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    Property profile & analytics

    589 Us Hwy 231 Wetumpka, AL 36093-1249

    • Grocery and convenience stores
    • 900 SF
    • 0.70 lot acres
    OFF-MARKET
    Value Estimation
    $245,000
    Location Intelligence
    Property ID
    US03-1213865
    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

    • Grocery and convenience stores

    Property Details for 589 Us Hwy 231

    Year built
    1991
    Construction
    WOOD
    Lot size
    0.70 lot acres
    Property size
    900 SF
    Property type
    Grocery and convenience stores
    APN
    24-04-18-0-001-009.001
    APU
    2404180001009001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wetumpka
    County
    Elmore
    State
    Alabama
    Longitude
    -86.1959
    Latitude
    32.4608
    CBSA code
    33860
    CBSA name
    MONTGOMERY, 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
    $2,860
    $213,440
    $246,500
    $459,940
    -
    $213,440
    $246,500
    $459,940

    Comparable in this City

    • Value Estimation
      $250,000
      1,800 SF

      527 Us Hwy 231

      CONVENIENCE STORE • 1,800 SF
      527 Us Hwy 231, Wetumpka, AL 36093-1249
      View Details
    • Value Estimation
      $1,320,000
      2,100 SF

      602 Us Hwy 231

      CONVENIENCE STORE • 2,100 SF
      602 Us Hwy 231, Wetumpka, AL 36093-1231
      View Details
    • Value Estimation
      $450,000
      1,881 SF

      3730 Us Hwy 231

      CONVENIENCE STORE • 1,881 SF
      3730 Us Hwy 231, Wetumpka, AL 36093-1247
      View Details
    • Value Estimation
      $1,910,000
      2,242 SF

      779 Us Hwy 231

      CONVENIENCE STORE • 2,242 SF
      779 Us Hwy 231, Wetumpka, AL 36093-1275
      View Details
    • Value Estimation
      $565,000
      3,420 SF

      910 Us Hwy 231

      CONVENIENCE STORE • 3,420 SF
      910 Us Hwy 231, Wetumpka, AL 36093-1242
      View Details
    • Value Estimation
      $455,000
      9,301 SF

      60 Redland Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,301 SF
      60 Redland Rd, Wetumpka, AL 36093-1783
      View Details

    Similar Nearby for Sale

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      Elmore, AL Land Parcel

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    Wetumpka, AL 36093-1249
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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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