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    Waterfront Residential Building Lot Title is generated by Realmo AI

    BILLINGSLEY DRIVE lot 37, Sylacauga, AL 35044

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    Claim this Listing
    For Sale
    $99,997

    LAND - SYLACAUGA, AL

    Lot size:
    2.00 Acres
    Added:
    Oct 14, 2025
    Days on Market:
    235
    Last Refresh:
    Jun 5 at 10:06 am

    Property Features for BILLINGSLEY DRIVE lot 37

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RESIDENTIAL
    Standard status
    Active
    APN
    2904190000023003
    Lot size
    2.00 Acres

    Taxes and HOA fees

    Tax Description
    148.44' X 447.70' IRR COM @ SE COR OF FRACTION B OF SEC 19 T21S R2E. TH N ALG E BDRY OF FRACTION B 1042.70' TO POB. CONT N 447.70' TO S BANK OF LAY LAKE. TH WLY ALG S BANK 148.44' SW 366.18' SE 83.99' SE 212.81' TO POB. ALSO KNOWN AS LOT 37 LAY LAKE S/D SECTION 5 AN UNRECORDED S/D

    Utilities

    Utilities
    Cable Available
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Jake Corley

    Listing agent Jake Corley

    Listing office Keller Williams Metro South 224 1st Street N Ste 225, Alabaster, AL

    Listing date Oct 14, 2025

    MLS# 21434156 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 2‑acre main channel waterfront building lot on Lay Lake in Lay Lake Estates subdivision
    • Located at the end of a cul‑de‑sac, offering a more private setting
    • Utilities available include public water and natural gas, plus AT&T fiber internet and cable available
    • Community boat launch and sitting area included
    • Fayetteville School system
    • About a 5‑minute boat ride to Paradise Point Marina or Beeswax Park

    Overview

    This sale offering is a residential waterfront building lot with approximately 2 acres on Lay Lake, described as a main channel waterfront parcel within the Lay Lake Estates subdivision. The site is located at the end of a cul-de-sac and is presented with natural wooded surroundings, offering a private setting for a lakeside home design. Utilities noted for the property include AT&T fiber internet, natural gas, and public water. A community boat launch and sitting area are also part of the community amenities.

    The property is identified at Billingsley Drive, Lot 37, in Sylacauga, Alabama (Talladega County). The remarks indicate a tranquil, tucked-away location within the subdivision and provide nearby access points by boat, including Paradise Point Marina or Beeswax Park at an estimated 5-minute ride. Additional local recreation and dining are referenced as being less than 10 minutes away at Pursell Farms & Farmlinks Golf Course, with 3 restaurants and a spa mentioned, along with clay shooting and more. For off-lake commuting and services, the remarks cite approximately 15 minutes to Hwy 280 in Childersburg or Sylacauga and 16.4 miles to medical services or a hospital.

    For buyers looking to build a lakeside residence on Lay Lake, this parcel’s main channel frontage orientation and end-of-cul-de-sac setting are the core attributes. With public water, natural gas, and fiber available, it supports planning for modern residential construction while remaining within a community that provides a shared boat launch area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Sylacauga
    County
    Talladega
    State
    Alabama
    Longitude
    -86.4709578
    Latitude
    33.1931917

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    FAQs

    What type of property is this?
    Waterfront Land - Main channel Lay Lake lot at the end of a cul-de-sac with utilities available and community boat launch access.
    Where is this waterfront land located?
    The property is located at BILLINGSLEY DRIVE lot 37 Sylacauga, AL.
    What is the asking price?
    The asking price for this property is $99,997.
    What are key features of this property?
    This property features: 2‑acre main channel waterfront building lot on Lay Lake in Lay Lake Estates subdivision; Located at the end of a cul‑de‑sac, offering a more private setting; Utilities available include public water and natural gas, plus AT&T fiber internet and cable available
    (205) 514-7792
    We can help!
    Listing Contact
    Jake Corley
    Request Owner's contact information
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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.

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