Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1991 Dr M L K Jr Expy Andalusia, AL 36420-4145

    • Investment properties
    • 11,041 SF
    OFF-MARKET
    Value Estimation
    $590,000
    Location Intelligence
    Property ID
    US03-2814013
    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

    • Investment properties

    Property Details for 1991 Dr M L K Jr Expy

    Year built
    2008
    Property size
    11,041 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    23-13-05-15-2-003-001.002
    APU
    231305152003001002

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Andalusia
    County
    Covington
    State
    Alabama
    Longitude
    -86.4448
    Latitude
    31.3197

    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
    $7,143
    $77,920
    $105,244
    $183,164
    -
    $389,600
    $526,220
    $915,820

    Comparable in this City

    • Value Estimation
      $425,000
      7,767 SF

      Andalusia, AL 36420

      OFFICE/RESIDENTIAL (MIXED USE) • 7,767 SF
      Andalusia, AL 36420
      View Details
    • Value Estimation
      $270,000
      6,000 SF

      Ww Byp

      OFFICE/RESIDENTIAL (MIXED USE) • 6,000 SF
      Ww Byp, Andalusia, AL 36420
      View Details
    • Value Estimation
      $435,000
      3,949 SF

      324 Byp Bypass

      OFFICE/RESIDENTIAL (MIXED USE) • 3,949 SF
      324 Byp Bypass, Andalusia, AL 36420-2514
      View Details
    • Value Estimation
      $290,000
      6,250 SF

      811 Byp Bypass

      OFFICE/RESIDENTIAL (MIXED USE) • 6,250 SF
      811 Byp Bypass, Andalusia, AL 36420-4736
      View Details
    • Value Estimation
      $875,000
      52,786 SF

      1413 Dr M L K Jr Expy

      OFFICE/RESIDENTIAL (MIXED USE) • 52,786 SF
      1413 Dr M L K Jr Expy, Andalusia, AL 36420-3435
      View Details
    • Value Estimation
      $435,000
      6,000 SF

      1129 Dr M L K Jr Expy

      OFFICE/RESIDENTIAL (MIXED USE) • 6,000 SF
      1129 Dr M L K Jr Expy, Andalusia, AL 36420-2233
      View Details

    Similar Nearby for Sale

    • $320,000
      2.12 Acres

      Andalusia Land For Sale

      2.12 acre corner lot with high visibility and easy access.
      Us Highway 84 E, Andalusia, AL 36420
      View Details
    • $1,700,000
      7.00 Acres

      Prime Commercial Land Opportunity

      7-acre commercial land parcel ideal for development in Andalusia, AL.
      1207 WEST By-Pass, Andalusia, AL 36420
      View Details
    • Contact for pricing
      0.21 Acres

      Commercial Building in Downtown Andalusia

      Freestanding building with private parking in high-traffic area.
      107 Church St, Andalusia, AL 36420
      View Details
    • $190,000
      3.00 Acres

      Andalusia Land with High Traffic

      Undeveloped land in high-traffic area, ideal for business exposure.
      00 Mlk Expy, Andalusia, AL 36420
      View Details
    • $250,000
      0.50 Acres

      Commercial Land Near Bypass

      Half-acre commercial lot near bypass and hospital in Andalusia, AL.
      00 South Three Notch St, Andalusia, AL 36420
      View Details
    • $399,900
      4.85 Acres

      Andalusia Commercial Land For Sale

      4.85 acres suitable for apartments, retail, or office space.
      00 Truck Rt, Andalusia, AL 36420
      View Details

    Similar Nearby for Lease

    • $134 SF/Yr
      5,500 SF

      Andalusia Office Space Available

      1,250 sq ft renovated office suite
      408 River Falls St, Andalusia, AL 36420
      View Details
    • Contact for pricing
      92,000 SF

      Westgate Plaza: Andalusia Retail Space

      Prime Andalusia retail/office opportunity. High-traffic location.
      700 Westgate Plz, Andalusia, AL 36420
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1991 Dr M L K Jr Expy
    Andalusia, AL 36420-4145
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.