Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Pickwick Lake Waterfront Lot Title is generated by Realmo AI

    Paradise Dr, Waterloo, AL 35677

    View on Map
    Claim this Listing
    For Sale
    $350,000

    LAND - Waterloo, AL

    Lot size:
    1.93 Acres
    Added:
    Sep 5, 2024
    Days on Market:
    626
    Last Refresh:
    May 23 at 4:06 am

    Property Features for Paradise Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R1
    Standard status
    Active
    APN
    1101110001047000520005300
    Lot size
    1.93 Acres

    Taxes and HOA fees

    Tax Description
    410' X 200' IRR SPORTSMANS PARADISE SUB LOT 58 .62 AC/C PG-4 PG-60 SEC 11 T2S R15W
    Tax Annual Amount
    422

    Utilities

    Water front features
    Lake
    Water front
    1

    We can help!

    Listing Contact
    Devin Battles

    Listing agent Devin Battles License #124260

    Listing office RE/MAX Tri-State 1661 S Wilson Dam Rd, Florence, AL

    Listing date Sep 5, 2024

    MLS# 518548 Listing URL

    Copyright © 2026 Strategic MLS Alliance, 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

    • 1.93‑acre lakefront lot on Pickwick Lake
    • Easy water access via gently sloping walkway
    • Cleared building site ready for construction
    • Private beach area
    • Excellent fishing, boating, and water sports opportunities on Pickwick Lake
    • Ideal setting for a custom‑built home

    Overview

    This 1.93-acre lot offers an opportunity to build a lakefront home. The property provides easy water access via a gently sloping walkway, a cleared building site, and a private beach area. Situated on Pickwick Lake, the location is known for fishing, boating, and water sports opportunities. The lot is located in Waterloo, Alabama.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Waterloo
    County
    Lauderdale
    State
    Alabama
    Longitude
    -88.069897
    Latitude
    34.908193

    Nearby Similar for Sale

    • $95,000

      Waterloo, AL Vacant Hunting Land

      40-acre hunting land bordering Lauderdale Wildlife Management Area.
      1 Smith Road, Waterloo, AL 35677
      View Details
    • $99,000

      Waterloo, AL Vacant Land Tract

      40-acre tract bordering Lauderdale Wildlife Management Area.
      1 CR 45, Waterloo, AL 35677
      View Details
    • $149,500

      Waterloo, Alabama Land For Sale

      22-acre retreat bordering Lauderdale County Wildlife Management Area.
      3120 Co Rd 14, Waterloo, AL 35677
      View Details
    • $215,000

      Waterloo Hunting Land For Sale

      61.8+/- acre hunting paradise with abundant wildlife.
      0 County Road 79, Waterloo, AL 36577
      View Details
    • $200,000

      Waterloo Land with Development Potential

      Two parcels totaling 28.53 acres, ideal for residential development.
      6208 Co Rd 8, Waterloo, AL 35677
      View Details
    • $215,000

      Waterloo, AL Hunting Land

      61.8+/- acre hunting paradise with abundant wildlife.
      County Rd 79, Waterloo, AL 36577
      View Details
    • $95,000
      600 SF

      Versatile 10-Acre Land in Waterloo

      10-acre property ideal for homesite, getaway, or hunting retreat.
      5925 Co Rd 83, Waterloo, AL 35677
      View Details
    • $22,000

      Waterloo, AL Land For Sale

      3.3 acres in Waterloo, AL, recreational or future building.
      Co Rd 90, Waterloo, AL 35677
      View Details
    • $215,000

      Waterloo Land with Store Building

      Land with store building, suitable for family home or getaway.
      6208 Co Rd 8, Waterloo, AL 35677
      View Details
    • $149,500

      Waterloo Land Borders Wildlife Area

      22-acre retreat bordering Lauderdale County Wildlife Management Area.
      3120 Co Rd 14, Waterloo, AL 35677
      View Details
    • $120,000

      Waterloo Land for Sale

      16.93 acre lot in Waterloo, Alabama.
      6330 Co Rd 87, Waterloo, AL 35677
      View Details
    • $120,000

      Waterloo Hunting Land For Sale

      16.93 acres of wooded land in Waterloo Community.
      6330 Co Rd 87, Waterloo, AL 35677
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - 1.93-acre lakefront lot on Pickwick Lake with private beach.
    Where is this waterfront land located?
    The property is located at Paradise Dr Waterloo, AL.
    What is the asking price?
    The asking price for this property is $350,000.
    What are key features of this property?
    This property features: 1.93‑acre lakefront lot on Pickwick Lake; Easy water access via gently sloping walkway; Cleared building site ready for construction
    (256) 810-4786
    We can help!
    Listing Contact
    Devin Battles
    Real Estate License ID: 124260
    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
    Paradise Dr, Waterloo, AL 35677
    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!