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    Property profile & analytics

    1130 Trillium Pkwy Eclectic, AL 36024

    • Land
    • 5,945 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1130 Trillium Pkwy

    Property size
    5,945 SF
    Property type
    Land
    Property subtype
    Hospitality properties

    Description

    This stunning 8-bedroom, 7.5-bathroom home on Lake Martin in Eclectic, Alabama, offers unparalleled luxury and waterfront living. Boasting approximately 5,945 square feet of living space across three levels, the main house features a gourmet kitchen, formal dining room, breakfast nook, and dedicated office space. The main level includes two bedrooms and 2.5 baths, while the upper level offers five additional bedrooms and four baths. A private lower-level guest suite provides additional space and privacy. Recent renovations include new hardwood flooring, modern appliances, updated light fixtures, and landscape lighting. The property is being sold fully furnished. Outside, enjoy approximately 584 feet of waterfront with a newly updated dock featuring a water spray cooling system and updated lighting. A detached garage with a winch system is perfect for boat and jet ski storage. A newly added studio apartment with a separate entrance provides additional guest accommodations or rental income potential. The home is situated in the exclusive Trillium neighborhood, known for its natural beauty and luxurious lake homes. Lake Martin offers a wealth of recreational opportunities, including proximity to shops, restaurants, live music venues, and outdoor attractions such as Cherokee Ridge Alpine Trail and Wind Creek State Park. A 2022 Harris 250 Grand Mariner pontoon boat is available for separate purchase. This exceptional property is ideal as a primary residence, vacation home, or lucrative rental investment. The asking price is $3,295,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Eclectic
    County
    Elmore
    State
    Alabama
    Longitude
    -85.9989
    Latitude
    32.7335

    Comparable in this City

    • Value Estimation by Request
      2,100 SF

      Eclectic, AL 36024

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,100 SF
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    • Value Estimation by Request
      3,900 SF

      Ctr Plank Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,900 SF
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    • Value Estimation by Request
      3,000 SF

      1st Ave

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,000 SF
      1st Ave, Eclectic, AL 36024
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    • Value Estimation by Request
      2,800 SF

      11110 Central Plank Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,800 SF
      11110 Central Plank Rd, Eclectic, AL 36024-5391
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    • Value Estimation by Request
      1,920 SF

      3180 Chana Crk Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,920 SF
      3180 Chana Crk Rd, Eclectic, AL 36024-5917
      View Details
    • Value Estimation by Request
      960 SF

      935 Collins St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 960 SF
      935 Collins St, Eclectic, AL 36024-6559
      View Details

    Similar Nearby for Sale

    • $1,500,000
      8.50 Acres

      Lake Martin Acreage with Views

      8.5 acre Lake Martin property with 270' water frontage.
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    • $179,900
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      Land with Pond in Eclectic

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    • $369,900
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    Eclectic, AL 36024
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    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
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