Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21541 Hwy 31 Flomaton, AL 36441

    View on Map
    Picture of Other land at 21541 Hwy 31, Flomaton, AL
    For Sale
    $75,000

    0.4 Acres Land For Sale

    Property size:
    17,424 SF
    Lot size:
    0.40 Acres
    Added:
    Feb 13, 2025
    Days on Market:
    412
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 21541 Hwy 31

    General Information

    Standard status
    Active
    Property type
    Other land, Commercial land, Residential land & home lots, Land
    Size
    17,424 SF
    Elevators
    N/A
    Lot size
    0.40 Acres

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul

    Listing office

    Listing date Feb 13, 2025

    Overview

    Commercial Lot Ready For Development

    This 0.4-acre commercial lot is located in Flomaton, Alabama, near the intersection of Sidney E. Manning Blvd and US Hwy 31. The property is fully cleared and ready for immediate development. Zoned for commercial use, this lot is suitable for a variety of ventures, including retail, office space, or other business enterprises. Essential utilities, including water and sewer, are readily available. The property's proximity to major highways provides convenient access for both local and regional traffic. Its position near the end of Sidney E. Manning Blvd ensures high traffic flow, benefiting from the presence of established businesses in the immediate vicinity. The property size is 17424 PropertySizeUnits.
    Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Gym & Fitness Center Pharmacy Nail Salon Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Flomaton
    County
    Escambia
    State
    Alabama
    Longitude
    -87.2802
    Latitude
    31.1088

    Nearby Similar for Sale

    • $279,000

      Unrestricted Acreage Near U.S. Highways

      29.9+/- acres near Flomaton, AL, ideal for hunting, building.
      0 Tom Shivers Road, Flomaton, AL 36441
      View Details
    • $208,040

      Secluded Wooded Land in Flomaton

      29.72 acres of wooded land near Flomaton amenities.
      0 Old Fannie Road, Flomaton, AL 36441
      View Details
    • $208,040

      Secluded Wooded Land in Flomaton

      29.72-acre tract offers peaceful, private homesite potential.
      Old Fannie Rd, Flomaton, AL 36441
      View Details
    • $66,810

      7.86 Acres of Wooded Land

      Unrestricted 7.86-acre land parcel ready for development in Flomaton, AL.
      01 Clifton Ln, Flomaton, AL 36441
      View Details
    • $100,000

      Land Along Little Escambia Creek

      Land with pristine creek access in Flomaton, Alabama.
      0 Wolf Log Road, Flomaton, AL 36441
      View Details
    • $100,000

      Land Along Little Escambia Creek

      Land for sale along pristine Little Escambia Creek.
      0 Wolf Log Road, Flomaton, AL 36441
      View Details
    • $100,000

      Land Along Little Escambia Creek

      Land for sale along pristine Little Escambia Creek.
      0 Wolf Log Road, Flomaton, AL 36441
      View Details
    • $100,000

      Land Along Little Escambia Creek

      Land for sale along pristine Little Escambia Creek.
      0 Wolf Log Road, Flomaton, AL 36441
      View Details
    • $775,737
      3,036 SF

      Retail Property on US-31 Corridor

      Retail property in Flomaton, Alabama, near Florida border.
      21465 Us Hwy 31, Flomaton, AL
      View Details
    • $146,685

      Creek Front Acreage in Flomaton

      26.67 acres with creek frontage, ideal for recreation.
      1131 Wolf Log Rd, Flomaton, AL 36441
      View Details

    FAQs

    What type of property is this?
    Land - 0.4 Acres Land For Sale
    Where is this land located?
    The property is located at 21541 Hwy 31 Flomaton, AL.
    What is the asking price?
    The asking price for this property is $75,000.
    (850) 564-0120
    We can help!
    Listing Contact
    Paul Salter
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!