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    Property profile & analytics

    262 Pike Rd Falkville, AL 35622-5102

    • Retail space
    • 8,970 SF
    OFF-MARKET
    Value Estimation
    $375,000
    Last Sale
    Jan 06, 2025
    $405,000
    Location Intelligence
    Property ID
    US03-1880462
    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

    • Western Union / Money Transfer Service

    Property Details for 262 Pike Rd

    Year built
    2008
    Property size
    8,970 SF
    Property type
    Retail space
    APN
    24-01-12-0-201-002.000
    APU
    2401120201002000

    Description

    This exceptional retail opportunity presents a substantial 8,970-square-foot building situated at 262 E Pike Rd in Falkville, Alabama, zip code 35622. The single-story structure, encompassing a single unit within a single building, is ideally suited for a variety of retail uses, previously operating as a convenience store and grocery store. Its prominent location ensures high visibility and accessibility for customers. The building's substantial size offers ample space for inventory, display, and customer service areas. The asking price for this turnkey retail property is $409,500. The net rentable square footage is 8,970 square feet, providing a significant footprint for a business seeking to establish or expand its presence in the thriving Falkville market. Located in Morgan County, this property benefits from excellent road access and proximity to local amenities. This is a rare opportunity to acquire a well-positioned retail space in a desirable Alabama location. Serious inquiries are encouraged to explore the potential of this valuable asset. Further details are available upon request.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $345,000

    • CAP approach

      CAP return
      Estimation
      6%
      $450,000
      6.5%
      $385,000
      7%
      $425,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $430,000
      Geo Method
      $425,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $420,000
      Retail
      $420,000
      Mixed-Use
      $420,000
      Hospitality
      $435,000
      Educational
      $495,000
      Residential Income
      $485,000
      Energy
      $465,000
      Income-Based Land
      $450,000
      Food Service
      $525,000

    Location Insight

    • Map
    • Local Demand
    City
    Falkville
    County
    Morgan
    State
    Alabama
    Longitude
    -86.9001
    Latitude
    34.3683
    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
    $6,261
    $16,960
    $133,880
    $150,840
    -
    $84,800
    $669,400
    $754,200

    Comparable in this City

    • Value Estimation by Request
      4,275 SF

      Hwy 55

      RETAIL STORES (PERSONAL SERVICES) • 4,275 SF
      Hwy 55, Falkville, AL 35622
      View Details
    • Value Estimation by Request
      1,920 SF

      10 Bell Spgs Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,920 SF
      10 Bell Spgs Rd, Falkville, AL 35622-6402
      View Details
    • Value Estimation by Request
      1,800 SF

      Of County Rd 55

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      Of County Rd 55, Falkville, AL 35622
      View Details
    • Value Estimation by Request
      2,037 SF

      Paterson St

      RETAIL STORES (PERSONAL SERVICES) • 2,037 SF
      Paterson St, Falkville, AL 35622
      View Details
    • Value Estimation by Request
      2,400 SF

      Gum Spg To Rdg Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      Gum Spg To Rdg Rd, Falkville, AL 35622
      View Details
    • Value Estimation by Request
      3,005 SF

      Lawrence Cv Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,005 SF
      Lawrence Cv Rd, Falkville, AL 35622
      View Details

    Similar Nearby for Sale

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      59 Douglas Rd, Falkville, AL 35622
      View Details
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      Falkville Commercial Property on Highway

      Spacious commercial building on 2.24 acres near Hartselle.
      3989 Us Highway 31, Falkville, AL 35622
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    • $239,000
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      Falkville Vacant Land Near I-65

      10+/- acre level lot near I-65 and Hwy 31.
      10+/- Acres Culver Rd, Falkville, AL 35622
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    • $119,000
      6.60 Acres

      6.6 Acres Ideal Farm Homesite

      6.6-acre farm homesite near Hartselle, Danville, and Cullman.
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    • $350,000
      3,640 SF

      Falkville Commercial Building - I-65 Access

      Restaurant Ready, High Traffic Location
      59 Douglas Rd, Falkville, AL 35622
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    • $2,000,000

      Falkville Commercial Land For Sale

      6.9 acre commercial land with Interstate Business zoning.
      125 East Pike Rd, Falkville, AL 35622
      View Details
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    262 Pike Rd
    Falkville, AL 35622-5102
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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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