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

    3083 S Alabama Avenue Monroeville, AL 36460

    View on Map
    Claim this Listing
    For Sale
    $199,999

    Land - Monroeville, AL

    Lot size:
    2.60 Acres
    Added:
    Dec 8, 2025
    Days on Market:
    148
    Last Refresh:
    May 5 at 1:06 am

    Property Features for 3083 S Alabama Avenue

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Within Corp Limits
    Standard status
    Active
    APN
    512606144000012000 & 011.000
    Lot size
    2.60 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Valerie Griffin
    Valerie Griffin

    Listing agent Valerie Griffin License #105222

    Listing office Avast Realty Orange Beach 4851 Wharf Pkwy, Orange Beach, AL

    Listing date Dec 8, 2025

    MLS# 388840 Listing URL

    Copyright © 2026 Baldwin REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Monroeville Commercial Land Opportunity

    This prime commercial property features two adjoining commercial/industrial-zoned lots in Monroeville. Located moments from Walmart and other major retailers, the property is positioned along South Alabama Highway, offering excellent road frontage, high visibility, and steady traffic flow. The location is suitable for a wide range of development opportunities. Both lots are cleared and ready for development, offering possibilities for a convenience store, restaurant, retail plaza, tire business, or other service-based operations. The property has sewer, water, and gas available. The total lot size is 2.6 acres. The property is located within corporate limits.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Building Supply Auto Repair Shop Big Box & Wholesale Store Nail Salon Hotel & Motel Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Monroeville
    County
    Monroe
    State
    Alabama
    Longitude
    -87.327704
    Latitude
    31.485131

    Nearby Similar for Sale

    • $175,000

      Monroeville Commercial Building with Drive-Thru

      2,810 SF retail building with drive-thru on 1.26 acres.
      3106 S. Alabama Ave., Monroeville, AL 36460
      View Details
    • $376,000

      Monroeville Vacant Land Package

      Three tracts of land near Monroeville, Alabama, for sale.
      0 Highway 21, Monroeville, AL 36460
      View Details
    • $11,500

      Monroeville Corner Lot Opportunity

      Corner lot with residential or commercial potential in Monroeville, AL.
      918 Ivey Street, Monroeville, AL 36460
      View Details
    • $992,000
      7,000 SF

      Advance Auto Parts For Sale

      Advance Auto Parts property with long operating history since 1995.
      21 Hwy 21 S, Monroeville, AL
      View Details
    • $196,000

      Monroeville Vacant Land For Sale

      56 acres of land with creek frontage near Monroeville.
      0 Friend Drive, Monroeville, AL 36460
      View Details
    • $12,500

      Corner Lot with Development Potential

      Approximately half-acre corner lot suitable for residential or commercial use.
      918 Ivey Street, Monroeville, AL 36460
      View Details
    • $60,000

      Monroeville Residential Lots For Sale

      Spacious lots in Monroeville, AL, ideal for building or investment.
      1508 S Alabama Avenue, Monroeville, AL 36460
      View Details
    • $650,000
      435,600 SF

      0.8 - 10 Acres Walmart Outparcels Restaurant/Retail/Medical/Office/Storage For Sale

      10 acres of prime commercial land next to Walmart.
      Highway 21, Monroeville, AL 36460
      View Details
    • $650,000
      435,600 SF

      0.8 - 10 Acres Walmart Outparcels Restaurant/Retail/Medical/Office/Storage For Sale

      10 acres of prime commercial land next to Walmart.
      Highway 21, Monroeville, AL 36460
      View Details
    • $220,000

      Freestanding Retail/Office Building For Sale

      2,000 SF building on main commercial corridor in Monroeville.
      1201 S Alabama Ave, Monroeville, AL
      View Details
    • $100,000

      Monroeville Multifamily Rehab Opportunity

      16-unit multifamily building on 0.8 acres, redevelopment potential.
      mobile street, Monroeville, AL
      View Details
    • $100,000
      4,800 SF

      4,800 SF Building on 0.8 AC For Sale

      16-unit multifamily building on 0.8 acres near historic district.
      Mobile street, Monroeville, AL 36460
      View Details

    FAQs

    What type of property is this?
    Commercial land - Two cleared commercial lots in high-traffic Monroeville location.
    Where is this commercial land located?
    The property is located at 3083 S Alabama Avenue Monroeville, AL.
    What is the asking price?
    The asking price for this property is $199,999.
    What are key features of this property?
    This property features: High‑traffic location near Walmart and other major retailers.; Two adjoining commercial/industrial zoned lots.; Direct road frontage on South Alabama Highway.
    (251) 238-2225
    We can help!
    Listing Contact
    Valerie Griffin
    Valerie Griffin
    Real Estate License ID: 105222
    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
    3083 S Alabama Avenue, Monroeville, AL 36460
    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!