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Property profile & analytics
OFF-MARKET
Land

0 Walnut Grove Rd New Market, AL 35761

27 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 27 ac (1,176,120 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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