Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Fayette Commercial Property For Sale Title is generated by Realmo AI

    * 3098 Highway 171 N, Fayette, AL 35555

    View on Map
    Claim this Listing
    For Sale
    $2,200,000

    49.53-acre commercial property in Fayette, Alabama, an Opportunity Zone.

    Type:Lots/Land
    Lot size:
    49.53 Acres
    Added:
    Nov 23, 2025
    Days on Market:
    190
    Last Refresh:
    Apr 8 at 12:23 am

    Property Features for * 3098 Highway 171 N

    General Information

    Standard status
    Active
    Lot size
    49.53 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Lee Foster

    Listing agent Lee Foster License #0001282800

    Listing office Keller Williams Tuscaloosa

    Listing date Nov 23, 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 Keller Williams Tuscaloosa

    HighLights

    • 49.53‑acre commercial property in a designated Opportunity Zone.
    • Located on heavily traveled Highway 43/171 with 600+ feet of frontage.
    • Cleared for immediate development with all utilities on site.
    • Can be subdivided into smaller parcels for various commercial uses (retail, restaurant, medical, etc.).
    • Adjacent to Fayette County Multipurpose Complex and Wal‑Mart.
    • Located in Fayette, recently ranked a Top 10 Place to Live in Alabama.

    Overview

    This 49.53-acre commercial property is located in Fayette, Alabama, within a designated Opportunity Zone. The site features over 600 feet of frontage on Highway 43/171, a heavily traveled road. There are two existing access points, with proposed entryways from the adjacent Wal-Mart parking lot. The property is cleared for immediate development, and all utilities are on site. It can be subdivided into smaller parcels suitable for retail, restaurant, medical facility, fuel center, mixed-use, or commercial service development. The property is adjacent to the Fayette County Multipurpose Complex and Wal Mart. Fayette was recently ranked a Top 10 Place to Live in Alabama. The site has a high, local traffic count, presenting an opportunity to expand business in a growing and investor-friendly market.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Big Box & Wholesale Store Auto Repair Shop Nail Salon Hotel & Motel Pharmacy Gym & Fitness Center Auto Parts Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Fayette
    County
    Fayette
    State
    Alabama
    Longitude
    -87.80957
    Latitude
    33.729156

    Nearby Similar for Sale

    • $375,000
      6,000 SF

      Fayette Commercial Property with Office

      22-acre Fayette property with 6,000 SF office building.
      8th Street SE, Fayette, AL 35555
      View Details
    • $375,000

      Fayette Commercial Land with Office

      22-acre Fayette County property with 6,000 SF office building.
      8th Street SE, Fayette, AL 35555
      View Details
    • $225,000

      Fayette, AL Commercial Development Opportunity

      4.5-acre commercial parcel in Fayette, Alabama's Opportunity Zone.
      3098 Highway 171 N lot: 10, Fayette, AL 35555-6124
      View Details
    • $200,000

      Fayette Commercial Land Opportunity Zone

      2.5 acres in Fayette, Alabama, ideal for commercial development.
      3098 Highway 171 N lot: 3, Fayette, AL 35555-6124
      View Details
    • $180,000

      Fayette Commercial Development Opportunity

      4.5-acre commercial land parcel in Fayette, Alabama.
      3098 Highway 171 N lot: 6, Fayette, AL 35555-6124
      View Details
    • $200,000

      Fayette Commercial Land Opportunity Zone

      2-acre commercial land parcel in Fayette, Alabama Opportunity Zone.
      3098 Highway 171 N lot: 1, Fayette, AL 35555-6124
      View Details
    • $349,000

      Fayette, AL Vacant Land

      25.5 acre commercial or mixed-use development opportunity.
      3184 US-HWY 43, Fayette, AL 35555
      View Details
    • $129,000

      Fayette Commercial Land For Sale

      Commercial lot in the heart of Fayette, Alabama.
      TEMPLE Ave, Fayette, AL 35555
      View Details
    • $100,000

      Versatile Land Near Downtown Fayette

      43-acre wooded tract near Fayette, AL, with utilities available.
      0 County Road 108, Fayette, AL 35555
      View Details
    • $1,900,000

      Prime Commercial Land in Fayette

      Opportunity Zone commercial property with highway frontage and development potential.
      * 3098 Highway 171 N, Fayette, AL 35555-6124
      View Details
    • $359,900

      Fayette County Land with Timber

      111.82 acres in Fayette County with timber value.
      Wilkerson Road, Fayette, AL 35555
      View Details
    • $30,000

      Residential Lot in Fayette, AL

      Residential lot available for building a dream home.
      8TH Avenue SW, Fayette, AL 35555
      View Details

    FAQs

    What type of property is this?
    Commercial land - 49.53-acre commercial property in Fayette, Alabama, an Opportunity Zone.
    Where is this commercial land located?
    The property is located at * 3098 Highway 171 N Fayette, AL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 49.53‑acre commercial property in a designated Opportunity Zone.; Located on heavily traveled Highway 43/171 with **600+ feet of frontage.**; **Cleared for immediate development with all utilities on site.**
    (205) 657-1997
    We can help!
    Listing Contact
    Lee Foster
    Real Estate License ID: 0001282800
    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
    * 3098 Highway 171 N, Fayette, AL 35555
    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!