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    1600 Hobbs St Athens, AL 35611-2333

    • Assisted living facilities
    • 59,765 SF
    • 4.00 lot acres
    OFF-MARKET
    Value Estimation
    $10,585,000
    Last Sale
    Dec 30, 2021
    $12,000,000
    Location Intelligence
    Property ID
    US03-2833653
    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

    • Word of Faith Missionary Baptist Church / Church
    • Senior Rehab & Recovery Center at Limestone Health Facility / Nursing Home / Assisted Living Facility
    • Limestone Health Facility / Rehabilitation Center
    • Matthew Hanserd / Internist

    Property Details for 1600 Hobbs St

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.00 lot acres
    Property size
    59,765 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    1003064007033000
    APU
    1003064007033000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $9,905,000

    • CAP approach

      CAP return
      Estimation
      6%
      $12,435,000
      6.5%
      $11,320,000
      7%
      $10,935,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $11,285,000
      Geo Method
      $10,815,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $12,620,000
      Retail
      $10,510,000
      Mixed-Use
      $11,555,000
      Hospitality
      $9,540,000
      Educational
      $12,530,000
      Residential Income
      $11,355,000
      Energy
      $10,760,000
      Income-Based Land
      $10,245,000
      Food Service
      $12,940,000

    Location Insight

    • Map
    • Local Demand
    City
    Athens
    County
    Limestone
    State
    Alabama
    Longitude
    -86.9915
    Latitude
    34.806
    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
    $36,587
    $0.00
    $0.00
    $1,175,980
    -
    $99,200
    $5,780,700
    $5,879,900

    Comparable in this City

    • Value Estimation by Request
      10,660 SF

      611 Market St

      HOMES (RETIRED, NURSING) • 10,660 SF
      611 Market St, Athens, AL 35611-2460
      View Details
    • Value Estimation by Request
      7,518 SF

      Hobbs St

      HOMES (RETIRED, NURSING) • 7,518 SF
      Hobbs St, Athens, AL 35611
      View Details
    • Value Estimation by Request
      16,731 SF

      Hwy 31

      HOMES (RETIRED, NURSING) • 16,731 SF
      Hwy 31, Athens, AL 35611
      View Details
    • Value Estimation by Request
      9,428 SF

      Washington St

      HOMES (RETIRED, NURSING) • 9,428 SF
      Washington St, Athens, AL 35611
      View Details
    • Value Estimation by Request
      5.14 Acres

      Athens, AL 35611

      MEDICAL BUILDING • 5.14 Acres
      Athens, AL 35611
      View Details
    • Value Estimation by Request
      0.01 Acres

      Market St

      MEDICAL BUILDING • 0.01 Acres
      Market St, Athens, AL 35611
      View Details

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    Similar Nearby for Lease

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      Grocery-anchored retail center; four spaces available.
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      Regional shopping center with suites available for lease.
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      Prime Limestone County warehouse space. Ideal for industrial users.
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      Prime Retail Space, Athens, AL
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      30,384 SF

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      Retail space in a busy, shadow-anchored strip center.
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      View Details
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    1600 Hobbs St
    Athens, AL 35611-2333
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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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