Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    117 Highland Ave Troy, AL 36081-4685

    • Apartment buildings
    • 6,567 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimation
    $4,380,000
    Last Sale
    Mar 02, 2022
    $4,300,000
    Location Intelligence
    Property ID
    US03-2085954
    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

    • Apartment buildings

    Property Details for 117 Highland Ave

    Year built
    2016
    Construction
    WOOD
    Lot size
    0.68 lot acres
    Property size
    6,567 SF
    Zone code
    S
    Property type
    Apartment buildings
    APN
    55 10 08 33 4 007 002.000
    APU
    551008334007002000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,395,000

    • CAP approach

      CAP return
      Estimation
      6%
      $4,280,000
      6.5%
      $4,585,000
      7%
      $4,460,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,640,000
      Geo Method
      $4,165,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,390,000
      Retail
      $4,340,000
      Mixed-Use
      $3,605,000
      Hospitality
      $4,250,000
      Educational
      $4,270,000
      Residential Income
      $4,210,000
      Energy
      $4,700,000
      Income-Based Land
      $4,090,000
      Food Service
      $4,080,000

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Pike
    State
    Alabama
    Longitude
    -85.949
    Latitude
    31.7975
    CBSA code
    45980
    CBSA name
    TROY, 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
    $9,568
    $0.00
    $0.00
    $258,940
    -
    $59,800
    $1,234,860
    $1,294,660

    Comparable in this City

    • Value Estimation by Request
      3,040 SF

      415 3rd Notch St

      APARTMENT HOUSE (5+ UNITS) • 3,040 SF
      415 3rd Notch St, Troy, AL 36081-2500
      View Details
    • Value Estimation by Request
      2,091 SF

      1125 3rd Notch St

      APARTMENT HOUSE (5+ UNITS) • 2,091 SF
      1125 3rd Notch St, Troy, AL 36081-2725
      View Details
    • Value Estimation by Request
      1,536 SF

      604 Madison St

      APARTMENT HOUSE (5+ UNITS) • 1,536 SF
      604 Madison St, Troy, AL 36081-4166
      View Details
    • Value Estimation by Request
      1,690 SF

      114 Charold St

      APARTMENT HOUSE (5+ UNITS) • 1,690 SF
      114 Charold St, Troy, AL 36081-3259
      View Details
    • Value Estimation by Request
      2,800 SF

      55 Ct Sq

      APARTMENT HOUSE (5+ UNITS) • 2,800 SF
      55 Ct Sq, Troy, AL 36081-2605
      View Details
    • Value Estimation by Request
      3,328 SF

      503 Elm St

      APARTMENT HOUSE (5+ UNITS) • 3,328 SF
      503 Elm St, Troy, AL 36081-3452
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      123,860 SF

      Student Housing Community Near Troy

      Purpose-built student housing community located one mile from Troy University.
      826 S 3 Notch St, Troy, AL 36081
      View Details
    • $1,500,000
      21.00 Acres

      Highway 87 Land Opportunity

      21+/- acres on Highway 87, outside city limits.
      Highway 87, Troy, AL 36081
      View Details
    • $1,790,000
      2.19 Acres

      Prime Land Near Troy University

      Land with development potential and a remodeled rental house.
      901 Park St, Troy, AL 36081
      View Details
    • $750,000
      2.80 Acres

      Troy, AL - Detached Units

      Seven single-family houses on R2 zoned land in Troy.
      204 Corman Ave, Troy, AL 36081
      View Details
    • $1,300,000
      6.00 Acres

      Prime Highway 231 Acreage

      Commercial land with frontage on Highway 231 in Troy, Alabama.
      Highway 231, Troy, AL 36081
      View Details
    • $1,000,000
      2.75 Acres

      Commercial Land on Highway 231

      2.75-acre commercial lot with high visibility and road frontage.
      192 Highway 231, Troy, AL 36081
      View Details

    Similar Nearby for Lease

    • $33 SF/Yr
      9,000 SF

      Troy University Retail Center

      Prime Retail Space, High Traffic
      701 Brundidge Blvd, Troy, AL 36081
      View Details
    • Contact for pricing

      Retail Space on US Highway

      Retail space available on a busy highway near medical center.
      1327-1333 Us-231, Troy, AL 36081
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    117 Highland Ave
    Troy, AL 36081-4685
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.