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    New Construction Home with Pool Title is generated by Realmo AI

    243 Cascade Dr, Florence, AL 35633

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    Claim this Listing
    New
    For Sale
    $994,500

    Residential - 2 Story,Contemporary,Craftsman,Farmhouse,New Construction,Under Construction

    Type:Farm
    Property size:
    3,610 SF
    Lot size:
    0.68 Acres
    Price / SF:
    $275/SF
    Added:
    May 19, 2026
    Days on Market:
    4
    Last Refresh:
    May 22 at 9:06 am

    Property Features for 243 Cascade Dr

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Property condition
    New Construction
    Zoning
    00 Residential
    Bedrooms
    5
    Bathrooms
    4
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Den, Dining Room, Family Room, Kitchen, Laundry, Living Room
    Parking features
    Driveway, Garage
    Pool private
    1
    Interior features
    Breakfast Bar, Ceiling - Smooth, Ceiling - Speciality, Ceiling Fan(s) (interior), Ceiling-cathedral, Ceiling-vaulted, Chandelier, Counters-granite, Counters-quartz, Eat-in Kitchen, High Speed Internet, Kitchen Island, Open Floorplan, Pantry (interiorfeatures), Tile Shower, Walk-in Closet(s)
    Exterior features
    Barbecue (exteriorfeat), Built-in Barbecue, Outdoor Grill, Private Yard, Cleared (lotfeatures), Cul-de-sac, Landscaped, Private (lotfeatures), Sprinkler System, Pool, Fence
    Fencing
    Fenced
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Range, Refrigerator, Washer
    Standard status
    Active
    APN
    15-02-10-0-001-078-023
    Size
    3,610 SF
    Lot size
    0.68 Acres

    Taxes and HOA fees

    Tax Annual Amount
    519.4
    Expense value
    250
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Annually

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2026
    Floors in Building
    2
    Flooring type
    Vinyl
    Building materials
    Brick
    Architectural style
    Contemporary

    We can help!

    Listing Contact
    Jody Lanier

    Listing agent Jody Lanier License #000113248

    Listing office RE/MAX Tri-State 210-B Seville Street, Florence, AL

    Listing date May 19, 2026

    MLS# 528987 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

    • New construction custom home in the desirable Cedar Ridge subdivision.
    • Large, over half‑acre cul‑de‑sac lot featuring a private Gunite pool and outdoor kitchen.
    • Finished walk‑out basement perfect for entertaining and relaxing.
    • Spacious 3,600+ sq ft layout with 5 bedrooms and 4 baths.
    • Main‑level primary suite with impressive en‑suite bath.
    • High‑end finishes including granite countertops, custom cabinetry, and life‑proof flooring.

    Overview

    This modern custom home is currently under construction in the Cedar Ridge subdivision. Situated on a large 0.68-acre cul-de-sac lot, the residence will offer over 3,600 square feet of living space, featuring 5 bedrooms and 4 baths. Interior finishes include granite countertops, custom cabinetry, and life-proof flooring. The main level will house a primary suite with an en-suite bath. Cathedral ceilings will enhance the open feel of the home. A finished walk-out basement will provide access to a Gunite pool and an outdoor kitchen designed for entertaining and relaxation. The intended use of the property is residential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Kitchen & Bath Showroom Food Market Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.6821717
    Latitude
    34.8901665

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    FAQs

    What type of property is this?
    Residential land & home lot - Under-construction home with pool, 5 bedrooms, and 4 baths.
    Where is this residential land & home lot located?
    The property is located at 243 Cascade Dr Florence, AL.
    What is the asking price?
    The asking price for this property is $994,500.
    What are key features of this property?
    This property features: New construction custom home in the desirable Cedar Ridge subdivision.; **Large, over half‑acre cul‑de‑sac lot featuring a private Gunite pool and outdoor kitchen.**; **Finished walk‑out basement perfect for entertaining and relaxing.**
    (256) 762-6528
    We can help!
    Listing Contact
    Jody Lanier
    Real Estate License ID: 000113248
    Learn More
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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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