Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lee St Midland City, AL 36303
    Back to Search
    Property profile & analytics

    Lee St, Midland City, AL 36303

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

    Current Use by Public Records

    • Land

    Property Details for 0 Lee St

    Lot size
    2.41 lot acres
    Property type
    Land

    Description

    This exceptional 2.41-acre commercial land parcel presents a unique investment opportunity in Midland City, Alabama. Strategically located adjacent to Wallace Community College and offering 545 feet of frontage on Napier Field Road, this property boasts high visibility and convenient access. The asking price is $75,000. The property is zoned for commercial use, making it ideal for a variety of development projects. Its substantial size allows for ample space to construct a new building or expand existing operations. The location near Wallace Community College ensures a steady flow of potential customers and employees. The property's prominent road frontage provides excellent signage opportunities, maximizing visibility and attracting attention. Given its size, location, and accessibility, this parcel represents a significant opportunity for businesses seeking to establish or expand their presence in a thriving community. The property is ready for immediate development, offering a blank canvas for your vision. Detailed site plans and zoning information are available upon request. This is a rare opportunity to acquire a large, well-situated commercial lot in a growing area of Dale County, Alabama. Don't miss out on this exceptional investment prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Midland City
    County
    Dale
    State
    Alabama
    Longitude
    -85.461
    Latitude
    31.3139

    Comparable in this City

    • Value Estimation by Request
      1.78 Acres

      Us-431

      Land
      0 Us-431, Dothan, AL 36303
      View Details
    • Value Estimation by Request
      1.39 Acres

      209 Apple Ave

      Land
      209 Apple Ave, Dothan, AL 36303
      View Details
    • Value Estimation by Request
      31.28 Acres

      31.28 Acres Hwy 52

      Land
      0 31.28 Acres Hwy 52, Dothan, AL 36303
      View Details
    • Value Estimation by Request
      1.33 Acres

      1301 Cherokee Ave

      Land
      1301 Cherokee Ave, Dothan, AL 36303
      View Details
    • Value Estimation by Request

      3400 Block Us 431

      Land
      3400 Block Us 431, Kinsey, AL 36303
      View Details
    • Value Estimation by Request
      15.00 Acres

      500 Kelly Springs Rd

      Land
      500 Kelly Springs Rd, Dothan, AL 36303
      View Details

    Similar Nearby for Sale

    • $499,000
      1.78 Acres

      Prime Dothan Commercial Land

      1.78 Acres, High Traffic Area, US-431
      0 Us-431, Dothan, AL 36303
      View Details
    • Contact for pricing

      95.2 Acres Land Available

      95.2 acres of land for sale in Dothan, Alabama.
      Starling Rd, Dothan, AL 36303
      View Details
    • $192,076
      9.60 Acres

      Dothan Land Parcel For Sale

      Approximately 9.6 acre commercial land parcel in Dothan, Alabama.
      Napier Field Rd, Dothan, AL 36303
      View Details
    • $895,000
      3.00 Acres

      Highway 84 Dothan Commercial Land

      Prime 3-acre commercial lot, ideal for development.
      0 Us-84, Dothan, AL 36303
      View Details
    • $320,000
      16.00 Acres

      Dothan, AL Commercial Land

      16-acre commercial land available in Dothan, Alabama.
      Napier Field Rd, Dothan, AL 36303
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Dothan Retail Pad Site

      Ground lease opportunity in Dothan, Alabama shopping center.
      4401 Montgomery Hwy, Dothan, AL 36303
      View Details
    • Contact for pricing

      Prime Retail Space in Dothan

      Freestanding building in Dothan's retail hub available for sublease.
      200 Buyers Dr, Dothan, AL 36303
      View Details
    • Contact for pricing
      4,400 SF

      Retail Space on Ross Clark

      Retail property with superior visibility and high traffic counts.
      3106-3112 Ross Clark Cir, Dothan, AL 36303
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in High-Traffic Area

      Retail spaces available in Dothan's main retail hub.
      3850 W Main St, Dothan, AL 36303
      View Details
    • Contact for pricing

      Retail Space on Ross Clark

      Retail space available at a busy intersection in Dothan.
      3108 Ross Clark Cir, Dothan, AL 36303
      View Details
    • Contact for pricing

      Retail Space on Montgomery Highway

      Retail space for rent on Dothan's dominant retail artery.
      4601 Montgomery Hwy, Dothan, AL 36303
      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.
    Lee St
    Midland City, AL 36303
    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
    Lee St, Midland City, AL, 36303
    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!