Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Land in Miller's Ferry Subdivision Title is generated by Realmo AI

    36 Dear Dr, Camden, AL 36726

    View on Map
    Claim this Listing
    For Sale
    $30,000

    0.59 acre lot near Lake Dannelly and Alabama River.

    Type:Land
    Lot size:
    0.59 Acres
    Added:
    Jul 15, 2024
    Days on Market:
    688
    Last Refresh:
    May 25 at 1:50 pm

    Property Features for 36 Dear Dr

    General Information

    Standard status
    Active
    Lot size
    0.59 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Emily Tyler

    Listing agent Emily Tyler License #0113520

    Listing office RE/MAX Tri-Star

    Listing date Jul 15, 2024

    Source Exprealty

    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 RE/MAX Tri-Star

    HighLights

    • Access to Lake Dannelly, a renowned fishing lake.
    • Located in the newly developed Miller's Ferry subdivision.
    • Just 2 miles from Miller's Ferry Campground and Landing.
    • 0.59 acre lot size.
    • Future access to the Alabama River via the Miller's Ferry Marina (under construction).
    • Close proximity to downtown Camden (10 miles).

    Overview

    This 0.59-acre lot is located in the newly developed subdivision in Miller's Ferry, Wilcox County. The property is situated approximately 2 miles from Miller’s Ferry Campground and Landing, providing access to Lake Dannelly, known for bass, crappie, and catfish fishing. The Miller’s Ferry Marina, currently under construction with plans to reopen, will provide access to the Alabama River. The lot is about 10 miles from downtown Camden, which features local shopping and dining options.
    Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Camden
    County
    Wilcox
    State
    Alabama
    Longitude
    -87.371222
    Latitude
    31.999145

    Nearby Similar for Sale

    • $600,000
      1,764 SF

      Established Restaurant in Camden, Alabama

      Turnkey restaurant opportunity with loyal customer base and recent upgrades.
      5 Camden Bypass, Camden, AL 36726
      View Details
    • $2,500,000
      1,800 SF

      Alabama Riverfront Recreational Land Opportunity

      163-acre land with 3 miles of river frontage near Millers Ferry.
      560 Jones River Road, Camden, AL 36726
      View Details
    • $337,000

      Storage Facility on High-Traffic Bypass

      Turn-key storage facility with expansion potential on 2 acres.
      131 Camden Bypass, Camden, AL 36726
      View Details
    • $374,700

      Lakefront Living in Camden, Alabama

      Remodeled waterfront retreat with modern updates and outdoor entertaining spaces.
      898 Lakeshore Drive, Camden, AL 36726
      View Details
    • $275,000

      Versatile Multi-Unit Property in Camden

      Newly constructed multi-unit property with acreage and investment flexibility.
      28 Camden Bypass, Camden, AL 36726
      View Details
    • $379,000

      Alabama River Waterfront Peninsula

      Rare 10-acre peninsula with 4,000+ feet of water frontage.
      560 Jones River Road, Camden, AL 36726
      View Details
    • $329,000

      Camden Commercial Property on 1.7 Acres

      Unique commercial property with potential as event venue or restaurant.
      43 Camden bypass, Camden, AL 36726
      View Details
    • $399,000

      Fruit Trees Farm with Homes

      Unique property with fruit trees, tiny homes, and shop.
      2471 Camden Bypass, Camden, AL 36726
      View Details
    • $85,000

      Land in Camden, Alabama

      2.05 acre commercial land for sale in Camden, Alabama.
      31 & 31A Riverview Landing, Camden, AL 36726
      View Details
    • $85,000

      Waterfront Land in Gated Subdivision

      Level acreage with river access in a gated community.
      29 & 29A Riverview Landing, Camden, AL 36726
      View Details
    • $50,000

      Waterfront Lots Ready to Build

      Waterfront lots available in sought-after area, ready to build.
      Jones River Road, Camden, AL 36726
      View Details
    • $85,000

      Waterfront Land in Gated Community

      3+/- acres for building plus waterfront lot on Alabama River.
      29 & 29A Riverview Landing, Camden, AL 36726
      View Details

    FAQs

    What type of property is this?
    Land - 0.59 acre lot near Lake Dannelly and Alabama River.
    Where is this land located?
    The property is located at 36 Dear Dr Camden, AL.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Access to Lake Dannelly, a renowned fishing lake.; Located in the newly developed Miller's Ferry subdivision.; Just 2 miles from Miller's Ferry Campground and Landing.
    (334) 244-2400
    We can help!
    Listing Contact
    Emily Tyler
    Real Estate License ID: 0113520
    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
    36 Dear Dr, Camden, AL
    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!