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    2313 Walker Ln New Market, AL 35761

    For Sale
    $469,800

    Residential Land - Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional 15.66-acre parcel of undeveloped land presents a remarkable opportunity for residential development. Located on Walker Lane in New Market, Alabama (Madison County, zip code 35761), this property boasts 85 feet of road frontage, providing excellent accessibility. The asking price is $469,800, translating to $30,000 per acre, reflecting the land's significant potential. Utilities are readily available, with water and power access already in place, simplifying the development process. The property's zoning is currently unpermitted, offering flexibility for future development plans. Situated at 34.92146647986863 latitude and -86.49050249570199 longitude, this location offers a blend of rural tranquility and convenient access to nearby amenities. The expansive acreage allows for a variety of development options, from single-family homes to potentially larger-scale residential projects. This is a prime opportunity to acquire a substantial tract of land in a desirable Alabama location, ready for your vision to take shape. Serious inquiries only.

    Property Features for 2313 Walker Ln

    General Information

    Property type
    Land
    Lot Size
    682,150 SF

    HighLights

    • 15.66‑acre undeveloped land parcel on Walker Lane, Madison County. Water and power available. Ideal for residential development.
    • 85 feet of road frontage on Walker Lane.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Hotel & Motel Department Store Storage Facility HVAC Service Grocery Store Convenience Store Bakery

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

    Location Insight

    • Map
    • Local Demand
    City
    New Market
    County
    Madison
    State
    Alabama
    Longitude
    -86.490502495702
    Latitude
    34.921466479869

    Nearby Comparable

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    • $420,000
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      21.04 acres with creek access and mountain views.
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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Residential Land - Development Opportunity
    Where is this land located?
    The property is located at 2313 Walker Ln New Market, AL.
    What is the asking price?
    The asking price for this property is $469,800.
    What are key features of this property?
    This property features: 15.66-acre undeveloped land parcel on Walker Lane, Madison County. Water and power available. Ideal for residential development.; 85 feet of road frontage on Walker Lane.;
    Request Owner's contact information
    2313 Walker Ln New Market, AL 35761
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    New Market, AL 35761
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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
    2313 Walker Ln New Market, AL 35761
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