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    Property profile & analytics

    12338 Hwy 231st 431st N Meridianville, AL 35759-1208

    • Retail space
    • 5,940 SF
    • 0.55 lot acres
    OFF-MARKET
    Value Estimation
    $450,000
    Location Intelligence
    Property ID
    US03-1023983
    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

    • Retail space

    Property Details for 12338 Hwy 231st 431st N

    Year built
    1999
    Lot size
    0.55 lot acres
    Property size
    5,940 SF
    Property type
    Retail space
    APN
    08-04-18-0-001-007.000
    APU
    804180001007000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Meridianville
    County
    Madison
    State
    Alabama
    Longitude
    -86.5707
    Latitude
    34.8724
    CBSA code
    26620
    CBSA name
    HUNTSVILLE, AL METROPOLITAN 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
    $2,336
    $21,560
    $44,220
    $65,780
    -
    $107,800
    $221,100
    $328,900

    Comparable in this City

    • Value Estimation by Request
      2,436 SF

      11715 Mem N Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 2,436 SF
      11715 Mem N Pkwy, Meridianville, AL 35759
      View Details
    • Value Estimation by Request
      3,200 SF

      12061 Hwy 231st 431st N

      RETAIL STORES (PERSONAL SERVICES) • 3,200 SF
      12061 Hwy 231st 431st N, Meridianville, AL 35759-1201
      View Details
    • Value Estimation by Request
      1,050 SF

      135 Monroe Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,050 SF
      135 Monroe Rd, Meridianville, AL 35759-2011
      View Details
    • Value Estimation
      $390,000
      5,110 SF

      11902 Hwy 231st 431st N

      RETAIL STORES (PERSONAL SERVICES) • 5,110 SF
      11902 Hwy 231st 431st N, Meridianville, AL 35759
      View Details
    • Value Estimation by Request
      960 SF

      Hwy 662nd N

      RETAIL STORES (PERSONAL SERVICES) • 960 SF
      Hwy 662nd N, Meridianville, AL 35759
      View Details
    • Value Estimation
      $630,000
      4,063 SF

      12043 Hwy 231st 431st N

      RETAIL STORES (PERSONAL SERVICES) • 4,063 SF
      12043 Hwy 231st 431st N, Meridianville, AL 35759-1201
      View Details

    Similar Nearby for Sale

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    • $5,000,000
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      Meridianville Commercial Land - 36 Acres

      Prime Hwy 231/431 acreage, development ready.
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    Similar Nearby for Lease

    • $14 SF/Yr
      2,100 SF

      Meridianville Creative Office Space

      2,100 sq ft Single-Tenant Office
      11715 Us-231, Meridianville, AL 35759
      View Details
    • $28 SF/Yr
      8,000 SF

      Meridianville Retail Space Available

      Highway 431 Retail, Pre-Leasing Opportunity
      0 Us-431, Meridianville, AL 35759
      View Details
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    Meridianville, AL 35759-1208
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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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