Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Level Lot in Steele, AL Title is generated by Realmo AI

    61 Hartsfield Drive, Steele, AL 35987

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Steele, AL

    Lot size:
    0.36 Acres
    Added:
    Mar 9, 2026
    Days on Market:
    69
    Last Refresh:
    May 16 at 10:06 pm

    Property Features for 61 Hartsfield Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0506240000007.014
    Lot size
    0.36 Acres

    We can help!

    Listing Contact
    Renee Schumm

    Listing agent Renee Schumm License #143756

    Listing office Matlock Realty Group, LLC 82 N Main Street, Arab, AL

    Listing date Mar 9, 2026

    MLS# 21908251 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

    • Level and stoned 0.36 +/- acre lot, ready for building.
    • Mobile/manufactured homes are allowed.
    • Located on a quiet dead‑end street.
    • Convenient location in Steele, AL.
    • Easy to find with GPS coordinates provided.
    • Great head start for future plans due to prepped lot.

    Overview

    This 0.36 acre level lot is located on a quiet dead end street in Steele, Alabama. The property has been leveled and stoned. Mobile and manufactured homes are welcomed. The location is convenient and easy to find.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Spa & Massage Center Hair Salon Nail Salon Gym & Fitness Center Skin Care Clinic Bar & Pub Furniture & Home Goods Acupuncture

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

    Location Insight

    • Map
    • Local Demand
    City
    Steele
    County
    St. Clair
    State
    Alabama
    Longitude
    -86.2810739
    Latitude
    33.8865907

    Nearby Similar for Sale

    • $1,700,000
      5,800 SF

      Commercial Property Near Interstate I-59

      Turnkey commercial property with established business near I-59.
      116 Industrial Drive, Steele, AL 35987
      View Details
    • $240,000

      Chandler Mountain Farmland Opportunity

      26.52 acre tomato farm near I-59 and Horse Pens 40.
      0 COUNTY ROAD 42, STEELE, AL 35987
      View Details
    • $479,900
      5,000 SF

      Industrial Building with Cranes

      5,000 SF commercial building featuring cranes and storage.
      1200 Steele Station, STEELE, AL 35987
      View Details
    • $29,000

      Highway 11 Acreage in Steele

      1.1 acre lot suitable for residential or commercial use.
      4639 POPE AVENUE, STEELE, AL 35987
      View Details
    • $319,900

      Versatile Land in Steele, AL

      38.1 acres of wooded land with development potential.
      38.1 acres Steele Station Road, Steele, AL 35987
      View Details
    • $144,000

      Residential Recreational Land For Sale

      18-acre residential recreational tract perfect for building a country home.
      0 Cove Road, Steele, AL 35987
      View Details
    • $29,000

      Highway 11 Acreage in Steele

      1.1 acre lot suitable for residential or commercial use.
      4639 Pope Avenue 1, STEELE, AL 35987
      View Details
    • $1,700,000

      Commercial Property Near Interstate I-59

      Turnkey commercial property with established business and assets included.
      116 Industrial Drive, Steele, AL 35987
      View Details
    • $7,272,727
      4,853 SF

      Retail Space For Sale

      Retail space available with a 5.50% CAP rate.
      900 Steele Station Rd, Steele, AL 35987
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.36 acre level lot ready for development in Steele.
    Where is this residential land & home lot located?
    The property is located at 61 Hartsfield Drive Steele, AL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Level and stoned 0.36 +/- acre lot, ready for building.; Mobile/manufactured homes are allowed.; Located on a quiet dead‑end street.
    (567) 207-8971
    We can help!
    Listing Contact
    Renee Schumm
    Real Estate License ID: 143756
    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
    61 Hartsfield Drive, Steele, AL 35987
    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!