Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Coosa River Pkwy Wetumpka, AL 36092
    Back to Search
    Property profile & analytics

    Coosa River Pkwy, Wetumpka, AL 36092

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

    Current Use by Public Records

    • Land

    Property Details for 0 Coosa River Pkwy

    Lot size
    15.00 lot acres
    Property type
    Land

    Description

    This exceptional 15-acre commercial land parcel presents a remarkable investment opportunity in Wetumpka, Alabama. Strategically located at the corner of Coosa River Parkway and Gossum Switch Road, this property boasts excellent accessibility and visibility. Currently undeveloped, the land is zoned B-2 (Commercial), making it ideal for a variety of uses including retail, office, commercial, or multi-family development. The asking price for the entire 15-acre parcel is $975,000. However, the seller is willing to consider dividing the land and adjusting the price accordingly, offering flexibility for potential buyers with varying needs and project scopes. This prime location offers significant advantages, including proximity to Chapel Lakes Apartments, a 152-unit complex, providing a built-in residential base for potential commercial ventures. The property's size and zoning regulations provide ample room for creative development plans, catering to a wide range of commercial enterprises. This is a rare opportunity to acquire a substantial tract of land in a rapidly growing area with high potential for significant return on investment. Detailed zoning information and development guidelines are readily available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wetumpka
    County
    Elmore
    State
    Alabama
    Longitude
    -86.3185
    Latitude
    32.5369

    Comparable in this City

    • Value Estimation by Request
      12.00 Acres

      Bridge St

      Land
      0 Bridge St, Wetumpka, AL 36092
      View Details
    • Value Estimation by Request
      100,000 SF

      5911 Us-231

      Land
      5911 Us-231, Wetumpka, AL 36092
      View Details
    • Value Estimation by Request
      15.00 Acres

      Coosa River Pkwy

      Land
      0 Coosa River Pkwy, Wetumpka, AL 36092
      View Details
    • Value Estimation by Request
      128.00 Acres

      Chapel Rd

      Land
      0 Chapel Rd, Wetumpka, AL 36092
      View Details
    • Value Estimation by Request

      5070 Central Plank Rd

      Land
      5070 Central Plank Rd, Wetumpka, AL 36092
      View Details
    • Value Estimation by Request
      1.40 Acres

      200 River Rd

      Farms
      200 River Rd, Wetumpka, AL 36092
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Wooded Land Parcel Near Wetumpka

      Gently rolling wooded land ideal for development near Wetumpka.
      2011 Central Plank Rd, Wetumpka, AL 36092
      View Details
    • $355,950
      23.73 Acres

      Land For Sale Near Wetumpka

      23.73 acres of land near Wetumpka, Alabama.
      Fortner Ln, Wetumpka, AL 36092
      View Details
    • $425,000
      40.00 Acres

      40 Acres Wooded Property

      40-acre wooded property in Elmore County, Alabama.
      W Central Rd, Wetumpka, AL 36092
      View Details
    • Contact for pricing
      1.54 Acres

      Wetumpka Land For Sale

      1.54 acre commercial land parcel in Wetumpka, Alabama.
      Cadens Crk, Wetumpka, AL 36092
      View Details
    • Contact for pricing
      1.17 Acres

      Residential Land in Wetumpka, AL

      Wooded lot in established subdivision, convenient to amenities.
      1 Jasmine Trce, Wetumpka, AL 36092
      View Details
    • Contact for pricing

      Commercial Lot in High Demand

      Large commercial lot in Wetumpka, Alabama, suitable for development.
      5911 Hwy 231 Hwy N, Wetumpka, AL 36092
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Renovated Shopping Center in Wetumpka

      Conveniently located shopping center with recent renovations and high visibility.
      5326 Us Highway 231, Wetumpka, AL 36092
      View Details
    • Contact for pricing

      Retail Space in Growing Area

      Shopping center with high visibility in Wetumpka, Alabama.
      4896 Us Highway 231, Wetumpka, AL 36092
      View Details
    • Contact for pricing

      Wetumpka Warehouse Space Available

      514,619 SF warehouse space for lease in Wetumpka, Alabama.
      3145 Elmore Rd, Wetumpka, AL 36092
      View Details
    • Contact for pricing
      1,200 SF

      Versatile Commercial Space For Lease

      1200 sq ft commercial space suitable for various businesses.
      68 Queen Ann Rd, Wetumpka, AL 36092
      View Details
    • Contact for pricing

      Retail Space Near National Tenants

      Retail space in a Publix-anchored shopping center.
      5039 Us Highway 231, Wetumpka, AL 36092
      View Details
    • Contact for pricing

      Retail Space Near Walmart

      Retail spaces available near Walmart Supercenter on US Highway 231.
      4656 Us Highway 231, Wetumpka, AL 36092
      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.
    Coosa River Pkwy
    Wetumpka, AL 36092
    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
    Coosa River Pkwy, Wetumpka, AL, 36092
    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!