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    Property profile & analytics

    940 Section Line NE Rd Hanceville, AL 35077-5348

    • Garden apartment buildings
    • 1,398 SF
    • 0.16 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US03-1284260
    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

    • Garden apartment buildings

    Property Details for 940 Section Line NE Rd

    Year built
    1996
    Construction
    WOOD
    Lot size
    0.16 lot acres
    Property size
    1,398 SF
    Property type
    Garden apartment buildings
    APN
    23-04-17-0-001-024.001
    APU
    2304170001024001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hanceville
    County
    Cullman
    State
    Alabama
    Longitude
    -86.7788
    Latitude
    34.0777
    CBSA code
    18980
    CBSA name
    CULLMAN, 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
    2023
    $506
    $0.00
    $0.00
    $17,780
    -
    $37,400
    $140,300
    $177,700

    Comparable in this City

    • Value Estimation by Request
      1,840 SF

      2960 Phelan SE Cir

      GARDEN APT, COURT APT (5+ UNITS) • 1,840 SF
      2960 Phelan SE Cir, Hanceville, AL 35077-7546
      View Details
    • Value Estimation by Request
      1,428 SF

      2965 Phelan SE Cir

      GARDEN APT, COURT APT (5+ UNITS) • 1,428 SF
      2965 Phelan SE Cir, Hanceville, AL 35077-7547
      View Details
    • Value Estimation by Request
      1,702 SF

      2901 Phelan SE Cir

      GARDEN APT, COURT APT (5+ UNITS) • 1,702 SF
      2901 Phelan SE Cir, Hanceville, AL 35077-7547
      View Details
    • Value Estimation by Request
      1,464 SF

      102 Sarah Beth St

      GARDEN APT, COURT APT (5+ UNITS) • 1,464 SF
      102 Sarah Beth St, Hanceville, AL 35077-5423
      View Details
    • Value Estimation by Request
      1,783 SF

      132 Sarah Beth St

      GARDEN APT, COURT APT (5+ UNITS) • 1,783 SF
      132 Sarah Beth St, Hanceville, AL 35077-5423
      View Details
    • Value Estimation by Request
      1,464 SF

      120 Sarah Beth St

      GARDEN APT, COURT APT (5+ UNITS) • 1,464 SF
      120 Sarah Beth St, Hanceville, AL 35077-5423
      View Details

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    Hanceville, AL 35077-5348
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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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