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    Property profile & analytics

    263 Alabama Ave Monroeville, AL 36460

    • Turn key restaurants
    • 653 SF
    • 0.18 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US03-2285552
    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

    • Truman Capote Home / Historical Landmark

    Property Details for 263 Alabama Ave

    Year built
    1950
    Lot size
    0.18 lot acres
    Property size
    653 SF
    Property type
    Turn key restaurants
    APN
    51 21 07 36 3 302 048.001
    APU
    512107363302048001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Monroeville
    County
    Monroe
    State
    Alabama
    Longitude
    -87.3239
    Latitude
    31.5234

    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
    $484
    $0.00
    $0.00
    $11,800
    -
    $23,300
    $35,680
    $58,980

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      Alg Hwy 84

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      1,370 SF

      Drewry Rd

      RESTAURANT • 1,370 SF
      Drewry Rd, Monroeville, AL 36460
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      3,265 SF

      Monroeville, AL 36460

      RESTAURANT • 3,265 SF
      Monroeville, AL 36460
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      3,188 SF

      Monroeville, AL 36460

      RESTAURANT • 3,188 SF
      Monroeville, AL 36460
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    • Value Estimation by Request
      1,250 SF

      903 Alabama Ave

      RESTAURANT • 1,250 SF
      903 Alabama Ave, Monroeville, AL 36460-2583
      View Details
    • Value Estimation by Request
      2,699 SF

      5 Claiborne St

      RESTAURANT • 2,699 SF
      5 Claiborne St, Monroeville, AL 36460-1807
      View Details

    Similar Nearby for Sale

    • $90,000

      Monroeville Commercial Building For Sale

      Commercial building with multiple rooms and basement storage in Monroeville.
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    • $992,000
      7,000 SF

      Advance Auto Parts For Sale

      Advance Auto Parts property with long operating history since 1995.
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    • $220,000

      Freestanding Retail/Office Building For Sale

      2,000 SF building on main commercial corridor in Monroeville.
      1201 S Alabama Ave, Monroeville, AL 36460
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    • $70,000
      0.40 Acres

      Monroeville Commercial Land - $70K

      0.4-acre commercial lot, prime location. All offers subject to Walgreens approval.
      1772 Alabama Ave, Monroeville, AL 36460
      View Details
    • Contact for pricing
      0.53 Acres

      Monroeville Corner Lot Opportunity

      Corner lot with residential or commercial potential in Monroeville, AL.
      918 Ivey St, Monroeville, AL 36460
      View Details
    • $320,000
      2,900 SF

      Spacious Ranch Home on 3 Acres

      Move-in ready 4-bedroom home with updated kitchen on 3 acres.
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    Similar Nearby for Lease

    • Contact for pricing
      3,200 SF

      Retail Space in Walmart Shadow

      3,200 SF retail space in high-traffic Walmart shadow center.
      3371 S Alabama Ave, Monroeville, AL 36460
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    • Contact for pricing
      1,300 SF

      Retail Space on Alabama Avenue

      Retail spaces available in a high-traffic shopping center.
      1834 S Alabama Ave, Monroeville, AL 36460
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space in Walmart Shadow

      3,200 SF retail space in high-traffic shopping center.
      3337-3363 S Alabama Ave, Monroeville, AL 36460
      View Details
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    263 Alabama Ave
    Monroeville, AL 36460
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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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