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    19 acres Highway 55 Andalusia, AL 36420

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    Claim this Listing
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    For Sale
    $133,900

    LAND - Andalusia, AL

    Lot size:
    19.00 Acres
    Added:
    Apr 25, 2026
    Days on Market:
    2
    Last Refresh:
    Apr 26 at 2:06 am

    Property Features for 19 acres Highway 55

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Agriculture, County
    Standard status
    Active
    APN
    23 23 05 16 0 000 009.006
    Lot size
    19.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    COM @ INT OF S LN OF SW4 SEC 16 T2N R16EWITH E R/W AL HWY #55 TH N'LY-620.3' ALG R/WTO POB; TH CONT N'LY-511.2' ALG R/W; NE'LY-1226'; S-929.8'; W'LY-781.3'; N'LY-210'; W'LY-210'TO POB.
    Tax Annual Amount
    37

    We can help!

    Listing Contact
    Cristy E Byrd

    Listing agent Cristy E Byrd License #3647173

    Listing office Merrifield & Pilcher Realty 682 Baldwin Ave, DeFuniak Springs, AL

    Listing date Apr 25, 2026

    MLS# 1001547 Listing URL

    Copyright © 2026 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Undeveloped Land on Highway 55

    This property features 19 acres of undeveloped land situated along Highway 55, located between Andalusia and Florala in Covington County, Alabama. The tract includes approximately 500 feet of road frontage, providing visibility and accessibility. The land is suitable for a homestead, hobby farm, or future development. Approximately 12 acres consist of gently sloping, rolling pastureland, suitable for grazing, fencing, or equestrian use. The remaining acreage rises into timbered woodland, offering privacy and outdoor recreational opportunities. The property's mix of open and wooded areas, combined with highway access, provides a foundation for various rural uses, including a private retreat, agricultural pursuits, or land investment. Zoning and utilities vary; verification with the county and utility providers is recommended to explore all possibilities.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Andalusia
    County
    Covington
    State
    Alabama
    Longitude
    -86.456306
    Latitude
    31.132186

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - 19 acres of versatile land between Andalusia and Florala.
    Where is this agricultural land / farmland located?
    The property is located at 19 acres Highway 55 Andalusia, AL.
    What is the asking price?
    The asking price for this property is $133,900.
    What are key features of this property?
    This property features: 19 Undeveloped Acres: Offers ample space for various uses.; Highway 55 Frontage (Approx. 500 ft): Provides excellent visibility and easy access.; Mix of Pasture and Timbered Woodland: Versatile land suitable for grazing, recreation, and privacy.
    (334) 470-0093
    We can help!
    Listing Contact
    Cristy E Byrd
    Real Estate License ID: 3647173
    Learn More
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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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