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    400 Roy Davis Rd New Market, AL 35761
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    Property profile & analytics

    400 Roy Davis Rd, New Market, AL 35761

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    • Commercial real estate
    • 0.45 lot acres
    Off-Market
    Property ID
    US03-0436425
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 400 Roy Davis Rd

    Lot size
    0.45 lot acres
    Property type
    Commercial real estate

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 16, 2024 $32,000 Kathryn Anne Tremont Lamb Commercial Services INC Warranty Deed $153k · Vanderbilt Mortgage & Finance INC
    Nov 15, 2024 — Harry Richard Brooks — Deed · related $275k · Credence Funding Corporation
    Oct 30, 2023 $257,000 Harry Richard Brooks Lamb Commercial Services INC Warranty Deed $263k · Umortgage LLC

    Description

    This 0.45-acre commercial lot in New Market, Alabama, presents a unique opportunity for entrepreneurs and businesses seeking a versatile space. Located at 400 Roy Davis Rd, 35761, in Madison County, this unrestricted property is not currently zoned, offering flexibility for various uses. Its ideal location near Hazel Green makes it easily accessible. The property is perfect for equipment storage, a small contractor's office, or even a mobile home placement. Existing infrastructure includes readily available electricity and a water meter, simplifying setup. Furthermore, septic tank approval is already in place, eliminating a significant hurdle in the development process. A survey of the land is also available, providing comprehensive details for planning and construction. This affordable lot, priced at $35,000, offers a compelling investment opportunity for those seeking a convenient and adaptable commercial space in a desirable location. Don't miss out on this chance to acquire a valuable piece of land with significant potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    New Market
    County
    Madison
    State
    Alabama
    Longitude
    -86.5101749
    Latitude
    34.9520195

    Comparable in this City

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      Remarkable 65-acre property with mountain views near Huntsville.
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    • $450,000
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    • $438,720
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    • $1,500,000
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      Commercial Land Near Buckhorn School

      2.88 acre commercial corner lot suitable for various businesses.
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      Land For Sale

      Land available for sale in New Market, Alabama.
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    • $189,900
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      Residential Lot in Carter Farms

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    Similar Nearby for Sale

    • $1,500,000
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      Commercial Land Near Buckhorn School

      2.88 acre commercial corner lot suitable for various businesses.
      4435 Winchester Rd, New Market, AL 35761
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    • Contact for pricing

      Land For Sale

      Land available for sale in New Market, Alabama.
      101 Ayers Spring Rd, New Market, AL 35761
      View Details
    • $189,900
      2.79 Acres

      Residential Lot in Carter Farms

      2.81 acre lot for custom home near Publix.
      479 Narrow Ln, New Market, AL 35761
      View Details
    • New
      $475,000
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      Versatile Commercial Land Parcel

      Flexible land opportunity on Winchester Road, suited for residential, commercial, or mixed-use development plans.
      7.5 Winchester Rd, New Market, AL 35761
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    • $1,300,000
      65.00 Acres

      65 Acres in New Market

      Remarkable 65-acre property with mountain views near Huntsville.
      259 Henry St Clair Rd, New Market, AL 35761
      View Details
    • $450,000
      80.00 Acres

      80 Acres Hunting Land

      80+/- acre hunting tract with established deer habitat.
      80 Acres Upper Hurricane Rd, New Market, AL 35761
      View Details
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    New Market, AL 35761
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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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