Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Unrestricted Waterfront Land on Smith Lake Title is generated by Realmo AI

    LOT 2 County Road 198, Crane Hill, AL 35053

    View on Map
    Claim this Listing
    For Sale
    $175,000

    0.44 acre waterfront lot with 106 feet of shoreline.

    Type:Lots/Land
    Lot size:
    0.44 Acres
    Added:
    Nov 25, 2025
    Days on Market:
    189
    Last Refresh:
    Apr 8 at 12:17 am

    Property Features for LOT 2 County Road 198

    General Information

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

    We can help!

    Listing Contact
    Jason Scott McCullar

    Listing agent Jason Scott McCullar License #142780-0

    Listing office Lake League Real Estate

    Listing date Nov 25, 2025

    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 Lake League Real Estate

    HighLights

    • Unrestricted land use with no zoning, offering unmatched flexibility for building, RV use, or rental property.
    • Located on the serene shores of Crooked Creek on Smith Lake.
    • 0.44 acre lot size.
    • Enjoy 106 feet of shoreline.
    • Opportunity to build a dream home.
    • Potential for weekend retreats.

    Overview

    This 0.44-acre waterfront land, identified as Lot 2, is located on Crooked Creek on Smith Lake. The property features 106 feet of shoreline. It is an unrestricted lot, offering flexibility for various uses, including building a home, setting up an RV, or creating a rental property.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Crane Hill
    County
    Cullman
    State
    Alabama
    Longitude
    -87.090394
    Latitude
    34.022875

    Nearby Similar for Sale

    • $199,999

      Crane Hill Waterfront Land

      Two lots totaling over 5 acres with 370+ feet waterfront.
      112 & 113 LAKESHORE WEST, Crane Hill, AL 35053
      View Details
    • $140,650

      Waterfront Land in Crane Hill

      1.17-acre waterfront land with 40 feet of shoreline.
      7 County Road 880, Crane Hill, AL 35053
      View Details
    • $599,000

      Waterfront Land in Gated Community

      Exclusive waterfront homesite with expansive views in Crane Hill, AL.
      354 COUNTY ROAD 2018, Crane Hill, AL 35053
      View Details
    • $1,500,000

      Crane Hill Waterfront Point Lot

      Unrestricted 16-acre waterfront point lot with 1200 ft frontage.
      80 COUNTY ROAD 4020, Crane Hill, AL 35053
      View Details
    • $349,900

      Smith Lake Waterfront Land

      1.1 acre lakefront lot, ready to build.
      0 CO RD 177, Crane Hill, AL 35053
      View Details
    • $375,000

      Smith Lake Waterfront Land Opportunity

      Rare .6-acre waterfront lot in desirable Crane Hill, Alabama.
      0 COUNTY ROAD 189, Crane Hill, AL 35053
      View Details
    • $109,000

      Waterfront Land Near Trident Grille

      Waterfront lot near Trident Grille with deep water access.
      LOT 28 GRANDVIEW SHORES, Crane Hill, AL 35053
      View Details
    • $750,000

      Waterfront Land in Crane Hill

      Exclusive LakeTown community offering privacy, beauty, and spacious homesites.
      350 COUNTY ROAD 2018, Crane Hill, AL 35053
      View Details
    • $1,250,000

      Smith Lake Waterfront Land Opportunity

      47 acres of waterfront land near Trident Marina and Grille.
      LOTS 34 & 35 GRANDVIEW SHORES, Crane Hill, AL 35053
      View Details
    • $129,900

      Crane Hill Land with Water Frontage

      Unrestricted land with 100 ft of deep water frontage.
      0 COUNTY ROAD 372, Crane Hill, AL 35053
      View Details
    • $159,900

      Waterfront Lot in Crane Hill

      1.1 acre waterfront lot in Clear Water Coves.
      County Road 2015 lot: 10, Crane Hill, AL 35053
      View Details
    • $550,000

      Waterfront Land in Crane Hill

      Exclusive LakeTown community homesite with water views and sunsets.
      357 COUNTY ROAD 2018, Crane Hill, AL 35053
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 0.44 acre waterfront lot with 106 feet of shoreline.
    Where is this waterfront land located?
    The property is located at LOT 2 County Road 198 Crane Hill, AL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Unrestricted land use with no zoning, offering unmatched flexibility for building, RV use, or rental property.; Located on the serene shores of Crooked Creek on Smith Lake.; 0.44 acre lot size.
    (205) 544-9425
    We can help!
    Listing Contact
    Jason Scott McCullar
    Real Estate License ID: 142780-0
    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
    LOT 2 County Road 198, Crane Hill, AL 35053
    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!