Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Residential or Commercial Land Title is generated by Realmo AI

    7.5 Winchester Road, New Market, AL 35761

    View on Map
    Claim this Listing
    New
    For Sale
    $475,000

    LAND - New Market, AL

    Lot size:
    7.50 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 3 at 11:06 am

    Property Features for 7.5 Winchester Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0904192000056000
    Lot size
    7.50 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public

    We can help!

    Listing Contact
    Vanessa Blackwell

    Listing agent Vanessa Blackwell License #105886

    Listing office One Key Realty 470 Providence Main, Ste. 203, AL

    Listing date Jun 3, 2026

    MLS# 21919758 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

    • Versatile residential or commercial property with public water and septic tank sewer
    • Approximately 7.5 acres
    • Can be purchased along with MLS #21910843 and MLS #21919749, or as part of MLS #21919753

    Overview

    This versatile land parcel is approximately 7.5 acres and is presented as a flexible opportunity for both residential and commercial concepts. The seller is marketing it with the ability to support either a dream home, a potential subdivision, or an ideal site for a business, depending on how you plan to develop the property. It is being offered for sale as standalone value, with additional acquisition options tied to related MLS listings.

    The property is located at 7.5 Winchester Road in New Market, Alabama 35761, in Madison County. The listing also notes that the parcel can be purchased in combination with MLS #21910843 or #21919749 and/or as part of MLS #21919753, which may be useful for assembling additional land for a larger end use.

    For buyers, this is a practical fit for anyone looking to position a development-ready site with room to tailor the end use. Residential-minded investors may explore subdivision potential, while commercial users can evaluate the parcel for a business location. The multi-use framing supports a range of development strategies, subject to applicable planning and permitting requirements.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    New Market
    County
    Madison
    State
    Alabama
    Longitude
    -86.4085
    Latitude
    34.9151

    Nearby Similar for Sale

    • $1,500,000
      6,544 SF

      Assisted Living Facility Property

      Former assisted living facility with multiple buildings and move-in-ready furnishings, appliances, and living spaces.
      3621 Winchester Road, New Market, AL 35761
      View Details
    • $193,000
      1,520 SF

      Live-Work Space with Fireplace

      A flexible live-work property with a full kitchen and fireplace, offering a practical foundation for home or business use.
      3637 Winchester Road, New Market, AL 35761
      View Details
    • $924,000
      7,186 SF

      Mixed-Use Commercial Property

      Multiple en-suite suites plus a cottage and finished garage provide flexible commercial and mixed-use income options.
      5499 Winchester Road, New Market, AL 35761
      View Details
    • $720,000
      6,544 SF

      Former Assisted Living Facility

      Well-equipped, furnished former assisted living building with an on-site apartment and additional metal outbuilding for flexible uses.
      3621 A Winchester Road, New Market, AL 35761
      View Details
    • $475,000
      1,520 SF

      Versatile Commercial Land Parcel

      Flexible land opportunity on Winchester Road, suited for residential, commercial, or mixed-use development plans.
      7.5 Winchester Road, New Market, AL 35761
      View Details
    • $459,000

      New Market Land For Sale

      8.6 acres of land in New Market, Alabama.
      County Lake Road lot: 1, New Market, AL 35761
      View Details
    • $1,500,000

      Commercial Land Near Buckhorn School

      2.88 acre commercial corner lot suitable for various businesses.
      4435 Winchester Road, New Market, AL 35761
      View Details
    • $1,300,000

      65 Acres in New Market

      Remarkable 65-acre property with mountain views near Huntsville.
      259 Henry St Clair Road, New Market, AL 35761
      View Details
    • $1,500,000
      4,400 SF

      Former Assisted Living Facility

      Versatile property suitable for residential or commercial use.
      3621 Winchester Road, New Market, AL 35761
      View Details
    • $569,000

      New Market Land with Shop

      11.65 acres in New Market with utilities and shop.
      431 Narrow Lane, New Market, AL 35761
      View Details
    • $795,000

      Established Auto Parts Shop

      Operating auto parts shop with inventory and equipment included.
      4936 Winchester Road, New Market, AL 35761
      View Details
    • $799,900

      30 Acres Farm in New Market

      30-acre farm with mountain views, pond, and outbuildings.
      30 +/- acres Hurricane Road, New Market, AL 35761
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Flexible multi-use land offering options for residential development or commercial use in growing Madison County.
    Where is this residential land & home lot located?
    The property is located at 7.5 Winchester Road New Market, AL.
    What is the asking price?
    The asking price for this property is $475,000.
    What are key features of this property?
    This property features: Versatile residential or commercial property with public water and septic tank sewer; Approximately 7.5 acres; Can be purchased along with MLS #21910843 and MLS #21919749, or as part of MLS #21919753
    (256) 797-2376
    We can help!
    Listing Contact
    Vanessa Blackwell
    Real Estate License ID: 105886
    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
    7.5 Winchester Road, New Market, AL 35761
    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!