Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Lakefront Lot with Dock Title is generated by Realmo AI

    Highway 273 lot 0, Leesburg, AL 35983

    View on Map
    Claim this Listing
    For Sale
    $299,000

    LAND - Leesburg, AL

    Lot size:
    0.50 Acres
    Added:
    Mar 24, 2026
    Days on Market:
    60
    Last Refresh:
    May 22 at 3:06 am

    Property Features for Highway 273 lot 0

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    0909300000008.000
    Lot size
    0.50 Acres

    Utilities

    Sewer type
    Septic Tank
    Water source
    Public
    Water front features
    Waterfront, Lake
    Water front
    1

    We can help!

    Listing Contact
    Jessica Fox

    Listing agent Jessica Fox License #114878

    Listing office Sweet Home Alabama Real Estate 800 Rocky Ford Point Rd., AL

    Listing date Mar 24, 2026

    MLS# 21899914 Listing URL

    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

    • Lakefront property with 110 feet of shoreline
    • Features a 1400 sq ft open pavilion with bathroom area
    • Private dock for lake access
    • Septic system already in place
    • Camper hookup available
    • Level, 1/2 acre lot close to Yellow Creek Falls

    Overview

    This lakefront building lot offers a pavilion and private dock. The 0.5 acre level lot features 110 feet of shoreline near Yellow Creek Falls. Improvements include a 1400 square foot open pavilion with a designated bathroom area, camper hookup, and septic system. A private dock provides access to the water. The property is located in Leesburg, AL.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Leesburg
    County
    Cherokee
    State
    Alabama
    Longitude
    -85.7726
    Latitude
    34.1831

    Nearby Similar for Sale

    • $927,700
      8,460 SF

      Versatile Commercial Property on US 411

      Commercial property with high visibility and multiple buildings.
      5855 Weiss Lake Boulevard, Leesburg, AL 35983
      View Details
    • $350,000
      2,000 SF

      Leesburg Multi-Family Property on Acres

      Multi-family property on 2.9 acres with income potential.
      755 County Road 355, Leesburg, AL 35983
      View Details
    • $99,000

      Land in Leesburg, Alabama

      Land available for sale in Leesburg, Alabama.
      836 County Road 359, Leesburg, AL 35983
      View Details
    • $60,000
      450 SF

      Leesburg Commercial Opportunity For Sale

      Former service station/general store on corner lot for sale.
      845 US Hwy 411, Leesburg, AL 35983
      View Details
    • $927,700
      8,500 SF

      Commercial Property on US 411

      Versatile commercial property with high visibility and traffic count.
      5855 Weiss Lake Boulevard, Leesburg, AL 35983
      View Details
    • $149,000

      Waterfront RV Lot with Camper

      Spacious waterfront RV lot with included 2016 Forest River camper.
      2516 US Hwy 411 N, Leesburg, AL 35983
      View Details
    • $49,000

      Leesburg Wooded Land For Sale

      3.1 acres of wooded land with utilities in place.
      400 County Road 915, Leesburg, AL 35983
      View Details
    • $50,000

      Leesburg Land with Lake View

      Unrestricted corner lot near Weiss Lake with utility access.
      County Road 249 lot: 1, Leesburg, AL 35983
      View Details
    • $60,000

      Former Service Station on Corner Lot

      Commercial opportunity on 0.36 acres with high visibility.
      845 US Hwy 411, Leesburg, AL 35983
      View Details
    • $29,500

      Land in Leesburg, Alabama

      3.90+/- acre property perfect for homesite or weekend getaway.
      3.90 County Road 235, Leesburg, AL 35983
      View Details
    • $64,900

      Land with Lake Views

      4.93-acre lot overlooking Weiss Lake near Cherokee Rock Valley.
      County Road 70 lot: #0, Leesburg, AL 35983
      View Details
    • $48,900

      Land with Lake Access

      Two lots totaling 1.71 acres with lake access.
      1.71 Acres County Road 592, Leesburg, AL 35983
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Lakefront 0.5 acre lot with pavilion and private dock.
    Where is this waterfront land located?
    The property is located at Highway 273 lot 0 Leesburg, AL.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: Lakefront property with 110 feet of shoreline; Features a 1400 sq ft open pavilion with bathroom area; Private dock for lake access
    (256) 458-6547
    We can help!
    Listing Contact
    Jessica Fox
    Real Estate License ID: 114878
    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 273 lot: 0, Leesburg, AL 35983
    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!