Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land in Boaz, Alabama Title is generated by Realmo AI

    0.83 ACRE Mt Vernon Rd, Boaz, AL 35957

    View on Map
    Claim this Listing
    For Sale
    $40,000

    LAND - Boaz, AL

    Lot size:
    0.83 Acres
    Added:
    May 26, 2026
    Days on Market:
    12
    Last Refresh:
    Jun 6 at 6:06 pm

    Property Features for 0.83 ACRE Mt Vernon Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1907350000006.002
    Lot size
    0.83 Acres

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    We can help!

    Listing Contact
    Jason Roberts

    Listing agent Jason Roberts License #96355

    Listing office Leading Edge R.E. Group-Mad. 814 Palmer Rd Suite E, AL

    Listing date May 26, 2026

    MLS# 21919105 Listing URL

    Copyright © 2026 ValleyMLS.Com,Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Large 0.83 acre +/- lot size ideal for development.
    • Zoned R1, allowing for residential development opportunities.
    • Water meter already on site, saving you time and expense.
    • Power already on site.
    • Public water source available.
    • Public sewer available.

    Overview

    This is an approximately 0.83 acre lot zoned R1. A water meter and power are available on site. The property is located in Boaz, Alabama.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Boaz
    County
    Marshall
    State
    Alabama
    Longitude
    -86.1537
    Latitude
    34.1534

    Nearby Similar for Sale

    • $239,900
      3,000 SF

      Commercial Building on Highway 168

      3,000 SF commercial building with highway frontage in Boaz, AL.
      12179 Al Hwy 168, Boaz, AL 35957
      View Details
    • $529,900
      6,800 SF

      Remodeled Building on 5 Acres

      6,800 sq ft remodeled building on 4.68 acres.
      12475 Highway 431 S, Boaz, AL 35956
      View Details
    • $360,000
      6,000 SF

      Downtown Boaz Commercial Property

      Spacious 6,000 sq ft commercial property in downtown Boaz.
      182 S Broad Street, Boaz, AL 35957
      View Details
    • $609,000
      17,895 SF

      Boaz Commercial Property For Sale

      17,895 SF commercial property on 6.43 acres in Boaz.
      110 Industry Drive, Boaz, AL 35956
      View Details
    • $599,900
      2,610 SF

      Boaz, AL Commercial Property

      High-visibility commercial property in Boaz, Alabama, suitable for various businesses.
      1254 US Highway 431, Boaz, AL 35957
      View Details
    • $544,000

      Boaz, AL Land For Sale

      32-acre farm with pond, barn, sheds, and mobile home.
      835 New Clear Creek Road, Boaz, AL 35957
      View Details
    • $1,100,000

      Highway Frontage Land For Sale

      41 acres with highway frontage in Boaz, Alabama.
      75 S Highway 431 S, Boaz, AL 35957
      View Details
    • $49,900

      Highway Frontage Commercial Land

      High-traffic location on Highway 431, perfect for commercial venture.
      1234 US Highway 431 N, Boaz, AL 35956
      View Details
    • $199,000

      Boaz, AL Land For Sale

      3.8 acres on US Highway 431, Boaz, Alabama.
      10400 US Highway 431, Boaz, AL 35956
      View Details
    • $599,900

      23-Acre Property with Income Potential

      23-acre property with income streams and expansion potential.
      23 acres Martin Road, Boaz, AL 35957
      View Details
    • $32,000

      Land in Creekside Subdivision

      Three lots totaling just under 3 acres in Boaz, AL.
      Brush Creek Drive lot: 9-11, Boaz, AL 35957
      View Details
    • $239,900

      Unrestricted Land with Shop, Boaz

      10-acre unrestricted land with a 3-bay shop in Boaz, AL.
      934 Miller Drive, Boaz, AL 35957
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.83 acre lot with water and power.
    Where is this residential land & home lot located?
    The property is located at 0.83 ACRE Mt Vernon Rd Boaz, AL.
    What is the asking price?
    The asking price for this property is $40,000.
    What are key features of this property?
    This property features: Large 0.83 acre +/- lot size ideal for development.; Zoned R1, allowing for residential development opportunities.; Water meter already on site, saving you time and expense.
    (256) 874-6501
    We can help!
    Listing Contact
    Jason Roberts
    Real Estate License ID: 96355
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    0.83 ACRE Mt Vernon Rd, Boaz, AL 35957
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!