Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15040 BLACK GRIFFIN Road Loxley, AL 36551

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $350,000

    Spacious property with mature trees and beautiful grassy areas.

    Type:Lots/Land
    Added:
    Aug 19, 2025
    Days on Market:
    244
    Last Refresh:
    Apr 7 at 8:29 pm

    Property Features for 15040 BLACK GRIFFIN Road

    General Information

    Standard status
    Active
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Katie Sondag

    Listing agent Katie Sondag License #126964-1

    Listing office Sweet Willow Realty

    Listing date Aug 19, 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 Sweet Willow Realty

    Overview

    Prime Land with Natural Privacy

    This property features acres of land with natural privacy, mature trees, and grassy areas. The owner is willing to subdivide the property. It offers the tranquility of nature while still being close to amenities. Buyer to verify all information during due diligence.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Loxley
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.766
    Latitude
    30.61337

    Nearby Similar for Sale

    • $325,000

      Loxley Industrial Land Parcel

      3.1-acre M1 industrial parcel in Loxley, ready for development.
      25508 Cabinet Shop Road, Loxley, AL 36551
      View Details
    • $199,900

      Residential Land in Loxley

      4-acre residential lot in new Loxley subdivision.
      Mosley Road, Loxley, AL 36551
      View Details
    • $169,900

      Residential Land in Loxley, AL

      3-acre residential lot in Loxley, Alabama, no HOA.
      Mosley Road, Loxley, AL 36551
      View Details
    • $179,900

      Residential Land in Loxley, AL

      3.33 acre residential lot in new Loxley subdivision.
      Mosley Road, Loxley, AL 36551
      View Details
    • $250,000

      Golf Course Frontage Land Opportunity

      Cleared 0.649 acre lot with golf course and lake views.
      0 E Waterview Drive, Loxley, AL 36551
      View Details
    • $365,000

      Loxley Acreage with Workshop

      4.8 acres with workshop, ready for dream home.
      18367 Driskell Road, Loxley, AL 36551
      View Details
    • $579,900

      Prime Commercial Land on Highway

      Highly visible 2.343-acre corner parcel on heavily trafficked Highway.
      25413 Highway 59, Loxley, AL 36551
      View Details
    • $210,000

      Secluded Land Parcel in Loxley

      14+/- acre parcel zoned RA-Rural Agriculture, great investment opportunity.
      0 Barnhill Farm Road, Loxley, AL 36551
      View Details
    • $79,000

      Ready-to-Build Residential Lots in Loxley

      Prepped residential lots in Loxley with power and city water.
      29607 Fox Branch Road, Loxley, AL 36551
      View Details
    • $250,000

      Golf Course Frontage Land Opportunity

      Cleared 0.545-acre lot with golf course and lake views.
      0 E Waterview Drive, Loxley, AL 36551
      View Details
    • $299,000

      Acre Homesite Overlooking Steelwood Golf

      Acre homesite in gated Steelwood community with golf and water views.
      Water View Drive, Loxley, AL 36551
      View Details
    • $315,000

      Residential Lot with Golf Course View

      Residential lot with golf course and lake views in Loxley.
      E Waterview Drive, Loxley, AL 36551
      View Details

    FAQs

    What type of property is this?
    Land - Spacious property with mature trees and beautiful grassy areas.
    Where is this land located?
    The property is located at 15040 BLACK GRIFFIN Road Loxley, AL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: Owner willing to subdivide property; Acres of prime land; Natural privacy
    (678) 315-4338
    We can help!
    Listing Contact
    Katie Sondag
    Real Estate License ID: 126964-1
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!