Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3149B Old Railroad Bed Road Harvest, AL 35749

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $180,000

    3-acre property with utilities, ready for your dream home.

    Type:Lots/Land
    Lot size:
    3.00 Acres
    Added:
    Oct 31, 2025
    Days on Market:
    169
    Last Refresh:
    Apr 7 at 11:27 pm

    Property Features for 3149B Old Railroad Bed Road

    General Information

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

    We can help!

    Listing Contact
    Tracy Gallimore
    Tracy Gallimore

    Listing agent Tracy Gallimore License #77266

    Listing office CRYE-LEIKE REALTORS - Madison

    Listing date Oct 31, 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 CRYE-LEIKE REALTORS - Madison

    Overview

    3-Acre Land Ready for Development

    This 3-acre property offers peaceful country living and is located minutes from town. The land is currently used as pasture for livestock and includes an electric fence. Electricity and water are already on site. The property is located approximately 5 miles from schools, shopping, and restaurants. The open, usable space offers potential for a dream home, hobby farm, or weekend retreat.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Building Supply Spa & Massage Center Kitchen & Bath Showroom Storage Facility Bar & Pub Electronics & Wireless Store Car Rental Facility Daycare Center Clothing & Fashion Store Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Harvest
    County
    Madison
    State
    Alabama
    Longitude
    -86.7659112
    Latitude
    34.8206136

    Nearby Similar for Sale

    • $470,000
      3,009 SF

      Harvest Commercial Redevelopment Opportunity

      1.6 acres in growing Harvest corridor with redevelopment potential.
      1209 Ford Chapel Road, Harvest, AL 35749
      View Details
    • $350,000

      Commercial Land in Harvest, AL

      Vacant land with road frontage in Huntsville, Madison County.
      Old Railroad Bed Road, Harvest, AL 35749
      View Details
    • $2,500,000

      Commercial Land in Growing Area

      Investment opportunity near high-traffic area and new development.
      6312 Hwy 53 N, Harvest, AL 35749
      View Details
    • $175,000

      Commercial Land in Harvest, AL

      Commercial land suitable for various businesses in Harvest, Alabama.
      Lantern Pointe Way NW, Harvest, AL 35749
      View Details
    • $840,000

      Acreage Land in Harvest, AL

      12 acres of land with utilities in Harvest, Alabama.
      17929 Wales Drive, Harvest, AL 35749
      View Details
    • $800,000

      Harvest, AL Land Opportunity

      15+/- acre tract ideal for development or estate homesite.
      15 acres E Limestone Road, Harvest, AL 35749
      View Details
    • $245,000

      Harvest, AL Commercial Lot

      Approximately 1 acre lot with commercial or residential potential.
      Spring Crest Lane lot: 1, Harvest, AL 35749
      View Details
    • $755,000
      4,872 SF

      Harvest, AL Multi-Family Property

      Four 3-bedroom units near Madison Hospital and Redstone Arsenal.
      104 John Walker Circle unit: A,B,C,D, Harvest, AL 35749
      View Details
    • $429,000

      Acreage Land in Harvest, AL

      Land with fencing, water & electricity on county border.
      17930 Wales Drive, Harvest, AL 35749
      View Details
    • $795,000

      Unzoned Land Near Highway 53

      10.7 acres of level, unzoned land near Harvest Square.
      10 acres Jeff Road, Harvest, AL 35749
      View Details
    • $700,000

      Harvest, AL Land Parcel

      17.57 acres in Harvest, AL, ideal homesite.
      17.5 Acres Burwell Road, Harvest, AL 35749
      View Details
    • $470,000

      Harvest Corridor Redevelopment Site

      1.6 acre commercial site with redevelopment potential in Harvest.
      1209 Ford Chapel Road, Harvest, AL 35749
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 3-acre property with utilities, ready for your dream home.
    Where is this agricultural land / farmland located?
    The property is located at 3149B Old Railroad Bed Road Harvest, AL.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: 3‑acre property suitable for building a home, hobby farm, or retreat.; Electricity and water are already connected to the property.; Currently used as pasture with electric fencing, offering usable space.
    (256) 990-3043
    We can help!
    Listing Contact
    Tracy Gallimore
    Tracy Gallimore
    Real Estate License ID: 77266
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!