Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2026 Old Carter Hill Rd Pike Road, AL 36064

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    156 Acres, Two Homes, Prime Location

    Property Features for 2026 Old Carter Hill Rd

    General Information

    Property type
    Land
    Lot Size
    6,795,360 SF

    We can help!

    Listing Contact
    Leroy Mcentire
    Leroy Mcentire

    Listing Agency: ARC Realty Montgomery Listing Agent: Leroy Mcentire

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 156-acre property in Pike Road, Alabama, presents a remarkable opportunity for residential development. Located at 2026 Old Carter Hill Rd, Montgomery County, zip code 36064, this family-owned land boasts a prime location, zoned AG-1 and RE-Residential, ensuring compatibility with the desirable Pike Road School system. The asking price is $2,240,000, translating to $14,360 per acre. The property includes existing structures, adding to its immediate value and potential: two houses, two barns, and two storage buildings. Four ponds enhance the natural beauty of the landscape. Several hilltop locations offer breathtaking views and ideal sites for custom homes. The property's frontage on Old Carter Hill Road, just south of the Farmington Estate neighborhood entrance, provides excellent accessibility and visibility. The Town of Pike Road Subdivision Code ensures the maintenance of high-quality neighboring properties, contributing to a desirable community atmosphere. This expansive parcel offers significant potential for a master-planned residential development, capitalizing on its central location south of Meriwether Road and north of the intersection of US Highway 82 and US Highway 231. This is a rare opportunity to acquire a substantial tract of land in a highly sought-after area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Arcade & Gaming Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Pike Road
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.0946267
    Latitude
    32.2451879

    Nearby Similar for Sale

    • $350,000
      19,072 SF

      Versatile Pike Road Commercial Building

      Large commercial building with endless potential in growing Pike Road.
      2238 Alexander Rd, Pike Road, AL 36064
      View Details
    • $4,207,025
      4.39 Acres

      Pike Road Commercial Opportunity

      Commercial land for hotels, restaurants, retail, or offices.
      12645 Us Highway 80, Pike Road, AL 36064
      View Details
    • $250,000
      0.17 Acres

      Lakefront Lot in The Waters

      Residential lot with lake views and community amenities.
      60 Crescent Way, Pike Road, AL 36064
      View Details
    • Contact for pricing
      31,000 SF

      Pike Road Office/Warehouse Opportunity

      31,000 SF Office/Warehouse, 9 Acres
      565 Pike Rd, Pike Road, AL 36064
      View Details

    FAQs

    What type of property is this?
    Land - 156 Acres, Two Homes, Prime Location
    Where is this land located?
    The property is located at 2026 Old Carter Hill Rd Pike Road, AL.
    What is the asking price?
    The asking price for this property is $2,240,000.
    What are key features of this property?
    This property features: 156-acre residential development opportunity in Pike Road, AL.; Located in Pike Road, zoned AG-1 and RE-Residential, within the Pike Road School District.; Centrally located south of Meriwether Rd and north of US Hwy 82 & US Hwy 231 intersection.
    (334) 495-2532 Call to check price and availability
    Request Owner's contact information
    2026 Old Carter Hill Rd Pike Road, AL 36064
    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.
    2026 Old Carter Hill Rd
    Pike Road, AL 36064
    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
    2026 Old Carter Hill Rd Pike Road, AL 36064
    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

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Leroy Mcentire
    Leroy Mcentire
    Real Estate License ID: ALABAMA12394
    (334) 495-2532
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!