Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Undeveloped Land Near Thomas Mill Creek Title is generated by Realmo AI

    203 Pebble Cove Rd, Abbeville, AL 36310

    View on Map
    Claim this Listing
    For Sale
    $56,000

    LAND - Abbeville, AL

    Lot size:
    7.00 Acres
    Added:
    Jul 11, 2025
    Days on Market:
    327
    Last Refresh:
    Jun 2 at 7:06 am

    Property Features for 203 Pebble Cove Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Residential
    Standard status
    Active
    APN
    37-01-09-32-0-001-010.008
    Lot size
    7.00 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public
    Water front features
    Waterfront

    We can help!

    Listing Contact
    John Baker

    Listing agent John Baker License #181687

    Listing office Baker Realty P.O. Box 145, Eufaula, AL

    Listing date Jul 11, 2025

    MLS# 204340 Listing URL

    Copyright © 2026 Southeast Alabama 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.

    HighLights

    • Waterfront Features: Waterfront property on Thomas Mill Creek.
    • Great Area: Desirable location for building a home.
    • Undeveloped Land: Opportunity to build a custom dream home.
    • Wooded Property: Natural setting with mature trees.
    • Includes a stream toward the back of the property.
    • Public Water Available: Access to Henry County water.

    Overview

    This 7-acre property is located in Abbeville, AL, in Henry County. The land is currently undeveloped and wooded, featuring a stream toward the back of the lot. It is situated in a desirable area near Thomas Mill Creek, offering a potential site for building a home. Henry County water is available. A septic system will need to be installed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Department Store Pet Store & Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Abbeville
    County
    Henry
    State
    Alabama
    Longitude
    -85.1464198
    Latitude
    31.7143259

    Nearby Similar for Sale

    • $1,279,000

      Former Restaurant Ready For Redevelopment

      Vacant restaurant property in Abbeville, Alabama, for sale.
      650 Ozark Road, Abbeville, AL 36310
      View Details
    • $1,200,000

      Abbeville, AL Manufactured Home Park

      Well-located manufactured home park with income-producing and growth potential.
      County Road 415, Abbeville, AL 36310
      View Details
    • $350,000

      Lake Eufaula Waterfront Land

      Waterfront lot on Lake Eufaula with new boat dock.
      0-A County Road 97, Abbeville, AL 36310
      View Details
    • $185,000

      Waterfront Land on Lake Eufaula

      Unrestricted waterfront lot with panoramic views and utilities in place.
      171 Lakeview Terrace, Abbeville, AL 36310
      View Details
    • $150,000

      Residential Land in Abbeville, AL

      Residential land available in Abbeville, Alabama.
      0-B County Road 97, Abbeville, AL 36310
      View Details
    • $250,000

      Lakefront Lot in Abbeville, AL

      Gentle sloping lakefront lot with existing septic tank.
      Cove Road, Abbeville, AL 36310
      View Details
    • $599,000

      New Construction Home with Lake Views

      New construction home with lake views in Abbeville, Alabama.
      831 Englewood Drive, Abbeville, AL 36310
      View Details
    • $671,808

      200 Acre Sportsman's Retreat

      200 acre sportsman's retreat with river frontage.
      County Road 231, Abbeville, AL 36310
      View Details
    • $110,000

      Abbeville Land For Sale

      20+-acre residential or recreational land near Abbeville, Alabama.
      20+-ac State Hwy 95 (Columbia Rd), Abbeville, AL 36310
      View Details
    • $1,995,200

      464 Acres of Recreational Land

      Land with trails, lake, hunting, and utilities near Abbeville, AL.
      0 county road 222, Abbeville, AL 36310
      View Details
    • $120,000

      Waterfront Land on Lake Eufaula

      Waterfront property with sandy beach and deep water access.
      914 LAKESHORE DR, Abbeville, AL 36310
      View Details
    • $150,000

      Lake Eufaula Waterfront Lot

      Beautiful waterfront lot on Lake Eufaula, perfect for building.
      Powell Trace, Abbeville, AL 36310
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 7-acre wooded residential land near Thomas Mill Creek, Abbeville, AL.
    Where is this residential land & home lot located?
    The property is located at 203 Pebble Cove Rd Abbeville, AL.
    What is the asking price?
    The asking price for this property is $56,000.
    What are key features of this property?
    This property features: Waterfront Features: Waterfront property on Thomas Mill Creek.; Great Area: Desirable location for building a home.; Undeveloped Land: Opportunity to build a custom dream home.
    (334) 703-8765
    We can help!
    Listing Contact
    John Baker
    Real Estate License ID: 181687
    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
    203 Pebble Cove Rd, Abbeville, AL 36310
    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!