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    Agricultural Land with Stocked Pond Title is generated by Realmo AI

    23 Acres OLD CENTRE HIGHWAY lot 23 Acres, Piedmont, AL 36272

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    Claim this Listing
    For Sale
    Under Contract
    $270,000

    LAND - PIEDMONT, AL

    Lot size:
    23.00 Acres
    Added:
    Mar 25, 2026
    Days on Market:
    71
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for 23 Acres OLD CENTRE HIGHWAY lot 23 Acres

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    01-09-31-0-004-002.000
    Lot size
    23.00 Acres

    Taxes and HOA fees

    Tax Description
    Part Of: SEC 31 TSP 12S R 10E BEG 73 N OF SE COR FRAC 16 TH SW 226 W 179 NW 447.88 SW 299.88 SE 400 W 1202 N 1317 E 725 S 25 SW 324 SELY 592.17 E 98.14 NELY 321.62 NW 319.33 SW 188 N 525.5 SELY 593 SW 328.68 SELY 238.45 NE 217.99 NW 253 NE 49 S 311.12 E 301.19 N 81.24 NE 25 SW 99 W 462 SW 90 SE 342.08 ELY 286 SW 835 TO POB PIEDMONT AL

    Utilities

    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Phillip Winkles
    Phillip Winkles

    Listing agent Phillip Winkles License #86373

    Listing office KW Realty Group 1805 Hillyer Robinson PKWAY, Anniston, AL

    Listing date Mar 25, 2026

    MLS# 21447727 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 23‑acre property with a fully stocked pond and approximately 700 ft of creek frontage
    • Multiple building sites with established road system providing access throughout the property
    • Open pasture areas ready for livestock or gardening
    • Zoned agricultural; mini farm/homestead use supported
    • Modular/manufactured homes allowed with city approval
    • City water and electricity already in place; water source is public

    Overview

    This 23-acre agricultural land parcel includes a fully stocked pond and approximately 700 feet of creek frontage. The property offers open pasture areas and multiple potential building sites, supported by an established road system for access across the land. City water and electricity are already in place, and modular or manufactured homes are allowed with city approval.

    Located in Piedmont, Alabama in Calhoun County, the property is described as a land offering on Old Centre Highway. The acreage is arranged to support a mix of recreation and day-to-day farm use, with frontage along the creek and room for future homestead or farm improvements.

    For buyers seeking a mini-farm or homestead environment, the combination of pond water, pasture space, and creek frontage can support light agricultural uses, gardening, or outdoor recreation. With agricultural zoning and existing utilities, the site is also practical for planning a private retreat or a residence built on one of the available building areas, subject to city approval for modular or manufactured homes.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Piedmont
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.6232011
    Latitude
    33.9425493

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - 23 acres with a fully stocked pond, creek frontage, and established access, plus city water and electricity in place.
    Where is this agricultural land / farmland located?
    The property is located at 23 Acres OLD CENTRE HIGHWAY lot 23 Acres Piedmont, AL.
    What is the asking price?
    The asking price for this property is $270,000.
    What are key features of this property?
    This property features: 23‑acre property with a fully stocked pond and approximately 700 ft of creek frontage; Multiple building sites with established road system providing access throughout the property; Open pasture areas ready for livestock or gardening
    (256) 282-6446
    We can help!
    Listing Contact
    Phillip Winkles
    Phillip Winkles
    Real Estate License ID: 86373
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    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.

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