Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    New Hope Commercial Land For Sale Title is generated by Realmo AI

    4645 Main Drive, New Hope, AL 35760

    View on Map
    Claim this Listing
    For Sale
    $89,900

    COMMERCIAL - New Hope, AL

    Lot size:
    1.10 Acres
    Added:
    May 16, 2026
    Days on Market:
    8
    Last Refresh:
    May 23 at 9:06 am

    Property Features for 4645 Main Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.10 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    April Downs

    Listing agent April Downs License #153779

    Listing office Southern Elite Realty 384 Gunter Ave, AL

    Listing date May 16, 2026

    MLS# 21849123 Listing URL

    Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.10 acre tract
    • Approximately 240ft of road frontage
    • Ideal development property
    • Located just off Hwy 431 on Main Drive
    • Public water source
    • Public sewer

    Overview

    This 1.10-acre commercial land tract features approximately 240 feet of road frontage. Located just off Highway 431 on Main Drive in New Hope, Alabama, the property is an ideal development opportunity for a convenience store, restaurant, or other business.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Hair Salon Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    New Hope
    County
    Madison
    State
    Alabama
    Longitude
    -86.426531
    Latitude
    34.545126

    Nearby Similar for Sale

    • $650,000
      3,240 SF

      Remodeled Convenience Store Near Huntsville

      High-visibility remodeled convenience store with kitchen and ample parking.
      839 New Hope Cedar Point Rd, New Hope, AL 35760
      View Details
    • $330,000
      1,200 SF

      Commercial Land in New Hope

      1.9-acre commercial land opportunity near Marshall County line.
      Highway 431 S, New Hope, AL 35760
      View Details
    • $474,500

      Highway Frontage Commercial Land

      7+ acres of commercial land with highway frontage.
      10051 Highway 431, New Hope, AL 35760
      View Details
    • $55,000
      720 SF

      Level Homesite in New Hope

      Ready-to-build homesite with garage/shop in convenient location.
      104 Self Road, New Hope, AL 35760
      View Details
    • $762,500

      30.5 Acres of Pastureland

      30.5 acres in South Mad Co. perfect for building.
      418 Anna Drive, New Hope, AL 35760
      View Details
    • $595,000
      16,240 SF

      Manufacturing Facility in New Hope

      16,240 SF manufacturing facility on 2.7 acres for sale.
      1453 Johnson Avenue, New Hope, AL 35760
      View Details
    • $70,000

      Residential Land in New Hope

      Land for sale in New Hope, Alabama.
      154 Stratman Drive, New Hope, AL 35760
      View Details
    • $70,000

      Residential Land in New Hope

      Land for sale in New Hope, Alabama, residential development.
      156 Stratman Drive, New Hope, AL 35760
      View Details
    • $79,000

      Land in New Hope, AL

      0.9 acre building lot within New Hope city limits.
      .9 ACRE T R Christian Road, New Hope, AL 35760
      View Details
    • $72,900

      Residential Land in New Hope

      1.48 acre residential land for sale in New Hope, AL.
      1.48 Acres Wesley Childers Road, New Hope, AL 35760
      View Details
    • $189,900

      Commercial Land in Downtown New Hope

      Commercial land with frontage on Main Drive in New Hope.
      5388 Main Drive, New Hope, AL 35760
      View Details
    • $189,900

      Prime Commercial Land in New Hope

      Commercial land for development in a sought-after location.
      5388 Main Dr, New Hope, AL
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.10 acre commercial tract with road frontage.
    Where is this commercial land located?
    The property is located at 4645 Main Drive New Hope, AL.
    What is the asking price?
    The asking price for this property is $89,900.
    What are key features of this property?
    This property features: 1.10 acre tract; Approximately 240ft of road frontage; Ideal development property
    (256) 531-3782
    We can help!
    Listing Contact
    April Downs
    Real Estate License ID: 153779
    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
    4645 Main Drive, New Hope, AL 35760
    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!