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    Property profile & analytics

    62561 Us Hwy 231 Cleveland, AL 35049

    • Office Properties & Spaces
    • 2,929 SF
    • 0.40 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US03-1259259
    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 62561 Us Hwy 231

    Year built
    1923
    Construction
    STEEL FRAME
    Lot size
    0.40 lot acres
    Property size
    2,929 SF
    Zone code
    2
    Property type
    Office Properties & Spaces
    APN
    15-04-18-0-002-088
    APU
    1504180002088

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Blount
    State
    Alabama
    Longitude
    -86.578
    Latitude
    33.9934
    CBSA code
    13820
    CBSA name
    BIRMINGHAM-HOOVER, 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
    $0.00
    $2,400
    $33,580
    $35,980
    -
    $12,000
    $167,900
    $179,900

    Comparable in this City

    • Value Estimation by Request
      2,395 SF

      37807 State Hwy 79

      OFFICE (GENERAL) • 2,395 SF
      37807 State Hwy 79, Cleveland, AL 35049-3504
      View Details
    • Value Estimation by Request
      1,104 SF

      64245 Us Hwy 231

      OFFICE (GENERAL) • 1,104 SF
      64245 Us Hwy 231, Cleveland, AL 35049
      View Details
    • Value Estimation
      $370,000
      8,417 SF

      62541 Us Hwy 231

      OFFICE (GENERAL) • 8,417 SF
      62541 Us Hwy 231, Cleveland, AL 35049-3673
      View Details
    • Value Estimation by Request
      900 SF

      Cleveland, AL 35049

      OFFICE (GENERAL) • 900 SF
      Cleveland, AL 35049
      View Details
    • Value Estimation
      $380,000
      3,861 SF

      Cleveland, AL 35049

      OFFICE (GENERAL) • 3,861 SF
      Cleveland, AL 35049
      View Details
    • Value Estimation by Request
      435 SF

      1864 5th Pts Rd

      OFFICE (GENERAL) • 435 SF
      1864 5th Pts Rd, Cleveland, AL 35049-3213
      View Details

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      0.91 acre lot in peaceful, restricted Cleveland neighborhood.
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      0.95 Acres

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      0.95 acre residential lot in peaceful, restricted neighborhood.
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    • $339,000
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      Warehouse with Apartment in Cleveland

      17,000 sqft warehouse with 2-bed apartment on 1.17 acres.
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    • $475,000
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    62561 Us Hwy 231
    Cleveland, AL 35049
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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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