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

    Lot 38 County Road 115 Rd Cedar Bluff, AL 35959

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $67,700

    Premier community offering waterfront lots suitable for coastal-style homes.

    Type:Lots/Land
    Added:
    Nov 7, 2025
    Days on Market:
    161
    Last Refresh:
    Apr 7 at 11:12 pm

    Property Features for Lot 38 County Road 115 Rd

    General Information

    Standard status
    Active
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Gregory Lumpkin

    Listing agent Gregory Lumpkin License #42802

    Listing office LakeWeissAlabama.com

    Listing date Nov 7, 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 LakeWeissAlabama.com

    Overview

    Waterfront Land at Weiss Lake

    A Shore Thing at Waterhouse Landing is a new community designed for lake living in coastal style. The development offers waterfront and off-water lots suited for elevated coastal-style homes with a minimum build size of 1,000 sq. ft. The property provides views of Weiss Lake, a 31,000-acre lake in Alabama. The home sites capture the natural beauty of the water and surrounding landscape. This property is suitable for a full-time residence, vacation getaway, or investment property.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Bluff
    County
    Cherokee
    State
    Alabama
    Longitude
    -85.497482
    Latitude
    34.20314

    Nearby Similar for Sale

    • $275,000

      Waterfront RV Lot on Weiss Lake

      Deeded RV lot with camper, converted building, and private dock.
      400 County Road 618 unit: 14 E, Cedar Bluff, AL 35959
      View Details
    • $299,000
      3,367 SF

      Cedar Bluff Commercial Opportunity

      Spacious live-work property with multiple flex areas in Cedar Bluff.
      10005 Alabama Highway 9, Cedar Bluff, AL 35959
      View Details
    • $350,000
      4,000 SF

      Cedar Bluff Commercial Building For Sale

      Commercial building with parking in Cedar Bluff, Alabama.
      8123 Hwy 9 N, Cedar Bluff, AL 35959
      View Details
    • $189,000

      Riverside Campground Lots with Camper

      Three adjoining lots with camper and lake access.
      1210 County Road 131 unit: 121, Cedar Bluff, AL 35959
      View Details
    • $27,900

      Campground Lot in Cedar Bluff

      Campground lot with water view and lake access.
      55 County Road 115, Cedar Bluff, AL 35959
      View Details
    • $79,900

      Recreational Lot with Camper

      Ready-to-use recreational lot with camper in Waterhouse Campground.
      225 Lot 69 County Road 115 unit: 69, Cedar Bluff, AL 35959
      View Details
    • $74,000

      Land with Weiss Lake Access

      Two-acre lot with lake access and community amenities.
      County Road 767 lot: 210, Cedar Bluff, AL 35959
      View Details
    • $69,900

      Weiss Lake View Land

      Residential land in gated community overlooking Weiss Lake.
      County Road 767 lot: 40, Cedar Bluff, AL 35959
      View Details
    • $324,500

      Multi-Use Building on Large Lot

      3,236 SF multi-use building on 0.92 acre lot.
      10005 State Highway 9 N, Cedar Bluff, AL 35959
      View Details
    • $99,000

      Wooded Land with Water Access

      10 acres in gated community near Weiss Lake.
      1 County Road 137, Cedar Bluff, AL 35959
      View Details
    • $135,000

      Turnkey Lake Living in Alabama

      Upgraded property with lake access, ideal for year-round enjoyment.
      3700 N Quail Run Drive, Cedar Bluff, AL 35959
      View Details
    • $249,000

      Weiss Lake Waterfront Lot

      Lakefront lot with private dock and utilities on Weiss Lake.
      1005 County Road 509, Cedar Bluff, AL 35959
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Premier community offering waterfront lots suitable for coastal-style homes.
    Where is this waterfront land located?
    The property is located at Lot 38 County Road 115 Rd Cedar Bluff, AL.
    What is the asking price?
    The asking price for this property is $67,700.
    What are key features of this property?
    This property features: Waterfront and off‑water lots available in a new premier community.; Located on Weiss Lake, a 31,000‑acre lake in Alabama.; Designed for elevated coastal‑style homes.
    (256) 490-5872
    We can help!
    Listing Contact
    Gregory Lumpkin
    Real Estate License ID: 42802
    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!