Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Montevallo Land Suitable for Development Title is generated by Realmo AI

    4.15 END OF CANTERBURY ROAD, Montevallo, AL 35115

    View on Map
    Claim this Listing
    New
    For Sale
    $275,000

    Land - MONTEVALLO, AL

    Lot size:
    4.15 Acres
    Added:
    May 18, 2026
    Days on Market:
    2
    Last Refresh:
    May 19 at 9:06 am

    Property Features for 4.15 END OF CANTERBURY ROAD

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Apartments or Townhomes
    Standard status
    Active
    Lot size
    4.15 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Ann Thomas

    Listing agent Ann Thomas

    Listing office Keller Williams Metro North 651 Main Street, Ste. 115, Gardendale, AL

    Listing date May 18, 2026

    MLS# 21453391 Listing URL

    Copyright © 2026 Greater Alabama MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Located within 10 minutes of the University of Montevallo
    • Potential for approximately 8 units per acre
    • Partially cleared land, ready for development
    • Located at the end of a subdivision
    • Demand for more affordable living in the area
    • Close to Downtown Montevallo's shops and restaurants

    Overview

    Located in Montevallo, Alabama, a city known for its downtown area, walking areas, local shops, stores, and restaurants, this 4.15-acre property is situated within 10 minutes of the University of Montevallo, at the end of a subdivision. The property has been partially cleared and is zoned for apartments or townhomes, with a potential yield of approximately 8 units per acre. The location may be suitable for new apartments or townhomes, addressing the demand for more affordable living in the area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Montevallo
    County
    Shelby
    State
    Alabama
    Longitude
    -86.8879
    Latitude
    33.1388

    Nearby Similar for Sale

    • $650,000

      Montevallo Commercial Development Opportunity

      2.87 acre commercial land parcel in Montevallo, Alabama.
      3817 HIGHWAY 25, MONTEVALLO, AL 35115
      View Details
    • $350,000

      Unique Retail Building on Main

      Unique retail building with parking on Main Street in Montevallo.
      955 MAIN STREET, MONTEVALLO, AL 35115
      View Details
    • $350,000
      1,328 SF

      Montevallo Main Street Commercial Building

      Unique commercial building on Main Street in Montevallo, Alabama.
      955 Main Street, MONTEVALLO, AL 35115
      View Details
    • $75,000

      Spacious Lot with Redevelopment Potential

      Large lot with utilities, redevelopment potential, sold as-is.
      5784 HIGHWAY 25, MONTEVALLO, AL 35115
      View Details
    • $150,000

      Montevallo Duplex: Investment Opportunity

      Duplex near I-65 and University of Montevallo. Great investment!
      195 MELTON STREET, MONTEVALLO, AL 35115
      View Details
    • $695,000

      Commercial City Block in Montevallo

      Commercial city block near University of Montevallo and softball stadium.
      550 MIDDLE STREET, MONTEVALLO, AL 35115
      View Details
    • $1,125,000

      Montevallo Farm with Shoal Creek Frontage

      98-acre farm with 5,200 feet of Shoal Creek frontage.
      576 GUN LOCK ROAD, MONTEVALLO, AL 35115
      View Details
    • $299,900

      Operating Car Wash For Sale

      Operating car wash on one acre in Montevallo, Alabama.
      4817 Highway 25, MONTEVALLO, AL 35115
      View Details
    • $42,900

      Residential Lot in Montevallo, AL

      Residential lot in Montevallo near shopping, schools, and restaurants.
      103 CALMONT WOODS DRIVE, MONTEVALLO, AL 35115
      View Details
    • $299,900

      Operating Car Wash Business Opportunity

      Operating car wash business for sale in Montevallo, Alabama.
      4817 HIGHWAY 25, MONTEVALLO, AL 35115
      View Details
    • $475,000

      Montevallo Acreage with Development Potential

      6+/- acres in fast-growing Montevallo, suitable for commercial/residential development.
      5584 HIGHWAY 25, MONTEVALLO, AL 35115
      View Details
    • $15,000

      Residential Lot Near University

      Half acre lot in established subdivision near university.
      0 ASHVILLE CIRCLE, MONTEVALLO, AL 35115
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Land in Montevallo, AL, ideal for apartments or townhomes.
    Where is this residential land & home lot located?
    The property is located at 4.15 END OF CANTERBURY ROAD Montevallo, AL.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Located within 10 minutes of the University of Montevallo; Potential for approximately **8 units per acre**; **Partially cleared land, ready for development**
    (205) 401-6611
    We can help!
    Listing Contact
    Ann Thomas
    Real Estate License ID: 102096
    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
    4.15 END OF CANTERBURY ROAD, MONTEVALLO, AL 35115
    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!