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

    PRESERVE CIRCLE lot 5, Rockford, AL 35136

    View on Map
    Claim this Listing
    For Sale
    $149,000

    LAND - ROCKFORD, AL

    Lot size:
    1.10 Acres
    Added:
    Mar 10, 2025
    Days on Market:
    454
    Last Refresh:
    Jun 6 at 9:06 pm

    Property Features for PRESERVE CIRCLE lot 5

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1507360000009.039
    Lot size
    1.10 Acres

    Taxes and HOA fees

    Tax Description
    LOT L-5 THE PRESERVE AT LAKE MITCHELL PHASE IV PB6 PG15 - LAKE LOT

    Utilities

    Water source
    Public
    Water front
    1

    We can help!

    Listing Contact
    Ginger Bell

    Listing agent Ginger Bell License #134578

    Listing office EXIT Royal Realty 103 7th Street N, Clanton, AL

    Listing date Mar 10, 2025

    MLS# 21411986 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

    • Waterfront lot at The Preserve at Lake Mitchell on Pennymotley Creek
    • Deep water year‑round for fishing, boating, and water sports
    • Minutes from Lake Mitchell Marina and Graces Marina
    • Public water available
    • Water views with nature/wildlife sightings reported, including American bald eagles

    Overview

    This waterfront land parcel is offered for sale as a residential lot at The Preserve at Lake Mitchell. The property is located along Pennymotley Creek, providing water-facing setting suitable for building a private home. The listing notes deep water year-round, supporting uses such as fishing, boating, and water sports.

    The lot is in the Lake Mitchell area of Rockford, Alabama, within The Preserve community. It is described as being near Lake Mitchell Marina and Graces Marina, giving context for recreational access around the lake and surrounding waterways.

    For buyers looking to build on a waterfront site, this parcel offers a straightforward opportunity to create a lakeside residence with direct creek frontage. If your plans include water-oriented activities, the property’s noted deep-water conditions are particularly relevant. The Preserve at Lake Mitchell setting may appeal to users who want to base construction on a natural, water-adjacent environment while still maintaining convenient access to nearby marinas.
    Property Profile Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Rockford
    County
    Coosa
    State
    Alabama
    Longitude
    -86.265
    Latitude
    32.8633

    Nearby Similar for Sale

    • $659,900
      3,250 SF

      Rockford Estate with Creek Frontage

      43-acre estate with a spacious home and workshop buildings.
      600 County Road 301, Rockford, AL 35136
      View Details
    • $218,400

      Wooded Hunting Land with Pond

      Wooded, rolling Coosa County land with a pond and creek plus internal road access to multiple grass fields.
      LITTLE TOM ROAD lot: 0, ROCKFORD, AL 35136
      View Details
    • $125,000

      Lakefront Lot in Gated Community

      Lakefront lot in a gated community with water frontage.
      COVE DRIVE lot: 4, ROCKFORD, AL 35136
      View Details
    • $129,000
      1,919 SF

      Garage/Car Wash Opportunity

      Garage with car wash plumbing on approximately one acre.
      258 Jackson Street, ROCKFORD, AL 35136
      View Details
    • $50,000

      Rockford, AL Land Parcel

      10+/- acre parcel ideal for homesite, mini farm, recreation.
      387 County Road 79, Rockford, AL 35010
      View Details
    • $79,900

      Lake Mitchell Waterfront Land

      Waterfront land with utilities and lake views.
      LOT 6 Eagle Mountain Road 6, ROCKFORD, AL 35136
      View Details
    • $224,500

      Lake Mitchell Waterfront Lot

      Rare, flat 1-acre waterfront lot with 105' shoreline.
      2147 Eagle Mountain Road 12, ROCKFORD, AL 35136
      View Details
    • $289,900
      2,248 SF

      Highway 231 Commercial Opportunity

      Own your business on busy Highway 231 in Rockford.
      8510 Highway 231, ROCKFORD, AL 35136
      View Details
    • $129,000

      Waterfront Residential Development Land

      Waterfront lot at The Preserve at Lake Mitchell, offering creek frontage for a custom build in a nature-focused setting.
      PRESERVE CIRCLE lot: 8, ROCKFORD, AL 35136
      View Details
    • $90,000

      Lakefront Land with 444 Ft Frontage

      Lakefront acreage with 444 feet of water frontage, offered as three lots for building in a gated lake community.
      BIG Y COVE LOOP lot: 201, 202, ROCKFORD, AL 35136
      View Details
    • $125,000

      Waterfront Residential Lot

      Build-ready waterfront lot on Pennymotley Creek near Lake Mitchell marinas, offering year-round deep-water access and water views.
      PRESERVE CIRCLE lot: 7, ROCKFORD, AL 35136
      View Details
    • $110,000

      Waterfront Residential Build Lot

      Waterfront lot on Pennymotley Creek near Lake Mitchell marinas, offering a buildable setting with year-round deep water access.
      PRESERVE CIRCLE lot: 10, ROCKFORD, AL 35136
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Waterfront lot on Pennymotley Creek offering year-round deep-water access for boating and fishing.
    Where is this waterfront land located?
    The property is located at PRESERVE CIRCLE lot 5 Rockford, AL.
    What is the asking price?
    The asking price for this property is $149,000.
    What are key features of this property?
    This property features: Waterfront lot at The Preserve at Lake Mitchell on Pennymotley Creek; Deep water year‑round for fishing, boating, and water sports; Minutes from Lake Mitchell Marina and Graces Marina
    (205) 479-9272
    We can help!
    Listing Contact
    Ginger Bell
    Real Estate License ID: 134578
    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
    PRESERVE CIRCLE lot: 5, ROCKFORD, AL 35136
    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!