Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Three Mile Resort lot 23 & 24 Centre, AL 35960

    View on Map
    Claim this Listing
    New
    For Sale
    $189,900

    LAND - Centre, AL

    Lot size:
    0.22 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 29 at 10:06 am

    Property Features for Three Mile Resort lot 23 & 24

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1305150000004.023 & .024
    Lot size
    0.22 Acres

    Utilities

    Water source
    Public
    Water front features
    Lake, Waterfront
    Water front
    1

    We can help!

    Listing Contact
    Cathy Griffeth
    Cathy Griffeth

    Listing agent Cathy Griffeth License #89974

    Listing office Lakeweissalabama.Com 3545 Al Hwy 9, Cedar Bluff, AL

    Listing date Apr 27, 2026

    MLS# 21910623 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.

    Overview

    Waterfront Recreational Lots with RV

    These two deeded waterfront recreational lots are located on the peninsula of Weiss Lake in Centre, within the Three Mile Resort area. The property, approximately 0.22 acres, features water on both sides. Included is an RV with a screened, partially wraparound porch and an outdoor shower. A swing is positioned to enjoy the view, and a fire pit is available for gatherings. The 2013 Forest River Cherokee Camper can accommodate 8-10 people. The property includes a small pier on the slough side and a 75-ft pier on the main point. Each lot has its own water source, plus a holding tank on site. The location is suited for fishing, boating, and water sports.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Centre
    County
    Cherokee
    State
    Alabama
    Longitude
    -85.5772
    Latitude
    34.068

    Nearby Similar for Sale

    • $1,950,000
      7,752 SF

      Commercial Property with Income Potential

      Profitable commercial property featuring gun shop, shooting range, and storage.
      996 Cedar Bluff Road, Centre, AL 35960
      View Details
    • $1,650,000
      11,000 SF

      Established Fitness and Health Spa

      Multi-business establishment with fitness center, salon, clinic, and rental income.
      1199 Chesnut Bypass, Centre, AL 35960
      View Details
    • $669,000
      7,200 SF

      Professional Office Building For Sale

      7,200+/- sq ft office building in high-traffic area.
      1551 Chestnut Bypass, Centre, AL 35960
      View Details
    • $500,000
      8,856 SF

      Visible Strip Center on US 411

      Seven-unit strip center with high visibility and ample parking.
      1 W Sunflower Court unit: 1-7, Centre, AL 35960
      View Details
    • $799,000
      10,500 SF

      Modern Retail Building in Centre

      Vacant 10,500 SF retail building constructed in 2021.
      8599 US Hwy 411, Centre, AL 35960
      View Details
    • $529,000

      Private Acreage with Modern Upgrades

      Serene 10-acre property with updated home and large shop.
      12325 US Highway 411 N, Centerville, AL 35960
      View Details
    • $38,000

      Commercial Land on US HWY

      3.38-acre commercial land tract with road access.
      8485 US Highway 411, Centre, AL 35960
      View Details
    • $48,000

      Unrestricted Land on Highway 411

      3.4+/- acres with road frontage near Weiss Lake.
      9405 US Highway 411 N, Centre, AL 35960
      View Details
    • $31,250

      Undeveloped Land Near Weiss Lake

      Unrestricted land near Weiss Lake, ideal for recreation and development.
      Tract 3 County Road 450, Centre, AL 35960
      View Details
    • $32,500

      Undeveloped Land Near Weiss Lake

      Unrestricted land near Weiss Lake, the "Crappie Capital of the World."
      Tract 1 County Road 450, Centre, AL 35960
      View Details
    • $32,500

      Undeveloped Land Near Weiss Lake

      Unrestricted land near Weiss Lake, Centre, Alabama. Development opportunity.
      Tract 2 County Road 450, Centre, AL 35960
      View Details
    • $129,000

      Deeded RV Lot Near Lake

      0.48-acre RV lot with lake access and utilities.
      435 County Road 450 lot: 147, Centre, AL 35960
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Two waterfront lots with RV on Weiss Lake, Centre, AL.
    Where is this waterfront land located?
    The property is located at Three Mile Resort lot 23 & 24 Centre, AL.
    What is the asking price?
    The asking price for this property is $189,900.
    What are key features of this property?
    This property features: Two deeded waterfront lots on Weiss Lake peninsula; Includes RV (sleeps 8‑10) with screened porch, outdoor shower, and swing; **Two piers: one on slough side, one 75‑ft on main point**
    (678) 986-6103
    We can help!
    Listing Contact
    Cathy Griffeth
    Cathy Griffeth
    Real Estate License ID: 89974
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!