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    Residential Development Land Tract Title is generated by Realmo AI

    COUNTY ROAD 12 lot 23.940, Centre, AL 35960

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    For Sale
    $147,000

    LAND - CENTRE, AL

    Lot size:
    23.94 Acres
    Added:
    May 14, 2025
    Days on Market:
    387
    Last Refresh:
    Jun 4 at 11:06 pm

    Property Features for COUNTY ROAD 12 lot 23.940

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1909320000010007
    Lot size
    23.94 Acres

    Taxes and HOA fees

    Tax Description
    BEG SW COR OF SECTION; N349.56D 450S TO SELY ROW CO RD 12; N E ALG CO RD 1156.04D 1110'S; S1192.33D 1230'S; W744.57 TO PO BEG NW COR SD SEC;E 744.57';S 456.43'D 470'S;NW 85';SW 201.44';NW 346.63';NW 122.32';N 423.34'TO POB

    We can help!

    Listing Contact
    Ashley Mitchell
    Ashley Mitchell

    Listing agent Ashley Mitchell

    Listing office ERA King Real Estate 1530 Hillyer Robinson Ind. Pky, Anniston, AL

    Listing date May 14, 2025

    MLS# 21419015 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

    • 23 acres of land in Centre, AL (Spring Garden area)
    • Located in northeast Alabama
    • Nearby Weiss Lake for fishing, boating, and recreation
    • Suitable for building a home, creating a retreat, or land investment (per remarks)

    Overview

    This offering is a vacant land tract totaling 23.94 acres in Centre, Alabama. The property is presented as a blank canvas for buyers looking to build a home, develop a retreat, or hold land for future planning. With its size and rural character, the land can accommodate a variety of residential-focused layouts depending on the buyer’s development goals.

    The tract is located in the Centre area, Cherokee County, near County Road 12 (lot description provided). The seller’s remarks place the property in the Spring Garden Area and describe surrounding outdoor recreation in northeast Alabama, including Weiss Lake for fishing, boating, and recreation, as well as scenic trails in the Appalachian foothills.

    For buyers, this is a practical acreage option for anyone seeking space to construct a residence or pursue a small-scale development concept in the Centre area. For investors or developers, the tract provides room to plan for future growth, subject to the buyer’s intended use and any applicable permitting requirements. Interested parties should review local requirements and site conditions prior to moving forward with design and development.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Centre
    County
    Cherokee
    State
    Alabama
    Longitude
    -85.6172
    Latitude
    34.1416

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    FAQs

    What type of property is this?
    Residential land & home lot - Nearly 24 acres in Centre, Alabama, suited for building, retreat-style projects, or future plans.
    Where is this residential land & home lot located?
    The property is located at COUNTY ROAD 12 lot 23.940 Centre, AL.
    What is the asking price?
    The asking price for this property is $147,000.
    What are key features of this property?
    This property features: 23 acres of land in Centre, AL (Spring Garden area); Located in northeast Alabama; Nearby Weiss Lake for fishing, boating, and recreation
    (256) 689-2688
    We can help!
    Listing Contact
    Ashley Mitchell
    Ashley Mitchell
    Learn More
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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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