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

    LOT 11 Eagles Landing, Bremen, AL 35033

    View on Map
    Claim this Listing
    For Sale
    $129,000

    2.32-acre wooded lot with 170+/- feet of waterfront.

    Type:Lots/Land
    Lot size:
    2.32 Acres
    Added:
    Mar 13, 2025
    Days on Market:
    447
    Last Refresh:
    Apr 8 at 12:17 am

    Property Features for LOT 11 Eagles Landing

    General Information

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

    We can help!

    Listing Contact
    Justin Dyar

    Listing agent Justin Dyar License #000079039

    Listing office Lake Homes Realty

    Listing date Mar 13, 2025

    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 Lake Homes Realty

    HighLights

    • Waterfront property on Smith Lake (Ryan Creek) with year‑round water
    • Large 2.32‑acre wooded lot with 170+\/- feet of waterfront
    • Located in a protected cove off the main channel
    • Suitable for year‑round living or a weekend retreat
    • Private location with nice surroundings
    • Less than an hour from downtown Birmingham

    Overview

    This is a wooded lot on Smith Lake (Ryan Creek), encompassing approximately 2.32 acres and featuring 170+/- feet of waterfront. The property is situated in a sheltered cove near the main channel, offering a private setting with year-round water access. The site is suitable for constructing a permanent residence or a weekend getaway. The location is less than an hour's drive from downtown Birmingham.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Building Supply Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Bremen
    County
    Cullman
    State
    Alabama
    Longitude
    -87.0046
    Latitude
    33.9511

    Nearby Similar for Sale

    • $199,900

      Waterfront Lot on Smith Lake

      Rare waterfront lot with utilities installed and sunset views.
      1443 Co Rd 154, Bremen, AL 35033
      View Details
    • $249,000
      3,000 SF

      Versatile Barndo Building on County Road

      Barndo building suitable for residential or commercial use.
      26569 County Road 222, BREMEN, AL 35033
      View Details
    • $129,900

      Waterfront Lot in Windemere

      Waterfront lot with deeded boatslip in Windemere subdivision.
      County Road 51 lot: 23, Bremen, AL 35033
      View Details
    • $329,000

      Smith Lake Waterfront Land Available

      Unrestricted 4+ acre waterfront land with utilities on Smith Lake.
      470 CO RD 212, Bremen, AL 35033
      View Details
    • $500,000

      Waterfront Lot in Gated Community

      Waterfront lot in Bremen, AL with 258.7 ft shoreline.
      180 CR 2112, Bremen, AL 35033
      View Details
    • $199,900

      Waterfront Land with Sunset Views

      Rare waterfront lot with year-round shoreline and sunset views.
      1443 CO RD 154, Bremen, AL 35033
      View Details
    • $325,000

      Smith Lake Waterfront Land Parcel

      1.28 acre waterfront land with 327+ feet frontage.
      00 Co Rd 135, Bremen, AL 35033
      View Details
    • $149,900

      Waterfront Lot in Grand Vista

      Waterfront land in up-and-coming Grand Vista Pointe development.
      LOT 4 GRAND VISTA POINTE, Bremen, AL 35033
      View Details
    • $1,550,000

      Smith Lake Waterfront Land

      25 acres with 615 feet of waterfront on Smith Lake.
      COUNTY ROAD 2113, Bremen, AL 35033
      View Details
    • $499,000

      Smith Lake Waterfront Land Parcel

      Waterfront land with deep water access and sunset views.
      530 COUNTY ROAD 2120, Bremen, AL 35033
      View Details
    • $2,500,000

      Smith Lake Unrestricted Acreage

      20.5 acres with private boat launch on Smith Lake.
      COUNTY ROAD 71, Bremen, AL 35033
      View Details
    • $129,000

      Smith Lake Vacant Land

      Vacant lot with community amenities and deeded boat slip.
      LOT 8 WINDEMERE, Bremen, AL 35033
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 2.32-acre wooded lot with 170+/- feet of waterfront.
    Where is this waterfront land located?
    The property is located at LOT 11 Eagles Landing Bremen, AL.
    What is the asking price?
    The asking price for this property is $129,000.
    What are key features of this property?
    This property features: Waterfront property on Smith Lake (Ryan Creek) with year‑round water; Large 2.32‑acre wooded lot with 170+\/- feet of waterfront; Located in a protected cove off the main channel
    (205) 468-6375
    We can help!
    Listing Contact
    Justin Dyar
    Real Estate License ID: 000079039
    Learn More
    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
    LOT 11 Eagles Landing, Bremen, AL 35033
    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!