Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    10 Us Hwy Greenville, AL 36037
    Property profile & analytics

    10 Us Hwy, Greenville, AL 36037

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

    Current Use by Public Records

    • Land

    Property Details for 10 Us Hwy

    Lot size
    360.00 lot acres
    Property type
    Land

    Description

    This exceptional 360-acre hunting and recreational property is situated along US Highway 10, conveniently located between Greenville and Pine Apple, Alabama. The land boasts a diverse landscape, including a professionally managed pine plantation (planted in 2012) offering a strong investment opportunity with projected returns in the near future. Approximately 200 acres are dedicated to this thriving pine plantation. The property also features several established food plots strategically placed to enhance wildlife attraction, and a well-maintained internal road system ensures easy access throughout the entire acreage. Black Creek traverses the property, providing a reliable water source for both wildlife and potential future development. This prime hunting location in Butler County, Alabama, is known for its abundant deer population, making it an ideal investment for both recreational enthusiasts and astute investors seeking a blend of hunting, timber, and land appreciation. The property's address is US Highway 10, Greenville, AL 36037. This remarkable tract presents a unique opportunity to own a significant piece of Alabama's natural beauty, offering exceptional hunting and investment potential. Don't miss this chance to acquire this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Greenville
    County
    Butler
    State
    Alabama
    Longitude
    -86.6252
    Latitude
    31.8296

    Comparable in this City

    • Value Estimation by Request
      8.00 Acres

      Halso Mill Rd

      Land
      0 Halso Mill Rd, Greenville, AL 36037
      View Details
    • Value Estimation by Request

      Pineapple Highway - I-65 - 20 AC Commercial Land For Sale

      Pineapple Highway - I-65 - 20 AC Commercial Land For Sale
      2035 Pineapple Hwy, Greenville, AL 36037
      View Details
    • Value Estimation by Request
      0.36 Acres

      Willow Ln

      Land
      0 Willow Ln, Greenville, AL 36037
      View Details
    • Value Estimation by Request
      102.00 Acres

      102 Grn Acres Blvd

      Land
      102 Grn Acres Blvd, Greenville, AL 36037
      View Details
    • Value Estimation by Request
      52.20 Acres

      Airport Rd

      Land
      0 Airport Rd, Greenville, AL 36037
      View Details
    • Value Estimation by Request
      0.69 Acres

      124 Aztec Rd

      Land
      124 Aztec Rd, Greenville, AL 36037
      View Details

    Similar Nearby for Sale

    • $32,200
      5.42 Acres

      Vacant Land in Greenville, AL

      Three parcels of vacant land totaling 6.13 acres for sale.
      Bell St, Greenville, AL 36037
      View Details
    • $40,000
      9.16 Acres

      9.16 Acres in Greenville, AL

      9.16 acre land parcel with road frontage near Greenville.
      2300 Vickery Rd, Greenville, AL 36037
      View Details
    • $135,000
      14.00 Acres

      Approximately 14-Acre Land Parcel

      Land in Camellia Meadows, close to downtown Greenville.
      325 Honoraville Rd, Greenville, AL 36037
      View Details
    • Contact for pricing

      Approximately 14-Acre Land Parcel

      Land parcel in Camellia Meadows, close to Greenville amenities.
      325 Honoraville Rd, Greenville, AL 36037
      View Details
    • $62,010
      6.89 Acres

      Greenville, AL Land For Sale

      6.89 acre lot in Greenville, Alabama.
      Cloverdale Rd, Greenville, AL 36037
      View Details
    • $48,600
      5.41 Acres

      Greenville, AL 5.41 Acre Lot

      5.41 acre lot for sale in Greenville, Alabama.
      Cloverdale Rd, Greenville, AL 36037
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,440 SF

      Office Space for Rent

      Office space available for rent in Greenville, Alabama.
      101 E Commerce St, Greenville, AL 36037
      View Details
    • Contact for pricing

      Retail Center Near Interstate 65

      Retail center with high visibility and accessibility near I-65.
      122 Butler St, Greenville, AL 36037
      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.
    10 Us Hwy
    Greenville, AL 36037
    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
    10 Us Hwy, Greenville, AL, 36037
    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!