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    Property profile & analytics

    1203 Dr M L K Jr Expy Andalusia, AL 36420-3431

    • Turn key restaurants
    • 2,670 SF
    OFF-MARKET
    Value Estimation
    $360,000
    Location Intelligence
    Property ID
    US03-2411914
    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

    • Turn key restaurants

    Property Details for 1203 Dr M L K Jr Expy

    Year built
    1974
    Property size
    2,670 SF
    Property type
    Turn key restaurants
    APN
    23-13-05-16-2-001-006.000
    APU
    231305162001006000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Andalusia
    County
    Covington
    State
    Alabama
    Longitude
    -86.4602
    Latitude
    31.3191

    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
    $3,209
    $28,300
    $53,988
    $82,288
    -
    $141,500
    $269,940
    $411,440

    Comparable in this City

    • Value Estimation
      $410,000
      2,700 SF

      305 Byp Bypass

      RESTAURANT • 2,700 SF
      305 Byp Bypass, Andalusia, AL 36420-2513
      View Details
    • Value Estimation
      $465,000
      5,211 SF

      1110 Dr M L K Jr Expy

      RESTAURANT • 5,211 SF
      1110 Dr M L K Jr Expy, Andalusia, AL 36420-2237
      View Details
    • Value Estimation
      $665,000
      8,624 SF

      Andalusia, AL 36420

      RESTAURANT • 8,624 SF
      Andalusia, AL 36420
      View Details
    • Value Estimation
      $430,000
      3,674 SF

      Al Hwy 55th S

      RESTAURANT • 3,674 SF
      Al Hwy 55th S, Andalusia, AL 36420
      View Details
    • Value Estimation
      $425,000
      2,000 SF

      605 Dr M L K Jr Expy

      RESTAURANT • 2,000 SF
      605 Dr M L K Jr Expy, Andalusia, AL 36420-2236
      View Details
    • Value Estimation by Request
      1,765 SF

      401 Riv Fls St

      RESTAURANT • 1,765 SF
      401 Riv Fls St, Andalusia, AL 36420-2639
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.21 Acres

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      Freestanding building with private parking in high-traffic area.
      107 Church St, Andalusia, AL 36420
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      Andalusia Land For Sale

      2.12 acre corner lot with high visibility and easy access.
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    • $1,700,000
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      Prime Commercial Land Opportunity

      7-acre commercial land parcel ideal for development in Andalusia, AL.
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    • $1,250,000
      13,265 SF

      Andalusia Commercial Land Investment

      Prime Andalusia commercial land, multiple offices.
      106-116 Hillcrest Dr, Andalusia, AL 36420
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    • $298,000
      0.73 Acres

      Commercial Land Ready to Build

      Shovel-ready commercial land with infrastructure in place on Western Bypass.
      00 Western Byp, Andalusia, AL 36420
      View Details
    • $190,000
      3.00 Acres

      Andalusia Land with High Traffic

      Undeveloped land in high-traffic area, ideal for business exposure.
      00 Mlk Expy, Andalusia, AL 36420
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      92,000 SF

      Westgate Plaza: Andalusia Retail Space

      Prime Andalusia retail/office opportunity. High-traffic location.
      700 Westgate Plz, Andalusia, AL 36420
      View Details
    • $134 SF/Yr
      5,500 SF

      Andalusia Office Space Available

      1,250 sq ft renovated office suite
      408 River Falls St, Andalusia, AL 36420
      View Details
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    Andalusia, AL 36420-3431
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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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