Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Wooded Acreage with Pond Title is generated by Realmo AI

    714 Hanners Rd, Newton, AL 36352

    View on Map
    Claim this Listing
    For Sale
    $1,200,000

    LAND - Newton, AL

    Property size:
    1,600 SF
    Lot size:
    98.00 Acres
    Price / SF:
    $750/SF
    Added:
    Aug 2, 2024
    Days on Market:
    670
    Last Refresh:
    Jun 2 at 3:06 am

    Property Features for 714 Hanners Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Size
    1,600 SF
    Lot size
    98.00 Acres

    Utilities

    Sewer type
    Septic Tank
    Water front features
    Pond

    We can help!

    Listing Contact
    Darrell Reid

    Listing agent Darrell Reid

    Listing office Lan Darty Real Estate & Development 3124 W Main St Suite 6, Dothan, AL

    Listing date Aug 2, 2024

    MLS# 199460 Listing URL

    Copyright © 2026 Southeast Alabama Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 98 acres of wooded land.
    • Includes a pond with expansion potential.
    • Abundant wildlife and hunting opportunities with road system for hunting.
    • Convenient location minutes from Dothan.
    • Includes a 3‑bedroom house (in need of renovation).
    • Pole barn included.

    Overview

    This 98-acre property features wooded land and a pond. Located in Wicksburg, the land includes a road system suitable for hunting and is home to abundant wildlife. The pond has the potential for expansion, offering further recreational opportunities. A pole barn is present on the property, along with an approximately 1600 sq ft house with 3 bedrooms that requires renovation. The property is conveniently located minutes from Dothan, offering a private estate and recreation site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Building Supply Auto Repair Shop Department Store Daycare Center (Bike/Boat/Book/etc) Store Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Dale
    State
    Alabama
    Longitude
    -85.65052484
    Latitude
    31.24976948

    Nearby Similar for Sale

    • $730,000

      Commercial Property in Newton, Alabama

      Office and warehouse space suitable for various commercial uses.
      1170 State Hwy 92, Newton, AL 36352
      View Details
    • $133,900
      2,400 SF

      Newton Commercial Property with Potential

      Large lot with two buildings suitable for various uses.
      126 Oates st, Newton, AL 36352
      View Details
    • $1,600,000
      10,000 SF

      Storage and Commercial Property For Sale

      Storage facility with shop building and expansion opportunities in Newton.
      40 W ST Highway 92, Newton, AL 36352
      View Details
    • $222,900

      Commercial Property on US 84

      Commercial property with road frontage on US 84 West.
      10196 W US 84, Newton, AL 36352
      View Details
    • $550,000

      Land with Pond and Barns

      10 acres in Wicksburg with pond, barns, and mobile home.
      360 Sherwood Trail, Newton, AL 36352
      View Details
    • $175,000

      Land with Existing Mobile Homes

      7.28 acres of land with existing mobile homes.
      680 Pine Acres, Newton, AL 36352
      View Details
    • $2,000,000

      100-Acre Recreational & Farm Property

      100 acres in Wicksburg, AL: farming, recreation, development.
      0 Pate Rd, Newton, AL 36352
      View Details
    • $89,900

      Residential Land in Newton, Alabama

      3.4 acre residential lot in Wicksburg School District.
      Judge Logue Road, Newton, AL 36352
      View Details
    • $450,000

      Wicksburg Land: 15 Acres

      15 acres of open land in Wicksburg School District.
      0 Fortner St, Wicksburg, AL 36352
      View Details
    • $1,499,000

      81.5 Acres Vacant Land For Sale

      81.5 acre vacant land in Wicksburg School District.
      0 St Hwy 123, Newton, AL 36352
      View Details
    • $83,300

      Residential Land in Newton, AL

      3-acre residential lot, ideal for building a dream home.
      Hill Top Road lot: 1, Newton, AL 36352
      View Details
    • $83,300

      Residential Land in Newton, AL

      3-acre lot ready for your dream home.
      Hill Top Road lot: 2, Newton, AL 36352
      View Details

    FAQs

    What type of property is this?
    Recreation land - 98 acres with pond and abundant wildlife near Dothan.
    Where is this recreation land located?
    The property is located at 714 Hanners Rd Newton, AL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 98 acres of wooded land.; Includes a pond with expansion potential.; Abundant wildlife and hunting opportunities with road system for hunting.
    (334) 714-5312
    We can help!
    Listing Contact
    Darrell Reid
    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
    714 Hanners Rd, Newton, AL 36352
    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!