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    Property profile & analytics

    Horton Nixon Chapel Rd Horton, AL 35980

    • Mobile home & RV parks
    • 1,500 SF
    • 6.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US03-1351017
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mobile home & RV parks

    Property Details for Horton Nixon Chapel Rd

    Year built
    1970
    Lot size
    6.00 lot acres
    Property size
    1,500 SF
    Zone code
    25
    Property type
    Mobile home & RV parks
    APN
    23-01-02-0-000-023.000
    APU
    2301020000023000

    Value Estimations

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Horton
    County
    Marshall
    State
    Alabama
    Longitude
    -86.2988
    Latitude
    34.2018
    CBSA code
    10700
    CBSA name
    ALBERTVILLE, AL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $240
    $0.00
    $0.00
    $6,400
    -
    $39,108
    $3,700
    $42,808

    Comparable in this City

    • Value Estimation by Request
      3,820 SF

      Bright Star Rd

      MOBILE HOME PARK, TRAILER PARK • 3,820 SF
      Bright Star Rd, Horton, AL 35980
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    • Value Estimation by Request
      936 SF

      6977 Nixon Chapel Rd

      MOBILE HOME PARK, TRAILER PARK • 936 SF
      6977 Nixon Chapel Rd, Horton, AL 35980-6700
      View Details
    • Value Estimation by Request
      12.00 Acres

      770 Horton Nixon Chapel Rd

      MOBILE HOME PARK, TRAILER PARK • 12.00 Acres
      770 Horton Nixon Chapel Rd, Horton, AL 35980-9215
      View Details
    • Value Estimation by Request
      4 SF

      360 Isbell Rd

      MOBILE HOME PARK, TRAILER PARK • 4 SF
      360 Isbell Rd, Horton, AL 35980-8302
      View Details
    • Value Estimation by Request
      2.30 Acres

      Chapel Rd

      MOBILE HOME PARK, TRAILER PARK • 2.30 Acres
      Chapel Rd, Horton, AL 35980
      View Details
    • Value Estimation by Request
      1,280 SF

      872 Moon Rd

      MOBILE HOME PARK, TRAILER PARK • 1,280 SF
      872 Moon Rd, Horton, AL 35980-8355
      View Details

    Similar Nearby for Sale

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    • $849,900
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      Horton, AL Acreage with Barn

      35+/- acre property with barn, cabin, and shooting ranges.
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      35.62 Acres

      Horton, AL - Versatile 35-Acre Property

      35-acre property with barn, cabin, and shooting ranges near Horton.
      1590 Horton Rd, Horton, AL 35980
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    • $230,000
      16.00 Acres

      Horton, AL - 16 Acres

      16-acre property in Horton with pasture, woods, and creek.
      16 Acres Holland Rd, Horton, AL 35980
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    • $147,500
      Pending

      Horton, AL: 18 Acre Meadow

      18 acres of open meadows, ideal for pastureland or building.
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    Horton, AL 35980
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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.

    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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