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    Property profile & analytics

    2701 Hwy 31st S Decatur, AL 35603-1507

    • Office Properties & Spaces
    • 1,501 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimation
    $410,000
    Last Sale
    Jan 08, 2025
    Location Intelligence
    Property ID
    US03-1456477
    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

    • Wendy Hall: Allstate Insurance / Auto Insurance Agency / Home Insurance Agency
    • Pest Management, Inc. / Pest Control Service

    Property Details for 2701 Hwy 31st S

    Year built
    1945
    Lot size
    0.56 lot acres
    Property size
    1,501 SF
    Property type
    Office Properties & Spaces
    APN
    12-03-05-2-001-026.000
    APU
    1203052001026000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.9742
    Latitude
    34.556
    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
    $1,796
    $16,980
    $22,660
    $39,640
    -
    $84,900
    $113,300
    $198,200

    Comparable in this City

    • Value Estimation by Request
      640 SF

      3027 Hwy 31st S

      OFFICE (GENERAL) • 640 SF
      3027 Hwy 31st S, Decatur, AL 35603-1403
      View Details
    • Value Estimation by Request
      1,800 SF

      4603 Marsha Ave

      OFFICE (GENERAL) • 1,800 SF
      4603 Marsha Ave, Decatur, AL 35603-5715
      View Details
    • Value Estimation by Request
      3,250 SF

      Of Hwy 31

      OFFICE (GENERAL) • 3,250 SF
      Of Hwy 31, Decatur, AL 35603
      View Details
    • Value Estimation
      $410,000
      2,352 SF

      496 Hwy 67th S

      OFFICE (GENERAL) • 2,352 SF
      496 Hwy 67th S, Decatur, AL 35603-6300
      View Details
    • Value Estimation
      $470,000
      651 SF

      1802 Milligan SW St

      OFFICE (GENERAL) • 651 SF
      1802 Milligan SW St, Decatur, AL 35603-3000
      View Details
    • Value Estimation
      $240,000
      1,750 SF

      1853 Bethel Rd

      OFFICE (GENERAL) • 1,750 SF
      1853 Bethel Rd, Decatur, AL 35603-5420
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Residential land available for building a dream home.
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      Land For Sale Decatur, AL

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    Similar Nearby for Lease

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      35,933 SF

      Decatur Medical Office Suites

      Professionally managed medical office suites for lease near Decatur Morgan Hospital.
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      Decatur Industrial Space For Lease

      Multi-use complex with warehouse and office space available for lease.
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    • $8 SF/Yr
      296,000 SF

      Fairground Rd

      Distribution properties • 296,000 SF
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    • $6 SF/Yr
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      Decatur Industrial Warehouse - 10,000 SF

      Prime Decatur warehouse, excellent access to I-65.
      3702 Indian Hills Rd, Decatur, AL 35603
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    • $6 SF/Yr
      5,000 SF

      Decatur Industrial Space For Rent

      5,000 SF industrial space in Decatur, Alabama available for lease.
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    • $15 SF/Yr
      36,737 SF

      Retail Space in High Growth Area

      Retail property in a high-growth area with ample parking.
      2914 Mallard Pkwy, Decatur, AL 35603
      View Details
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    2701 Hwy 31st S
    Decatur, AL 35603-1507
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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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