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    Property profile & analytics

    778 Frst Ave Luverne, AL 36049-7015

    • Drive through restaurants
    • 4,022 SF
    • 1.23 lot acres
    OFF-MARKET
    Value Estimation
    $485,000
    Location Intelligence
    Property ID
    US03-2676349
    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

    • McDonald's / Fast Food Restaurant / Breakfast Restaurant

    Property Details for 778 Frst Ave

    Year built
    2012
    Lot size
    1.23 lot acres
    Property size
    4,022 SF
    Property type
    Drive through restaurants
    APN
    24 12 08 33 3 004 043.004
    APU
    241208333004043004

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Luverne
    County
    Crenshaw
    State
    Alabama
    Longitude
    -86.2649
    Latitude
    31.7049

    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
    $6,579
    $21,320
    $131,680
    $153,000
    -
    $106,620
    $658,340
    $764,960

    Comparable in this City

    • Value Estimation
      $370,000
      3,596 SF

      742 Frst Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,596 SF
      742 Frst Ave, Luverne, AL 36049-7015
      View Details
    • Value Estimation
      $445,000
      2,200 SF

      Luverne, AL 36049

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,200 SF
      Luverne, AL 36049
      View Details
    • Value Estimation
      $730,000
      3,366 SF

      869 Frst Ave

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,366 SF
      869 Frst Ave, Luverne, AL 36049-7005
      View Details
    • Value Estimation
      $195,000
      1,600 SF

      424 Frst Ave

      RESTAURANT • 1,600 SF
      424 Frst Ave, Luverne, AL 36049-1900
      View Details
    • Value Estimation by Request
      1,200 SF

      602 Frst Ave

      RESTAURANT • 1,200 SF
      602 Frst Ave, Luverne, AL 36049-1802
      View Details
    • Value Estimation
      $350,000
      6,400 SF

      665 Frst Ave

      RESTAURANT • 6,400 SF
      665 Frst Ave, Luverne, AL 36049-1801
      View Details

    Similar Nearby for Sale

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      Fully occupied retail center with diverse tenant mix.
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    • New
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      Turn-key event venue with full-service kitchen on 8.57 acres.
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    • $250,000
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      Luverne Commercial Building For Sale

      7500 SF commercial building with retail and office space.
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    • $250,000
      3,500 SF

      Retail Building in Luverne, AL

      3,500 SF retail building with financing options available.
      1253 S Forest Ave, Luverne, AL 36049
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    • $99,900
      1,800 SF

      Remodeled Retail/Office Space in Luverne

      Remodeled commercial building suitable for retail, salon, or office use.
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      Luverne Retail Building - $249,900

      Prime Retail Space, High Visibility
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    Luverne, AL 36049-7015
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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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