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    Property profile & analytics

    246 Lee Rd Salem, AL 36874

    • Sports & entertainment properties
    • 1,922 SF
    • 0.77 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US03-1896961
    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

    • Sports & entertainment properties

    Property Details for 246 Lee Rd

    Year built
    1978
    Construction
    CONCRETE BLOCKS
    Lot size
    0.77 lot acres
    Property size
    1,922 SF
    Property type
    Sports & entertainment properties
    APN
    15-04-18-0-000-007-001
    APU
    1504180000007001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Lee
    State
    Alabama
    Longitude
    -85.1765
    Latitude
    32.5576
    CBSA code
    12220
    CBSA name
    AUBURN-OPELIKA, 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
    $625
    $1,480
    $12,548
    $14,028
    -
    $7,400
    $62,740
    $70,140

    Comparable in this City

    • Value Estimation
      $460,000
      2,390 SF

      2910 Lee Rd 145

      RECREATIONAL, ENTERTAINMENT • 2,390 SF
      2910 Lee Rd 145, Salem, AL 36874-2305
      View Details
    • Value Estimation by Request
      2,100 SF

      424 Lee Rd

      RECREATIONAL, ENTERTAINMENT • 2,100 SF
      424 Lee Rd, Salem, AL 36874
      View Details
    • Value Estimation by Request
      3.29 Acres

      5661 Lee Rd

      Land • 3.29 Acres
      5661 Lee Rd, Salem, AL 36874
      View Details
    • Value Estimation
      $505,000
      6,970 SF

      Salem, AL 36874

      OFFICE BUILDING • 6,970 SF
      Salem, AL 36874
      View Details
    • Value Estimation
      $350,000
      7,500 SF

      13627 Us Hwy 280th E

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 7,500 SF
      13627 Us Hwy 280th E, Salem, AL 36874-1575
      View Details
    • Value Estimation by Request
      3.00 Acres

      80 Hwy Hwy

      MOBILE HOME PARK, TRAILER PARK • 3.00 Acres
      80 Hwy Hwy, Salem, AL 36874
      View Details

    Similar Nearby for Sale

    • $99,900
      5.95 Acres

      SALEM, AL Acreage For Sale

      5.95 acre land parcel in SALEM, Alabama.
      Lee Road 140, Salem, AL 36874
      View Details
    • $89,900
      5.00 Acres

      Land Near Lake Harding

      5-acre lot near Highway 280 and Lake Harding.
      Lee Road 334, Salem, AL 36874
      View Details
    • $35,000
      Pending

      Residential Land in Salem, AL

      Residential land lot available in Salem, Alabama.
      10 Lee Road 2058, Salem, AL 36874
      View Details
    • $125,000
      Pending

      Lake Harding RV Park Opportunity

      Six-lot RV park near Lake Harding with development potential.
      165 Lee Road 349, Salem, AL 36874
      View Details
    • $50,576
      3.01 Acres

      Wooded Lot Near Lake Harding

      3.01 acre wooded lot near Lake Harding.
      Lee Road 345, Salem, AL 36874
      View Details
    • $50,576
      3.45 Acres

      Land Near Lake Harding

      3.45 acre wooded lot near Lake Harding.
      Lee Road 345, Salem, AL 36874
      View Details
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    246 Lee Rd
    Salem, AL 36874
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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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