Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Large Acreage in Florala, AL Title is generated by Realmo AI

    Circle R Farm Drive, Florala, AL 36442

    View on Map
    Claim this Listing
    For Sale
    $370,000

    LAND - Florala, AL

    Lot size:
    70.00 Acres
    Added:
    Jul 24, 2024
    Days on Market:
    660
    Last Refresh:
    May 14 at 6:06 pm

    Property Features for Circle R Farm Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    H1
    Fencing
    Perimeter
    Standard status
    Active
    APN
    3001120000006000
    Lot size
    70.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    808

    We can help!

    Listing Contact
    Devin Schaff

    Listing agent Devin Schaff

    Listing office Keller Williams Mobile Mobile, AL

    Listing date Jul 24, 2024

    MLS# 7428123 Listing URL

    Copyright © 2026 Mobile Area Association of REALTORS®. 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 acreage in a country setting
    • Close proximity to the city of Florala
    • Suitable for building a dream home or multiple homes
    • Mostly cleared land with wooded perimeters
    • Features a creek on one side of the lot
    • Electrical access is close to the property

    Overview

    This 70-acre tract of land is located just outside the city of Florala, Alabama. The property is mostly cleared, with wooded areas around three perimeters, and features a creek on one side. Electrical access is close to the property. The land is zoned H1 and presents an opportunity for building a home or multiple homes. It is also suitable for farming, hunting, and recreational activities such as four-wheeling.
    Location Intelligence

    Current Use by Public Records

    Hunting land

    Map

    City
    Florala
    County
    Covington
    State
    Alabama
    Longitude
    -86.2018904
    Latitude
    31.0642469

    Nearby Similar for Sale

    • $89,900

      Buildable Lots Near Lake Jackson

      Four buildable lots near Lake Jackson with city utilities.
      23447 2nd Avenue, Florala, AL 36442
      View Details
    • $899,000

      Prime Commercial Land Opportunity

      Highly visible commercial land for sale on US Hwy 331.
      23834 State Lin Rd, Florala, AL 36442
      View Details
    • $38,000

      Cleared Vacant Land For Sale

      5 acres of cleared land suitable for residential or agricultural.
      5 Ac - C1 McPhail Farm Road, Florala, AL 36442
      View Details
    • $184,900

      42 Acres of Prime Land

      42-acre parcel with creek, hunting, and building potential.
      4769 DAVIS RD, Florala, AL 36442
      View Details
    • $38,000

      Cleared Land Near Lake Jackson

      3 acres of cleared, vacant land with agricultural zoning.
      3 Acre -E Prescott Rd, Florala, AL 36442
      View Details
    • $38,000

      Cleared Vacant Land in Florala

      5 acres of cleared land suitable for residential or agricultural.
      5 Ac - C2 McPhail Farm Road, Florala, AL 36442
      View Details
    • $38,000

      Vacant Land in Florala, AL

      4.91 acres of cleared land suitable for residential or agricultural.
      4.91D Acre McPhail Farm Road, Florala, AL 36442
      View Details
    • $169,900

      Florala Land for Residential Development

      12.87 acres of vacant lots for residential development.
      56 Lots 10th Street, Florala, AL 36442
      View Details
    • $299,900

      37.4 Acres on McPhail Farm

      37.4 acres perfect for site-built or mobile home.
      37.4 Acres McPhail Farm Road, Florala, AL 36442
      View Details
    • $64,900

      Residential Land on Red Oak

      14.57 acres of residential land with recreational potential.
      14.57 Acres Red Oak Road, Florala, AL 36442
      View Details
    • $470,000
      6,822 SF

      2,386 SF Retail For Sale 1076 3rd Street

      Retail space attached to gas station in prime location.
      1078 3rd St, Florala, AL 36442
      View Details
    • $45,000

      Cleared Land in Florala, AL

      Vacant 5.65 acres ideal for home or mobile home.
      5.65 Acre Prescott Rd, Florala, AL 36442
      View Details

    FAQs

    What type of property is this?
    Land - 70 acres of land near Florala, Alabama, ideal for farming.
    Where is this land located?
    The property is located at Circle R Farm Drive Florala, AL.
    What is the asking price?
    The asking price for this property is $370,000.
    What are key features of this property?
    This property features: Large acreage in a country setting; Close proximity to the city of Florala; Suitable for building a dream home or multiple homes
    (251) 404-1669
    We can help!
    Listing Contact
    Devin Schaff
    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

    Thank You for Inquiry
    Circle R Farm Drive, Florala, AL 36442
    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!