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    231 1.05 Hwy Laceys Spring, AL 35754

    • Land
    • 1.24 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 231 1.05 Hwy

    Lot size
    1.24 lot acres
    Property type
    Land

    Description

    This exceptional 1.24-acre commercial land parcel presents a unique investment opportunity in the thriving Laceys Spring, Alabama market. Located at 1.05 Highway 231, this property boasts unparalleled visibility due to its prime highway frontage. The asking price is $199,000. A key feature is a historic silo, adding character and potential for creative development. The land's versatility allows for a wide range of commercial uses, making it ideal for entrepreneurs and established businesses alike. Its strategic location offers easy access to several major cities in the region, including Huntsville, Arab, Guntersville, Decatur, and Somerville, ensuring convenient access to a large customer base and workforce. The property is situated in Morgan County, Alabama, with a zip code of 35754. Its geographical coordinates are 34.5231621 latitude and -86.5888761 longitude. This is a rare chance to acquire a landmark property with significant development potential in a rapidly growing area. The combination of high visibility, convenient location, and unique historical features makes this an exceptional investment opportunity. Don't miss out on the chance to own this piece of Alabama history and build your business success.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Laceys Spring
    County
    Morgan
    State
    Alabama
    Longitude
    -86.5889
    Latitude
    34.5232

    Comparable in this City

    • Value Estimation by Request
      1.61 Acres

      01 Highway 231

      Land • 1.61 Acres
      01 Highway 231, Laceys Spring, AL 35754
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    • Value Estimation by Request
      5.80 Acres

      231 Multiple Hwy

      Multifamily properties • 5.80 Acres
      231 Multiple Hwy, Laceys Spring, AL 35754
      View Details
    • Value Estimation by Request
      24.00 Acres

      1698 Highway 231

      Land • 24.00 Acres
      1698 Highway 231, Laceys Spring, AL 35754
      View Details
    • Value Estimation by Request
      2.00 Acres

      2 Acres +/- Hwy

      Land • 2.00 Acres
      2 Acres +/- Hwy, Laceys Spring, AL 35754
      View Details
    • Value Estimation by Request
      1.50 Acres

      665 Highway 231

      Land • 1.50 Acres
      665 Highway 231, Laceys Spring, AL 35754
      View Details
    • Value Estimation by Request
      71.76 Acres

      Deaton Rd

      Land • 71.76 Acres
      0 Deaton Rd, Laceys Spring, AL 35754
      View Details

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      Laceys Spring Land Opportunity

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    231 1.05 Hwy
    Laceys Spring, AL 35754
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    Realmo Value Estimation

    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.

    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.

    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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