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    Property profile & analytics

    1600 Progress Dr Albertville, AL 35950-8545

    • Office buildings
    • 78,586 SF
    • 10.30 lot acres
    OFF-MARKET
    Value Estimation
    $1,010,000
    Location Intelligence
    Property ID
    US03-2018592
    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

    • Progress Rail / Railroad Equipment Supplier / Auto Wrecker

    Property Details for 1600 Progress Dr

    Year built
    1996
    Lot size
    10.30 lot acres
    Property size
    78,586 SF
    Zone code
    10
    Property type
    Office buildings
    APN
    19-06-24-4-000-015.002
    APU
    1906244000015002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $975,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,250,000
      6.5%
      $1,140,000
      7%
      $1,170,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,295,000
      Geo Method
      $1,170,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,210,000
      Retail
      $1,390,000
      Mixed-Use
      $1,165,000
      Hospitality
      $1,030,000
      Educational
      $1,410,000
      Residential Income
      $1,215,000
      Energy
      $1,295,000
      Income-Based Land
      $1,165,000
      Food Service
      $1,410,000

    Location Insight

    • Map
    • Local Demand
    City
    Albertville
    County
    Marshall
    State
    Alabama
    Longitude
    -86.1682
    Latitude
    34.2317
    CBSA code
    10700
    CBSA name
    ALBERTVILLE, AL MICROPOLITAN 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
    $49,930
    $47,580
    $1,026,180
    $1,073,760
    -
    $237,900
    $5,130,900
    $5,368,800

    Comparable in this City

    • Value Estimation by Request
      288 SF

      724 Baltimore Ave

      OFFICE BUILDING • 288 SF
      724 Baltimore Ave, Albertville, AL 35950
      View Details
    • Value Estimation by Request
      1,564 SF

      403 Main St

      OFFICE BUILDING • 1,564 SF
      403 Main St, Albertville, AL 35950-1507
      View Details
    • Value Estimation by Request
      1,440 SF

      200 Sand Mtn SW Dr

      OFFICE BUILDING • 1,440 SF
      200 Sand Mtn SW Dr, Albertville, AL 35950-1634
      View Details
    • Value Estimation
      $235,000
      2,680 SF

      9627 Us Hwy 431

      OFFICE BUILDING • 2,680 SF
      9627 Us Hwy 431, Albertville, AL 35950-0129
      View Details
    • Value Estimation
      $360,000
      3,016 SF

      116 Alabama Ave

      OFFICE BUILDING • 3,016 SF
      116 Alabama Ave, Albertville, AL 35950-1660
      View Details
    • Value Estimation by Request
      1,680 SF

      1340 Al Hwy 205th N

      OFFICE BUILDING • 1,680 SF
      1340 Al Hwy 205th N, Albertville, AL 35950
      View Details

    Similar Nearby for Sale

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      Commercial office space in Albertville with high visibility and easy access.
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      Commercial property on Highway 431 with office and workshop space.
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      Residential Lot in Spring Lake

      Corner lot available in Spring Lake Cove, Albertville, Alabama.
      1111 Bent Brook Dr, Albertville, AL 35950
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    • $249,990
      3.50 Acres

      Land on Highway 431

      3.5 acres with 535+/- feet of frontage on Highway 431.
      431 3.5 Acres Us Hwy, Albertville, AL 35950
      View Details
    • $49,900
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      Albertville Acreage: Corner Lot

      1.52 acre corner lot suitable for home or mobile home.
      1.52 Ac Needmore Rd, Albertville, AL 35950
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    Similar Nearby for Lease

    • Contact for pricing
      250,000 SF

      Sand Mountain Marketplace Retail

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      0 Sorter Rd, Albertville, AL 35950
      View Details
    • Contact for pricing
      488,827 SF

      Albertville Commons Retail Outlots

      Prime Retail Land, High Traffic Area
      4340 Us-431, Albertville, AL 35950
      View Details
    • Contact for pricing
      3 SF

      Land Adjacent to Retail Development

      3.3-acre site ideal for retail or service businesses.
      US-431 Albertville Al 35950, Albertville, AL 35950
      View Details
    • Contact for pricing
      242,015 SF

      Albertville Retail Center Investment

      New retail development, prime location.
      0 Us-431, Albertville, AL 35950
      View Details
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    1600 Progress Dr
    Albertville, AL 35950-8545
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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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