Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Ila Estates Title is generated by Realmo AI

    160 Grover Drive, Union Grove, AL 35175

    View on Map
    Claim this Listing
    New
    For Sale
    $70,000

    LAND - Union Grove, AL

    Lot size:
    2.87 Acres
    Added:
    May 7, 2026
    Days on Market:
    3
    Last Refresh:
    May 9 at 7:06 am

    Property Features for 160 Grover Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1205150000020.012
    Lot size
    2.87 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Kelly Holder

    Listing agent Kelly Holder License #110170

    Listing office Weichert-Deborah Burton Group 23651 John T Reid Pkwy, AL

    Listing date May 7, 2026

    MLS# 21911630 Listing URL

    Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 2.87‑acre private lot
    • Utilities already in place: public water, electricity, and septic
    • Located at the end of a quiet cul‑de‑sac
    • Mix of level and wooded areas
    • Potential for renovation or new construction
    • Septic Tank

    Overview

    This 2.87-acre property is located at the end of a quiet cul-de-sac in Ila Estates. The land features a mix of level and wooded areas, providing both usable space and natural privacy. Public water, electricity, and septic are already installed. A mobile home currently sits on the property and can either be renovated or removed, but conveys at no value. This property offers potential for a peaceful homesite or rural retreat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Union Grove
    County
    Marshall
    State
    Alabama
    Longitude
    -86.5113671
    Latitude
    34.4282198

    Nearby Similar for Sale

    • $34,900

      Residential Lot in Cherokee Ridge

      Cleared lot near amenities in Cherokee Ridge, Alabama.
      154 Ridgewood Circle, Cherokee Ridge, AL 35175
      View Details
    • $34,900

      Cherokee Ridge Ready-to-Build Lot

      Residential lot in gated golf community with resort-like amenities.
      26 Ridgewood Circle, Cherokee Ridge, AL 35175
      View Details
    • $56,900

      Cherokee Ridge Golf Course Lot

      0.65 acre lot on Cherokee Ridge Golf Course.
      128 Savannah Circle, Cherokee Ridge, AL 35175
      View Details
    • $34,900

      Cherokee Ridge Land For Sale

      Land in Cherokee Ridge with access to resort-like amenities.
      41 Ridgewood Circle, Cherokee Ridge, AL 35175
      View Details
    • $65,000

      Golf Course Lot on Fairway

      Residential lot on Cherokee Ridge Golf Course.
      Savannah Circle lot: 43, Union Grove, AL 35175
      View Details
    • $39,900

      Residential Lot in Cherokee Ridge

      Cleared lot in gated community with golf and amenities.
      281 Woodmont Drive, Cherokee Ridge, AL 35175
      View Details
    • $39,900

      Residential Land in Cherokee Ridge

      Large, wooded lot with fairway view in gated community.
      10 Cherokee Ridge Court, Cherokee Ridge, AL 35175
      View Details
    • $34,900

      Land in Cherokee Ridge, AL

      Residential land available in Cherokee Ridge, Alabama.
      158 Ridgewood Circle, Cherokee Ridge, AL 35175
      View Details
    • $1,600,000

      Union Grove Land For Sale

      68.5 acre property suitable for development or recreational use.
      14298 Highway 231, Union Grove, AL 35175
      View Details
    • $29,900

      Residential Land in Golf Community

      Residential land in a golf community near Huntsville, Alabama.
      Evergreen Way lot: 136, Union Grove, AL 35175
      View Details
    • $49,000

      Residential Lot in Gated Community

      Cleared lot in gated golf community with wooded views.
      3232 Cherokee Ridge Drive, Cherokee Ridge, AL 35175
      View Details
    • $40,000

      Land Overlooking Cherokee Ridge Golf

      Cleared lot with golf course view in gated community.
      30 Oak Ridge Way, Cherokee Ridge, AL 35175
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.87-acre property with utilities in place.
    Where is this residential land & home lot located?
    The property is located at 160 Grover Drive Union Grove, AL.
    What is the asking price?
    The asking price for this property is $70,000.
    What are key features of this property?
    This property features: Large 2.87‑acre private lot; Utilities already in place: public water, electricity, and septic; Located at the end of a quiet cul‑de‑sac
    (256) 808-8076
    We can help!
    Listing Contact
    Kelly Holder
    Real Estate License ID: 110170
    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
    160 Grover Drive, Union Grove, AL 35175
    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!