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

    0 lott road Eight Mile, AL 36613

    View on Map
    Picture of Other land at 0 lott road, Prichard, AL
    For Sale
    $274,900

    0.78 Acres Land For Sale - New HWY 158 & Lott Road

    Property size:
    34,325 SF
    Lot size:
    0.79 Acres
    Price / SF:
    $8/SF
    Added:
    Feb 21, 2025
    Days on Market:
    432
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 0 lott road

    General Information

    Standard status
    Active
    Property type
    Other land, Residential land & home lots, Commercial land, Land
    Size
    34,325 SF
    Elevators
    N/A
    Lot size
    0.79 Acres

    We can help!

    Listing Contact
    Paul Salter

    Listing agent Paul

    Listing office

    Listing date Feb 21, 2025

    Overview

    Commercial Lot on Highway 158

    Located in Eight Mile, Alabama, this 0.78-acre commercial lot is positioned at the intersection of Highway 158 and Lott Road. The property offers high visibility and accessibility, making it suitable for various commercial ventures such as retail, office, or service-based businesses. The location provides exposure to a substantial volume of daily traffic. The property is zoned for commercial use, and verification of zoning with local authorities is recommended. The site offers access to surrounding businesses and major transportation routes. The property is offered as-is.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Eight Mile
    County
    Mobile
    State
    Alabama
    Longitude
    -88.1832
    Latitude
    30.812

    Nearby Similar for Sale

    • $425,000
      2,315 SF

      Eight Mile Commercial Opportunity

      2.28-acre commercial property with high visibility and easy access.
      6125 Spice Pond Road, Eight Mile, AL 36613
      View Details
    • $134,900

      Lott Road Land For Sale

      Approximately 11 acres of land on Lott Road.
      5944 Lott Road, Eight Mile, AL 36613
      View Details
    • $25,000

      Residential Lot with Fruit Trees

      Buildable lot in Eight Mile, AL, with various fruit trees.
      5831 Graham Lane, Eight Mile, AL 36613
      View Details
    • $595,000

      Sixty Acre Eight Mile Retreat

      60-acre retreat perfect for recreation, horses, or private estate.
      0 Powell Road, Eight Mile, AL 36613
      View Details
    • $20,000

      Residential Lot in Eight Mile

      0.58-acre lot for single-family home in established subdivision.
      Chandler Ct Unit 22, Eight Mile, AL 36613
      View Details
    • $12,500

      Cleared Vacant Lot in Alabama

      Cleared 0.34-acre vacant lot in Eight Mile, Alabama.
      110 Faith Avenue, Eight Mile, AL 36613
      View Details
    • $39,900

      Eight Mile Wooded Land

      1.61+/- acres of wooded land in Eight Mile, Alabama.
      Viewpoint Road, Eight Mile, AL 36613
      View Details
    • $249,900
      4,635 SF

      Eight Mile Commercial Investment Opportunity

      Spacious building with roll-up doors and studio apartment.
      6143 Highway 45, Eight Mile, AL 36613
      View Details
    • $17,000

      Residential Lot in Eight Mile

      Residential lot suitable for building a dream home.
      Chandler Court, Eight Mile, AL 36613
      View Details
    • $425,000

      Prime Commercial Property For Sale

      2.28 +/- acre commercial property with high visibility.
      6125 Spice Pond Rd, Eight Mile, AL
      View Details
    • $18,900

      Residential Lot in Eight Mile

      Residential lot for building a new home in Eight Mile.
      Heather Drive, Eight Mile, AL 36613
      View Details
    • $18,900

      Residential Lot in Established Neighborhood

      Residential lot in established neighborhood, convenient to schools and work.
      Richard Lane, Eight Mile, AL 36613
      View Details

    FAQs

    What type of property is this?
    Land - 0.78 Acres Land For Sale - New HWY 158 & Lott Road
    Where is this land located?
    The property is located at 0 lott road Eight Mile, AL.
    What is the asking price?
    The asking price for this property is $274,900.
    (251) 649-1000
    We can help!
    Listing Contact
    Paul Salter
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!