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

    151 ASH STREET Leeds, AL 35094

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $79,900

    Acreage - LEEDS, AL

    Lot size:
    5.00 Acres
    Added:
    Jun 13, 2025
    Days on Market:
    321
    Last Refresh:
    Apr 29 at 11:06 am

    Property Features for 151 ASH STREET

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Lot size
    5.00 Acres

    Utilities

    Water front features
    Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Lee Higginbotham

    Listing agent Lee Higginbotham

    Listing office Fields Gossett Realty 508 Martin Street South, Pell city, AL

    Listing date Jun 13, 2025

    MLS# 21422122 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.

    Overview

    Leeds Acreage with Private Lake

    This unique 5-acre property in Leeds, Alabama, offers the opportunity to own a private lake close to downtown. The land is suitable for residential use, allowing for the construction of a home. The lake provides opportunities for fishing, with large bass and crappie present. Residents can enjoy views of the water and surrounding nature. Access to the property is available from Walnut Street and Ash Street. The property is located in Jefferson County, with the postal code 35094.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Pharmacy Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Leeds
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.540054
    Latitude
    33.529955

    Nearby Similar for Sale

    • $2,250,000
      35,000 SF

      Leeds Industrial Space For Sale

      Versatile industrial property with office and living space.
      8591 Borden Avenue, Leeds, AL 35094
      View Details
    • $800,000

      Private Gated Acreage Near Lake

      Private, gated acreage near shops, restaurants, and Smyer Lake.
      958 SMYER LAKE ROAD, LEEDS, AL 35094
      View Details
    • $464,920

      40 Acres Wooded Land

      40+/- acres of wooded land in NW Shelby County.
      0 Mimosa Rd., Leeds, AL 35094
      View Details
    • $399,900
      5,714 SF

      Commercial Building Near Downtown Leeds

      Freestanding 5,714 SF commercial building suitable for retail or office.
      8300 1st Avenue Southeast, Leeds, AL 35094
      View Details
    • $325,000

      Office Property in Leeds, AL

      Office property for sale in Leeds, Alabama.
      7485 PARKWAY DRIVE, LEEDS, AL 35094
      View Details
    • $308,000
      10,296 SF

      Leeds Church Building For Sale

      Well-maintained church building suitable for worship, school, or venue.
      503 Markeeta Road, LEEDS, AL 35094
      View Details
    • $24,000

      Residential Lot in Leeds, AL

      Large residential lot in Leeds, AL, near the Interstate.
      7502 NEW YORK AVENUE, LEEDS, AL 35094
      View Details
    • $1,000,000

      Leeds Acreage with Fishing Pond

      20+ acre tract in gated community with stocked pond.
      3459 SPRINGSTONE TRAIL, LEEDS, AL 35094
      View Details
    • $19,400

      Residential Land in Desirable Location

      2.26 acre lot in Leeds, AL, no HOA.
      8215 BAKER AVENUE, LEEDS, AL 35094
      View Details
    • $985,000

      Leeds Development Tract For Sale

      19.9 acres of commercial land with highway frontage.
      1575 Ashville Road, Leeds, AL 35094
      View Details
    • $299,900
      3,164 SF

      Established Restaurant Opportunity

      Restaurant with long-standing reputation available for sale.
      7601 Parkway Drive, LEEDS, AL 35094
      View Details
    • $600,000

      Tranquil Gated Community Acreage

      12+ acres in Leeds, AL with lake and views.
      3717 SPRINGSTONE TRAIL, LEEDS, AL 35094
      View Details

    FAQs

    What type of property is this?
    Land - Unique property with private lake near downtown Leeds, Alabama.
    Where is this land located?
    The property is located at 151 ASH STREET Leeds, AL.
    What is the asking price?
    The asking price for this property is $79,900.
    What are key features of this property?
    This property features: Private lake ownership.; Close proximity to downtown.; Waterfront property offering serene living.
    (205) 812-4530
    We can help!
    Listing Contact
    Lee Higginbotham
    Real Estate License ID: 111745
    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!