Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search

    15 Jasmine Trace Wetumpka, AL 36093

    View on Map
    Claim this Listing
    Picture of Land at 15 Jasmine Trace, Wetumpka, AL
    For Sale
    Contact for pricing

    LAND - Wetumpka, AL

    Lot size:
    1.55 Acres
    Added:
    Sep 13, 2025
    Days on Market:
    238
    Last Refresh:
    May 8 at 4:06 pm

    Property Features for 15 Jasmine Trace

    General Information

    Property type
    Land
    Property subtype
    Other
    Vegetation
    Wooded
    Standard status
    Active
    Lot size
    1.55 Acres

    Taxes and HOA fees

    Tax Description
    Lot 15 Plat 7 Jasmine Trace

    We can help!

    Listing Contact
    Chad Barrett
    Chad Barrett

    Listing agent Chad Barrett License #0078192

    Listing office REMAX Cornerstone Realty 117 Company Street Chad Barrett, Wetumpka, AL

    Listing date Sep 13, 2025

    MLS# 579980 Listing URL

    Copyright © 2026 Montgomery Area Association of Realtors 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

    • Ready to build your dream home on this beautiful, wooded lot.
    • Beautiful, wooded lot in a great subdivision.
    • Located in a great subdivision, minutes away from restaurants and shopping.
    • Minutes away from restaurants and shopping.
    • Minimum 3,000 sq. ft. home size allowed.
    • Coordinates provided for exact location.

    Overview

    Residential Land in Wetumpka, AL

    This 1.55-acre wooded lot is located in Wetumpka, Alabama, offering a potential home site within a subdivision. The property is situated minutes away from restaurants and shopping. The minimum building size for a home on this lot is 3,000 square feet, allowing for construction of a sizable residence.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Dental Office Auto Repair Shop Kitchen & Bath Showroom Department Store Barber Shop Storage Facility Clothing & Fashion Store Furniture & Home Goods Garden Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Wetumpka
    County
    Elmore
    State
    Alabama
    Longitude
    -86.194892
    Latitude
    32.489429

    Nearby Similar for Sale

    • $899,000

      57-Acre Farm Ready for Development

      Productive farmland with utilities, ideal for farming or development.
      950 Baltzer Road, Wetumpka, AL 36092
      View Details
    • $355,950

      Land For Sale Near Wetumpka

      23.73 acres of land near Wetumpka, Alabama.
      0 Fortner Lane, Wetumpka, AL 36092
      View Details
    • $385,000
      2,580 SF

      Updated Building in Downtown Wetumpka

      Move-in ready retail or office space in central location.
      127 Company Street, Wetumpka, AL 36092
      View Details
    • $215,000

      Wetumpka Acreage Homesite Opportunity

      14.21 acres of land in Wetumpka, Alabama.
      345 St Thomas Avenue, Wetumpka, AL 36093
      View Details
    • $900,000
      15,499 SF

      Versatile Industrial Property with Expansion Potential

      15,400 SF M-1 zoned property suitable for company operations.
      335 Jeanette Barrett Industrial Boulevard, Wetumpka, AL 36092
      View Details
    • $360,000

      Commercial Land in Wetumpka, AL

      Land with road frontage on Coosa River Parkway.
      630 Coosa River Parkway, Wetumpka, AL 36092
      View Details
    • $100,000

      Unrestricted Acreage in Redland Area

      4 acres of unrestricted land with development potential in Wetumpka.
      Dozier Road, Wetumpka, AL 36093
      View Details
    • $250,000

      31 Acres Near Downtown Wetumpka

      31 acres of land near downtown Wetumpka, Alabama.
      1670 Gossom Switch Road, Wetumpka, AL 36092
      View Details
    • $299,325

      30.7 Acres in Redland Community

      Recreational land with homesite potential in Elmore County.
      830 Stoddard Dr., Wetumpka, AL 36093
      View Details
    • $425,000

      40 Acres Wooded Property

      40-acre wooded property in Elmore County, Alabama.
      W Central Road, Wetumpka, AL 36092
      View Details
    • $1,500,000
      29,031 SF

      Versatile Commercial Building on 6.3 Acres

      Commercial building suitable for school, office, warehouse, or manufacturing.
      4125 Rifle Range Road, Wetumpka, AL 36093
      View Details
    • $179,900

      19.5 Acres Mini-Farm Retreat

      19.5 acres for mini-farm in Holtville School District.
      849 Baltzer Road, Wetumpka, AL 36092
      View Details

    FAQs

    What type of property is this?
    Land - 1.55 acre wooded lot near restaurants and shopping.
    Where is this land located?
    The property is located at 15 Jasmine Trace Wetumpka, AL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Ready to build your dream home on this beautiful, wooded lot.; Beautiful, wooded lot in a great subdivision.; Located in a great subdivision, minutes away from restaurants and shopping.
    (334) 478-3825
    We can help!
    Listing Contact
    Chad Barrett
    Chad Barrett
    Real Estate License ID: 0078192
    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
    15 Jasmine Trace, Wetumpka, AL 36093
    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!