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    Riverside Waterfront Land in Gated Subdivision Title is generated by Realmo AI

    Judge Greene Place Road lot 27, Greensboro, AL 36744

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    Claim this Listing
    For Sale
    $39,900

    LAND - Greensboro, AL

    Lot size:
    1.12 Acres
    Added:
    Aug 13, 2025
    Days on Market:
    298
    Last Refresh:
    Jun 6 at 10:06 pm

    Property Features for Judge Greene Place Road lot 27

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single Family Residence
    Standard status
    Active
    APN
    20 06 24 0 000 001.008
    Lot size
    1.12 Acres

    Taxes and HOA fees

    Tax Description
    METES AND BOUNDS: LOT#27 JUDGE GREENE PLACE SUB. PHASE 1 [911 Address has already been assigned. Please use 1241 Judge Greene Place Rd when writing a contract.]

    Utilities

    Water front features
    River Front

    We can help!

    Listing Contact
    Patty Helton Davis
    Patty Helton Davis

    Listing agent Patty Helton Davis License #8210

    Listing office PHD Realty, LLC 1812 South Main Street, Atmore, AL

    Listing date Aug 13, 2025

    MLS# 383789 Listing URL

    Copyright © 2026 Baldwin 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

    • Lot 27 in the gated Judge Greene Place Subdivision with 1.12 acres of slough‑front land along the Black Warrior River
    • River front along the Black Warrior River for fishing, boating, and exploring
    • Community includes a private boat ramp providing access to the Black Warrior River and the Intracoastal Waterway
    • Public water and underground power available at the lot
    • Annual HOA fee is $400; protective covenants apply
    • Gravel private roads with gated access

    Overview

    Lot 27 in the gated Judge Greene Place Subdivision offers 1.12 acres of slough-front land along the Black Warrior River. The property is in a residential setting governed by single-family residence zoning, and buyers can choose their own builder and timeline. Public water and underground power are available to support a straightforward transition from purchase to construction.

    The subdivision is accessed through gated entry and uses gravel private roads. Community amenities referenced with the property include a private boat ramp providing direct access to the Black Warrior River and the Intracoastal Waterway leading toward the Gulf. The surrounding area is described as rolling terrain within a private, natural setting.

    This parcel is suited to buyers looking to build a primary home or a weekend retreat with direct water access for recreation such as fishing, boating, and exploring. The listing notes protective covenants intended to preserve community character, and an annual HOA fee of $400. The remarks also state the location is just minutes from Greensboro and about five miles from a new West Alabama Highway under construction. Owner financing is available, and buyers are asked to verify all details during due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Greensboro
    County
    Hale
    State
    Alabama
    Longitude
    -87.5841
    Latitude
    32.7252

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    FAQs

    What type of property is this?
    Waterfront Land - Slough-front land along the Black Warrior River with public water and underground power available for future homebuilding.
    Where is this waterfront land located?
    The property is located at Judge Greene Place Road lot 27 Greensboro, AL.
    What is the asking price?
    The asking price for this property is $39,900.
    What are key features of this property?
    This property features: Lot 27 in the gated Judge Greene Place Subdivision with 1.12 acres of slough‑front land along the Black Warrior River; River front along the Black Warrior River for fishing, boating, and exploring; Community includes a private boat ramp providing access to the Black Warrior River and the Intracoastal Waterway
    (251) 368-1063
    We can help!
    Listing Contact
    Patty Helton Davis
    Patty Helton Davis
    Real Estate License ID: 8210
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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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