Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    000 Freeman Rd Danville, AL 35619

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    000 Freeman Rd Danville, AL 35619

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

    Current Use by Public Records

    • Land

    Property Details for 000 Freeman Rd

    Lot size
    43.07 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This exceptional 43.07-acre property near Danville, Alabama, presents a unique opportunity for recreational enthusiasts and investors. Conveniently located near Decatur, Huntsville, and Cullman, this tract boasts an 8-10-year-old pine plantation offering excellent bedding for wildlife and future timber value. The land provides prime hunting and recreational opportunities, with a healthy population of whitetail deer and turkey in the area. Enjoy panoramic views from this easily accessible property. Paved road frontage on Freeman Road provides utility access, although current access is via Guthery Private Dr. This versatile land is perfect for a quiet getaway or a strategic investment, combining the appeal of a young pine forest with abundant wildlife and stunning scenery. The property is located in Morgan County, Alabama, with the address listed as 000 Freeman Road, Danville, AL 35619. The asking price is $124,900.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Danville
    County
    Morgan
    State
    Alabama
    Longitude
    -87.0888
    Latitude
    34.3216

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      Danville, AL 35619

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,400 SF
      Danville, AL 35619
      View Details
    • Value Estimation by Request
      8,048 SF

      Of Hwy 36

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 8,048 SF
      Of Hwy 36, Danville, AL 35619
      View Details
    • Value Estimation by Request
      96 SF

      388 Century Rd

      OFFICE BUILDING • 96 SF
      388 Century Rd, Danville, AL 35619
      View Details
    • Value Estimation by Request
      3,200 SF

      9930 County Rd 203

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,200 SF
      9930 County Rd 203, Danville, AL 35619-9201
      View Details
    • Value Estimation by Request
      2,130 SF

      3393 County Rd 209

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,130 SF
      3393 County Rd 209, Danville, AL 35619-9507
      View Details
    • Value Estimation by Request
      672 SF

      3435 Al Hwy 157

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 672 SF
      3435 Al Hwy 157, Danville, AL 35619-5011
      View Details

    Similar Nearby for Sale

    • $999,000
      77.60 Acres

      Sprawling Cattle Farm with Homes

      77.6 acre farm with main home, rental, pool.
      3467 Highway 55, Danville, AL 35619
      View Details
    • $525,000
      53.00 Acres

      Unrestricted 53-Acre Farm in Danville

      53-acre farm with pond, fenced, suitable for livestock/crops.
      53 Acres County Rd 41 W, Danville, AL 35619
      View Details
    • $999,000

      Sprawling Cattle Farm with Homes

      77.6 acre cattle farm with main and rental homes.
      3467 Highway 55, Danville, AL 35619
      View Details
    • $170,000

      5.16 Acre Mini Farm Potential

      5.16 acre property with water stream, electric, water, fencing.
      627 Neel School Rd, Danville, AL 35619
      View Details
    • $249,000
      40.70 Acres

      Expansive Land in Danville, AL

      40 +/- acres of pasture and woods near Huntsville.
      40 Acres County Rd 205, Danville, AL 35619
      View Details
    • $49,000
      3.00 Acres

      Unrestricted Land with Valley Views

      Three acres of unrestricted land with mature hardwoods and views.
      3 Acres County Rd 198, Danville, AL 35619
      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.
    000 Freeman Rd
    Danville, AL 35619
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!