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    Walnut Grove Rd New Market, AL 35761

    For Sale
    $810,000

    Spacious Alabama land, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 27-acre parcel of land presents a unique opportunity for residential development in New Market, Alabama. Located just off Walnut Grove Road, approximately 4.5 miles east of Highway 231/431, this property enjoys a convenient location near Joe Quick Road and Walnut Grove Elementary School. The expansive acreage offers significant potential for various residential projects, allowing for substantial flexibility in design and layout. Currently, there is no zoning in place, providing developers with considerable freedom in their planning. While there is no existing sewer system, the possibility of bringing sewer lines to the property exists, adding to its development potential. The property's address is Walnut Grove Rd, New Market, AL 35761, and its precise coordinates are 34.94421554681923 latitude and -86.49583737009536 longitude. The asking price for this substantial land holding is $810,000. This represents a compelling investment opportunity for those seeking a large-scale residential development project in a desirable Alabama location.

    Property Features for 0 Walnut Grove Rd

    General Information

    Property type
    Land
    Lot Size
    1,176,120 SF

    HighLights

    • $810,000 asking price.
    • 27‑acre residential land parcel.
    • Located in New Market, Alabama, near Walnut Grove Elementary School and approximately 4.5 miles east of Highway 231/431.
    • No zoning restrictions.
    • Sewer connection potential.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Market
    County
    Madison
    State
    Alabama
    Longitude
    -86.495837370095
    Latitude
    34.944215546819

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    FAQs

    What type of property is this?
    Land - Spacious Alabama land, ideal for development.
    Where is this land located?
    The property is located at Walnut Grove Rd New Market, AL.
    What is the asking price?
    The asking price for this property is $810,000.
    What are key features of this property?
    This property features: $810,000 asking price.; 27-acre residential land parcel.; Located in New Market, Alabama, near Walnut Grove Elementary School and approximately 4.5 miles east of Highway 231/431.
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    Realmo Value Estimation

    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.

    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.

    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
    Walnut Grove Rd New Market, AL 35761
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