Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Lots in Miner's Cove Title is generated by Realmo AI

    2981 Sturdivant Rd, Jacksons Gap, AL 36861

    View on Map
    Claim this Listing
    For Sale
    $575,000

    Waterfront lots for sale in established community on Lake Martin.

    Type:Lots/Land
    Added:
    Nov 5, 2025
    Days on Market:
    209
    Last Refresh:
    Apr 7 at 10:37 pm

    Property Features for 2981 Sturdivant Rd

    General Information

    Standard status
    Active
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Virginia M Pettus
    Virginia M Pettus

    Listing agent Virginia M Pettus License #21933

    Listing office Aronov Realty Brokerage - Lake Martin Division

    Listing date Nov 5, 2025

    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 Aronov Realty Brokerage - Lake Martin Division

    HighLights

    • Waterfront lots on Lake Martin with covered docks allowed.
    • No timeframe to build; bring your own builder (subject to ARC approval).
    • Low HOA fees and large, flat to gently sloping, wooded lots with significant waterfrontage.
    • Located in an area of current and future growth, offering a great investment opportunity.
    • Excellent fishing.
    • Conveniently located near Alex City shopping, restaurants, medical facilities, and major cities (Birmingham, Montgomery, Atlanta).

    Overview

    New waterfront lots are available for sale in Phase 4 of Miner's Cove, expanding this established waterfront community. Covered docks are permitted, and there is no required timeframe for building. Buyers can select their own builder, subject to approval by the Architectural Review Committee (ARC). Jim Mathews Builder, the primary builder for Miner's Cove, is pre-approved. Miner's Cove features low HOA fees, large lots with flat to gently sloping terrain, wooded areas, and significant waterfrontage. The location offers opportunities for fishing and is situated in an area experiencing current and future growth on Lake Martin. These lots are considered a potentially valuable investment. The property is conveniently located near shopping, restaurants, grocery stores (including a new Publix), Russell Medical Center, and River North Marina in Alex City. Birmingham, Montgomery, and Atlanta are also easily accessible. The property is located at 2981 Sturdivant Rd, Jacksons Gap, AL 36861.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Jacksons Gap
    County
    Tallapoosa
    State
    Alabama
    Longitude
    -85.861344
    Latitude
    32.902242

    Nearby Similar for Sale

    • $124,000

      12 Acres in Tallapoosa County

      12+/- acre tract zoned Highway Commercial in Jacksons Gap, AL
      0 HIGHWAY 280, JACKSONS GAP, AL 36861
      View Details
    • $495,000

      Waterfront Lot in Miner's Cove

      Waterfront lot for sale in established community on Lake Martin.
      2653 Sturdivant Rd, Jacksons Gap, AL 36861
      View Details
    • $654,000

      Waterfront Land in Miner's Cove

      Waterfront lots in a growing Lake Martin community.
      2731 Sturdivant Rd, Jacksons Gap, AL 36861
      View Details
    • $599,000

      Waterfront Lot in Miner's Cove

      Waterfront lot with no timeframe to build in Jacksons Gap.
      2853 Sturdivant Rd, Jacksons Gap, AL 36861
      View Details
    • $438,900

      Lake Martin Waterfront Lot

      Waterfront lot in Miner's Cove community with 407 feet waterfront.
      2463 Sturdivant Rd, Jacksons Gap, AL 36861
      View Details
    • $379,000

      Lake Martin Waterfront Land

      Affordable waterfront lot in Miner's Cove community.
      2325 Sturdivant Rd, Jacksons Gap, AL 36861
      View Details
    • $329,500

      Lake Martin Waterfront Lot

      Waterfront lot in Russell Lands development with seawall and pier.
      411 Columbine Dr, Jacksons Gap, AL 36861
      View Details
    • $299,000

      Waterfront Lot in Baywood

      Waterfront lot with mature trees in Baywood of River
      BAY POINT Drive, JACKSONS GAP, AL 36861
      View Details
    • $575,000

      Waterfront Lots in Miner's Cove

      Waterfront lots available in established community near Lake Martin.
      2949 Sturdivant Rd, Jacksons Gap, AL 36861
      View Details
    • $174,999

      Lake Martin Land For Sale

      Affordable wooded lot near Lake Martin, Alabama.
      1728-31 Sturdivant Rd, Jacksons Gap, AL 36861
      View Details
    • $800,000

      Lake Martin Waterfront Land Opportunity

      Waterfront lots on Lake Martin for building a dream home.
      AMBER Drive lot: 1 And 2, JACKSONS GAP, AL 36861
      View Details
    • $399,000

      Lake Martin Waterfront Lot

      Waterfront lot in Miner's Cove community with lake views.
      2463 Sturdivant Rd, Jacksons Gap, AL 36861
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront lots for sale in established community on Lake Martin.
    Where is this waterfront land located?
    The property is located at 2981 Sturdivant Rd Jacksons Gap, AL.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Waterfront lots on Lake Martin with covered docks allowed.; No timeframe to build; bring your own builder (subject to ARC approval).; **Low HOA fees and large, flat to gently sloping, wooded lots with significant waterfrontage.**
    (334) 549-3933
    We can help!
    Listing Contact
    Virginia M Pettus
    Virginia M Pettus
    Real Estate License ID: 21933
    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
    2981 Sturdivant Rd, Jacksons Gap, AL 36861
    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!