Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Lot Building Opportunity Title is generated by Realmo AI

    888 Warren Road, Wedowee, AL 36278

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

    3.67 acre waterfront lot with building and great views.

    Type:Lots/Land
    Lot size:
    3.67 Acres
    Added:
    Sep 6, 2025
    Days on Market:
    270
    Last Refresh:
    Apr 7 at 10:02 pm

    Property Features for 888 Warren Road

    General Information

    Standard status
    Active
    Lot size
    3.67 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Jay Cobb

    Listing agent Jay Cobb License #83069

    Listing office AlaHomes Realty

    Listing date Sep 6, 2025

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of AlaHomes Realty

    HighLights

    • 3.67 acre waterfront lot offering an excellent building opportunity.
    • Several desirable home spots to choose from.
    • Enjoy great views from this exclusive property.
    • 2 bay metal building already constructed.

    Overview

    This 3.67-acre waterfront lot presents an excellent building opportunity. The property offers several desirable home spots with great views. A two-bay metal building has already been constructed toward the back of the acreage.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Wedowee
    County
    Randolph
    State
    Alabama
    Longitude
    -85.513088
    Latitude
    33.356813

    Nearby Similar for Sale

    • $299,000
      4,700 SF

      Wedowee Retail Building on Acreage

      4,700 SF retail building on 3.68 acres near Wedowee.
      13208 HIGHWAY 431, WEDOWEE, AL 36278
      View Details
    • $499,000
      5,400 SF

      Highway Frontage Retail Opportunity

      Commercial building with retail, office, or restaurant potential.
      222319 HIGHWAY 431, WEDOWEE, AL 36278
      View Details
    • $280,000

      Downtown Wedowee Office Building

      Updated office building in the heart of downtown Wedowee, Alabama.
      23 MAIN STREET, WEDOWEE, AL 36278
      View Details
    • $775,800

      Remodeled Mixed-Use Investment Opportunity

      Fully remodeled mixed-use building with 11 rental units in Wedowee.
      12 W BROAD STREET, WEDOWEE, AL 36278
      View Details
    • $360,000
      2,140 SF

      Wedowee Commercial Investment Property

      Tenant-occupied commercial building in Wedowee, offering immediate rental income.
      109 Main Street, WEDOWEE, AL 36278
      View Details
    • $299,000
      4,700 SF

      Restaurant Building on 3.68 Acres

      4,700 sq ft building on 3.68 acres for sale.
      13208 Highway 431, WEDOWEE, AL 36278
      View Details
    • $775,800
      7,758 SF

      Remodeled Income-Producing Office Building

      Fully remodeled office building with 11 rental units in Wedowee.
      12 W Broad Street, WEDOWEE, AL 36278
      View Details
    • $225,000

      Lake Wedowee Waterfront Lot

      1.3-acre waterfront lot on Lake Wedowee with utilities.
      385 HOLLOWAY ROAD, WEDOWEE, AL 36278
      View Details
    • $175,000

      Lake Wedowee Waterfront Land

      Waterfront land with cove protection and big water views.
      6 COUNTY ROAD 804, WEDOWEE, AL 36278
      View Details
    • $169,000

      Waterfront Lot in Ratley's Cove

      Buildable waterfront lot with year-round water access and community ramp.
      13 COUNTY ROAD 9901, WEDOWEE, AL 36278
      View Details
    • $559,000

      80 Acres Near Lake Wedowee

      80-acre tract near Lake Wedowee with mountain views.
      0 COUNTY ROAD 252, WEDOWEE, AL 36278
      View Details
    • $215,000

      Lake Wedowee Waterfront Land

      2.3 acre lot with 280+ feet of shoreline.
      5 COUNTY ROAD 804, WEDOWEE, AL 36278
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 3.67 acre waterfront lot with building and great views.
    Where is this waterfront land located?
    The property is located at 888 Warren Road Wedowee, 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: 3.67 acre waterfront lot offering an excellent building opportunity.; Several desirable home spots to choose from.; Enjoy great views from this exclusive property.
    (205) 965-1518
    We can help!
    Listing Contact
    Jay Cobb
    Real Estate License ID: 83069
    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
    888 Warren Road, WEDOWEE, AL 36278
    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!