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

    200 Holland Dr, Killen, AL 35645

    View on Map
    Claim this Listing
    For Sale
    $359,000

    LAND - Killen, AL

    Lot size:
    3.17 Acres
    Added:
    Mar 16, 2026
    Days on Market:
    68
    Last Refresh:
    May 22 at 6:06 am

    Property Features for 200 Holland Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    APN
    17-08-33-0-001-008.000-17-08-33-0-005-013.001
    Lot size
    3.17 Acres

    Taxes and HOA fees

    Tax Description
    315' X 140' IRR AQUA VISTA SHORES SD ADDITION #8 LOT 4 PB-3 PG-163 520'S X 470'S IRR PT OF E/2 OF SE/4 OF SEC 33 T2S R9W LESS RD ROW 2.2 AC/C
    Tax Annual Amount
    525

    Utilities

    Utilities
    Cable Available
    Sewer type
    Septic Needed
    Water source
    Public
    Water front features
    Lake, Navigable Water, Lake Front, River Access
    Water front
    1

    We can help!

    Listing Contact
    Alexander Baker

    Listing agent Alexander Baker License #129573

    Listing office MarMac Real Estate - The Shoals 417 E Mobile Street, Florence, AL

    Listing date Mar 16, 2026

    MLS# 527698 Listing URL

    Copyright © 2026 Strategic MLS Alliance, 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

    • 1 acre waterfront lot on Wilson Lake with stunning water views
    • TVA approved dock adding immediate value and direct water access
    • Additional 2.2 acre parcel included, suitable for building a home or retreat
    • 2.2 acre parcel has a newly established water meter and power pole
    • 2.2 acre parcel has already been successfully perc tested
    • Gentle topography ideal for building

    Overview

    This is a rare opportunity to own a 3.17 acre waterfront lot on Wilson Lake. The property offers water views and gentle topography, creating a setting to build a home or weekend retreat. A 2.2 acre parcel has been successfully perc tested and has a newly established water meter and power pole. TVA has already approved a dock. The property is located in Killen, AL. The property offers direct access to the water, allowing for fishing, boating, or relaxing by the shoreline. It is a prime piece of waterfront ready for new construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Killen
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.483268
    Latitude
    34.830116

    Nearby Similar for Sale

    • $349,900
      2,400 SF

      Commercial Property with Highway Access

      Commercial property in Killen, AL, with easy highway access.
      78 Commerce Way, Killen, AL 35645
      View Details
    • $350,000

      Killen, AL Commercial Opportunity

      High-visibility corner lot on Highway 72, Killen, AL.
      2100 Highway 72, Killen, AL 35645
      View Details
    • $204,000
      4,350 SF

      Killen Land with Barn

      5.5 acres of level land with barn and pastures.
      8235 Co Rd 25, Killen, AL 35645
      View Details
    • $349,000

      Killen, Alabama Vacant Land

      25.12 acres of flat, usable land in Killen, Alabama.
      0 County Road 363, Killen, AL 35645
      View Details
    • $85,000

      Waterfront Land in Killen, AL

      Tranquil waterfront property ideal for building a dream home.
      491 Jabo Drive, Killen, AL 35645
      View Details
    • $321,900

      Waterfront Land in Turtle Cove

      Cleared 1.38-acre waterfront lot with Wilson Lake access.
      855 Turtle Cove Road, Killen, AL 35645
      View Details
    • $150,000

      Waterfront Land on Sixmile Creek

      1.18 acres on Sixmile Creek, perfect for building a home.
      335 Shoreline Dr, Killen, AL 35645
      View Details
    • $299,000

      Waterfront Land in Killen, AL

      Waterfront lots in a new Killen development.
      1440 Lingerlost Rd, Killen, AL 35645
      View Details
    • $299,000

      Waterfront Land in Killen, AL

      3.1 acres of waterfront land in Lingerlost Landing.
      1460 Lingerlost Rd, Killen, AL 35645
      View Details
    • $350,000

      Highway 72 Corner Commercial Lot

      High-visibility corner lot on Highway 72, Killen, AL.
      2100 Highway 72, Killen, AL 35645
      View Details
    • $225,000

      Land on Wilson Lake

      Land for sale near Wilson Lake in Killen, Alabama.
      Lock Six Road lot: # 70, Killen, AL 35645
      View Details
    • $299,000

      Waterfront Land in Killen, AL

      3.71 acres of waterfront land in Lingerlost Landing.
      1480 Lingerlost Rd, Killen, AL 35645
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Rare 3.17 acre waterfront lot on Wilson Lake!
    Where is this waterfront land located?
    The property is located at 200 Holland Dr Killen, AL.
    What is the asking price?
    The asking price for this property is $359,000.
    What are key features of this property?
    This property features: 1 acre waterfront lot on Wilson Lake with stunning water views; TVA approved dock adding immediate value and direct water access; Additional 2.2 acre parcel included, suitable for building a home or retreat
    (256) 349-3638
    We can help!
    Listing Contact
    Alexander Baker
    Real Estate License ID: 129573
    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
    200 Holland Dr, Killen, AL 35645
    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!