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

    2842 Lake Forest Court Southside, AL 35907

    View on Map
    Claim this Listing
    New
    For Sale
    $250,000

    LAND - Southside, AL

    Lot size:
    0.71 Acres
    Added:
    Apr 28, 2026
    Days on Market:
    7
    Last Refresh:
    May 4 at 10:06 am

    Property Features for 2842 Lake Forest Court

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    2103070001014077
    Lot size
    0.71 Acres

    Utilities

    Water source
    Public
    Water front features
    Waterfront, River Front
    Water front
    1

    We can help!

    Listing Contact
    Kathy Johnson

    Listing agent Kathy Johnson License #107929

    Listing office Copperleaf Properties LLC 120 Church Street, Rainbow City, AL

    Listing date Apr 28, 2026

    MLS# 21872728 Listing URL

    Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Lot in Southside, AL

    This 0.71-acre waterfront building lot is located in the Lake Forest Phase II community in Southside, Alabama. Situated on the main channel, Lot 4 offers water views with sunrises and sunsets. The lot features mature trees near the water, providing shade. Located at the end of a cul-de-sac, the property includes underground power. Residents have access to a private boat launch and common area. This lot is intended for building a new home.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Southside
    County
    Etowah
    State
    Alabama
    Longitude
    -86.0122
    Latitude
    33.8947

    Nearby Similar for Sale

    • $89,900

      Waterfront Lot in Southside, AL

      0.43-acre waterfront lot with wooded, sloped terrain.
      1864 Laura Drive, Southside, AL 35907
      View Details
    • $45,000

      Southside, AL Land For Sale

      Land available in Grande Vista, Southside, Alabama.
      56 Raymond Lane, Southside, AL 35907
      View Details
    • $92,900

      Buildable Lot in Southside, AL

      Flat, cleared lot in established Southside neighborhood.
      Laura Lane lot: 34, Southside, AL 35907
      View Details
    • $60,000

      Waterfront Lot in Southside, AL

      Level lot in waterfront community with water access.
      1080 Lake Forest Drive W, Southside, AL 35907
      View Details
    • $60,000

      Waterfront Lot in Southside, AL

      Residential land with water access in Southside, Alabama.
      1100 Lake Forest Drive W, Southside, AL 35907
      View Details
    • $60,000

      Waterfront Lot in Southside, AL

      Residential lot with water access in new Southside community.
      1092 Lake Forest Drive W, Southside, AL 35907
      View Details
    • $60,000

      Waterfront Lot in Southside, AL

      Residential land with water access in Southside, Alabama.
      1078 Lake Forest Drive W, Southside, AL 35907
      View Details
    • $60,000

      Waterfront Lot in Southside, AL

      Residential lot with water access in new Southside community.
      1104 Lake Forest Drive W, Southside, AL 35907
      View Details
    • $60,000

      Waterfront Lot in Southside, AL

      Level lot with water access in new Southside community.
      1088 Lake Forest Drive W, Southside, AL 35907
      View Details
    • $59,900

      Residential Lot with River View

      Cleared 1.21-acre lot in established neighborhood overlooking the river.
      1169 LAKEMONT DRIVE, SOUTHSIDE, AL 35907
      View Details
    • $80,000

      Waterfront Lot in Southside, AL

      Level lot in waterfront community with water access.
      2839 Lake Forest Court, Southside, AL 35907
      View Details
    • $80,000

      Waterfront Lot in Southside, AL

      Residential lot with water access in new Southside community.
      2873 Lake Forest Court, Southside, AL 35907
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Waterfront lot with main channel views in Southside, Alabama.
    Where is this residential land & home lot located?
    The property is located at 2842 Lake Forest Court Southside, AL.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Waterfront property on the main channel with STUNNING sunrise and sunset views.; Access to a private boat launch and common area.; Located in the new, exclusive Lake Forest Phase II waterfront community.
    (256) 312-2234
    We can help!
    Listing Contact
    Kathy Johnson
    Real Estate License ID: 107929
    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

    Thank You for Inquiry

    2842 Lake Forest Court, Southside, AL 35907

    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!