-mph speed limit, this 4-lane highway will make Tuscaloosa just a 30-minute drive away and puts the stunning beaches along the Gulf Coast in South Alabama within a 3 hour drive from Judge Greene. Water fun extends to Lake Demopolis. The onsite boat ramp allows you to launch your boat and follow the water connection to the inter-coastal waterway at the Gulf of Mexico. The subdivision is located close to Lock 5 State Park and close to Alabama's Barnett Lawley Forever Wild Field Trial area.

    Beautiful homes are already built in the area. Annual dues are $400.00 per year. Please see the plat of Judge Greene Place and the lot pricing included in the documents.

    Note: 11066 COUNTY ROAD 16 is for use as the GPS location. An appointment is required to view the property.

    Property Features for 167 Judge Greene Place Rd, Lot 42

    General Information

    Property type
    Other land
    Square Feet
    218,737 SF
    Price / Square Foot
    $0.14
    Elevators
    N/A
    Lot Size
    218,671 SF

    We can help!

    Listing Contact
    Paul Salter

    Learn more

    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Greensboro
    State
    Alabama

    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - 5 Acre Lot with River Access For Sale | Owner Financing Available!
    Where is this land located?
    The property is located at 167 Judge Greene Place Rd, Lot 42 Greensboro, AL.
    What is the asking price?
    The asking price for this property is $30,900.
    (251) 368-1063
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    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
    167 Judge Greene Place Rd, Lot 42 Greensboro, AL 36744
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    We can help!
    Listing Contact
    Paul Salter
    (251) 368-1063
    Learn more
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