Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Prattville AL USA Grouby Airport Rd Prattville, AL 36067
    Back to Search
    Property profile & analytics

    Prattville AL USA Grouby Airport Rd, Prattville, AL 36067

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

    Current Use by Public Records

    • Land

    Property Details for Prattville AL USA Grouby Airport Rd

    Lot size
    25.39 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 25.39-acre property presents a remarkable investment opportunity in Prattville, Alabama. Strategically located on Grouby Airport Road, this land boasts convenient access to major transportation arteries, including Highway 14, Highway 82, Highway 31, and Interstate 65. Its proximity to Prattville Airport further enhances its appeal. Situated within Prattville city limits, the property benefits from readily available power and water utilities. The versatile zoning permits agricultural, commercial, and residential uses, opening doors to a wide range of development possibilities. Consider its location: under 20 minutes from Montgomery, 90 minutes from Birmingham, and three hours from Mobile and its port. The asking price is $474,580, representing a compelling value of $12,000 per acre, especially considering the higher land costs in the Montgomery MSA for similar industrial sites. Alternative parcel sizes are available: approximately 22.89 acres for $274,680 and 2.5 acres for $199,900. This property offers significant potential for diverse development projects, making it an attractive investment for discerning buyers. The Autauga County location adds to its desirability.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Prattville
    County
    Autauga
    State
    Alabama
    Longitude
    -86.5075
    Latitude
    32.4308

    Comparable in this City

    • Value Estimation by Request
      2.50 Acres

      Grouby Ap Rd

      Farms
      0 Grouby Ap Rd, Prattville, AL 36067
      View Details
    • Value Estimation by Request
      22.89 Acres

      Grouby Airport Rd

      Farms
      0 Grouby Airport Rd, Prattville, AL 36067
      View Details
    • Value Estimation by Request
      2.80 Acres

      82 & 31 Mcqueen Smith Rd & Hwy

      Land
      82 & 31 Mcqueen Smith Rd & Hwy, Prattville, AL 36067
      View Details
    • Value Estimation by Request
      3.47 Acres

      Gin Shop Hill Rd

      Land
      0 Gin Shop Hill Rd, Prattville, AL 36067
      View Details
    • Value Estimation by Request
      42.30 Acres

      31 & 82 Hwy

      Land
      31 & 82 Hwy, Prattville, AL 36067
      View Details
    • Value Estimation by Request
      4,536 SF

      1856 Hwy 31st N

      MOBILE HOME PARK, TRAILER PARK
      1856 Hwy 31st N, Prattville, AL 36067-6758
      View Details

    Similar Nearby for Sale

    • $499,900
      54.00 Acres

      54 Acres Near Prattville

      54 acres with road frontage near Prattville, Alabama.
      County Road 59, Prattville, AL 36067
      View Details
    • $90,000
      16.00 Acres

      Unrestricted Land Near Prattville, AL

      16 acres of unrestricted land, perfect for building or recreation.
      County Road 6, Prattville, AL 36067
      View Details
    • Contact for pricing

      Autauga County Land Opportunity

      Almost 18 acres in growing Autauga County.
      144 Village Creek Rd, Prattville, AL 36067
      View Details
    • $130,000
      25.00 Acres

      25 Acres Unrestricted Land Prattville

      25 acres of unrestricted land, ideal for building or investment.
      1 County Road 6, Prattville, AL 36067
      View Details
    • New
      $89,900
      10.00 Acres

      Prattville Wooded Acreage For Sale

      10 wooded acres with road frontage and utilities in Prattville.
      1515 County Road 43, Prattville, AL 36067
      View Details
    • $395,000

      Prattville Church Building For Sale

      Spacious church with ample meeting space.
      1353 Reed St, Prattville, AL 36067
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Distribution Warehouse with Laydown Yard

      Distribution warehouse with laydown yard in central Prattville location.
      371 G And S Rd, Prattville, AL 36067
      View Details
    • Contact for pricing

      Busy Shopping Center in Prattville

      Located on Main Street, high-traffic shopping center connected to Winn-Dixie.
      703-719 E Main St, Prattville, AL 36067
      View Details
    • $825 /Mo

      Retail Space in Prattville, AL

      Retail space ideal for small businesses in a family-friendly area.
      963 S Memorial Dr, Prattville, AL 36067
      View Details
    • Contact for pricing
      5,000 SF

      Prattville Industrial Space with Lift

      5,000 SF industrial space with lift for rent.
      1669 Bridge Creek Rd, Prattville, AL 36067
      View Details
    • Contact for pricing

      Retail Space in Growing Area

      Retail and restaurant spaces available in a rapidly growing market.
      1016 Highway 14 W, Prattville, AL 36067
      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.
    Prattville AL USA Grouby Airport Rd
    Prattville, AL 36067
    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
    Prattville AL USA Grouby Airport Rd, Prattville, AL, 36067
    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!