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    Property profile & analytics

    149 Frst Ave Luverne, AL 36049-1503

    • Turn key restaurants
    • 2,400 SF
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US03-2259002
    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

    • Preston's Steak & Grill / Restaurant / Steak House

    Property Details for 149 Frst Ave

    Year built
    1920
    Property size
    2,400 SF
    Property type
    Turn key restaurants
    APN
    24 12 08 33 2 004 045.000
    APU
    241208332004045000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Luverne
    County
    Crenshaw
    State
    Alabama
    Longitude
    -86.2636
    Latitude
    31.7142

    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
    $1,250
    $1,500
    $27,560
    $29,060
    -
    $7,480
    $137,800
    $145,280

    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
      1,560 SF

      1105 3rd St

      RESTAURANT • 1,560 SF
      1105 3rd St, Luverne, AL 36049-4544
      View Details
    • Value Estimation
      $250,000
      4,330 SF

      1244 Frst Ave

      RESTAURANT • 4,330 SF
      1244 Frst Ave, Luverne, AL 36049-7315
      View Details

    Similar Nearby for Sale

    • $506,685
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      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.
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    • $250,000
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    • $250,000
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      Retail Building in Luverne, AL

      3,500 SF retail building with financing options available.
      1253 S Forest Ave, Luverne, AL 36049
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    • $99,900
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      Remodeled Retail/Office Space in Luverne

      Remodeled commercial building suitable for retail, salon, or office use.
      95 S Forest Ave, Luverne, AL 36049
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    • $249,900
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      Luverne Retail Building - $249,900

      Prime Retail Space, High Visibility
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    149 Frst Ave
    Luverne, AL 36049-1503
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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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