Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Logan Martin Lake Residential Lot Title is generated by Realmo AI

    EAGLE POINTE DRIVE lot 7, Pell City, AL 35128

    View on Map
    Claim this Listing
    Pending
    $380,000

    LAND - PELL CITY, AL

    Lot size:
    1.38 Acres
    Added:
    May 26, 2025
    Days on Market:
    375
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for EAGLE POINTE DRIVE lot 7

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Pending
    APN
    29-05-15-0-001-013.007
    Lot size
    1.38 Acres

    Taxes and HOA fees

    Tax Description
    LOT 7 EAGLE POINTE ESTATES SUB MB "E" PG 36 & 38 15-17-4

    Utilities

    Utilities
    Cable Available
    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Dana Ellison

    Listing agent Dana Ellison License #96746

    Listing office LAH Sotheby's International Realty Mountain Brook 2850 Cahaba Rd, Suite 200 Mountain Brook Branch, Birmingham, AL

    Listing date May 26, 2025

    MLS# 21419929 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

    • Waterfront property on Logan Martin Lake
    • Gently sloping lot
    • Located in the desirable Eagle Pointe subdivision
    • Opportunity to build a custom home
    • One of the best lake lots available
    • Waterfront features

    Overview

    This is a 1.38-acre gently sloping lot located in the Eagle Pointe subdivision on Logan Martin Lake. The property is intended for residential use, offering the opportunity to build a home and enjoy lakefront living.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Pell City
    County
    St. Clair
    State
    Alabama
    Longitude
    -86.2050637
    Latitude
    33.5549241

    Nearby Similar for Sale

    • $125,000

      Pell City Retail with Drive-Through

      Downtown Pell City retail with drive-through and parking.
      2001 1ST AVENUE, PELL CITY, AL 35125
      View Details
    • $549,900

      Established Mechanic's Shop on Highway

      Well-equipped mechanic's shop with high visibility and storage.
      3315 COGSWELL AVENUE, PELL CITY, AL 35125
      View Details
    • $1,100,000

      Highway 78 Landmark Retail Property

      High-visibility retail/office property on Highway 78 in Pell City, AL.
      3508 COGSWELL AVENUE, PELL CITY, AL 35125
      View Details
    • $179,000
      2,000 SF

      Pell City Commercial Space

      Prime downtown commercial space in Pell City, Alabama.
      1915 COGSWELL AVENUE, PELL CITY, AL 35128
      View Details
    • $375,000

      Duplex with Private Backyards

      Two tenant-occupied duplex units offer eat-in kitchens, two full baths, garages, and private partially fenced outdoor space.
      16 3RD STREET, PELL CITY, AL 35125
      View Details
    • $550,000
      4,088 SF

      Established Mechanic's Shop on Highway

      Mechanic's shop on US Highway 78 with specialized equipment.
      3315 Cogswell Avenue, PELL CITY, AL 35125
      View Details
    • $749,900

      Rural Acreage with Creek Access

      A 192-acre parcel with wet-weather creek and road frontage on two sides, offering multiple building sites.
      SHAW ROAD lot: 0, PELL CITY, AL 35128
      View Details
    • $1,500,000
      11,232 SF

      Turn-Key St. Clair County Building

      16,901 sq. ft. building on +/- two acres.
      220 Kings Circle, PELL CITY, AL 35128
      View Details
    • $130,000

      Waterfront Homesite with 62-Foot Frontage

      Buildable lakefront homesite offering approximately 62 feet of water frontage in a remaining lots phase.
      9200 MEETING STREET lot: 30, PELL CITY, AL 35128
      View Details
    • $130,000

      Waterfront Homesite with 102' Frontage

      Build a custom home on a waterfront homesite with 102 feet of frontage in The Horizons Community.
      9220 MEETING STREET lot: 34, PELL CITY, AL 35128
      View Details
    • $130,000

      Waterfront Homesite Land

      Build your custom home on a lakefront homesite with 60 feet of water frontage in a final-phase community.
      9232 MEETING STREET lot: 35, PELL CITY, AL 35128
      View Details
    • $130,000

      Waterfront Homesite Land

      Build with your own plans on a waterfront homesite with approximately 62 feet of water frontage.
      9170 MEETING STREET lot: 30, PELL CITY, AL 35128
      View Details

    FAQs

    What type of property is this?
    Land - Gently sloping 1.38-acre lot in Eagle Pointe subdivision.
    Where is this land located?
    The property is located at EAGLE POINTE DRIVE lot 7 Pell City, AL.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: Waterfront property on Logan Martin Lake; Gently sloping lot; Located in the desirable Eagle Pointe subdivision
    (205) 369-1413
    We can help!
    Listing Contact
    Dana Ellison
    Real Estate License ID: 96746
    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
    EAGLE POINTE DRIVE lot: 7, PELL CITY, AL 35128
    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!