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    8620 Highway 31 Calera, AL 35040

    • Commercial real estate
    • 0.30 lot acres
    For Sale
    View listing
    $199,900
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 8620 Highway 31

    Lot size
    0.30 lot acres
    Property type
    Commercial real estate

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Calera
    County
    Shelby
    State
    Alabama
    Longitude
    -86.7534
    Latitude
    33.0975

    Comparable in this City

    • Value Estimation by Request

      68 Co Rd

      Land
      68 Co Rd, Calera, AL 35040
      View Details
    • Value Estimation by Request
      1.95 Acres

      00 Hwy 31 & Bonnieville Dr

      Land • 1.95 Acres
      00 Hwy 31 & Bonnieville Dr, Calera, AL 35040
      View Details
    • Value Estimation by Request
      0.26 Acres

      Calera, AL 35040

      COMMERCIAL (GENERAL) • 0.26 Acres
      Calera, AL 35040
      View Details
    • Value Estimation by Request
      0.23 Acres

      Calera, AL 35040

      COMMERCIAL (GENERAL) • 0.23 Acres
      Calera, AL 35040
      View Details
    • Value Estimation by Request
      0.14 Acres

      8634 Highway 31

      Commercial real estate • 0.14 Acres
      8634 Highway 31, Calera, AL 35040
      View Details
    • Value Estimation by Request
      7,500 SF

      Calera Christian School Closed

      COMMERCIAL (GENERAL) • 7,500 SF
      Calera Christian School Closed, Calera, AL 35040
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

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      Freezer Cooler Warehouse For Lease

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      Manufacturing properties • 247,000 SF
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    8620 Highway 31
    Calera, AL 35040
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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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