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    Property profile & analytics

    1860 3rd Notch St Andalusia, AL 36421-2404

    • Medical offices
    • 3,404 SF
    • 1.54 lot acres
    OFF-MARKET
    Value Estimation
    $480,000
    Last Sale
    Jan 31, 2025
    $555,000
    Location Intelligence
    Property ID
    US03-2598625
    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

    • Thompson Warren A MD / Ophthalmologist / Doctor
    • Tillman Family Eye Care / Optometrist
    • James H. Tillman Jr, OD / Optometrist / Contact Lenses Supplier
    • Dr. Aaron Mckinley / Ophthalmologist
    • Warren Alan Thompson / Ophthalmologist

    Property Details for 1860 3rd Notch St

    Year built
    1990
    Lot size
    1.54 lot acres
    Property size
    3,404 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    23-13-02-09-3-002-003.007
    APU
    231302093002003007

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $475,000

    • CAP approach

      CAP return
      Estimation
      6%
      $540,000
      6.5%
      $490,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $505,000
      Geo Method
      $450,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $505,000
      Retail
      $455,000
      Mixed-Use
      $535,000
      Hospitality
      $520,000
      Educational
      $440,000
      Residential Income
      $475,000
      Energy
      $525,000
      Income-Based Land
      $565,000
      Food Service
      $575,000

    Location Insight

    • Map
    • Local Demand
    City
    Andalusia
    County
    Covington
    State
    Alabama
    Longitude
    -86.4629
    Latitude
    31.3269

    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
    $2,444
    $8,040
    $54,616
    $62,656
    -
    $40,200
    $273,080
    $313,280

    Comparable in this City

    • Value Estimation
      $275,000
      2,400 SF

      Andalusia, AL 36421

      MEDICAL BUILDING • 2,400 SF
      Andalusia, AL 36421
      View Details
    • Value Estimation
      $380,000
      3,102 SF

      16685 Us Hwy 84

      MEDICAL BUILDING • 3,102 SF
      16685 Us Hwy 84, Andalusia, AL 36421-8767
      View Details
    • Value Estimation
      $445,000
      288 SF

      Andalusia, AL 36421

      OFFICE BUILDING • 288 SF
      Andalusia, AL 36421
      View Details
    • Value Estimation
      $65,000
      672 SF

      1304 Riv Fls St

      OFFICE BUILDING • 672 SF
      1304 Riv Fls St, Andalusia, AL 36421-2081
      View Details
    • Value Estimation
      $300,000
      2,292 SF

      22995 Shreve Rd

      OFFICE BUILDING • 2,292 SF
      22995 Shreve Rd, Andalusia, AL 36421-8275
      View Details
    • Value Estimation by Request
      1,500 SF

      1907 3rd Notch St

      OFFICE BUILDING • 1,500 SF
      1907 3rd Notch St, Andalusia, AL 36421-2439
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Retail Space on Hwy 84

      Retail space with frontage on Hwy 84 and ample parking.
      Us Highway 84, Andalusia, AL 36421
      View Details
    • $1,482,353

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    Andalusia, AL 36421-2404
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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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