169 Miller Ln Huntsville, AL 35763
This exceptional 21-acre parcel presents a remarkable development opportunity in Owens Cross Roads, Alabama. Strategically located on Miller Lane, just west of the intersection of Highway 431, Caldwell Lane, and Miller Lane, this property boasts 543 feet of road frontage. Its prime location offers easy access to major retail destinations including Walmart, Publix, and Lowe's, as well as highly-rated schools such as Hampton Cove Elementary, Hampton Cove Middle School, and Big Cove Christian Academy. A significant advantage is its proximity to Huntsville's central business district and Huntsville Hospital, both within a ten-minute drive. Currently unzoned, this land offers the flexibility of annexation into the City of Huntsville. Public sewer access is available at the northern boundary. The property is situated adjacent to a proposed apartment complex, further enhancing its development potential. This exceptional offering is priced at $1,800,000, representing a compelling investment opportunity for multi-family development. The APN is 18-06-23-0-000-025.005. This is a rare chance to acquire a large tract of land in a rapidly growing area with excellent infrastructure and amenities.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.