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    Property profile & analytics

    4087 Hwy 31st SW Falkville, AL 35622-6319

    • Assisted living facilities
    • 99,416 SF
    • 11.00 lot acres
    OFF-MARKET
    Value Estimation
    $1,080,000
    Location Intelligence
    Property ID
    US03-1205147
    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

    • Summerford Health and Rehab / Medical Laboratory / Rehabilitation Center

    Property Details for 4087 Hwy 31st SW

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    11.00 lot acres
    Property size
    99,416 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    15-07-36-0-003-015.001
    APU
    1507360003015001

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $995,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,280,000
      6.5%
      $1,280,000
      7%
      $1,275,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,555,000
      Geo Method
      $1,400,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,295,000
      Retail
      $1,340,000
      Mixed-Use
      $1,385,000
      Hospitality
      $1,705,000
      Educational
      $1,510,000
      Residential Income
      $1,245,000
      Energy
      $1,275,000
      Income-Based Land
      $1,565,000
      Food Service
      $1,590,000

    Location Insight

    • Map
    • Local Demand
    City
    Falkville
    County
    Morgan
    State
    Alabama
    Longitude
    -86.9131
    Latitude
    34.3853
    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
    $48,579
    $30,340
    $1,235,880
    $1,266,220
    -
    $151,700
    $6,179,400
    $6,331,100

    Comparable in this City

    • Value Estimation
      $225,000
      2,750 SF

      Falkville Pike Rd

      MEDICAL BUILDING • 2,750 SF
      Falkville Pike Rd, Falkville, AL 35622
      View Details
    • Value Estimation by Request
      3,200 SF

      Us Hwy 31st Old Us Highway

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,200 SF
      Us Hwy 31st Old Us Highway, Falkville, AL 35622
      View Details
    • Value Estimation by Request
      2,100 SF

      65th W 65th Ww

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,100 SF
      65th W 65th Ww, Falkville, AL 35622
      View Details
    • Value Estimation by Request
      6,146 SF

      College St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,146 SF
      College St, Falkville, AL 35622
      View Details
    • Value Estimation by Request
      1,849 SF

      4707 County Rd 1223

      STORE/OFFICE (MIXED USE) • 1,849 SF
      4707 County Rd 1223, Falkville, AL 35622-3201
      View Details
    • Value Estimation by Request
      4,275 SF

      Hwy 55

      RETAIL STORES (PERSONAL SERVICES) • 4,275 SF
      Hwy 55, Falkville, AL 35622
      View Details

    Similar Nearby for Sale

    • $239,000
      10.00 Acres

      Vacant Land Near Sports Complex

      10+/- acre vacant land parcel near I-65 and Hwy 31.
      10+/- Acres Culver Rd, Falkville, AL 35622
      View Details
    • $119,000
      6.60 Acres

      Falkville Acreage: Ideal Small Farm

      6.6 acres in Morgan County, perfect for a small farm.
      6.6 Acres Mt Nebo Rd, Falkville, AL 35622
      View Details
    • $429,900

      Falkville Retail or Restaurant Building

      3,640 SF commercial building suitable for retail or restaurant.
      59 Douglas Rd, Falkville, AL 35622
      View Details
    • $399,000
      2.24 Acres

      Falkville Commercial Property on Highway

      Spacious commercial building on 2.24 acres near Hartselle.
      3989 Us Highway 31, Falkville, AL 35622
      View Details
    • $144,000
      11.00 Acres

      Heavily Wooded Land in Falkville

      11+/- acres of wooded land, quiet and private.
      A Grant Rd, Falkville, AL 35622
      View Details
    • $235,000
      20.69 Acres

      Unrestricted Land with Pond

      20-acre unrestricted property with pond and pole barn.
      Tbd Mt Carmel Rd, Falkville, AL 35622
      View Details
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    4087 Hwy 31st SW
    Falkville, AL 35622-6319
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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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