Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lake George Waterfront Building Lot Title is generated by Realmo AI

    Lot 13 Mary Drive 13, Roanoke, AL 36274

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Flat, buildable lot on private Lake George in Roanoke, AL.

    Type:Lots/Land
    Added:
    Mar 2, 2026
    Days on Market:
    85
    Last Refresh:
    Apr 7 at 9:50 pm

    Property Features for Lot 13 Mary Drive 13

    General Information

    Standard status
    Active
    Property subtype
    Lots/Land

    We can help!

    Listing Contact
    DeeDee McGraw

    Listing agent DeeDee McGraw

    Listing office EXP Realty LLC

    Listing date Mar 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 EXP Realty LLC

    HighLights

    • Flat, buildable lot.
    • Located on Lake George.
    • Lake George is a private lake.
    • Located in Roanoke.
    • Paved road access.
    • City water available.

    Overview

    This is a flat building lot situated on the waterfront of Lake George, a private lake located in Roanoke, Alabama. The property benefits from paved road access and availability of city water. This lot is suitable for building.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Suggested Use

    Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Roanoke
    County
    Randolph
    State
    Alabama
    Longitude
    -85.388129
    Latitude
    33.115742

    Nearby Similar for Sale

    • $575,000
      16,200 SF

      Industrial Property with Rental Income

      9.5 acres with rental income and multiple buildings.
      1167 LAFAYETTE HIGHWAY, ROANOKE, AL 36274
      View Details
    • $325,000
      10,400 SF

      Downtown Roanoke Retail Opportunity

      Large retail space in the heart of downtown Roanoke, AL.
      986 MAIN STREET, ROANOKE, AL 36274
      View Details
    • $349,900
      10,443 SF

      Downtown Roanoke Commercial Building

      Large commercial building in downtown Roanoke with business potential.
      986 Main Street, ROANOKE, AL 36274
      View Details
    • $125,000

      Roanoke Land with Shop

      Downtown Roanoke land with shop, zoned B1 or R2.
      Satterwhite Street, Roanoke, AL 36274
      View Details
    • $1,075,000

      Historic Farm with Creek Frontage

      127+/- acre family farm with High Pine Creek.
      0 COUNTY ROAD 59, ROANOKE, AL 36274
      View Details
    • $488,000

      Roanoke, AL Land with Mobile Home

      64-acre property with a 2020 manufactured home.
      13215 AL HWY 77, Roanoke, AL 36274
      View Details
    • $5
      87,979 SF

      Bonner's Point Retail Center

      Community retail center with anchor spaces available in Roanoke, Alabama.
      3075-3159 US Highway 431 | Roanoke, AL 36274
      View Details
    • $397,500

      82 Acres Hunting/Timber Tract

      Exceptional hunting and timber tract with mature hardwood timber.
      71 Orion Ln, Roanoke, AL 36274
      View Details
    • $30,000

      Roanoke, AL Building Lot

      2.34 acre building lot with county water access.
      County Road 865, Roanoke, AL 36274
      View Details
    • $28,500

      Lake George Waterfront Lot

      Waterfront lot on Lake George in Roanoke, Alabama.
      Lot 7 Mary Drive 7, ROANOKE, AL 36274
      View Details
    • $34,425

      LAND - Roanoke, AL

      W County Road 655 lot: 3, Roanoke, AL 36274
      View Details
    • $28,500

      Lake George Waterfront Lot

      Waterfront lot on private Lake George in Roanoke, Alabama.
      Lot 6 Mary Drive 6, ROANOKE, AL 36274
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Flat, buildable lot on private Lake George in Roanoke, AL.
    Where is this waterfront land located?
    The property is located at Lot 13 Mary Drive 13 Roanoke, AL.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Flat, buildable lot.; Located on Lake George.; Lake George is a private lake.
    (334) 646-0795
    We can help!
    Listing Contact
    DeeDee McGraw
    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
    Lot 13 Mary Drive 13, ROANOKE, AL 36274
    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!