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

    1244 Frst Ave Luverne, AL 36049-7315

    • Turn key restaurants
    • 4,330 SF
    OFF-MARKET
    Value Estimation
    $250,000
    Location Intelligence
    Property ID
    US03-2465927
    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

    • Los Hermanos Mexican Restaurant / Mexican Restaurant

    Property Details for 1244 Frst Ave

    Year built
    1974
    Property size
    4,330 SF
    Property type
    Turn key restaurants
    APN
    24 15 03 05 1 000 018.001
    APU
    241503051000018001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $220,000

    • CAP approach

      CAP return
      Estimation
      6%
      $245,000
      6.5%
      $285,000
      7%
      $290,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $300,000
      Geo Method
      $280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $235,000
      Retail
      $305,000
      Mixed-Use
      $280,000
      Hospitality
      $310,000
      Educational
      $300,000
      Residential Income
      $240,000
      Energy
      $305,000
      Income-Based Land
      $285,000
      Food Service
      $235,000

    Location Insight

    • Map
    • Local Demand
    City
    Luverne
    County
    Crenshaw
    State
    Alabama
    Longitude
    -86.2666
    Latitude
    31.6991

    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
    $2,958
    $18,340
    $50,440
    $68,780
    -
    $91,700
    $252,180
    $343,880

    Comparable in this City

    • Value Estimation by Request
      1,200 SF

      602 Frst Ave

      RESTAURANT • 1,200 SF
      602 Frst Ave, Luverne, AL 36049-1802
      View Details
    • Value Estimation
      $350,000
      6,400 SF

      665 Frst Ave

      RESTAURANT • 6,400 SF
      665 Frst Ave, Luverne, AL 36049-1801
      View Details
    • Value Estimation
      $220,000
      1,814 SF

      868 Frst Ave

      RESTAURANT • 1,814 SF
      868 Frst Ave, Luverne, AL 36049-7016
      View Details
    • Value Estimation
      $195,000
      1,600 SF

      424 Frst Ave

      RESTAURANT • 1,600 SF
      424 Frst Ave, Luverne, AL 36049-1900
      View Details
    • Value Estimation by Request
      2,400 SF

      149 Frst Ave

      RESTAURANT • 2,400 SF
      149 Frst Ave, Luverne, AL 36049-1503
      View Details
    • Value Estimation by Request
      1,560 SF

      1105 3rd St

      RESTAURANT • 1,560 SF
      1105 3rd St, Luverne, AL 36049-4544
      View Details

    Similar Nearby for Sale

    • $506,685
      0.36 Acres

      Multi-Tenant Retail Center For Sale

      Fully occupied retail center with diverse tenant mix.
      1390 Forest Ave, Luverne, AL 36049
      View Details
    • New
      $750,000
      5,000 SF

      Turn-Key Event Venue Opportunity

      Turn-key event venue with full-service kitchen on 8.57 acres.
      1567 Airport Rd, Luverne, AL 36049
      View Details
    • $250,000
      7,500 SF

      Luverne Commercial Building For Sale

      7500 SF commercial building with retail and office space.
      1257 S Forest Ave, Luverne, AL 36049
      View Details
    • $250,000
      3,500 SF

      Retail Building in Luverne, AL

      3,500 SF retail building with financing options available.
      1253 S Forest Ave, Luverne, AL 36049
      View Details
    • $99,900
      1,800 SF

      Remodeled Retail/Office Space in Luverne

      Remodeled commercial building suitable for retail, salon, or office use.
      95 S Forest Ave, Luverne, AL 36049
      View Details
    • $249,900
      3,520 SF

      Luverne Retail Building - $249,900

      Prime Retail Space, High Visibility
      852 Forest Ave, Luverne, AL 36049
      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.
    1244 Frst Ave
    Luverne, AL 36049-7315
    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.