Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Land in Harvest, AL Title is generated by Realmo AI

    Lantern Pointe Way NW, Harvest, AL 35749

    View on Map
    Claim this Listing
    For Sale
    $175,000

    COMMERCIAL - Harvest, AL

    Lot size:
    0.55 Acres
    Added:
    Jan 13, 2026
    Days on Market:
    121
    Last Refresh:
    May 14 at 5:06 am

    Property Features for Lantern Pointe Way NW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1503072000002.000
    Lot size
    0.55 Acres

    We can help!

    Listing Contact
    Alison Stevens

    Listing agent Alison Stevens License #139100

    Listing office Legend Realty 3508 Memorial Parkway SW, Huntsville, AL

    Listing date Jan 13, 2026

    MLS# 21867211

    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

    • Fantastic location suitable for various businesses (restaurant, storage, etc.).
    • Old RR Bed Frontage approx 142 ft.
    • Lantern Pointe Way NW Frontage approx 172 ft.
    • Area perimeter of property approx 462 ft.
    • Property sold as is.
    • All Information including measurements to be verified and confirmed by Purchaser.

    Overview

    This commercial land, located in Harvest, Alabama, offers a fantastic location suitable for various business ventures, including restaurants and storage facilities. The area perimeter of the property is approximately 462 feet. It features frontage on Old RR Bed of approximately 142 feet and frontage on Lantern Pointe Way NW of approximately 172 feet. The lot size is 0.55 acres. The property is sold as is. All information, including measurements, should be verified and confirmed by the purchaser.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Harvest
    County
    Madison
    State
    Alabama
    Longitude
    -86.7377
    Latitude
    34.8338

    Nearby Similar for Sale

    • $470,000
      3,009 SF

      Harvest Commercial Redevelopment Opportunity

      1.6 acres in growing Harvest corridor with redevelopment potential.
      1209 Ford Chapel Road, Harvest, AL 35749
      View Details
    • $350,000

      Commercial Land in Harvest, AL

      Vacant land with road frontage in Huntsville, Madison County.
      Old Railroad Bed Road, Harvest, AL 35749
      View Details
    • $1,500,000

      Commercial Land in Growing Area

      Investment opportunity in high-traffic area near new development.
      6312 Hwy 53 N, Harvest, AL 35749
      View Details
    • $1,500,000

      Harvest, AL Prime Commercial Property

      15-acre commercial property with frontage, pond, creek, and buildings.
      1135 Capshaw Road, Harvest, AL 35749
      View Details
    • $429,000

      Acreage Land in Harvest, AL

      Land with fencing, water & electricity on county border.
      17930 Wales Drive, Harvest, AL 35749
      View Details
    • $840,000

      Acreage Land in Harvest, AL

      12 acres of land with utilities in Harvest, Alabama.
      17929 Wales Drive, Harvest, AL 35749
      View Details
    • $800,000

      Harvest, AL Land Opportunity

      15+/- acre tract ideal for development or estate homesite.
      15 acres E Limestone Road, Harvest, AL 35749
      View Details
    • $245,000

      Harvest, AL Commercial Lot

      Approximately 1 acre lot with commercial or residential potential.
      Spring Crest Lane lot: 1, Harvest, AL 35749
      View Details
    • $755,000
      4,872 SF

      Harvest, AL Multi-Family Property

      Four 3-bedroom units near Madison Hospital and Redstone Arsenal.
      104 John Walker Circle, Harvest, AL 35749
      View Details
    • $795,000

      Unzoned Land Near Highway 53

      10.7 acres of level, unzoned land near Harvest Square.
      10 acres Jeff Road, Harvest, AL 35749
      View Details
    • $470,000

      Harvest Corridor Redevelopment Site

      1.6 acre commercial site with redevelopment potential in Harvest.
      1209 Ford Chapel Road, Harvest, AL 35749
      View Details
    • $700,000

      Harvest, AL Land Parcel

      17.57 acres in Harvest, AL, ideal homesite.
      17.5 Acres Burwell Road, Harvest, AL 35749
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land suitable for various businesses in Harvest, Alabama.
    Where is this commercial land located?
    The property is located at Lantern Pointe Way NW Harvest, AL.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Fantastic location suitable for various businesses (restaurant, storage, etc.).; Old RR Bed Frontage approx 142 ft.; Lantern Pointe Way NW Frontage approx 172 ft.
    (256) 631-3235
    We can help!
    Listing Contact
    Alison Stevens
    Real Estate License ID: 139100
    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
    Lantern Pointe Way NW, Harvest, AL 35749
    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!