Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Highway 31 1 Clanton, AL 35045

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $375,000

    2.5-acre commercial property with frontage on Highway 31.

    Type:Lots/Land
    Lot size:
    2.50 Acres
    Added:
    Apr 2, 2026
    Days on Market:
    32
    Last Refresh:
    Apr 7 at 9:13 pm

    Property Features for Highway 31 1

    General Information

    Standard status
    Active
    Lot size
    2.50 Acres
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    Sue Hope

    Listing agent Sue Hope License #22441

    Listing office Hope Realty, LLC

    Listing date Apr 2, 2026

    Source Exitrealty

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Hope Realty, LLC

    Overview

    Commercial Land on High-Traffic Highway

    This 2.5-acre commercial property is zoned B3, Neighborhood Business District. It features 135 feet of frontage on high-traffic Highway 31 and 210 feet of frontage on a through road near the high school and Clanton Urgent Care. The property presents a development opportunity in the growing Clanton area. All utilities are available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Clanton
    County
    Chilton
    State
    Alabama
    Longitude
    -86.625253
    Latitude
    32.842268

    Nearby Similar for Sale

    • $950,000

      Highway Frontage Commercial Investment Opportunity

      High-traffic corner lot suitable for redevelopment with income-producing structures.
      10325 COUNTY ROAD 29, CLANTON, AL 35085
      View Details
    • $399,000

      Renovated Retail Building in Clanton

      Fully renovated commercial/retail building in downtown Clanton with high traffic.
      1502 N 7TH STREET, CLANTON, AL 35045
      View Details
    • $4,400

      Spacious Office with Modern Amenities

      4,300 sq ft office space with conference room and kitchen.
      2000 LAY DAM ROAD, CLANTON, AL 35045
      View Details
    • $100,000

      Lay Lake Waterfront Development Land

      90+ acres on Lay Lake in Coosa County, Alabama.
      12345 Sehoya Drive, Clanton, AL 35046
      View Details
    • $299,900

      28.81 Acres Ready for Home

      28.81 acres with utilities, ideal for residential use.
      0 COUNTY ROAD 28, CLANTON, AL 35045
      View Details
    • $399,900

      Prime Land in Clanton, Alabama

      40.4 acres with development and investment potential.
      Highway 31, Clanton, AL 35045
      View Details
    • $350,000
      1,420 SF

      Clanton Office Building For Sale

      Office building in high-traffic area suitable for various uses.
      1903 7th N Street, CLANTON, AL 35045
      View Details
    • $2,300,000

      45 Acres Industrial Land Clanton

      45 acres of M-2 zoned industrial land with railroad access.
      4025 Industrial Park Drive, Clanton, AL 35045
      View Details
    • $879,900

      Interstate Development Land For Sale

      4.09 acre commercial land parcel for development.
      3375 Highway 145, CLANTON, AL 35046
      View Details
    • $84,900

      Land for Development in Clanton

      5.21 acre lot in Lake View Estates, Clanton, AL
      Lot 13 COUNTY ROAD 730, CLANTON, AL 35045
      View Details
    • $185,000

      45 Acres Near Clanton Walmart

      45 acres with timber and views, near Clanton, Alabama.
      0 COUNTY ROAD 391, CLANTON, AL 35045
      View Details
    • $975,000

      25 Acres Commercial Land Clanton

      25 acres of commercial land, perfect for various ventures.
      0 COUNTY ROAD 490, CLANTON, AL 35046
      View Details

    FAQs

    What type of property is this?
    Commercial land - 2.5-acre commercial property with frontage on Highway 31.
    Where is this commercial land located?
    The property is located at Highway 31 1 Clanton, AL.
    What is the asking price?
    The asking price for this property is $375,000.
    What are key features of this property?
    This property features: 2. 5 acre commercial property zoned B3.; Located in active, growing Clanton.; **135 feet of frontage on high‑traffic Highway 31.**
    (205) 389-1987
    We can help!
    Listing Contact
    Sue Hope
    Real Estate License ID: 22441
    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

    Highway 31 1, CLANTON, AL 35045

    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!