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    Prime Development Land with Utilities Title is generated by Realmo AI

    County Road 150, Courtland, AL 35618

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    For Sale
    $1,449,000

    LAND - Courtland, AL

    Lot size:
    48.00 Acres
    Added:
    Jun 3, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 4 at 10:06 am

    Property Features for County Road 150

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0704190000004.004.0
    Lot size
    48.00 Acres

    Utilities

    Water source
    Public
    Water front features
    Pond

    We can help!

    Listing Contact
    Courtney Embry

    Listing agent Courtney Embry License #80704

    Listing office Brickdriven Realty Madison 4072 Sullivan St., AL

    Listing date Jun 3, 2026

    MLS# 21919823 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

    • 48 +/- prime development acres in Lawrence County, AL, with additional acreage available and ability to subdivide
    • 800+/- feet of County Road 150 frontage with power, natural gas, and municipal water at the road
    • 40+/- acres of tillable ground for continued farming
    • Pond plus Big Nance Creek frontage
    • Located 400 feet from Highway 20/ALT 72; additional land fronting HWY 20 available
    • About 12 miles west of Decatur, 21 miles west of Huntsville, with I‑65 nearby

    Overview

    Available for sale, this 48 +/- acre development site offers flexibility for future uses and can be subdivided to accommodate multiple end users. The property includes 40 +/- acres of tillable ground, a pond, and Big Nance Creek frontage, with the option to continue agricultural use alongside development plans.

    The site is accessed via 800 +/- feet of County Road 150 frontage, with utilities available at the road including power, natural gas, and municipal water. It is located approximately 400 feet from Highway 20/ALT 72, and additional land fronting Highway 20 is available for purchase.

    This configuration supports a range of practical development directions, including industrial or commercial uses and solar development, while retaining productive farmland and water features on site. For buyers evaluating a multi-use parcel or phased approach, the combination of substantial frontage, utility access at the road, and highway adjacency can simplify early planning and site design. Subdivision availability also provides a path to tailor parcel sizes to specific tenant or buyer requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Alt. Energy / Solar ...

    Map

    City
    Courtland
    County
    Lawrence
    State
    Alabama
    Longitude
    -87.3033
    Latitude
    34.6602

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    FAQs

    What type of property is this?
    Agricultural land / Farmland - Development acreage with road frontage and utilities at the road, suited for industrial, commercial, or solar use.
    Where is this agricultural land / farmland located?
    The property is located at County Road 150 Courtland, AL.
    What is the asking price?
    The asking price for this property is $1,449,000.
    What are key features of this property?
    This property features: 48 +/- prime development acres in Lawrence County, AL, with additional acreage available and ability to subdivide; 800+/- feet of County Road 150 frontage with power, natural gas, and municipal water at the road; 40+/- acres of tillable ground for continued farming
    (256) 762-5995
    We can help!
    Listing Contact
    Courtney Embry
    Real Estate License ID: 80704
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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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