Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wooded Land in Eight Mile Title is generated by Realmo AI

    Dykes Road, Eight Mile, AL 36613

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Eight Mile, AL

    Lot size:
    0.97 Acres
    Added:
    Jan 21, 2025
    Days on Market:
    476
    Last Refresh:
    May 12 at 3:06 pm

    Property Features for Dykes Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-1
    Fencing
    Barbed Wire
    Standard status
    Active
    APN
    2204360007021003
    Lot size
    0.97 Acres

    Taxes and HOA fees

    Tax Annual Amount
    139

    We can help!

    Listing Contact
    Kennon Henderson

    Listing agent Kennon Henderson License #088474

    Listing office IXL Real Estate LLC Mobile, AL

    Listing date Jan 21, 2025

    MLS# 7512439 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

    • Owner financing available when purchasing both lots together.
    • No HOA or Home Size Restrictions offer flexibility.
    • Located within city limits.
    • Opportunity to purchase two adjacent lots.
    • Ideal for builders looking to construct two homes.
    • Heavily wooded lots.

    Overview

    Two heavily wooded lots are available for sale, either separately or together. Located within the city limits, the lots are suitable for residential construction, with no restrictions on home size. Mobile homes and RVs are not permitted. There is no HOA or any covenants and restrictions. If both lots are purchased together with owner financing, the total price is $35,000 with 20% down, 10% interest for 30 years, and a balloon note due in 3 years, resulting in monthly payments of $245.72. One of the lots has a size of 0.971 acres. This presents an opportunity for builders to acquire two adjacent lots for constructing homes for sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Eight Mile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1832
    Latitude
    30.812

    Nearby Similar for Sale

    • $425,000
      2,315 SF

      Eight Mile Commercial Opportunity

      2.28-acre commercial property with high visibility and easy access.
      6125 Spice Pond Road, Eight Mile, AL 36613
      View Details
    • $134,900

      Lott Road Land For Sale

      Approximately 11 acres of land on Lott Road.
      5944 Lott Road, Eight Mile, AL 36613
      View Details
    • $25,000

      Residential Lot with Fruit Trees

      Buildable lot in Eight Mile, AL, with various fruit trees.
      5831 Graham Lane, Eight Mile, AL 36613
      View Details
    • $20,000

      Residential Lot in Eight Mile

      0.58-acre lot for single-family home in established subdivision.
      Chandler Ct Unit 22, Eight Mile, AL 36613
      View Details
    • $39,900

      Eight Mile Wooded Land

      1.61+/- acres of wooded land in Eight Mile, Alabama.
      Viewpoint Road, Eight Mile, AL 36613
      View Details
    • $249,900
      4,635 SF

      Eight Mile Commercial Investment Opportunity

      Spacious building with roll-up doors and studio apartment.
      6143 Highway 45, Eight Mile, AL 36613
      View Details
    • $17,000

      Residential Lot in Eight Mile

      Residential lot suitable for building a dream home.
      Chandler Court, Eight Mile, AL 36613
      View Details
    • $595,000

      Sixty Acre Eight Mile Retreat

      60-acre retreat perfect for recreation, horses, or private estate.
      0 Powell Road, Eight Mile, AL 36613
      View Details
    • $12,500

      Cleared Vacant Lot in Alabama

      Cleared 0.34-acre vacant lot in Eight Mile, Alabama.
      110 Faith Avenue, Eight Mile, AL 36613
      View Details
    • $425,000

      Prime Commercial Property For Sale

      2.28 +/- acre commercial property with high visibility.
      6125 Spice Pond Rd, Eight Mile, AL
      View Details
    • $35,000

      Land in Eight Mile, AL

      0.7 acre property with uninhabitable mobile home.
      5865 Odom Lane, Eight Mile, AL 36613
      View Details
    • $18,900

      Residential Lot in Eight Mile

      Residential lot for building a new home in Eight Mile.
      Heather Drive, Eight Mile, AL 36613
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Two wooded lots available, sold separately or together.
    Where is this residential land & home lot located?
    The property is located at Dykes Road Eight Mile, AL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Owner financing available when purchasing both lots together.; No HOA or Home Size Restrictions offer flexibility.; Located within city limits.
    (251) 402-0420
    We can help!
    Listing Contact
    Kennon Henderson
    Real Estate License ID: 088474
    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
    Dykes Road, Eight Mile, AL 36613
    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!