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    Property profile & analytics

    4998 Main Dr New Hope, AL 35760-8600

    • Retail space
    • 3,840 SF
    • 0.30 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Aug 09, 2023
    Location Intelligence
    Property ID
    US03-0759882
    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

    • Julia's Hair Care / Beauty Salon
    • J & J PRECISION, LLC / Machine Shop

    Property Details for 4998 Main Dr

    Year built
    1987
    Construction
    MIXED
    Lot size
    0.30 lot acres
    Property size
    3,840 SF
    Property type
    Retail space
    APN
    29-02-03-0-001-095.000
    APU
    2902030001095000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Hope
    County
    Madison
    State
    Alabama
    Longitude
    -86.4125
    Latitude
    34.5422
    CBSA code
    26620
    CBSA name
    HUNTSVILLE, 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
    $1,404
    $1,380
    $33,280
    $34,660
    -
    $6,900
    $166,400
    $173,300

    Comparable in this City

    • Value Estimation
      $265,000
      2,363 SF

      4239 Old Hwy 431

      RETAIL STORES (PERSONAL SERVICES) • 2,363 SF
      4239 Old Hwy 431, New Hope, AL 35760
      View Details
    • Value Estimation
      $440,000
      11,360 SF

      9802 Hwy 431st S

      RETAIL STORES (PERSONAL SERVICES) • 11,360 SF
      9802 Hwy 431st S, New Hope, AL 35760-9398
      View Details
    • Value Estimation
      $275,000
      3,240 SF

      995 New Hope Cedar Pt Rd

      RETAIL STORES (PERSONAL SERVICES) • 3,240 SF
      995 New Hope Cedar Pt Rd, New Hope, AL 35760-9474
      View Details
    • Value Estimation by Request
      2,400 SF

      5427 Main Dr

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      5427 Main Dr, New Hope, AL 35760-9758
      View Details
    • Value Estimation by Request
      2,128 SF

      10155 Hwy 431st S

      RETAIL STORES (PERSONAL SERVICES) • 2,128 SF
      10155 Hwy 431st S, New Hope, AL 35760-9390
      View Details
    • Value Estimation by Request
      3,690 SF

      183 College Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,690 SF
      183 College Ave, New Hope, AL 35760-9617
      View Details

    Similar Nearby for Sale

    • $335,000
      1.97 Acres

      Retail Property on 1.9 Acres

      Established business opportunity near Marshall County line in New Hope.
      Highway 431 S, New Hope, AL 35760
      View Details
    • $429,000
      7.00 Acres

      Prime 7+ Acre Highway 431 Tract

      New Hope, AL commercial land opportunity.
      10051 Us-431, New Hope, AL 35760
      View Details
    • $189,900

      Prime Commercial Land in New Hope

      Commercial land for development in a sought-after location.
      5388 Main Dr, New Hope, AL 35760
      View Details
    • $689,000
      12 SF

      Modern Farmhouse on 12 Acres

      Stunning modern farmhouse on 12 acres, 30 minutes from Huntsville.
      714 Maples Ln, New Hope, AL 35760
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    • $70,000

      Residential Land in New Hope

      Land for residential construction in a desirable New Hope location.
      156 Stratman Dr, New Hope, AL 35760
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    • $189,900
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      Downtown New Hope Commercial Land

      Prime 0.46-acre lot, high visibility.
      5388 Main Dr, New Hope, AL 35760
      View Details
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    4998 Main Dr
    New Hope, AL 35760-8600
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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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