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    Property profile & analytics

    400 Roy Davis Rd New Market, AL 35761

    • Commercial real estate
    • 0.45 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    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.

    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

    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 Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

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

    Comparable in this City

    • $1,300,000
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      65 Acres in New Market

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    • $1,500,000
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    • $250,000
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      Unzoned Lot in New Market

      One-acre lot suitable for residential or commercial use.
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    • New
      $180,000
      5.00 Acres

      Acreage with Stunning Valley Views

      5-acre homesite with wooded privacy and exceptional views.
      5 Acres Hurricane Rd, New Market, AL 35761
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    • $810,000
      27.00 Acres

      27 Acres Alabama Residential Land

      Spacious Alabama land, ideal for development.
      0 Walnut Grove Rd, New Market, AL 35761
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    • $1,899,000
      66.29 Acres

      New Market Acreage with Barn

      66+/- acres in New Market, suitable for development or residence.
      66 Acres Mint Rd, New Market, AL 35761
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    Similar Nearby for Sale

    • $1,300,000
      65.00 Acres

      65 Acres in New Market

      65 acres of land perfect for estate, farm, or development.
      259 Henry St Clair Rd, New Market, AL 35761
      View Details
    • $469,800
      15.66 Acres

      15 Acres Walker Lane, Alabama

      Residential Land - Development Opportunity
      2313 Walker Ln, New Market, AL 35761
      View Details
    • $229,900
      5.83 Acres

      Land with Mountain Views

      Almost 6 acres ready for your dream home!
      6942 Winchester Rd, New Market, AL 35761
      View Details
    • $1,500,000
      2.88 Acres

      Commercial Corner Lot For Sale

      2.88 acre commercial corner lot in New Market, Alabama.
      4435 Winchester Rd, New Market, AL 35761
      View Details
    • $250,000
      1.00 Acre

      Unzoned Lot in New Market

      One-acre lot suitable for residential or commercial use.
      1 Ac Winchester Rd, New Market, AL 35761
      View Details
    • New
      $180,000
      5.00 Acres

      Acreage with Stunning Valley Views

      5-acre homesite with wooded privacy and exceptional views.
      5 Acres Hurricane Rd, New Market, AL 35761
      View Details
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    400 Roy Davis Rd
    New Market, AL 35761
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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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