Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Undeveloped Land Near Weiss Lake Title is generated by Realmo AI

    Tract 3 County Road 450, Centre, AL 35960

    View on Map
    Claim this Listing
    For Sale
    $31,250

    LAND - Centre, AL

    Lot size:
    1.25 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    72
    Last Refresh:
    May 14 at 4:06 am

    Property Features for Tract 3 County Road 450

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1308270000010.011
    Lot size
    1.25 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Cathy Griffeth
    Cathy Griffeth

    Listing agent Cathy Griffeth License #89974

    Listing office Lakeweissalabama.Com 3545 Al Hwy 9, Cedar Bluff, AL

    Listing date Mar 3, 2026

    MLS# 21911106 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.

    HighLights

    • Unrestricted land near Weiss Lake.
    • Five adjoining tracts offer flexibility for investors and builders.
    • Located near Weiss Lake, the "Crappie Capital of the World", ideal for fishing, boating, and outdoor recreation.
    • Opportunity to purchase one or all five tracts.
    • Public water source available.
    • Rare opportunity for development in a desirable lake area.

    Overview

    This is an offering of undeveloped, unrestricted land near Weiss Lake in Centre, Alabama, known as the "Crappie Capital of the World" and a year-round destination for fishing, boating, and outdoor recreation. The seller is offering 5 adjoining tracts. This provides flexibility for investors and builders. One tract can be purchased for a personal getaway, or all five can be secured for a larger development opportunity. One of the tracts is 1.25 acres. A holding tank is required for septic. The property is subject to Alabama Power Shoreline Management Guidelines.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Suggested Use

    Building Supply Auto Repair Shop Hotel & Motel Department Store Car Rental Facility Bed & Breakfast Pet Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Centre
    County
    Cherokee
    State
    Alabama
    Longitude
    -85.577304
    Latitude
    34.144317

    Nearby Similar for Sale

    • $1,950,000
      7,752 SF

      Commercial Property with Income Potential

      Profitable commercial property featuring gun shop, shooting range, and storage.
      996 Cedar Bluff Road, Centre, AL 35960
      View Details
    • $1,650,000
      11,000 SF

      Established Fitness and Health Spa

      Multi-business establishment with fitness center, salon, clinic, and rental income.
      1199 Chesnut Bypass, Centre, AL 35960
      View Details
    • $669,000
      7,200 SF

      Professional Office Building For Sale

      7,200+/- sq ft office building in high-traffic area.
      1551 Chestnut Bypass, Centre, AL 35960
      View Details
    • $799,000
      10,500 SF

      Modern Retail Building in Centre

      Vacant 10,500 SF retail building constructed in 2021.
      8599 US Hwy 411, Centre, AL 35960
      View Details
    • $529,000

      Private Acreage with Modern Upgrades

      Serene 10-acre property with updated home and large shop.
      12325 US Highway 411 N, Centerville, AL 35960
      View Details
    • $38,000

      Commercial Land on US HWY

      3.38-acre commercial land tract with road access.
      8485 US Highway 411, Centre, AL 35960
      View Details
    • $48,000

      Unrestricted Land on Highway 411

      3.4+/- acres with road frontage near Weiss Lake.
      9405 US Highway 411 N, Centre, AL 35960
      View Details
    • $145,000

      6 Acres with Stocked Pond

      6 acres with stocked pond near Weiss Lake.
      6210 County Road 22, Centre, AL 35960
      View Details
    • $69,000

      Weiss Lake Getaway Opportunity

      Land near Weiss Lake, perfect for recreation and relaxation.
      County Road 520 lot: 6, Centre, AL 35960
      View Details
    • $239,000

      Lake Weiss Waterfront Land

      Lakefront lots with campers, ideal for relaxation and recreation.
      617 County Road 432, Centre, AL 35960
      View Details
    • $59,000

      Land Near Weiss Lake

      Recreational land near Weiss Lake, the 'Crappie Capital'.
      County Road 520 lot: 7, Centre, AL 35960
      View Details
    • $325,000

      Lakefront Property with Turnkey Setup

      Three lake lots with camper, dock, and entertaining areas.
      345 CR 1036, Centre, AL 35959
      View Details

    FAQs

    What type of property is this?
    Land - Unrestricted land near Weiss Lake, ideal for recreation and development.
    Where is this land located?
    The property is located at Tract 3 County Road 450 Centre, AL.
    What is the asking price?
    The asking price for this property is $31,250.
    What are key features of this property?
    This property features: Unrestricted land near Weiss Lake.; Five adjoining tracts offer flexibility for investors and builders.; Located near Weiss Lake, the "Crappie Capital of the World", ideal for fishing, boating, and outdoor recreation.
    (678) 986-6103
    We can help!
    Listing Contact
    Cathy Griffeth
    Cathy Griffeth
    Real Estate License ID: 89974
    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
    Tract 3 County Road 450, Centre, AL 35960
    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!