Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Town Creek Commercial Land Available Title is generated by Realmo AI

    23590 Hwy 157 N & Hwy 101 N, Town Creek, AL 35603

    View on Map
    Claim this Listing
    For Sale
    $399,900

    Commercial - Town Creek, AL

    Lot size:
    2.05 Acres
    Added:
    May 19, 2026
    Days on Market:
    15
    Last Refresh:
    Jun 2 at 5:06 am

    Property Features for 23590 Hwy 157 N & Hwy 101 N

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Garage
    Standard status
    Active
    APN
    11 09 30 0 000 009.002
    Lot size
    2.05 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Brent Vandiver

    Listing agent Brent Vandiver

    Listing office America's Outdoor Realty 1660 Lee Street, Rogersville, AL

    Listing date May 19, 2026

    MLS# 11777882 Listing URL

    Copyright © 2026 My State 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

    • Garage parking.
    • Location coordinates provided.

    Overview

    This commercial land is located in Town Creek, Alabama. The property has a lot size of 2.05 acres. It is located at 23590 Hwy 157 N & Hwy 101 N, Town Creek, AL 35603.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Town Creek
    County
    Lawrence
    State
    Alabama
    Longitude
    -87.0089
    Latitude
    34.54

    Nearby Similar for Sale

    • $229,000
      3,600 SF

      Town Creek Commercial Building For Sale

      3,600 SF commercial building on 0.31 acres in Town Creek.
      15908 Main ST (HWY 101), Town Creek, AL 35672
      View Details
    • $229,000
      3,600 SF

      Restaurant Building in Town Creek

      Restaurant building with equipment on 0.31 acres for sale.
      15908 Main Street, Town Creek, AL 35672
      View Details
    • $180,000

      18 Acres of Farmland

      Two parcels of farmland totaling 18 acres in Town Creek.
      16120 E Alabama Highway 20, Town Creek, AL 35672
      View Details
    • $119,900

      15 Acres of Wooded Land

      Land with trees and boulders suitable for cabin or tiny houses.
      15acres Highway 101, Town Creek, AL 35672
      View Details
    • $44,000

      Cleared Land in Town Creek

      6.5+/- acre homesite ready for your dream home.
      151 County Road 113, Town Creek, AL 35672
      View Details
    • $28,000

      Unrestricted Land in Town Creek

      Two unrestricted acres in Town Creek, Alabama, ready for development.
      2 acres County Road 257, Town Creek, AL 35672
      View Details
    • $399,900

      2.05 Acres of Land

      2.05 acres of land available for sale.
      3401 AL HWY 101, Town Creek, AL 35672
      View Details
    • $256,000

      Land with Utilities and Pond

      Land with utilities, pond, and no restrictions on building.
      10184 Al Highway 101, Town Creek, AL
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.05 acre commercial land for sale in Town Creek.
    Where is this commercial land located?
    The property is located at 23590 Hwy 157 N & Hwy 101 N Town Creek, AL.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: Garage parking.; Location coordinates provided.
    (938) 275-0874
    We can help!
    Listing Contact
    Brent Vandiver
    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
    23590 Hwy 157 N & Hwy 101 N, Town Creek, AL 35603
    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!