Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Lot in Gated Community Title is generated by Realmo AI

    417 PERKINS LANDING COVE, Columbiana, AL 35051

    View on Map
    Claim this Listing
    For Sale
    Under Contract
    $43,500

    Lots - COLUMBIANA, AL

    Lot size:
    0.22 Acres
    Added:
    Feb 11, 2026
    Days on Market:
    112
    Last Refresh:
    Jun 3 at 3:06 pm

    Property Features for 417 PERKINS LANDING COVE

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active Under Contract
    Lot size
    0.22 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ashton Joseph

    Listing agent Ashton Joseph

    Listing office ARC Realty 280 110 INVERNESS CORS, Birmingham, AL

    Listing date Feb 11, 2026

    MLS# 21443337 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Gated community in highly sought‑after Perkins Landing.
    • Located on Lay Lake with lake views.
    • Access to community boat docks.
    • Community pool and bathhouse.
    • Ready to build your dream home.
    • Stocked ponds for fishing.

    Overview

    This 0.22-acre lot is located in the gated Perkins Landing community in Columbiana, Alabama. Situated on Lay Lake, the property offers lake views and is suitable for building a home. Community amenities include a pool, boat docks, a pool bathhouse, and stocked ponds for fishing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Auto Repair Shop Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbiana
    County
    Shelby
    State
    Alabama
    Longitude
    -86.4898621
    Latitude
    33.1627989

    Nearby Similar for Sale

    • $399,000

      Turnkey Salon in Columbiana

      Established salon, updated, flexible layout, prime location in Columbiana.
      303 W COLLEGE STREET, COLUMBIANA, AL 35051
      View Details
    • $399,900

      Versatile Commercial Building on Highway

      Highway frontage property suitable for retail, office, or automotive use.
      22551 HIGHWAY 25, COLUMBIANA, AL 35051
      View Details
    • $1,200,000

      Medical Office and Land Parcels

      Two parcels including medical office and B-2 zoned land.
      247 WALTON STREET, COLUMBIANA, AL 35051
      View Details
    • $185,000

      Columbiana Land Parcel For Sale

      6.5 acre land parcel in Columbiana, Alabama.
      6809 JOINERTOWN ROAD, COLUMBIANA, AL 35051
      View Details
    • $350,000

      28 Acres of Timberland in Columbiana

      28+/- acre timber tract perfect for estate or recreation.
      Highway 61, Columbiana, AL 35051
      View Details
    • $182,000

      Columbiana Commercial Land For Sale

      5.2+/- acre commercial land with highway frontage near Lay Lake.
      0 Highway 145, Columbiana, AL 35051
      View Details
    • $99,498

      7 Acres Near Columbiana

      7+/- acre tract near Columbiana, ideal for homesite.
      Highway 61, Columbiana, AL 35051
      View Details
    • $85,000

      Land in Downtown Columbiana Area

      1.67 acres to build your dream home in Alabama.
      309 N MAIN STREET, COLUMBIANA, AL 35051
      View Details
    • $350,000

      Columbiana, AL Commercial Land

      8 acres of commercial land in high-traffic area.
      Highway 145, Columbiana, AL 35051
      View Details
    • $300,000

      Columbiana Land with Lake Access

      20-acre estate lot with lake access and community amenities.
      Lot 13/14 HERITAGE LAKE DRIVE, COLUMBIANA, AL 35051
      View Details
    • $199,900

      Columbiana Acreage with Panoramic Views

      15.17 acres ideal for building a dream home.
      2884 HIGHWAY 47, COLUMBIANA, AL 35051
      View Details
    • $124,000

      8 Acres of Land in Shelby

      8 acres of land perfect for building or farming.
      499 SHORES DRIVE, COLUMBIANA, AL 35051
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential lot in gated community with lake views and amenities.
    Where is this residential land & home lot located?
    The property is located at 417 PERKINS LANDING COVE Columbiana, AL.
    What is the asking price?
    The asking price for this property is $43,500.
    What are key features of this property?
    This property features: Gated community in highly sought‑after Perkins Landing.; Located on Lay Lake with lake views.; Access to community boat docks.
    (205) 969-8910
    We can help!
    Listing Contact
    Ashton Joseph
    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
    417 PERKINS LANDING COVE, COLUMBIANA, AL 35051
    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!