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    Property profile & analytics

    501 Commerce St Geneva, AL 36340-2420

    • Retail space
    • 4,526 SF
    OFF-MARKET
    Value Estimation
    $355,000
    Location Intelligence
    Property ID
    US03-1281520
    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

    • James Booth / Pharmacy
    • Raymond V. Wojtyna, RPH / Pharmacy
    • Cynthia J. Trammell, RPH / Pharmacy

    Property Details for 501 Commerce St

    Year built
    1900
    Construction
    BRICK
    Property size
    4,526 SF
    Property type
    Retail space
    APN
    1809291101034000
    APU
    1809291101034000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Geneva
    County
    Geneva
    State
    Alabama
    Longitude
    -85.8636
    Latitude
    31.034
    CBSA code
    20020
    CBSA name
    DOTHAN, 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
    $2,037
    $2,280
    $43,920
    $46,200
    -
    $11,400
    $219,600
    $231,000

    Comparable in this City

    • Value Estimation by Request
      192 SF

      Purvis St

      RETAIL STORES (PERSONAL SERVICES) • 192 SF
      Purvis St, Geneva, AL 36340
      View Details
    • Value Estimation by Request
      3,092 SF

      210 Commerce St

      RETAIL STORES (PERSONAL SERVICES) • 3,092 SF
      210 Commerce St, Geneva, AL 36340-2407
      View Details
    • Value Estimation by Request
      5,024 SF

      400 Magnolia Ave

      RETAIL STORES (PERSONAL SERVICES) • 5,024 SF
      400 Magnolia Ave, Geneva, AL 36340-1951
      View Details
    • Value Estimation by Request
      8,500 SF

      1105 Maple Ave

      RETAIL STORES (PERSONAL SERVICES) • 8,500 SF
      1105 Maple Ave, Geneva, AL 36340-1639
      View Details
    • Value Estimation
      $175,000
      1,800 SF

      Merritt St

      RETAIL STORES (PERSONAL SERVICES) • 1,800 SF
      Merritt St, Geneva, AL 36340
      View Details
    • Value Estimation by Request
      6,036 SF

      101 Lincoln St

      Individual retail properties • 6,036 SF
      101 Lincoln St, Geneva, AL 36340
      View Details

    Similar Nearby for Sale

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      View Details
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      6,036 SF

      Magnolia Geneva Commercial Property

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      8000 sqft building with showroom and warehouse space.
      501 E Water Ave, Geneva, AL 36340
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    • New
      $549,000
      0.55 Acres

      Historic Multi-Use Downtown Geneva Property

      Historic 5,000+ sq ft multi-use property in downtown Geneva.
      307 Academy St, Geneva, AL 36340
      View Details
    • $249,900
      0.20 Acres

      Downtown Geneva To-Go Restaurant

      Turnkey restaurant in downtown Geneva with covered patio.
      300 Magnolia Ave, Geneva, AL 36340
      View Details
    • $360,000
      6,036 SF

      Geneva Commercial Building - Office Space

      Prime Geneva location, 6,036 sq ft office building, 1.1 acres.
      00 Magnolia Ave, Geneva, AL 36340
      View Details
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    501 Commerce St
    Geneva, AL 36340-2420
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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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