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    Property profile & analytics

    1647 Hwy 231st S Troy, AL 36081-3025

    • Grocery and convenience stores
    • 7,524 SF
    • 3.07 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US03-2333961
    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

    • Grocery and convenience stores

    Property Details for 1647 Hwy 231st S

    Year built
    2007
    Lot size
    3.07 lot acres
    Property size
    7,524 SF
    Zone code
    S
    Property type
    Grocery and convenience stores
    APN
    55 17 02 10 2 002 001.000
    APU
    551702102002001000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Troy
    County
    Pike
    State
    Alabama
    Longitude
    -85.9378
    Latitude
    31.7772
    CBSA code
    45980
    CBSA name
    TROY, 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
    $11,219
    $0.00
    $0.00
    $303,620
    -
    $548,000
    $970,080
    $1,518,080

    Comparable in this City

    • Value Estimation by Request
      5,418 SF

      1130 Hwy 231st S

      CONVENIENCE STORE • 5,418 SF
      1130 Hwy 231st S, Troy, AL 36081-3002
      View Details
    • Value Estimation by Request
      2,400 SF

      805 3rd Notch St

      CONVENIENCE STORE • 2,400 SF
      805 3rd Notch St, Troy, AL 36081-2706
      View Details
    • Value Estimation by Request
      784 SF

      13448 County Rd 7th 7

      CONVENIENCE STORE • 784 SF
      13448 County Rd 7th 7, Troy, AL 36081-7164
      View Details
    • Value Estimation by Request
      2,604 SF

      613 3rd Notch St

      CONVENIENCE STORE • 2,604 SF
      613 3rd Notch St, Troy, AL 36081-2122
      View Details
    • Value Estimation by Request
      1,350 SF

      1418 Hwy 231st S

      CONVENIENCE STORE • 1,350 SF
      1418 Hwy 231st S, Troy, AL 36081-2504
      View Details
    • Value Estimation by Request
      1,598 SF

      231 Knox Ct

      CONVENIENCE STORE • 1,598 SF
      231 Knox Ct, Troy, AL 36081
      View Details

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      Troy Commercial Building For Sale

      7,200 sq ft commercial building in the heart of Troy.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space on US Highway

      Retail space available on a busy highway near medical center.
      1327-1333 Us-231, Troy, AL 36081
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    • $33 SF/Yr
      9,000 SF

      Troy University Retail Center

      Prime Retail Space, High Traffic
      701 Brundidge Blvd, Troy, AL 36081
      View Details
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    1647 Hwy 231st S
    Troy, AL 36081-3025
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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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