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    Highway Front Commercial Land Parcel Title is generated by Realmo AI

    11284 US HIGHWAY lot 0, Riverside, AL 35135

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    Claim this Listing
    For Sale
    $84,900

    LAND - RIVERSIDE, AL

    Lot size:
    0.60 Acres
    Added:
    Jun 13, 2025
    Days on Market:
    359
    Last Refresh:
    Jun 6 at 10:06 pm

    Property Features for 11284 US HIGHWAY lot 0

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    B3
    Standard status
    Active
    APN
    22-08-33-0-001-031.000
    Lot size
    0.60 Acres

    Taxes and HOA fees

    Tax Description
    COM INT S R/W HWY #78 & E BDRY LN SW 1/4 SE 1/4 SWLY ALG S R/W HWY #78 424' TO POB TH SE 200' NE 36' SE 187' SW ALG RR 86' NW 413' NE 50' ALG S R/W TO POB 33-16-4

    Utilities

    Water source
    Public

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    Listing Contact
    Maria Price

    Listing agent Maria Price

    Listing office ARC Realty Vestavia 4501 Pine Tree Circle Suite 150, Birmingham, AL

    Listing date Jun 13, 2025

    MLS# 21423637 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Lot on Highway 78 in Riverside, great for home or commercial use (subject to city regulations)
    • Utilities on‑site include public water and a power pole
    • Old septic tank present on the property; seller has no information about its condition
    • Home on the property was torn down; lot offers space for one‑to‑build (subject to city regulations)
    • Close to I- (interstate), restaurants, shopping, and a movie theatre/bowling alley
    • Minutes from lake access at the City of Riverside; close to Talladega Speedway and Barber Motorsports Park

    Overview

    This is a 0.6-acre land parcel in Riverside, Alabama, offered with B3 zoning. The property includes utilities and site items noted by the seller: water service on site, a power pole on the property, and an old septic tank. Seller indicates there is no information available regarding the condition of the existing septic tank. The listing also notes the former home on the property was torn down, leaving the lot suitable for redevelopment subject to city regulations.

    The lot is located on a busy highway (US Highway 78) in Riverside. The seller also describes the area as close to the interstate, restaurants, shopping, and a movie theater/bowling alley, and only minutes from lake access at the City of Riverside.

    Given the B3 zoning and highway exposure, the parcel may fit buyers looking to pursue either residential development or commercial use, subject to applicable city requirements. It is also listed as located within Pell City school system attendance areas, with each school to be verified with the school board. Prospective buyers should conduct due diligence on site utilities and any requirements related to the existing septic and redevelopment plans.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Riverside
    County
    St. Clair
    State
    Alabama
    Longitude
    -86.2091
    Latitude
    33.6149

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    FAQs

    What type of property is this?
    Residential land & home lot - B3-zoned lot off a busy highway, with water and power on site, suitable for residential or commercial plans subject to regulations.
    Where is this residential land & home lot located?
    The property is located at 11284 US HIGHWAY lot 0 Riverside, AL.
    What is the asking price?
    The asking price for this property is $84,900.
    What are key features of this property?
    This property features: Lot on Highway 78 in Riverside, great for home or commercial use (subject to city regulations); Utilities on‑site include public water and a power pole; Old septic tank present on the property; seller has no information about its condition
    (205) 812-4921
    We can help!
    Listing Contact
    Maria Price
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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.

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