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    465 Co Rd Killen, AL 35645

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    465 Co Rd Killen, AL 35645

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

    Current Use by Public Records

    • Land

    Property Details for 465 Co Rd

    Lot size
    97.00 lot acres
    Property type
    Land

    Description

    This exceptional 97-acre property in Lauderdale County, Alabama, presents a unique investment opportunity. Located near the boat launch on Wilson Lake and the Turtle Point Golf Club, this gently rolling land boasts a mix of pasture and mature oak and pine trees. Multiple private building sites offer stunning views, making it ideal for residential development. The property features approximately 0.3 miles of frontage on Turtle Cove Road and roughly 0.5 miles of road frontage on Amy Road/CR 465, providing excellent accessibility. Its proximity to Florence, AL, adds to its appeal. The parcel is identified by APN numbers 17-09-30-0-003-041.000 and 17-09-30-0-003-041.001 and is priced at $25,000 per acre. The land is suitable for subdivision or large-scale residential development, offering significant potential for future growth and appreciation. The seller is open to considering offers for the entire parcel or potential division into two tracts, providing flexibility for various investment strategies. This is a rare opportunity to acquire a substantial land holding in a desirable location with excellent access and stunning natural features. The property's location near recreational amenities and a thriving community makes it an attractive proposition for both developers and individual investors seeking a prime piece of Alabama real estate. The address is Co Rd 465, Killen, AL 35645.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Killen
    County
    Lauderdale
    State
    Alabama
    Longitude
    -87.5337
    Latitude
    34.851

    Comparable in this City

    • Value Estimation by Request
      3.14 Acres

      1277 Highway 43

      Land • 3.14 Acres
      1277 Highway 43, Killen, AL 35645
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      Highway 72

      Farms
      0 Highway 72, Killen, AL 35645
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      445 Co Rd

      Multifamily properties
      445 Co Rd, Killen, AL 35645
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      800 SF

      4721 Co Rd

      Commercial real estate • 800 SF
      4721 Co Rd, Killen, AL 35645
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    • Value Estimation by Request
      0.96 Acres

      109 Wallace Cir

      COMMERCIAL (GENERAL) • 0.96 Acres
      109 Wallace Cir, Killen, AL 35645-9061
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    • Value Estimation by Request
      1,984 SF

      Lexington Rd

      STORE/OFFICE (MIXED USE) • 1,984 SF
      Lexington Rd, Killen, AL 35645
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    Similar Nearby for Sale

    • Contact for pricing

      Wooded Land Near Town

      3.23 acre wooded lot near town amenities.
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      Land in Turtle Point Village

      Land available in Turtle Point Village, Killen, Alabama.
      9196 Turtle Point Dr, Killen, AL 35645
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    • $36,500

      Turtle Cove Building Lot

      Building lot with mature hardwoods and privacy.
      645 Turtle Cove Rd, Killen, AL 35645
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      7.62 Acres

      Land in Killen, Alabama

      7.62 acres ideal for a dream home or investment.
      7.62 Acres County Rd 399, Killen, AL 35645
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    • $225,000

      Land Near Wilson Lake

      Land for sale near Wilson Lake in Killen, Alabama.
      70 Lock 6 Rd, Killen, AL 35645
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    • Contact for pricing

      0.6 Acre Land Parcel

      0.6 acre lot with potential for new construction.
      44 Faires Dr, Killen, AL 35645
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    Killen, AL 35645
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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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