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

    248 Co Rd 329 Crane Hill, AL 35053

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,255,000

    Private acreage near Smith Lake with workshop and shoreline.

    Type:Farm
    Property size:
    2,000 SF
    Lot size:
    16.00 Acres
    Price / SF:
    $627/SF
    Added:
    Feb 10, 2026
    Days on Market:
    79
    Last Refresh:
    Apr 8 at 12:03 am

    Property Features for 248 Co Rd 329

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Lot size
    16.00 Acres
    Property subtype
    Farm

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Becky Flack
    Becky Flack

    Listing agent Becky Flack License #000088564-0

    Listing office Culpepper Real Estate Inc

    Listing date Feb 10, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Culpepper Real Estate Inc

    Overview

    Smith Lake Acreage with Workshop

    This private acreage, featuring a gated entrance, encompasses 16 +/- acres and offers a blend of convenience and seclusion. Located a short drive from I-65 Exit 305, the property includes seasonal water access to Smith Lake, with approximately 1660 feet of shoreline suitable for activities like kayaking and swimming. The land features a tree-lined, half-acre deep pond stocked with bream. A large 32x112 pole barn is present, which includes an enclosed 24x24 concrete workshop equipped with both power and water. The property also contains a well-maintained home with 1972 architecture. Additional features include fruit trees, a large garden area, and a small dog kennel. There are three septic tanks on the property, along with power and water access located behind the pond suitable for mobile or tiny homes. Both well water and public water are available on the property. The property size is 2000 square feet.
    Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Auto Repair Shop Hotel & Motel Travel Agency Bed & Breakfast (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Crane Hill
    County
    Cullman
    State
    Alabama
    Longitude
    -86.979137
    Latitude
    34.087983

    Nearby Similar for Sale

    • $275,000

      Wooded Acreage with Refurbished Mobile Homes

      Two-acre wooded property with five refurbished mobile homes near Smith Lake.
      14095 COUNTY ROAD 222, CRANE HILL, AL 35053
      View Details
    • $275,000

      Renovated Mobile Homes Near Smith Lake

      Five renovated mobile homes on two wooded acres near Smith Lake.
      14095 Hwy 222, Crane Hill, AL 35053
      View Details

    FAQs

    What type of property is this?
    Farm - Private acreage near Smith Lake with workshop and shoreline.
    Where is this farm located?
    The property is located at 248 Co Rd 329 Crane Hill, AL.
    What is the asking price?
    The asking price for this property is $1,255,000.
    What are key features of this property?
    This property features: Private 16 +/- acre property with gated entrance.; Seasonal water access to Smith Lake with **1660 ft of shoreline**.; Large 32x112 pole barn with **24x24 enclosed concrete workshop** (power and water).
    (256) 385-5764
    We can help!
    Listing Contact
    Becky Flack
    Becky Flack
    Real Estate License ID: 000088564-0
    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!