Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    20 Acre Residential Land Tract Title is generated by Realmo AI

    Phillips Rd lot 2 20+-Ac, Cottonwood, AL 36320

    View on Map
    Claim this Listing
    For Sale
    $196,000

    LAND - Cottonwood, AL

    Lot size:
    20.00 Acres
    Added:
    Feb 11, 2026
    Days on Market:
    108
    Last Refresh:
    May 30 at 6:06 pm

    Property Features for Phillips Rd lot 2 20+-Ac

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1901110000002000
    Lot size
    20.00 Acres

    Utilities

    Water source
    Public
    Water front features
    Creek

    We can help!

    Listing Contact
    Donnie Wells

    Listing agent Donnie Wells

    Listing office The Real Estate Group 2323 W Main St Ste 215, Dothan, AL

    Listing date Feb 11, 2026

    MLS# 209848 Listing URL

    Copyright © 2026 Southeast Alabama Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 20 acre residential tract offering privacy and natural beauty.
    • Scenic running creek and abundant wildlife (deer).
    • Restricted to one site‑built home (minimum 1,850 sq. ft.)
    • Power, water, cable, and phone available at the road.
    • Mature hardwoods and professionally thinned planted pines.
    • Located in the desirable Cottonwood School zone.

    Overview

    This 20-acre residential tract in Cottonwood, AL, offers privacy, natural beauty, and convenience. It is restricted to one site-built home with a minimum of 1,850 sq. ft., with no mobile or manufactured homes and no commercial activity allowed. The land features mature hardwoods, professionally thinned planted pines, and a scenic running creek. Abundant wildlife, including deer, inhabits the area. Power, water, cable, and phone are available at the road. Located in the Cottonwood School zone, this property offers country living with convenient access to nearby amenities. It is identified as Lot 2, with more joining lots available and is builder friendly.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Cottonwood
    County
    Houston
    State
    Alabama
    Longitude
    -85.30605459
    Latitude
    31.0759125

    Nearby Similar for Sale

    • $143,000
      1,000 SF

      Versatile Commercial Space in Cottonwood

      Adaptable commercial property with high visibility and flexible layout.
      12969 COTTONWOOD RD, Cottonwood, AL 36320
      View Details
    • $139,900
      1,200 SF

      Land with Insulated Metal Building

      Two parcels of land with metal building and utilities.
      100 Womack Road, Cottonwood, AL 36320
      View Details
    • $111,150

      Unrestricted Land Near Cottonwood, AL

      19.827 acres of unrestricted land near Cottonwood, Alabama.
      19.827 Acres Tract 10 Mt Zion Rd, Cottonwood, AL 36320
      View Details
    • $128,000

      Cottonwood Land with Utilities

      12.14 acres with well, septic, and power.
      612 Edwin Reynolds Road, Cottonwood, AL 36320
      View Details
    • $25,000

      Residential Lots in Cottonwood, Alabama

      Buildable residential lots with city utilities in a convenient location.
      12584 Cottonwood Rd. Lot 1, Cottonwood, AL 36320
      View Details
    • $325,000

      Cottonwood, AL Commercial Property

      Versatile 5-acre commercial property with nightclub potential in Cottonwood, AL.
      1225 State Line Rd., Cottonwood, AL 36320
      View Details
    • $129,900

      Residential Land in Cottonwood, AL

      13-acre residential tract for custom dream home in Cottonwood.
      Cottonwood Rd lot: 4, 13+-Ac, Cottonwood, AL 36320
      View Details
    • $165,000

      Residential Land in Cottonwood, AL

      15-acre residential tract for custom home in Cottonwood, AL.
      Cottonwood Rd/ Phillips Rd lot: 3, 15+-Ac, Cottonwood, AL 36320
      View Details
    • $25,000

      Residential Lots in Cottonwood, Alabama

      Buildable residential lots with city utilities in a convenient location.
      12584 Cottonwood Rd. Lot 3, Cottonwood, AL 36320
      View Details
    • $25,000

      Residential Lots in Cottonwood, AL

      Buildable residential lots with city utilities in a convenient location.
      12584 Cottonwood Rd Lot 2, Cottonwood, AL 36320
      View Details
    • $82,500

      10 Acre Homesite and Hunting

      10 acres near Dothan with creek, pines, and hardwoods.
      Saint Mary, Cottonwood, AL 36320
      View Details
    • $249,500

      31.5 Acre Homesite Opportunity

      31.5 acre tract ideal for homesite, hobby farm.
      31.5+-ac Rammer Loop Rd, Cottonwood, AL 36301
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Beautiful homesite with acreage and natural charm in Cottonwood, AL.
    Where is this residential land & home lot located?
    The property is located at Phillips Rd lot 2 20+-Ac Cottonwood, AL.
    What is the asking price?
    The asking price for this property is $196,000.
    What are key features of this property?
    This property features: 20 acre residential tract offering privacy and natural beauty.; **Scenic running creek and abundant wildlife (deer).**; Restricted to one site‑built home (minimum 1,850 sq. ft.)
    (334) 618-3239
    We can help!
    Listing Contact
    Donnie Wells
    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
    Phillips Rd lot: 2, 20+-Ac, Cottonwood, AL 36320
    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!