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    Property profile & analytics

    505 Alabama Hwy 203 Elba, AL 36323-4219

    • Office Properties & Spaces
    • 900 SF
    • 3.18 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US03-1276740
    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

    • Office Properties & Spaces

    Property Details for 505 Alabama Hwy 203

    Year built
    1965
    Lot size
    3.18 lot acres
    Property size
    900 SF
    Property type
    Office Properties & Spaces
    APN
    1103073000020001
    APU
    1103073000020001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Elba
    County
    Coffee
    State
    Alabama
    Longitude
    -86.0873
    Latitude
    31.4149
    CBSA code
    21460
    CBSA name
    ENTERPRISE-OZARK, 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
    0
    $0.00
    $0.00
    $0.00
    $15,640
    -
    $30,000
    $66,520
    $96,520

    Comparable in this City

    • Value Estimation by Request
      976 SF

      419 Davis W St

      OFFICE (GENERAL) • 976 SF
      419 Davis W St, Elba, AL 36323
      View Details
    • Value Estimation by Request
      1,928 SF

      2656 Hickman Ave

      OFFICE (GENERAL) • 1,928 SF
      2656 Hickman Ave, Elba, AL 36323-4010
      View Details
    • Value Estimation by Request
      690 SF

      238 Larkin Rd

      OFFICE (GENERAL) • 690 SF
      238 Larkin Rd, Elba, AL 36323-5102
      View Details
    • Value Estimation by Request
      3,130 SF

      503 Putman St

      OFFICE (GENERAL) • 3,130 SF
      503 Putman St, Elba, AL 36323
      View Details
    • Value Estimation by Request
      2,352 SF

      348 Simmons St

      OFFICE (GENERAL) • 2,352 SF
      348 Simmons St, Elba, AL 36323-1758
      View Details
    • Value Estimation by Request
      420 SF

      1315 Hickman Ave

      OFFICE (GENERAL) • 420 SF
      1315 Hickman Ave, Elba, AL 36323-1855
      View Details

    Similar Nearby for Sale

    • $3,250,000

      Elba Industrial Complex: Prime Location

      Two Warehouses, 207,000+ SF, Highway Access
      2251 Old Curtis Rd, Elba, AL 36323
      View Details
    • $429,000
      5.50 Acres

      Prime Commercial Land on Highway

      5.5-acre corner lot with highway frontage near major distribution facility.
      Highway 84, Elba, AL 36323
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    • $74,000
      18.37 Acres

      Undeveloped Land with Road Frontage

      18.37 acres of open and wooded land suitable for residential use.
      322 O County Rd, Elba, AL 36323
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    • $265,000
      5,800 SF

      Renovated Commercial Building in Elba, AL

      Versatile 5,800 sq ft commercial space in thriving Elba, AL.
      246 Factory Ave, Elba, AL 36323
      View Details
    • New
      $65,000
      5.00 Acres

      Residential Land in Elba, AL

      5 acres of land with limitless potential in Elba, AL.
      1554 County Road 513, Elba, AL 36323
      View Details
    • $59,000
      9.00 Acres

      9 Acres in Kinston District

      9 acres of land suitable for residential development in Elba, AL.
      Highway 87, Elba, AL 36323
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      27,500 SF

      Retail Suites For Lease

      Retail suites available for lease with developable land.
      949 Alabama Highway 203, Elba, AL 36323
      View Details
    • $8 SF/Yr
      27,500 SF

      Retail Space in Elba, Alabama

      Neighborhood shopping center with available suites and below market rents.
      987 Al-203, Elba, AL 36323
      View Details
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    505 Alabama Hwy 203
    Elba, AL 36323-4219
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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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