Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lakefront Residential Land Title is generated by Realmo AI

    121 W LAKESHORE DRIVE lot 3A & 3B, Oneonta, AL 35121

    View on Map
    Claim this Listing
    For Sale
    $139,900

    LAND - ONEONTA, AL

    Lot size:
    1.32 Acres
    Added:
    Oct 27, 2022
    Days on Market:
    1318
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for 121 W LAKESHORE DRIVE lot 3A & 3B

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RESIDENTIAL
    Standard status
    Active
    APN
    19-05-15-0-002-051.000
    Lot size
    1.32 Acres

    Taxes and HOA fees

    Tax Description
    LOTS 3-A & 3-B OF TRACT 3 HIGHLAND LAKE SECTOR 7 SD PB 2/33

    Utilities

    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Lyn Berry
    Lyn Berry

    Listing agent Lyn Berry License #127757

    Listing office Keller Williams Realty Hoover 1021 Brocks Gap Parkway Suite, Birmingham, AL

    Listing date Oct 27, 2022

    MLS# 1337572 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

    • 224 feet of lakefront property on Highland Lake
    • Water source: public
    • Ideal for building a forever home or a getaway spot

    Overview

    This offering is a residentially zoned waterfront land parcel totaling approximately 1.32 acres, identified as lot 3A & 3B. The property features approximately 224 feet of lakefront on Highland Lake, providing an extensive shoreline for a future home or secondary getaway residence.

    Located in Oneonta, Alabama within Blount County, the land is listed at 121 W Lakeshore Drive. As a lakefront tract, the parcel’s primary attribute is its relationship to the water and the buildable setting along the shoreline.

    The property is well suited for buyers seeking a private residential site with direct lake frontage. With its substantial shoreline depth and residential zoning, it offers flexibility for designing a custom residence that takes advantage of the waterfront setting. Prospective buyers can evaluate the lot’s configuration, shoreline placement, and any site-specific development considerations as they plan their build.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Hair Salon Pharmacy Bakery Cosmetic Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Oneonta
    County
    Blount
    State
    Alabama
    Longitude
    -86.417593
    Latitude
    33.899327

    Nearby Similar for Sale

    • $1,900,000
      12,000 SF

      Golf Course & Event Venue

      129-acre golf course and event venue in Oneonta, Alabama.
      1364 HERITAGE ROAD, ONEONTA, AL 35121
      View Details
    • $475,000
      6,000 SF

      Mixed-Use Property with Shop

      6000+/- sq ft shop with office/apartment and additional lot.
      2285 RENEAU ROAD, ONEONTA, AL 35121
      View Details
    • $136,000

      Land with Highway Frontage

      Acreage with road frontage, suitable for commercial or residential use.
      0 Robin Hill Road, Oneonta, AL 35121
      View Details
    • $369,000
      8,000 SF

      Oneonta Land with Shop Buildings

      18 acres with two large shops near I-59.
      24 Reneau Road, Oneonta, AL 35121
      View Details
    • $953,332

      216 Acres Recreational Land

      216 acres in Blount County, AL, ideal for recreation.
      0 Robin Hill Road, Oneonta, AL 35121
      View Details
    • $175,000

      Updated Office Building in Oneonta

      Well-appointed office building in high-traffic entertainment district.
      311 E 1ST AVENUE, ONEONTA, AL 35121
      View Details
    • $319,900

      Commercial Space in Oneonta, AL

      Centrally located commercial space ideal for food service or retail.
      265 VALLEY ROAD, ONEONTA, AL 35121
      View Details
    • $359,899
      1,524 SF

      Oneonta Retail Building For Sale

      Turnkey retail building with recent upgrades and high visibility.
      911 2nd Avenue, ONEONTA, AL 35121
      View Details
    • $600,000

      Prime Retail Development Outparcel

      0.46-acre retail development opportunity in a high-traffic location.
      1604 2nd Avenue East, Oneonta, AL 35121
      View Details
    • $1,000,000

      Oneonta Mixed-Use Development Opportunity

      Prime mixed-use property near downtown Oneonta and future amphitheater.
      210 2ND STREET, ONEONTA, AL 35121
      View Details
    • $440,000

      Commercial Land in Growing City

      4.6 acres of commercial land in rapidly growing Oneonta, AL.
      1 2nd Avenue E, Oneonta, AL 35121
      View Details
    • $550,000
      1,663 SF

      Oneonta Property with Business Potential

      Spacious property with home, garages, and business potential.
      1211 2nd E Avenue, ONEONTA, AL 35121
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Residentially zoned lakefront parcel with approximately 224 feet of water frontage for a private build site.
    Where is this waterfront land located?
    The property is located at 121 W LAKESHORE DRIVE lot 3A & 3B Oneonta, AL.
    What is the asking price?
    The asking price for this property is $139,900.
    What are key features of this property?
    This property features: 224 feet of lakefront property on Highland Lake; Water source: public; Ideal for building a forever home or a getaway spot
    (205) 492-3148
    We can help!
    Listing Contact
    Lyn Berry
    Lyn Berry
    Real Estate License ID: 127757
    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
    121 W LAKESHORE DRIVE lot: 3A & 3B, ONEONTA, AL 35121
    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!