Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    8+ Acre Homesite Near Lake Title is generated by Realmo AI

    Lee Road 367, Valley, AL 36854

    View on Map
    Claim this Listing
    For Sale
    $99,900

    LAND - Valley, AL

    Type:Single Family Residence
    Lot size:
    8.38 Acres
    Added:
    Feb 13, 2026
    Days on Market:
    97
    Last Refresh:
    May 21 at 4:06 pm

    Property Features for Lee Road 367

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    R
    Vegetation
    Wooded
    Standard status
    Active
    Lot size
    8.38 Acres

    We can help!

    Listing Contact
    Brent Newsome

    Listing agent Brent Newsome License #79178

    Listing office Keller Williams Realty River C 3703 18th Ave, Columbus, AL

    Listing date Feb 13, 2026

    MLS# E103046 Listing URL

    Copyright © 2026 East Alabama Board 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

    • 8+ acre property offers privacy and space.
    • Conveniently located minutes from Lake Harding.
    • Close proximity to multiple boat ramps.
    • Percs for a conventional septic system.
    • Ideal for building a custom dream home.
    • Suited for outdoor enthusiasts and nature lovers.

    Overview

    This property, spanning over 8 acres, is located in Valley, Alabama, minutes from Lake Harding and multiple boat ramps. The homesite offers a blend of privacy and convenience, providing opportunities to enjoy the outdoors. The property percs for a conventional septic system, making it suitable for building a home in a natural setting. The lot size is 8.38 acres.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Valley
    County
    Lee
    State
    Alabama
    Longitude
    -85.1356511
    Latitude
    32.6984316

    Nearby Similar for Sale

    • $189,000
      5,562 SF

      Valley, AL Commercial Building

      Turn-key restaurant and retail space in historic Valley, AL.
      1100 BOULEVARD Street, VALLEY, AL 36854
      View Details
    • $485,000
      7,684 SF

      Commercial Property in Valley, AL

      High-visibility commercial property suitable for retail, office, or service businesses.
      559 Fob James Drive, Valley, AL 36854
      View Details
    • $105,000
      2,184 SF

      Valley, AL Church Building

      Church building with sanctuary, offices, kitchen, and multiple bathrooms.
      2002 43rd Street, Valley, AL 36854
      View Details
    • $96,500
      1,387 SF

      Commercial Building in Valley, AL

      Commercial building with open floor plan and highway access.
      5302 20th Avenue, Valley, AL 36854
      View Details
    • $135,000

      3+ Acre Rural Property

      Rural property in Beulah community, ideal for homesite or recreation.
      3125 LEE ROAD 375, VALLEY, AL 36854
      View Details
    • $124,900

      Waterfront Land on Lake Harding

      1.51-acre waterfront lot with 251 feet of waterfront.
      628 Lee Road 889, Valley, AL 36854
      View Details
    • $786,213

      Recreational Land in Chambers County

      157.4 acre tract suitable for recreation and homesteading.
      COUNTY ROAD 193, VALLEY, AL 36854
      View Details
    • $298,900

      Valley, AL Car Wash Opportunity

      Car wash with manual bays and vacuums on 0.31 acres.
      103 TRAMMELL Road, VALLEY, AL 36854
      View Details
    • $290,000

      Lake Harding Waterfront Land

      4.41 acre lot with 800+ feet of lake frontage.
      1374 Lee Rd 380, Valley, AL 36854
      View Details
    • $99,900

      8+ Acre Homesite Near Lake

      8+ acre homesite near Lake Harding for outdoor enthusiasts.
      LEE ROAD 367, VALLEY, AL 36854
      View Details
    • $298,900

      Valley, AL Car Wash Property

      Car wash with manual bays and vacuums on 0.31 acres.
      103 Trammell Road, Valley, AL 36854
      View Details
    • $18,500

      Residential Lot in Valley, Alabama

      Cleared 0.28-acre residential lot ready for construction.
      7281 20TH Avenue, VALLEY, AL 36854
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 8+ acre homesite near Lake Harding in Valley, Alabama.
    Where is this residential land & home lot located?
    The property is located at Lee Road 367 Valley, AL.
    What is the asking price?
    The asking price for this property is $99,900.
    What are key features of this property?
    This property features: 8+ acre property offers privacy and space.; Conveniently located minutes from Lake Harding.; Close proximity to multiple boat ramps.
    (334) 298-3900
    We can help!
    Listing Contact
    Brent Newsome
    Real Estate License ID: 79178
    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
    Lee Road 367, Valley, AL 36854
    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!