Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Prime Development Land Opportunity Title is generated by Realmo AI

    311 Nisbet NW Street, Jacksonville, AL 36265

    View on Map
    Claim this Listing
    For Sale
    $3,400,000

    4+ acre parcel ideal for retail, multifamily, or hospitality development.

    Type:Commercial/Industrial
    Property size:
    950 SF
    Lot size:
    4.00 Acres
    Price / SF:
    $3,578/SF
    Added:
    Aug 8, 2025
    Days on Market:
    299
    Last Refresh:
    Apr 7 at 9:30 pm

    Property Features for 311 Nisbet NW Street

    General Information

    Standard status
    Active
    Size
    950 SF
    Lot size
    4.00 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Chris Bobo
    Chris Bobo

    Listing agent Chris Bobo License #121813

    Listing office KW Realty Group

    Listing date Aug 8, 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 KW Realty Group

    HighLights

    • Prime development opportunity in a high‑demand location off HWY 204.
    • 4+ acre parcel with unmatched accessibility and exposure from multiple ingress/egress points.
    • High traffic count and extreme visibility ideal for retail, multifamily, mixed‑use, or hospitality development.
    • Located near thriving campus buildings, established student housing, and steady commercial growth.
    • Western boundary lined by the popular Ladiga Trail, increasing pedestrian and cycling traffic.
    • Jacksonville area primed for growth due to recent NCAA reclassification.

    Overview

    This 4+ acre parcel is strategically positioned off HWY 204, surrounded by campus buildings, student housing, and commercial growth. The western boundary is lined by the Ladiga Trail, adding pedestrian and cycling traffic. The site offers accessibility and exposure with multiple ingress/egress points from several roads. The high traffic count and visibility make it suitable for retail, multifamily, mixed-use, or hospitality development. The Jacksonville area is primed for growth due to recent reclassification within the NCAA, positioning the investment for maximum return. The property size is 950 square feet.
    Location Intelligence

    Current Use by Public Records

    The Roost Apartments Apartment Complex

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center Pharmacy Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Jacksonville
    County
    Calhoun
    State
    Alabama
    Longitude
    -85.7683644
    Latitude
    33.8265466

    Nearby Similar for Sale

    • $129,900

      Highway 21 Business-Zoned Lots

      Two business-zoned lots on Highway 21 with high visibility.
      1400 PELHAM ROAD, JACKSONVILLE, AL 36265
      View Details
    • $599,000

      Commercially Zoned Land Opportunity

      1.86 acre commercially zoned land parcel in Jacksonville, Alabama.
      001 Whites Gap Road SE, Jacksonville, AL 36265
      View Details
    • $29,900

      Land Near Jacksonville State University

      Two R-3 zoned lots near Jacksonville State University.
      Lot 4 FRANCIS STREET, JACKSONVILLE, AL 36265
      View Details
    • $15,000

      Land Near Jacksonville State University

      Two R-3 zoned lots near Jacksonville State University and Ladiga Trail.
      Lot 3 FRANCIS STREET, JACKSONVILLE, AL 36265
      View Details
    • $15,000

      Land Near Jacksonville State University

      Two R-3 zoned lots near Jacksonville State University.
      Lot 2 FRANCIS STREET, JACKSONVILLE, AL 36265
      View Details
    • $575,000
      5,604 SF

      Jacksonville Investment Opportunity

      Office/medical building in rapidly growing Jacksonville, Alabama.
      201 Henry SW Road 1-3, JACKSONVILLE, AL 36265
      View Details
    • $735,000
      104,950 SF

      Industrial Portfolio Near Jacksonville State

      Two industrial properties totaling 104,950 SF on 6.37 acres.
      421 Alexandria Rd SW, Jacksonville, AL 36265
      View Details
    • $59,900

      Residential Land Near Jacksonville

      3-acre level building lot near Jacksonville State University.
      Cedar Springs Drive lot: 1, Jacksonville, AL 36265
      View Details
    • $932,000
      44,368 SF

      Industrial Warehouse Facility in Jacksonville

      44,368 SF industrial/warehouse facility near Jacksonville State University.
      921 Francis Street, Jacksonville, AL 36265
      View Details
    • $59,900

      Commercial Land in Jacksonville, AL

      Commercial land available in Jacksonville, Alabama.
      1845 PELHAM ROAD, JACKSONVILLE, AL 36265
      View Details
    • $99,900

      9.5 Acres Near Jacksonville

      9.5 acre building tract near Jacksonville State University.
      Cedar Springs Drive lot: 5, Jacksonville, AL 36265
      View Details
    • $155,000

      Land in Jacksonville, Alabama

      1.5 acre commercial land with frontage road access.
      0 HENRY ROAD, JACKSONVILLE, AL 36265
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4+ acre parcel ideal for retail, multifamily, or hospitality development.
    Where is this commercial land located?
    The property is located at 311 Nisbet NW Street Jacksonville, AL.
    What is the asking price?
    The asking price for this property is $3,400,000.
    What are key features of this property?
    This property features: Prime development opportunity in a high‑demand location off HWY 204.; **4+ acre parcel with unmatched accessibility and exposure** from multiple ingress/egress points.; **High traffic count and extreme visibility ideal for retail, multifamily, mixed‑use, or hospitality development.**
    (256) 238-3205
    We can help!
    Listing Contact
    Chris Bobo
    Chris Bobo
    Real Estate License ID: 121813
    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
    311 Nisbet NW Street, JACKSONVILLE, AL 36265
    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!