Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2381 County Road 369 Pisgah, AL 35765
    Back to Search
    Property profile & analytics

    2381 County Road 369, Pisgah, AL 35765

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

    Current Use by Public Records

    • Land

    Property Details for 2381 County Road 369

    Property type
    Land

    Description

    This exceptional 232,000 dollar commercial land parcel is located at 2381 County Road 369, Pisgah, Alabama, zip code 35765, in Jackson County. The property is classified as commercial land and presents a unique opportunity for developers and investors seeking a strategic location in Alabama. The site is conveniently situated, offering easy access to key transportation routes, enhancing its appeal for various commercial ventures. The land is level, simplifying development and reducing potential site preparation costs. This makes it ideal for a wide range of commercial projects, from retail spaces and light industrial facilities to office buildings or other commercial uses. The property's size and location in Pisgah, AL, provide ample space for expansion and growth. With its strategic location and level terrain, this property offers significant potential for a substantial return on investment. The asking price is $232,000. Serious inquiries are encouraged to explore this promising commercial land opportunity further. The geographic coordinates are latitude 34.7191322 and longitude -85.8627605.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Pisgah
    County
    Jackson
    State
    Alabama
    Longitude
    -85.8628
    Latitude
    34.7191

    Comparable in this City

    • Value Estimation by Request

      6112 Co Rd

      Retail properties & Spaces
      6112 Co Rd, Pisgah, AL 35765
      View Details
    • Value Estimation by Request
      420 SF

      Pisgah, AL 35765

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      Pisgah, AL 35765
      View Details
    • Value Estimation by Request
      780 SF

      Pisgah, AL 35765

      OFFICE BUILDING
      Pisgah, AL 35765
      View Details
    • Value Estimation by Request
      2,000 SF

      Al Hwy 71

      WAREHOUSE, STORAGE
      Al Hwy 71, Pisgah, AL 35765
      View Details
    • Value Estimation by Request
      728 SF

      Al Hwy 71

      RESTAURANT
      Al Hwy 71, Pisgah, AL 35765
      View Details
    • Value Estimation by Request
      79,925 SF

      County Rd 58

      WAREHOUSE, STORAGE
      County Rd 58, Pisgah, AL 35765
      View Details

    Similar Nearby for Sale

    • New
      $54,000
      4.00 Acres

      Land with Creek in Pisgah

      4-acre property with creek, utilities available, ready to build.
      4 Acres County Rd 346, Pisgah, AL 35765
      View Details
    • Contact for pricing

      Land For Sale

      Commercial land available for sale.
      2399 County Road 58, Pisgah, AL 35765
      View Details
    • $50,000
      0.17 Acres

      Residential Land in Pisgah, AL

      Land with bluff and lake views in Pisgah, Alabama.
      Laurel St, Pisgah, AL 35765
      View Details
    • $60,000
      0.16 Acres

      Residential Lot in Gorham's Bluff

      Level lot with bluff and lake views in Pisgah, AL.
      10 Gorham Dr, Pisgah, AL 35765
      View Details
    • $50,000
      0.19 Acres

      Land with Bluff and Lake Views

      Residential land in a traditional neighborhood with amenities.
      Main St, Pisgah, AL 35765
      View Details
    • $110,000
      0.18 Acres

      Residential Lot with Sunset Views

      Level lot in Gorham's Bluff with sunset views.
      Woolum St, Pisgah, AL 35765
      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.
    2381 County Road 369
    Pisgah, AL 35765
    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
    2381 County Road 369, Pisgah, AL, 35765
    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!