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    A-1 Land Parcel with Barn Title is generated by Realmo AI

    150 BRANDY LANE lot 1, Mulga, AL 35118

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    Claim this Listing
    For Sale
    $107,000

    LAND - MULGA, AL

    Lot size:
    1.32 Acres
    Added:
    Sep 22, 2025
    Days on Market:
    255
    Last Refresh:
    Jun 3 at 11:06 pm

    Property Features for 150 BRANDY LANE lot 1

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-1
    Standard status
    Active
    APN
    20-00-34-0-000-039.002
    Lot size
    1.32 Acres

    Taxes and HOA fees

    Tax Description
    COM AT NE COR OF NE 1/4 OF SE 1/4 OF SEC 34 TSP 17S R 5W TH S 580.5 FT TH W 200 FT TO POB CONT W 150 FT TH S 430 FT TH NELY ALG RD 155 FT TH N 395 FT TO POB

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Nancy Drinkard
    Nancy Drinkard

    Listing agent Nancy Drinkard License #51931

    Listing office RE/MAX Marketplace 7145 Happy Hollow Rd. Ste. 100, Trussville, AL

    Listing date Sep 22, 2025

    MLS# 21432020 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

    • 1.32+/- acres of land with a barn
    • Public water available
    • Multiple places to build a home on the property
    • Stately shade trees and fruit trees on‑site
    • Located about 25 minutes outside of Birmingham

    Overview

    This A-1 zoned land parcel includes approximately 1.32+/- acres with a barn on site. The property features stately shade trees, multiple places to build, and fruit trees, offering a rural, country feel that supports residential development. The lot is suited for buyers looking to build from the ground up with existing improvements in place.

    Located in Mulga, Alabama within Jefferson County, the property is described as being about 25 minutes outside of Birmingham. The listing highlights the surrounding countryside setting, with opportunities to choose among the areas on the property for a future home site.

    For owner-occupants and builders, the combination of A-1 zoning, a barn, and multiple potential building locations can make planning a custom home more straightforward than starting from raw, tree-free ground. The presence of existing fruit trees and shade trees may also help preserve established landscaping elements as you develop the site. This offering is well suited to buyers who want land in a country setting while still being within reasonable reach of the Birmingham area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Hair Salon Nail Salon Hotel & Motel Kitchen & Bath Showroom Grocery & Convenience Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Mulga
    County
    Jefferson
    State
    Alabama
    Longitude
    -87.040654
    Latitude
    33.515184

    Nearby Similar for Sale

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    • $31,495

      Unrestricted Residential Land Lot

      Unrestricted lot with no HOA and utilities available, offering flexibility for a custom home, mobile home, or other development.
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    • $77,000

      Level Residential Home Lot

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    FAQs

    What type of property is this?
    Residential land & home lot - A-1 zoned Mulga lot with a barn, shade trees, and fruit trees for building a country-style home.
    Where is this residential land & home lot located?
    The property is located at 150 BRANDY LANE lot 1 Mulga, AL.
    What is the asking price?
    The asking price for this property is $107,000.
    What are key features of this property?
    This property features: 1.32+/- acres of land with a barn; Public water available; Multiple places to build a home on the property
    (205) 368-6556
    We can help!
    Listing Contact
    Nancy Drinkard
    Nancy Drinkard
    Real Estate License ID: 51931
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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
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