Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Logan Martin Lake Waterfront Lot Title is generated by Realmo AI

    LOT 29 Waites N Drive 29, Cropwell, AL 35054

    View on Map
    Claim this Listing
    For Sale
    $274,900

    Beautiful waterfront lot on Logan Martin Lake with unique layout.

    Type:Lots/Land
    Added:
    Mar 9, 2026
    Days on Market:
    86
    Last Refresh:
    Apr 7 at 9:15 pm

    Property Features for LOT 29 Waites N Drive 29

    General Information

    Standard status
    Active
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Karen Bain
    Karen Bain

    Listing agent Karen Bain License #86694

    Listing office Fields Gossett Realty

    Listing date Mar 9, 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 Fields Gossett Realty

    HighLights

    • Beautiful bluff view on the main channel of Logan Martin Lake.
    • Slough side with gentle slope to the water and year‑round depth.
    • Unique layout offering both bluff view and slough access.
    • Dock on the slough side provides protection from main channel.
    • Great for swimming.
    • Ideal for paddle boarding and canoeing.

    Overview

    This property is a waterfront land lot located on Logan Martin Lake. The lot's layout features a bluff view on the main channel and a slough side with a gentle slope to the water, providing year-round depth. The slough side is suitable for a dock, offering protection and opportunities for swimming, paddle boarding, and canoeing.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cropwell
    County
    St. Clair
    State
    Alabama
    Longitude
    -86.3429
    Latitude
    33.458

    Nearby Similar for Sale

    • $1,200,000

      Commercial Land in CROPWELL, AL

      3.6 acres of commercially zoned land in CROPWELL, AL.
      2908 MARTIN STREET, CROPWELL, AL 35054
      View Details
    • $199,900

      Income-Producing Mobile Home Park

      One-acre mobile home park with income potential in Cropwell.
      15 DONAHOO DRIVE, CROPWELL, AL 35054
      View Details
    • $699,900
      4,006 SF

      Equestrian Property with Mountain Views

      Four-bedroom home with barn and pastureland, Cheaha Mountain views.
      3953 Logan Martin Dam E Road, CROPWELL, AL 35054
      View Details
    • $664,900
      1,615 SF

      Cropwell Farmhouse on 47 Acres

      Charming farmhouse with fenced acreage, shop, and barn.
      1150 Camp Creek Road, CROPWELL, AL 35054
      View Details
    • $199,900

      Income-Producing Mobile Home Park

      Mobile home park with income potential on approximately one acre.
      15 Donahoo Drive, CROPWELL, AL 35054
      View Details
    • $30,000

      Lake Access Residential Lots

      Two adjoining lots in River Run Subdivision.
      0 RIVER VIEW DRIVE, CROPWELL, AL 35054
      View Details
    • $75,000

      Unrestricted Wooded Land on Logan Martin

      Unrestricted 4.3 acre wooded land on Logan Martin Dam Road.
      3640 LOGAN MARTIN DAM ROAD, CROPWELL, AL 35054
      View Details
    • $75,000

      Unrestricted Wooded Land For Sale

      Unrestricted wooded land available on Logan Martin Dam Road.
      3640 Logan Martin Dam Road 3640, CROPWELL, AL 35054
      View Details
    • $1,590,000

      Boat & RV Storage Facility

      Boat and RV storage facility for sale in Cropwell, AL.
      160 Lake Shore Dr, Cropwell, AL 35054
      View Details
    • $247,000

      Pell City Wooded Acreage

      19 wooded acres within Pell City limits, convenient to town.
      000 Homestead Drive, CROPWELL, AL 35054
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Beautiful waterfront lot on Logan Martin Lake with unique layout.
    Where is this waterfront land located?
    The property is located at LOT 29 Waites N Drive 29 Cropwell, AL.
    What is the asking price?
    The asking price for this property is $274,900.
    What are key features of this property?
    This property features: Beautiful bluff view on the main channel of Logan Martin Lake.; Slough side with gentle slope to the water and year‑round depth.; Unique layout offering both bluff view and slough access.
    (205) 473-4613
    We can help!
    Listing Contact
    Karen Bain
    Karen Bain
    Real Estate License ID: 86694
    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
    LOT 29 Waites N Drive 29, CROPWELL, AL 35054
    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!