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

    291 Crain Lane Lot 3 Sylacauga, AL 35151

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Flat waterfront lot with pier on Pecker Wood Creek.

    Type:Lots/Land
    Added:
    Feb 16, 2026
    Days on Market:
    60
    Last Refresh:
    Apr 7 at 9:53 pm

    Property Features for 291 Crain Lane Lot 3

    General Information

    Standard status
    Active
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Scott White
    Scott White

    Listing agent Scott White License #111146

    Listing office Infinity Real Estate LLC

    Listing date Feb 16, 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 Infinity Real Estate LLC

    Overview

    Waterfront Land on Lay Lake

    This is a flat waterfront property located on Pecker Wood Creek, with access to Lay Lake. The lot features a pier and has public water already in place. It is suitable for building a small cabin for weekend use or for full-time living.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Restaurant Hotel & Motel Electrical Service Restaurant Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Sylacauga
    County
    Talladega
    State
    Alabama
    Longitude
    -86.479251
    Latitude
    33.091589

    Nearby Similar for Sale

    • $150,000

      Commercial Space in Sylacauga, AL

      Well-maintained commercial space suitable for various business ventures.
      23 BROWN AVENUE, SYLACAUGA, AL 35150
      View Details
    • $450,000

      Downtown Sylacauga Mixed-Use Building

      Mixed-use building in downtown Sylacauga, ready for your personal touch.
      407 W FORT WILLIAMS STREET, SYLACAUGA, AL 35150
      View Details
    • $599,000

      234 Acres Sylacauga Development Opportunity

      234± acres in Sylacauga, AL, ideal for development or recreation.
      1925 COALING ROAD, SYLACAUGA, AL 35151
      View Details
    • $199,997

      Lay Lake Waterfront Lot

      Waterfront lot with community amenities on Lay Lake.
      00 BOATHOUSE CIRCLE, SYLACAUGA, AL 35151
      View Details
    • $18,500

      Residential Lot in Sylacauga, AL

      Build-ready lot with dual street access near Coosa Valley.
      205 WESTERN AVENUE, SYLACAUGA, AL 35150
      View Details
    • $240,000

      Sylacauga Industrial Investment Opportunity

      Industrial property with multiple buildings on 3.22 acres.
      10 EASTERN AVENUE, SYLACAUGA, AL 35150
      View Details
    • $150,000

      SYLACAUGA Mixed-Use Property For Sale

      11-bedroom, 7-bathroom property with mixed-use zoning in SYLACAUGA, AL.
      7 S NORTON AVENUE, SYLACAUGA, AL 35150
      View Details
    • $18,500

      Two Adjoining City Parcels

      Two adjoining city parcels, ideal for residential or investment use.
      0 WESTERN AVENUE, SYLACAUGA, AL 35150
      View Details
    • $30,000

      Sylacauga Land Ready For Development

      Level .30-acre lot near hospital and downtown Sylacauga, Alabama.
      212 S BOLTON AVENUE, SYLACAUGA, AL 35150
      View Details
    • $39,700

      Lay Lake Homesite Opportunity

      Level homesite near Lay Lake with water access.
      SUNSET LANE, SYLACAUGA, AL 35151
      View Details
    • $49,700

      Lay Lake Main Channel Lot

      Main channel Lay Lake lot in gated community with amenities.
      SHORE SIDE LANE, SYLACAUGA, AL 35151
      View Details
    • $249,900
      5,726 SF

      Versatile Building for Retail/Office/Medical

      Adaptable 5726 sq ft building suitable for various business uses.
      204 W 1st Street, SYLACAUGA, AL 35150
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Flat waterfront lot with pier on Pecker Wood Creek.
    Where is this waterfront land located?
    The property is located at 291 Crain Lane Lot 3 Sylacauga, AL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Flat, waterfront property on Pecker Wood Creek with access to Lay Lake.; Pier already in place.; Public water already in place.
    (256) 935-0061
    We can help!
    Listing Contact
    Scott White
    Scott White
    Real Estate License ID: 111146
    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!