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    Property profile & analytics

    Falkville Pike Rd Falkville, AL 35622

    • Medical offices
    • 2,750 SF
    OFF-MARKET
    Value Estimation
    $225,000
    Location Intelligence
    Property ID
    US03-1583151
    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

    • Medical offices

    Property Details for Falkville Pike Rd

    Year built
    1989
    Property size
    2,750 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    24-01-12-0-201-038.000
    APU
    2401120201038000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $170,000
      6.5%
      $170,000
      7%
      $185,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $210,000
      Geo Method
      $175,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $175,000
      Retail
      $165,000
      Mixed-Use
      $165,000
      Hospitality
      $175,000
      Educational
      $145,000
      Residential Income
      $160,000
      Energy
      $160,000
      Income-Based Land
      $175,000
      Food Service
      $180,000

    Location Insight

    • Map
    • Local Demand
    City
    Falkville
    County
    Morgan
    State
    Alabama
    Longitude
    -86.9062
    Latitude
    34.3686
    CBSA code
    19460
    CBSA name
    DECATUR, 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
    $1,895
    $4,240
    $40,460
    $44,700
    -
    $21,200
    $202,300
    $223,500

    Comparable in this City

    • Value Estimation
      $1,080,000
      99,416 SF

      4087 Hwy 31st SW

      HOMES (RETIRED, NURSING) • 99,416 SF
      4087 Hwy 31st SW, Falkville, AL 35622-6319
      View Details
    • Value Estimation by Request
      1,500 SF

      Pne St

      OFFICE (GENERAL) • 1,500 SF
      Pne St, Falkville, AL 35622
      View Details
    • Value Estimation
      $135,000
      1,353 SF

      4384 Hwy 31st SW

      OFFICE (GENERAL) • 1,353 SF
      4384 Hwy 31st SW, Falkville, AL 35622-5022
      View Details
    • Value Estimation by Request
      1,067 SF

      See Property Description

      OFFICE (GENERAL) • 1,067 SF
      See Property Description, Falkville, AL 35622
      View Details
    • Value Estimation
      $420,000
      1,600 SF

      595 Culver Rd

      OFFICE (GENERAL) • 1,600 SF
      595 Culver Rd, Falkville, AL 35622-5127
      View Details
    • Value Estimation by Request
      2,400 SF

      830 County Rd 1281

      OFFICE BUILDING • 2,400 SF
      830 County Rd 1281, Falkville, AL 35622
      View Details

    Similar Nearby for Sale

    • $399,000
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      Falkville Commercial Property on Highway

      Spacious commercial building on 2.24 acres near Hartselle.
      3989 Us Highway 31, Falkville, AL 35622
      View Details
    • $239,000
      10.00 Acres

      Vacant Land Near Sports Complex

      10+/- acre vacant land parcel near I-65 and Hwy 31.
      10+/- Acres Culver Rd, Falkville, AL 35622
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    • $429,900

      Falkville Retail or Restaurant Building

      3,640 SF commercial building suitable for retail or restaurant.
      59 Douglas Rd, Falkville, AL 35622
      View Details
    • $119,000
      6.60 Acres

      Falkville Acreage: Ideal Small Farm

      6.6 acres in Morgan County, perfect for a small farm.
      6.6 Acres Mt Nebo Rd, Falkville, AL 35622
      View Details
    • $144,000
      11.00 Acres

      Heavily Wooded Land in Falkville

      11+/- acres of wooded land, quiet and private.
      A Grant Rd, Falkville, AL 35622
      View Details
    • $235,000
      20.69 Acres

      Unrestricted Land with Pond

      20-acre unrestricted property with pond and pole barn.
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      View Details
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    Falkville, AL 35622
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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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