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    Highway 431 Brownsboro, AL 35741

    Sponsored
    For Sale
    $2,596,175

    Three prime development lots near Huntsville.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    408
    This exceptional commercial land offering comprises three contiguous parcels totaling 9.07 acres, strategically located on Highway 431 South in the desirable Hampton Cove area of Brownsboro, Alabama (zip code 35741). The property is zoned C-4 by the City of Huntsville, providing significant development flexibility. The three lots are individually priced and sized as follows: Lot 3A (2.79 acres, $606,355), Lot 3B (1.92 acres, $470,448), and Lot 6 (4.36 acres, $1,519,372). The combined asking price for all three lots is $2,596,175. This prime location boasts exceptional visibility and accessibility, situated just 2.1 miles from the heavily trafficked intersection of Sutton Road and Highway 431, home to major retailers such as Lowe's, Walmart, and Publix, along with numerous banking institutions. The area is surrounded by upscale residential communities, the prestigious Robert Trent Jones Golf Course, and the serene Hays Nature Preserve. Furthermore, the property offers convenient access to Interstates 565 and 65, as well as the significant employment center of Redstone Arsenal. This presents a rare opportunity for developers seeking a high-impact location with strong demographics and infrastructure. The property's proximity to established businesses, residential areas, and major transportation arteries makes it ideal for a variety of commercial developments.

    Property Features for 0 Highway 431

    General Information

    Property type
    Land
    Lot Size
    395,089 SF

    We can help!

    Listing Contact
    Jackson Parker
    Jackson Parker

    Learn more

    Property Insight Report

    HighLights

    • 9.07‑acre commercial land assemblage in Hampton Cove, Brownsboro, AL (35741), comprised of three contiguous parcels.
    • Lot 3A: 2.79 acres, priced at $606,355.
    • Lot 3B: 1.92 acres, priced at $470,448.
    • Lot 6: 4.36 acres, priced at $1,519,372. Total asking price: $2,596,175.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Brownsboro
    County
    Madison
    State
    Alabama
    Longitude
    -86.4988049
    Latitude
    34.6867946

    Nearby Comparable

    • $3,750,000
      15.30 Acres

      Brownsboro Commercial Land Investment

      High-traffic Hwy 431 lot, divisible.
      5703 U Hwy, Brownsboro, AL 35741
      View Details
    • $189,000
      1.00 Acre

      Unrestricted Lot in Hampton Cove

      0.99 acre unrestricted lot near Hwy 431 and Medical District.
      123 Miller Ln, Hampton Cove, AL 35763
      View Details
    • $1,600,000

      Prime Land on Highway 431

      7-acre parcel ideal for commercial, retail, or mixed-use development.
      Highway 431 South, Owens Cross Roads, AL 35763
      View Details

    Nearby Similar for Sale

    • $3,750,000
      15.30 Acres

      Brownsboro Commercial Land Investment

      High-traffic Hwy 431 lot, divisible.
      5703 U Hwy, Brownsboro, AL 35741
      View Details

    FAQs

    What type of property is this?
    Land - Three prime development lots near Huntsville.
    Where is this land located?
    The property is located at Highway 431 Brownsboro, AL.
    What is the asking price?
    The asking price for this property is $2,596,175.
    What are key features of this property?
    This property features: 9.07-acre commercial land assemblage in Hampton Cove, Brownsboro, AL (35741), comprised of three contiguous parcels.; Lot 3A: 2.79 acres, priced at $606,355.; Lot 3B: 1.92 acres, priced at $470,448.
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    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
    Highway 431 Brownsboro, AL 35741
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    We can help!
    Listing Contact
    Jackson Parker
    Jackson Parker
    Real Estate License ID: AL 000106208
    Learn more
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