Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Residential Lot in Elberta, AL Title is generated by Realmo AI

    Strasbourg Lane lot 1-A, Elberta, AL 36530

    View on Map
    Claim this Listing
    For Sale
    $165,000

    LAND - Elberta, AL

    Lot size:
    2.37 Acres
    Added:
    Apr 4, 2025
    Days on Market:
    422
    Last Refresh:
    May 30 at 7:06 am

    Property Features for Strasbourg Lane lot 1-A

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    05-63-03-06-0-000-006.008
    Lot size
    2.37 Acres

    Taxes and HOA fees

    Tax Description
    294.91' x 319.67' IRR LOT 1-A CDS FAMILY SUB SLIDE 2370-C SEC 6-T8S- R6E (DEED)

    We can help!

    Listing Contact
    Kenneth Crabtree
    Kenneth Crabtree

    Listing agent Kenneth Crabtree License #80702

    Listing office Signature Properties 8158 AL-59, Ste 102, Orange Beach, AL

    Listing date Apr 4, 2025

    MLS# 376944 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

    • Estate‑sized 2.37 acre lot in a small, exclusive 12‑lot subdivision
    • Convenient access to Soldiers Creek and Perdido Beach boat launch
    • Owner Financing Available
    • High elevation with public utilities available
    • Located on a cul‑de‑sac
    • Zoned Rural Agricultural, ideal for building a custom home

    Overview

    This 2.37-acre residential lot is located in Elberta, Alabama. Situated within a subdivision of only 12 lots, all positioned on a cul-de-sac, the property offers a setting for residential construction. The lot features high elevation and access to public utilities. Zoned Rural Agricultural, the property is not suitable for mobile homes. Covenants and a subdivision plat are available under documents. The property is conveniently located near Soldiers Creek and the Perdido Beach boat launch. Owner financing is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Elberta
    County
    Baldwin
    State
    Alabama
    Longitude
    -87.5106348
    Latitude
    30.3716876

    Nearby Similar for Sale

    • $140,000

      Waterfront RV Lot in Elberta

      Luxury RV resort lot with lake views and resort amenities.
      12118 Gateway Drive, Elberta, AL 36530
      View Details
    • $429,000
      2,800 SF

      Elberta Duplex with Recent Upgrades

      Duplex in Elberta, AL with long-term occupancy history.
      23888 US Highway 98, Elberta, AL 36530
      View Details
    • $820,000

      Elberta Land on US Highway

      19.173-acre parcel with 648 frontage feet on US Highway 98.
      290?? US Highway 98, Elberta, AL 36530
      View Details
    • $229,000

      Luxury RV Lot in Elberta, AL

      RV-ready lot with lake views and premium outdoor kitchen.
      12377 Gateway Drive, Elberta, AL 36530
      View Details
    • $1,669,000
      1,800 SF

      Elberta Land Parcel For Sale

      6.2 acre parcel in Elberta, Alabama with development potential.
      17050 County Road 87, Elberta, AL 36530-3020
      View Details
    • $159,000

      Lakefront RV Lot in Elberta

      Lakefront RV lot with full hookups and community amenities.
      12434 Gateway Drive, Elberta, AL 36567-0000
      View Details
    • $149,000

      RV Lot in Lake Osprey

      Oversized lot with utilities in sought-after resort community.
      11809 Gateway Drive, Elberta, AL 36530
      View Details
    • $650,000

      Elberta Land with Highway Frontage

      16.8+ acre property with frontage on Hwy 98.
      29640 US Highway 98, Elberta, AL 36530
      View Details
    • $99,900

      RV Lot in Lake Osprey

      RV lot with amenities in Lake Osprey RV Country Club.
      11863 Gateway Drive, Elberta, AL 36530
      View Details
    • $225,000

      Land with Existing Utilities, Elberta

      One-acre commercial land with utilities and potential owner financing.
      11271 John Bloch Road, Elberta, AL 36530
      View Details
    • $299,000

      Elberta Land: 7.8 Wooded Acres

      7.8 acres in Elberta, AL, ideal for building.
      0 US Highway 98, Elberta, AL 36580
      View Details
    • $134,900

      Waterfront RV Lot with Amenities

      RV lot in gated community with creek access and amenities.
      24711 County Road 20, Elberta, AL 36530
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.37 acre residential lot ready for your dream home.
    Where is this residential land & home lot located?
    The property is located at Strasbourg Lane lot 1-A Elberta, AL.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: Estate‑sized 2.37 acre lot in a small, exclusive 12‑lot subdivision; Convenient access to Soldiers Creek and Perdido Beach boat launch; Owner Financing Available
    (251) 228-1880
    We can help!
    Listing Contact
    Kenneth Crabtree
    Kenneth Crabtree
    Real Estate License ID: 80702
    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
    Strasbourg Lane lot: 1-A, Elberta, AL 36530
    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!