Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Smyer Lake Rd Leeds, AL 35094

    Property Lookup

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

    Smyer Lake Rd Leeds, AL 35094

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

    Current Use by Public Records

    • Land

    Property Details for 0 Smyer Lake Rd

    Lot size
    10.00 lot acres
    Property type
    Land

    Description

    This exceptional 10-acre residential lot presents a unique opportunity to build your dream home on the shores of the beautiful 65-acre Smyer Lake in Leeds, Alabama. Located in Jefferson County, zip code 35094, this property boasts breathtaking views of Smyer Lake and the distant Double Oak Mountain. The expansive lot offers ample space for a luxurious lakeside residence and provides convenient access to a variety of recreational activities, including swimming, fishing, and water skiing. Its prime location is just one mile from Shoal Creek, offering additional outdoor enjoyment and proximity to local amenities. The property is further enhanced by strong, mutually beneficial protective covenants ensuring the preservation of the area's natural beauty and property values. Priced competitively within the upper bracket, this 10-acre parcel represents an outstanding investment opportunity for discerning buyers seeking a tranquil lakeside retreat with stunning views and convenient access to local conveniences. The property's address is Smyer Lake, Leeds, AL. Latitude and longitude coordinates are 33.4509678, -86.5960785 respectively. This is a truly remarkable opportunity to own a piece of paradise.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Leeds
    County
    Jefferson
    State
    Alabama
    Longitude
    -86.5961
    Latitude
    33.451

    Comparable in this City

    • Value Estimation by Request
      10.35 Acres

      6980 Coosa Ave

      Land • 10.35 Acres
      6980 Coosa Ave, Leeds, AL 35094
      View Details
    • Value Estimation by Request
      5.34 Acres

      3265 Us-78

      Land • 5.34 Acres
      3265 Us-78, Leeds, AL 35094
      View Details
    • Value Estimation by Request
      0.24 Acres

      Leeds, AL 35094

      MOBILE HOME PARK, TRAILER PARK • 0.24 Acres
      Leeds, AL 35094
      View Details
    • Value Estimation by Request
      14 SF

      Leeds, AL 35094

      MOBILE HOME PARK, TRAILER PARK • 14 SF
      Leeds, AL 35094
      View Details
    • Value Estimation by Request
      3,348 SF

      1471 Dorrough St

      GARDEN APT, COURT APT (5+ UNITS) • 3,348 SF
      1471 Dorrough St, Leeds, AL 35094-1623
      View Details
    • Value Estimation by Request
      3,348 SF

      1555 Dorrough St

      GARDEN APT, COURT APT (5+ UNITS) • 3,348 SF
      1555 Dorrough St, Leeds, AL 35094-1624
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Warehouse with Living Space

      6,000 SF warehouse on 1.9 acres with living space.
      400 Us Highway 78, Leeds, AL 35094
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      1756 Bettye St, Leeds, AL 35094
      View Details
    • Contact for pricing

      Leeds Land For Sale

      5 acre land parcel available in Leeds, Alabama.
      7231 Parkway Dr, Leeds, AL 35094
      View Details
    • $330,000
      22.00 Acres

      22 Acres Land in LEEDS

      22 acres of land for sale in LEEDS, Alabama.
      1900 Kentucky St, Leeds, AL 35094
      View Details
    • $394,000

      Leeds Acreage Near Amenities

      12.33 acres in Leeds, close to shops and restaurants.
      57754 1 Aly, Leeds, AL 35094
      View Details
    • $394,000
      12.33 Acres

      Leeds Acreage Close to Amenities

      12.33 acres in Leeds, near shops and restaurants.
      57754 Highway 25, Leeds, AL 35094
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in Leeds Commons

      Retail space available in a highly visible, accessible location.
      7480 Parkway Dr, Leeds, AL 35094
      View Details
    • $6 SF/Yr

      Retail Center Near I-20

      Retail center with high visibility and easy access off I-20.
      7480 Parkway Dr, Leeds, AL 35094
      View Details
    • Contact for pricing

      Retail Space Near I-20

      Retail space with great visibility and easy access.
      7480 Parkway Dr, Leeds, AL 35094
      View Details
    • Contact for pricing

      Retail Space in Leeds Village

      Retail spaces available in shadow-anchored strip center near Birmingham.
      8525 Whitfield Ave, Leeds, AL 35094
      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.
    Smyer Lake Rd
    Leeds, AL 35094
    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!