Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Stevenson Commercial Opportunity Title is generated by Realmo AI

    724 Old Mount Carmel Road, Stevenson, AL 35772

    View on Map
    Claim this Listing
    For Sale
    $250,000

    COMMERCIAL - Stevenson, AL

    Property size:
    380 SF
    Lot size:
    2.30 Acres
    Price / SF:
    $657/SF
    Added:
    Apr 18, 2026
    Days on Market:
    27
    Last Refresh:
    May 14 at 8:06 am

    Property Features for 724 Old Mount Carmel Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    Driveway
    Exterior features
    Sidewalks
    Standard status
    Active
    APN
    8346 & 8347
    Size
    380 SF
    Lot size
    2.30 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Vinyl
    Roof type
    Wood, Shingle

    We can help!

    Listing Contact
    Paul Talley
    Paul Talley

    Listing agent Paul Talley License #81804

    Listing office Legacy Oak, LLC 304 S Market St. Suite 220, Scottsboro, AL

    Listing date Apr 18, 2026

    MLS# 21915553

    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.

    Overview

    This commercial opportunity is located in the center of Stevenson, Alabama. The 2.3-acre site includes three combined lots in a high-visibility commercial area, offering excellent exposure and easy access. A 380 square foot building is already in place, updated with a new roof, new doors, and newer windows. The building was formerly a beauty shop. The property is ideal for retail, office, salon, or service-based businesses. This location presents an opportunity for immediate use, investment, or future development in a strong commercial location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Center Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Stevenson
    County
    Jackson
    State
    Alabama
    Longitude
    -85.8163934
    Latitude
    34.8735368

    Nearby Similar for Sale

    • $370,000

      25 Acre Development Opportunity

      25 acre land tract suitable for residential or commercial development.
      00 CR 75, Stevenson, AL 35772
      View Details
    • $499,000

      Stevenson, AL Land For Sale

      59.3 acres of land suitable for a new subdivision.
      1976 County Road 276, Stevenson, AL 35772
      View Details
    • $250,000

      Commercial Land in Stevenson, AL

      2.99-acre commercial land with frontage near Highway 72.
      +/-3 ac Cox Avenue, Stevenson, AL 35772
      View Details
    • $140,000

      Stevenson Wooded Acres with River Views

      39.82 acres of wooded land with river views.
      39.28 Highway 117, Stevenson, AL 35772
      View Details
    • $27,500

      Residential Lot in Stevenson, AL

      Residential lot ready for new construction in Stevenson, Alabama.
      Cor Mtn & Hale Street, Stevenson, AL 35772
      View Details
    • $69,000

      Stevenson, AL Hunting Land

      20.5 acres of hunting land near Tennessee River.
      20.5 acres County Road 491, Stevenson, AL 35772
      View Details
    • $180,000

      19 Acres Build-Ready Hunting Land

      19 acres in Stevenson, AL, build-ready with hunting potential.
      19 acres County Road 148, Stevenson, AL 35772
      View Details

    FAQs

    What type of property is this?
    Commercial land - High-visibility commercial site with existing building in Stevenson, Alabama.
    Where is this commercial land located?
    The property is located at 724 Old Mount Carmel Road Stevenson, AL.
    What is the asking price?
    The asking price for this property is $250,000.
    (256) 244-4810
    We can help!
    Listing Contact
    Paul Talley
    Paul Talley
    Real Estate License ID: 81804
    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
    724 Old Mount Carmel Road, Stevenson, AL 35772
    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!