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    000 County Road 39 Mount Hope, AL 35651
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    000 County Road 39, Mount Hope, AL 35651

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    • Land
    • 9.00 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 000 County Road 39

    Lot size
    9.00 lot acres
    Property type
    Land
    Property subtype
    Farms

    Description

    This 9-acre Lawrence County, Alabama property offers a unique blend of agricultural potential and recreational opportunities. Eight acres are dedicated to fertile row crop land, ideal for farming or livestock. The property also boasts a thriving wildlife habitat, abundant with deer, turkeys, and other small game, enhanced by a pond. Conveniently located near Mount Hope, it provides easy access to utilities including power, water, fiber optic, and natural gas. Commuting distances to Decatur, the Shoals area, Huntsville/Madison, Cullman, and Birmingham are also readily accessible, making this a versatile property suitable for farming, hunting, or a peaceful countryside retreat. The asking price is $99,900. Located on County Road 39, this property presents a rare combination of agricultural productivity, natural beauty, and modern conveniences. The land's potential extends beyond farming, offering a haven for outdoor enthusiasts seeking hunting and recreational activities within a vibrant ecosystem. Its strategic location offers a balance between rural tranquility and proximity to larger urban centers. This exceptional property is ready for its next chapter, whether as a productive farm, a hunting paradise, or a tranquil escape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Hope
    County
    Lawrence
    State
    Alabama
    Longitude
    -87.4912
    Latitude
    34.4742

    Comparable in this City

    • Value Estimation by Request
      95.60 Acres

      000 County Road 39

      Agricultural land / Farmland
      000 County Road 39, Mount Hope, AL 35651
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    • Value Estimation by Request
      10.00 Acres

      000 Co Rd

      Agricultural land / Farmland
      000 Co Rd, Mount Hope, AL 35651
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    • Value Estimation by Request
      3,200 SF

      Mount

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      Mount, Hope, AL 35651
      View Details
    • Value Estimation by Request
      5,410 SF

      398 County Rd 23

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      398 County Rd 23, Mount Hope, AL 35651-9764
      View Details
    • Value Estimation by Request
      9,020 SF

      Mount

      STORE/OFFICE (MIXED USE)
      Mount, Hope, AL 35651
      View Details
    • Value Estimation by Request
      1,170 SF

      Mount

      STORE/OFFICE (MIXED USE)
      Mount, Hope, AL 35651
      View Details

    Similar Nearby for Sale

    • $359,900
      98.00 Acres

      Mount Hope Land For Sale

      98 acre property with ponds, suitable for farming or recreation.
      98 Acres County Rd 23, Mount Hope, AL 35651
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    • $199,900
      4.80 Acres

      Commercial Lot on Highway 24

      Commercial land with highway frontage and existing pad.
      0048 Alabama Hwy 24, Mount Hope, AL 35651
      View Details
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    Mount Hope, AL 35651
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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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