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

    163 Waters View Drive Pike Road, AL 36064

    View on Map
    Claim this Listing
    For Sale
    $150,000

    LAND - Pike Road, AL

    Lot size:
    0.18 Acres
    Added:
    Jul 18, 2025
    Days on Market:
    294
    Last Refresh:
    May 7 at 8:06 pm

    Property Features for 163 Waters View Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    08 06 23 0 000 001.054
    Lot size
    0.18 Acres

    Taxes and HOA fees

    Tax Description
    Lot LP287 in The Waters Lucas Point Plat 2L

    Utilities

    Water front features
    Lake Front
    Water front
    1

    We can help!

    Listing Contact
    Emily Blossom

    Listing agent Emily Blossom License #0126284

    Listing office New Waters Realty LLC 2239 Marler Road Jennifer Atkins, Pike Road, AL

    Listing date Jul 18, 2025

    MLS# 578277 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

    • Resort‑style living with extensive amenities: fishing, multiple lakes, swimming pools, tennis and pickleball courts, lakeside beach, dog park, and more.
    • Located in The Waters community in Pike Road, AL, offering a vibrant town square and community activities.
    • Zoned for Pike Road Schools (K4‑12th grade).
    • Lakefront property.
    • Convenient location: 2.5 miles off I‑85, Exit 16, with easy access to Pike Road Shopping, Eastchase, and Chantilly.
    • Access to recreational activities: kayaking, canoeing, playgrounds, parks, and sports courts.

    Overview

    Residential Land in Pike Road

    This residential land is located in The Waters community in Pike Road, Alabama, offering a resort-style living experience. Residents can enjoy amenities such as fishing, multiple lakes, swimming pools, tennis and pickleball courts, a lakeside beach, a dog park, a town square, a fire pit, a soccer field, Playborhood Hill, bocce ball, green space, pavilions, a sport court, a gaga pit, kayaking, canoeing, playgrounds, parks, and the Trail to Education leading to Pike Road Elementary School. The property is conveniently located near the Town Center businesses, Pike Road Shopping, Eastchase, and Chantilly. Situated approximately 2.5 miles from I-85, Exit 16, the land is zoned for Pike Road Schools (K4-12th grade). The lot size is 0.18 acres. The seller reserves the right to approve the buyer's mortgage lender.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Dental Office Building Supply Gym & Fitness Center Big Box & Wholesale Store Hotel & Motel HVAC Service Cafe & Coffee Shop Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    Pike Road
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.030785
    Latitude
    32.348363

    Nearby Similar for Sale

    • $300,000
      19,072 SF

      Versatile Building in Growing Pike Road

      Large commercial building with endless potential in Pike Road.
      2238 Alexander Road, Pike Road, AL 36064
      View Details
    • $215,000

      Pike Road Acreage Homesite

      8.16 acre homesite in Pike Road, Alabama.
      6 Chaseway Drive, Pike Road, AL 36064
      View Details
    • $184,500

      Pike Road Wooded Lot Opportunity

      0.85 acre wooded lot with community amenities in Pike Road.
      41 Hannah Lane, Pike Road, AL 36064
      View Details
    • $630,000

      Pike Road Vacant Land

      70 acres of residential land in Pike Road, Alabama.
      00 Fair Meadow Lane, Pike Road, AL 36064
      View Details
    • $140,000

      Pike Road Gated Community Land

      3.84+/- acre lot in Pike Road's Cardinal Crossing.
      220 Crossing Lane, Pike Road, AL 36064
      View Details
    • $145,000

      Homesite in The Waters, Pike Road

      Homesite with resort-style amenities in Pike Road, Alabama.
      370 Heron Hill, Pike Road, AL 36064
      View Details
    • $225,000

      Residential Land in Pike Road, AL

      Residential land with resort-style amenities in Pike Road, Alabama.
      309 Heron Hill, Pike Road, AL 36064
      View Details
    • $64,000

      Residential Land in Pike Road, AL

      Residential land with resort-style amenities in Pike Road, Alabama.
      197 Northlake Street, Pike Road, AL 36064
      View Details
    • $800,000

      Pike Road Commercial Land Parcel

      6.82 acre commercial property near The Waters neighborhood.
      1999 Marler Road, Pike Road, AL 36064
      View Details
    • $150,000

      Pike Road Residential Homesite

      2.16-acre homesite in Pike Road school district.
      160 Holdings Lane, Pike Road, AL 36064
      View Details
    • $800,000

      Commercial Land in Pike Road

      6.82 acre commercial property near The Waters neighborhood.
      1999 Marler Road, Pike Road, AL 36064
      View Details
    • $121,000

      Pike Road Estate Lot

      Nearly 6-acre estate lot in Kerington community, Pike Road.
      38 S Farm View Lane, Pike Road, AL 36064
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Resort-style living with world-class amenities in Pike Road, AL.
    Where is this residential land & home lot located?
    The property is located at 163 Waters View Drive Pike Road, AL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Resort‑style living with extensive amenities: fishing, multiple lakes, swimming pools, tennis and pickleball courts, lakeside beach, dog park, and more.; Located in The Waters community in Pike Road, AL, offering a vibrant town square and community activities.; Zoned for Pike Road Schools (K4‑12th grade).
    (334) 272-3200
    We can help!
    Listing Contact
    Emily Blossom
    Real Estate License ID: 0126284
    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
    163 Waters View Drive, Pike Road, AL 36064
    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!