Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Highway 31 Prattville, AL 36022
    Back to Search
    Property profile & analytics

    Highway 31 Prattville, AL 36022

    View on Map
    • Land
    • 23.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Highway 31

    Lot size
    23.00 lot acres
    Property type
    Land

    Description

    This exceptional 23-acre property presents a unique investment opportunity in Deatsville, Alabama. Located on Highway 31 North, this land boasts excellent visibility and convenient access. The property consists of two contiguous lots, offering flexibility for development or expansion. Priced at $395,000, this translates to an attractive price per acre of $17,173. Its residential zoning makes it ideal for various projects, from single-family homes to larger-scale residential developments. The location offers a peaceful setting while remaining conveniently close to essential amenities. Situated approximately one mile from Pine Level Elementary School, this property benefits from proximity to education and community resources. The substantial acreage and highway frontage make this a highly desirable parcel for those seeking a significant land investment in a growing area of Alabama. Detailed surveys and zoning information are readily available upon request. This is a rare opportunity to acquire a substantial land holding in a desirable location with excellent potential for future growth and development. Don't miss out on this chance to secure this prime piece of Alabama real estate.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Prattville
    County
    Elmore
    State
    Alabama
    Longitude
    -86.4647
    Latitude
    32.6047

    Comparable in this City

    • Value Estimation by Request
      8,000 SF

      2211 Us-31

      Retirement homes • 8,000 SF
      2211 Us-31, Deatsville, AL 36022
      View Details
    • Value Estimation by Request
      5.43 Acres

      2028 Us Hwy 31st N

      MOBILE HOME PARK, TRAILER PARK • 5.43 Acres
      2028 Us Hwy 31st N, Deatsville, AL 36022-2719
      View Details
    • Value Estimation by Request
      55.00 Acres

      Deatsville, AL 36022

      MINING, MINERAL, QUARRIES • 55.00 Acres
      Deatsville, AL 36022
      View Details
    • Value Estimation by Request
      20.60 Acres

      Deatsville, AL 36022

      MINING, MINERAL, QUARRIES • 20.60 Acres
      Deatsville, AL 36022
      View Details
    • Value Estimation by Request
      40.00 Acres

      Deatsville, AL 36022

      MINING, MINERAL, QUARRIES • 40.00 Acres
      Deatsville, AL 36022
      View Details
    • Value Estimation by Request
      96.00 Acres

      85 Country Ln

      MINING, MINERAL, QUARRIES • 96.00 Acres
      85 Country Ln, Deatsville, AL 36022-4257
      View Details

    Similar Nearby for Sale

    • $88,000
      5.60 Acres

      5.6 Acres with Lake View

      5.6 acres with lake view and highway frontage.
      4826 N Us Highway 31, Deatsville, AL 36022
      View Details
    • $88,000

      5.6 Acres with Lake View

      5.6 acres with lake view and highway frontage.
      4826 N Us Highway 31 N 5.6 Acres, Deatsville, AL 36022
      View Details
    • $320,000

      Duplex in Quiet Residential Area

      Duplex in Elmore County, Alabama, ideal for living or investment.
      115/119 Pne Mdw Cir, Millbrook, AL 36022
      View Details
    • $36,000
      0.66 Acres

      Residential Lot in Summerfield Subdivision

      Vacant 0.66 acre lot for residential development.
      382 Sunnybrook Dr, Deatsville, AL 36022
      View Details
    • $32,500

      Commercial Lot on Tallassee Highway

      Zoned industrial lot with high traffic count near Wetumpka.
      5 Tallassee Hwy, Wetumpka, AL 36022
      View Details
    • Contact for pricing
      0.58 Acres

      Residential Land in Millbrook, AL

      Building lot near golf course and parks in Millbrook, Alabama.
      232 Nixon Rd, Millbrook, AL 36022
      View Details
    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.
    Highway 31
    Prattville, AL 36022
    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
    Highway 31, Prattville, AL, 36022
    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!