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    Property profile & analytics

    2986 Us Hwy 431 Boaz, AL 35957-5848

    • Medical offices
    • 8,224 SF
    • 2.23 lot acres
    OFF-MARKET
    Value Estimation
    $365,000
    Location Intelligence
    Property ID
    US03-2012084
    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

    • Medical offices

    Property Details for 2986 Us Hwy 431

    Year built
    2015
    Construction
    WOOD
    Lot size
    2.23 lot acres
    Property size
    8,224 SF
    Zone code
    12
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    18-09-30-2-000-002.000
    APU
    1809302000002000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $410,000

    • CAP approach

      CAP return
      Estimation
      6%
      $290,000
      6.5%
      $275,000
      7%
      $305,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $315,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $245,000
      Retail
      $290,000
      Mixed-Use
      $325,000
      Hospitality
      $325,000
      Educational
      $295,000
      Residential Income
      $300,000
      Energy
      $285,000
      Income-Based Land
      $245,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Boaz
    County
    Marshall
    State
    Alabama
    Longitude
    -86.1612
    Latitude
    34.2285
    CBSA code
    10700
    CBSA name
    ALBERTVILLE, AL MICROPOLITAN 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
    $14,176
    $49,200
    $229,620
    $278,820
    -
    $246,000
    $1,148,100
    $1,394,100

    Comparable in this City

    • Value Estimation by Request
      3,129 SF

      703 Butler Ave

      MEDICAL BUILDING • 3,129 SF
      703 Butler Ave, Boaz, AL 35957
      View Details
    • Value Estimation by Request
      2,250 SF

      601 Corley Ave

      MEDICAL BUILDING • 2,250 SF
      601 Corley Ave, Boaz, AL 35957-5957
      View Details
    • Value Estimation by Request
      4,050 SF

      704 Medical Ctr Pkwy

      MEDICAL BUILDING • 4,050 SF
      704 Medical Ctr Pkwy, Boaz, AL 35957-5935
      View Details
    • Value Estimation by Request
      5,114 SF

      2367 Us Hwy 431

      MEDICAL BUILDING • 5,114 SF
      2367 Us Hwy 431, Boaz, AL 35957-5910
      View Details
    • Value Estimation
      $215,000
      3,792 SF

      122 Snead St

      MEDICAL BUILDING • 3,792 SF
      122 Snead St, Boaz, AL 35957-1763
      View Details
    • Value Estimation
      $415,000
      2,680 SF

      2891 Us Hwy 431

      MEDICAL BUILDING • 2,680 SF
      2891 Us Hwy 431, Boaz, AL 35957-5854
      View Details

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    2986 Us Hwy 431
    Boaz, AL 35957-5848
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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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