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    Property profile & analytics

    1611 Sherman SE St Decatur, AL 35601-3437

    • Apartment buildings
    • 1,496 SF
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 25, 2023
    $20,000
    Location Intelligence
    Property ID
    US03-1738650
    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

    • Apartment buildings

    Property Details for 1611 Sherman SE St

    Year built
    1930
    Property size
    1,496 SF
    Property type
    Apartment buildings
    APN
    03-04-20-1-012-009.000
    APU
    304201012009000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.9663
    Latitude
    34.5992
    CBSA code
    19460
    CBSA name
    DECATUR, 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
    $400
    $1,180
    $7,640
    $8,820
    -
    $5,900
    $38,200
    $44,100

    Comparable in this City

    • Value Estimation by Request
      3,552 SF

      213 Bluebird SW Ln

      APARTMENT HOUSE (5+ UNITS) • 3,552 SF
      213 Bluebird SW Ln, Decatur, AL 35601-6447
      View Details
    • Value Estimation by Request
      3,496 SF

      518 Somerville SE Rd

      APARTMENT HOUSE (5+ UNITS) • 3,496 SF
      518 Somerville SE Rd, Decatur, AL 35601-3222
      View Details
    • Value Estimation by Request
      3,552 SF

      211 Bluebird SW Ln

      APARTMENT HOUSE (5+ UNITS) • 3,552 SF
      211 Bluebird SW Ln, Decatur, AL 35601-6454
      View Details
    • Value Estimation by Request
      3,552 SF

      209 Bluebird SW Ln

      APARTMENT HOUSE (5+ UNITS) • 3,552 SF
      209 Bluebird SW Ln, Decatur, AL 35601-6440
      View Details
    • Value Estimation by Request
      2,010 SF

      1314 Bruce SW St

      APARTMENT HOUSE (5+ UNITS) • 2,010 SF
      1314 Bruce SW St, Decatur, AL 35601-5567
      View Details
    • Value Estimation by Request
      3,472 SF

      1323 19th SE Ave

      APARTMENT HOUSE (5+ UNITS) • 3,472 SF
      1323 19th SE Ave, Decatur, AL 35601-4461
      View Details

    Similar Nearby for Sale

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      Decatur Multi-Family Investment Opportunity

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      Decatur Multifamily Property For Sale

      Multifamily property in Decatur, Alabama, with recent renovations.
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      Decatur Multi-Family Portfolio Offering

      Fourteen-unit portfolio for sale in Decatur, Alabama.
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    Similar Nearby for Lease

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      262,317 SF

      2 Moulton St

      Distribution properties • 262,317 SF
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    • Contact for pricing
      379,000 SF

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      High-traffic retail spaces in Decatur, AL.
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    • $144 SF/Yr
      5,000 SF

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    • $12 SF/Yr
      6,000 SF

      Prime Decatur Retail Space

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    • $730 /Mo

      Decatur Retail Space For Lease

      Prime retail space in Decatur, AL, with high visibility.
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    • $1,200 /Mo

      Decatur Office Space For Rent

      Office suite with road frontage, suitable for office or retail.
      1402 Central Pkwy, Decatur, AL 35601
      View Details
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    1611 Sherman SE St
    Decatur, AL 35601-3437
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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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