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    Property profile & analytics

    401 College NE Dr Hanceville, AL 35077-5276

    • Apartment buildings
    • 3,790 SF
    • 4.30 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US03-1089488
    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

    • The Pavilion / Apartment Complex / Apartment Building
    • Watson Family Cemetery / Cemetery

    Property Details for 401 College NE Dr

    Year built
    1995
    Construction
    WOOD
    Lot size
    4.30 lot acres
    Property size
    3,790 SF
    Property type
    Apartment buildings
    APN
    23-04-20-0-001-013.006
    APU
    2304200001013006

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hanceville
    County
    Cullman
    State
    Alabama
    Longitude
    -86.7724
    Latitude
    34.0696
    CBSA code
    18980
    CBSA name
    CULLMAN, 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
    $36,277
    $0.00
    $0.00
    $1,169,880
    -
    $236,500
    $5,612,900
    $5,849,400

    Comparable in this City

    • Value Estimation by Request
      5,516 SF

      500 College NE Dr

      APARTMENT HOUSE (5+ UNITS) • 5,516 SF
      500 College NE Dr, Hanceville, AL 35077-5208
      View Details
    • Value Estimation by Request
      3,504 SF

      County Rd 602

      APARTMENT HOUSE (5+ UNITS) • 3,504 SF
      County Rd 602, Hanceville, AL 35077
      View Details
    • Value Estimation by Request
      3,072 SF

      3603 County Rd 601

      APARTMENT HOUSE (5+ UNITS) • 3,072 SF
      3603 County Rd 601, Hanceville, AL 35077-6911
      View Details
    • Value Estimation by Request
      4,402 SF

      600 Edmondson NE Rd

      APARTMENT HOUSE (5+ UNITS) • 4,402 SF
      600 Edmondson NE Rd, Hanceville, AL 35077-5600
      View Details
    • Value Estimation by Request
      6,472 SF

      498 College NE Dr

      APARTMENT HOUSE (5+ UNITS) • 6,472 SF
      498 College NE Dr, Hanceville, AL 35077-5243
      View Details
    • Value Estimation by Request
      3,422 SF

      562 County Rd 601

      APARTMENT HOUSE (5+ UNITS) • 3,422 SF
      562 County Rd 601, Hanceville, AL 35077-7402
      View Details

    Similar Nearby for Sale

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      Hwy 31 Commercial Land - Hanceville, AL

      High-visibility, pad-ready commercial land.
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    • $360,000
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      24 Acres of Unrestricted Land

      24-acre property near I-65, ideal for building or recreation.
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    Hanceville, AL 35077-5276
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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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