0 Walnut Grove Rd New Market, AL 35761
This exceptional 27-acre parcel of land presents a unique opportunity for residential development in New Market, Alabama. Located just off Walnut Grove Road, approximately 4.5 miles east of Highway 231/431, this property enjoys a convenient location near Joe Quick Road and Walnut Grove Elementary School. The expansive acreage offers significant potential for various residential projects, allowing for substantial flexibility in design and layout. Currently, there is no zoning in place, providing developers with considerable freedom in their planning. While there is no existing sewer system, the possibility of bringing sewer lines to the property exists, adding to its development potential. The property's address is Walnut Grove Rd, New Market, AL 35761, and its precise coordinates are 34.94421554681923 latitude and -86.49583737009536 longitude. The asking price for this substantial land holding is $810,000. This represents a compelling investment opportunity for those seeking a large-scale residential development project in a desirable Alabama location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.