Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Riverfront Property Opportunity Title is generated by Realmo AI

    199 Garner Road, Bridgeport, AL 35740

    View on Map
    Claim this Listing
    For Sale
    $1,100,000

    Riverfront property ideal for commercial, industrial, or recreational development.

    Type:Lots/Land
    Lot size:
    20.50 Acres
    Added:
    Dec 5, 2024
    Days on Market:
    544
    Last Refresh:
    May 20 at 2:16 am

    Property Features for 199 Garner Road

    General Information

    Standard status
    Active
    Lot size
    20.50 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Jacquie Jenkins

    Listing agent Jacquie Jenkins License #TN273766

    Listing office RE/MAX Realty South

    Listing date Dec 5, 2024

    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 RE/MAX Realty South

    HighLights

    • 900 feet of RIVER FRONTAGE offering diverse development potential.
    • Strategic location: accessible via major highways, near CSX Railroad (490 ft frontage), and close to Alabama State Dock (500 ft), facilitating transportation and logistics.
    • Versatile usage: suitable for industrial operations, transportation hubs, warehousing, commercial ventures, mixed‑use development, hunting retreat, or Airbnb rentals.
    • Utilities available: water, electricity, natural gas, and sewer.
    • Recreational opportunities: potential for fishing, boating, water recreation, hunting, and nature retreat.
    • Proximity to major cities: within driving distance of Atlanta, Nashville, Huntsville, Chattanooga, and Charlotte.

    Overview

    This riverfront property presents an exceptional opportunity for commercial, industrial, and recreational development. Located in historic Bridgeport, Alabama, the property is suited for industrial operations, transportation hubs, warehousing, commercial ventures, or mixed-use development. The land also offers potential as a hunter's paradise or private retreat for outdoor enthusiasts, with opportunities for Airbnb rentals, hunting cabins, or a nature getaway. The property features 900 feet of river frontage, making it suitable for fishing, boating, and water recreation. With a TVA permit, options include building a fishing pier, private dock, or cabana. The property is accessible via US Hwy 72 and State Road 277, and is within driving distance of Atlanta, Nashville, Huntsville, Chattanooga, and Charlotte. It has 490 feet along the west side of the CSX Railroad line, and the Alabama State Dock is 500 feet from the property entrance on Garner Road. Utilities available include water, electricity, natural gas, and sewer. This property offers potential and versatility for expanding an industrial enterprise, developing a commercial venture, or creating a recreational retreat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Building Supply Hair Salon Pharmacy Auto Parts Store Storage Facility HVAC Service Tech Support Center Plumbing Service Mobile Phone Store Florist

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

    Location Insight

    • Map
    • Local Demand
    City
    Bridgeport
    County
    Jackson
    State
    Alabama
    Longitude
    -85.7023253
    Latitude
    34.9424971

    Nearby Similar for Sale

    • $29,900

      Residential Lot with Downtown View

      Residential lot in Bridgeport, Alabama, with downtown views.
      Brummel Avenue, Bridgeport, AL 35740
      View Details
    • $364,900

      Bridgeport Acreage in Windy Hills

      7.3+/- acres in Windy Hills Estates, Bridgeport, Alabama.
      127 Rich Drive, Bridgeport, AL 35740
      View Details
    • $27,900

      Residential Land in Bridgeport, AL

      Level lot with easy access to schools and highway.
      Chisolm Avenue, Bridgeport, AL 35740
      View Details
    • $29,900

      Bridgeport Land with Highway Access

      Level lot in Bridgeport, Alabama, with convenient highway access.
      Diamond Avenue, Bridgeport, AL 35740
      View Details

    FAQs

    What type of property is this?
    Industrial land - Riverfront property ideal for commercial, industrial, or recreational development.
    Where is this industrial land located?
    The property is located at 199 Garner Road Bridgeport, AL.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: 900 feet of RIVER FRONTAGE offering diverse development potential.; Strategic location: accessible via major highways, near CSX Railroad (490 ft frontage), and close to Alabama State Dock (500 ft), facilitating transportation and logistics.; Versatile usage: suitable for industrial operations, transportation hubs, warehousing, commercial ventures, mixed‑use development, hunting retreat, or Airbnb rentals.
    (423) 403-0103
    We can help!
    Listing Contact
    Jacquie Jenkins
    Real Estate License ID: TN273766
    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
    199 Garner Road, Bridgeport, AL 35740
    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!