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    3783 Al-22 Valley Grande, AL 36701

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    3783 Al-22 Valley Grande, AL 36701

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

    Current Use by Public Records

    • Land

    Property Details for 3783 Al-22

    Lot size
    73.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This expansive 73-acre property in Valley Grande, Alabama, presents a unique opportunity for diverse uses. Located at 3783 AL-22, Dallas County, zip code 36701, this land boasts the flexibility of no zoning restrictions. The property's versatility allows for a range of possibilities, including farming operations, recreational activities such as hunting, or the development of a residential property. The substantial acreage provides ample space for various agricultural pursuits, livestock, or simply enjoying the peace and quiet of rural Alabama. The absence of zoning restrictions offers significant freedom in planning and development, making this a highly attractive investment for those seeking a large parcel of land with considerable potential. The property is conveniently located in Valley Grande, offering a blend of rural tranquility and accessibility. Buyers are encouraged to conduct their own due diligence regarding permitted uses and potential development options. This 73-acre tract is priced at $511,000 and represents a compelling opportunity for a variety of uses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Valley Grande
    County
    Dallas
    State
    Alabama
    Longitude
    -87.0076
    Latitude
    32.4599

    Comparable in this City

    • Value Estimation by Request

      900 Persimmon Tree Rd

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      0.29 Acres

      2004 Dallas Ave

      Land • 0.29 Acres
      2004 Dallas Ave, Selma, AL 36701
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    • Value Estimation by Request

      Highland Ave

      Land
      0 Highland Ave, Selma, AL 36701
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    • Value Estimation by Request
      1.90 Acres

      Us Hwy 80w

      MOBILE HOME PARK, TRAILER PARK • 1.90 Acres
      Us Hwy 80w, Selma, AL 36701
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    • Value Estimation by Request
      1,220 SF

      Brown St

      BOARDING/ROOMING HOUSE • 1,220 SF
      Brown St, Selma, AL 36701
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    • Value Estimation by Request
      980 SF

      12278 Al Hwy 14th W

      MOBILE HOME PARK, TRAILER PARK • 980 SF
      12278 Al Hwy 14th W, Valley Grande, AL 36701-1614
      View Details

    Similar Nearby for Sale

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      3.00 Acres

      Selma Land Parcel For Sale

      Three acre land parcel in Dallas County, Alabama.
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      Land For Sale

      Land available for sale in Valley Grande, Alabama.
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      Land Available in Selma, Alabama

      Land for sale at 1551 Moores Ferry Road.
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      2.08 Acres

      Land in Valley Grande, AL

      2.08 acre land for sale in Valley Grande, Alabama.
      L0T Ocmulgee Dr, Valley Grande, AL 36701
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    • $35,000

      Selma Land For Sale

      Land available in Selma, Alabama.
      1115 Keith Way, Selma, AL 36701
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      Ocmulgee Drive Land For Sale

      Land available on Ocmulgee Drive, Valley Grande, AL.
      L0T Ocmulgee Dr, Valley Grande, AL 36701
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    Similar Nearby for Lease

    • $3 SF/Yr

      Selma Warehouse Space for Lease

      53,624 SF warehouse space available near Highway 80.
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      Historic Harmony Club Building

      Historic building repurposed into a boutique hotel and restaurant.
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      Retail Space in Selma, Alabama

      24,748 SF retail space with ALDI co-tenancy.
      1952 West Dallas Ave, Selma, AL 36701
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    3783 Al-22
    Valley Grande, AL 36701
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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.

    More about this property
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