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    Property profile & analytics

    1413 Dr M L K Jr Expy Andalusia, AL 36420-3435

    • Investment properties
    • 52,786 SF
    OFF-MARKET
    Value Estimation
    $875,000
    Location Intelligence
    Property ID
    US03-2407315
    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

    • Investment properties

    Property Details for 1413 Dr M L K Jr Expy

    Year built
    1987
    Property size
    52,786 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    23-13-05-16-2-001-002.004
    APU
    231305162001002004

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $895,000

    • CAP approach

      CAP return
      Estimation
      6%
      $915,000
      6.5%
      $930,000
      7%
      $885,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $930,000
      Geo Method
      $970,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,140,000
      Retail
      $1,130,000
      Mixed-Use
      $945,000
      Hospitality
      $920,000
      Educational
      $1,125,000
      Residential Income
      $845,000
      Energy
      $1,140,000
      Income-Based Land
      $1,130,000
      Food Service
      $1,095,000

    Location Insight

    • Map
    • Local Demand
    City
    Andalusia
    County
    Covington
    State
    Alabama
    Longitude
    -86.4577
    Latitude
    31.3201

    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
    $18,762
    $81,660
    $399,416
    $481,076
    -
    $408,300
    $1,997,080
    $2,405,380

    Comparable in this City

    • Value Estimation
      $425,000
      7,767 SF

      Andalusia, AL 36420

      OFFICE/RESIDENTIAL (MIXED USE) • 7,767 SF
      Andalusia, AL 36420
      View Details
    • Value Estimation
      $270,000
      6,000 SF

      Ww Byp

      OFFICE/RESIDENTIAL (MIXED USE) • 6,000 SF
      Ww Byp, Andalusia, AL 36420
      View Details
    • Value Estimation
      $435,000
      3,949 SF

      324 Byp Bypass

      OFFICE/RESIDENTIAL (MIXED USE) • 3,949 SF
      324 Byp Bypass, Andalusia, AL 36420-2514
      View Details
    • Value Estimation
      $290,000
      6,250 SF

      811 Byp Bypass

      OFFICE/RESIDENTIAL (MIXED USE) • 6,250 SF
      811 Byp Bypass, Andalusia, AL 36420-4736
      View Details
    • Value Estimation
      $435,000
      6,000 SF

      1129 Dr M L K Jr Expy

      OFFICE/RESIDENTIAL (MIXED USE) • 6,000 SF
      1129 Dr M L K Jr Expy, Andalusia, AL 36420-2233
      View Details
    • Value Estimation
      $590,000
      11,041 SF

      1991 Dr M L K Jr Expy

      OFFICE/RESIDENTIAL (MIXED USE) • 11,041 SF
      1991 Dr M L K Jr Expy, Andalusia, AL 36420-4145
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.21 Acres

      Commercial Building in Downtown Andalusia

      Freestanding building with private parking in high-traffic area.
      107 Church St, 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
    • $250,000
      0.50 Acres

      Commercial Land Near Bypass

      Half-acre commercial lot near bypass and hospital in Andalusia, AL.
      00 South Three Notch St, Andalusia, AL 36420
      View Details
    • $399,900
      4.85 Acres

      Andalusia Commercial Land For Sale

      4.85 acres suitable for apartments, retail, or office space.
      00 Truck Rt, Andalusia, AL 36420
      View Details
    • Contact for pricing
      0.23 Acres

      Vacant Land in Andalusia, AL

      Corner lot in established neighborhood, close to city amenities.
      201 Packer Ave, Andalusia, AL 36420
      View Details
    • $795,000
      17,590 SF

      Andalusia Industrial Property For Sale

      17,590 SF industrial property available in Andalusia, Alabama.
      207 Dunson St, Andalusia, AL 36420
      View Details

    Similar Nearby for Lease

    • $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
    • 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
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    Andalusia, AL 36420-3435
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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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