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    Estates Club Dr Pell City, AL 35128
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    Estates Club Dr Pell City, AL 35128

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    • Land
    • 37.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Estates Club Dr

    Lot size
    37.00 lot acres
    Property type
    Land

    Description

    This exceptional 37-acre commercial land parcel presents a unique residential development opportunity in the desirable Pell City, Alabama area. Located on Estates Club Drive, this fully entitled and platted property boasts 37 individual lots, each with deeded access to the stunning Logan Martin Lake. All necessary roads and infrastructure are already in place, significantly reducing development time and costs. The property's prime location offers unparalleled convenience, situated just 40 minutes from the vibrant downtown Birmingham area. This proximity to a major metropolitan center makes it an attractive location for both primary and secondary residences. New home construction in this exclusive community currently commands prices ranging from $600,000 to $750,000, indicating significant potential for substantial returns on investment. Logan Martin Lake, a 17,000-acre reservoir on the Coosa River, provides abundant recreational opportunities, including boating and fishing, further enhancing the desirability of this location. This is a rare opportunity to acquire 37 homesites sold together, not individually, ideal for a custom homebuilder seeking a turnkey project with immediate development potential and exceptional lake access. The property is ready for immediate development, offering a compelling investment prospect with high potential for profitability. The property is located in St. Clair County, Alabama, zip code 35128.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pell City
    County
    St. Clair
    State
    Alabama
    Longitude
    -86.2475
    Latitude
    33.5088

    Comparable in this City

    • Value Estimation by Request
      5.20 Acres

      Pell City, AL 35128

      MOBILE HOME PARK, TRAILER PARK • 5.20 Acres
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    • Value Estimation by Request
      4,240 SF

      1415 Cherokee Rd

      WAREHOUSE, STORAGE • 4,240 SF
      1415 Cherokee Rd, Pell City, AL 35128-4730
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    • Value Estimation by Request
      2,848 SF

      535 Wolf Crk S Rd

      WAREHOUSE, STORAGE • 2,848 SF
      535 Wolf Crk S Rd, Pell City, AL 35128
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    • Value Estimation by Request
      13,200 SF

      Pell City, AL 35128

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 13,200 SF
      Pell City, AL 35128
      View Details
    • Value Estimation
      $1,390,000
      3,092 SF

      Pell City, AL 35128

      CONVENIENCE STORE • 3,092 SF
      Pell City, AL 35128
      View Details
    • Value Estimation
      $870,000
      35,256 SF

      2311 3rd S Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 35,256 SF
      2311 3rd S Ave, Pell City, AL 35128-2017
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      Pending

      Land for Sale

      4.66 surveyed acres in a quiet community.
      4 Sweet Apple Rd, Pell City, AL 35128
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    • $190,000

      24 Acres Near Pell City

      24 acres ideal for estate, recreation, or development.
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      Buildable Lot For Sale

      Buildable lot available for sale.
      24 Woodhaven Dr, Pell City, AL 35128
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      Land Convenient to I-20

      Land available for building near I-20 in Pell City.
      225 Freedom Way, Pell City, AL 35128
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    • $75,000
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      Lake View Residential Lot

      Wooded lot with lake view and access in Pell City.
      394 Lakeview Crest Dr, Pell City, AL 35128
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    • $169,900
      8.88 Acres

      Pell City Acreage Opportunity

      8.88 acres near Logan Martin Lake and Pell City.
      3080 Easonville Rd, Pell City, AL 35128
      View Details
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    Pell City, AL 35128
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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.

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