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    Unrestricted Land in Wilmer, Alabama Title is generated by Realmo AI

    State Highway 158, Wilmer, AL 36587

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    Claim this Listing
    For Sale
    $275,000

    LAND - Wilmer, AL

    Lot size:
    25.29 Acres
    Added:
    Apr 27, 2026
    Days on Market:
    41
    Last Refresh:
    Jun 6 at 11:06 pm

    Property Features for State Highway 158

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Single Family Residence
    Standard status
    Active
    APN
    2403080000004071
    Lot size
    25.29 Acres

    Taxes and HOA fees

    Tax Description
    COMG AT TH NW COR OF SEC 8 T3S R3W TH ALG TH N/L OF SD SEC RUN N 89 DEG 41 MIN 26 SEC E 1996.26 FT TO A PT TH CONT ALG TH N/L OF SD SEC RUN N 89 DEG 45 MIN 49 SEC E 664.71 FT TO A PT TH RUN S 00 DEG 28 MIN 06 SEC W 152.17 FT TO TH POB OF TH PPTY HERE IN DESC TH RUN S 89 DEG 45 MIN 48 SEC W 1110.11 F

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    Listing Contact
    Tracey Grimes

    Listing agent Tracey Grimes License #122284

    Listing office Roberts Brothers West 6721 Grelot Road, Mobile, AL

    Listing date Apr 27, 2026

    MLS# 395746 Listing URL

    Copyright © 2026 Baldwin 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

    • 25.29 acres of unrestricted land offering development, investment, or private estate potential.
    • Subdividable land with two parcels available separately or together.
    • Road frontage on Hwy 158.
    • Collins Creek runs through the property, enhancing its natural appeal.
    • No restrictions on land use.
    • Two parcels available: 9.44 acres on Hwy 158 for $150,000 and 15.85 acres for $135,000 (subject to easement).

    Overview

    This 25.29-acre property in Wilmer, Alabama, offers flexibility and potential with no restrictions. The land consists of two parcels with road frontage on Hwy 158, extending south to the railroad tracks. Collins Creek runs through the property, adding natural beauty. The land can be subdivided, making it suitable for development, investment, or a private estate. The property is available as a whole or split into two parcels: 9.44 acres on Hwy 158, and 15.85 acres. Access to the property is from Hwy 158 only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Land

    Map

    City
    Wilmer
    County
    Mobile
    State
    Alabama
    Longitude
    -88.3406
    Latitude
    30.8219

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    FAQs

    What type of property is this?
    Land - 25.29 acres of unrestricted land with development potential.
    Where is this land located?
    The property is located at State Highway 158 Wilmer, 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: 25.29 acres of unrestricted land offering development, investment, or private estate potential.; Subdividable land with two parcels available separately or together.; Road frontage on Hwy 158.
    (251) 454-2052
    We can help!
    Listing Contact
    Tracey Grimes
    Real Estate License ID: 122284
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    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
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