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    Property profile & analytics

    Hwy 231 Laceys Spring, AL 35754

    • Retail space
    • 14,000 SF
    • 2.60 lot acres
    OFF-MARKET
    Value Estimation
    $585,000
    Location Intelligence
    Property ID
    US03-2358944
    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

    • Retail space

    Property Details for Hwy 231

    Year built
    1970
    Lot size
    2.60 lot acres
    Property size
    14,000 SF
    Property type
    Retail space
    APN
    08-09-31-0-001-008.001
    APU
    809310001008001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Laceys Spring
    County
    Morgan
    State
    Alabama
    Longitude
    -86.5731
    Latitude
    34.4777
    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
    $4,584
    $4,120
    $118,460
    $122,580
    -
    $20,600
    $592,300
    $612,900

    Comparable in this City

    • Value Estimation by Request
      3,600 SF

      Of Hwy 231

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      Of Hwy 231, Laceys Spring, AL 35754
      View Details
    • Value Estimation by Request
      1,248 SF

      9383 Hwy 36th E

      RETAIL STORES (PERSONAL SERVICES) • 1,248 SF
      9383 Hwy 36th E, Laceys Spring, AL 35754-3644
      View Details
    • Value Estimation
      $430,000
      5,795 SF

      3311 Hwy 231us

      RETAIL STORES (PERSONAL SERVICES) • 5,795 SF
      3311 Hwy 231us, Laceys Spring, AL 35754-6416
      View Details
    • Value Estimation
      $560,000
      12,250 SF

      Hwy 231

      RETAIL STORES (PERSONAL SERVICES) • 12,250 SF
      Hwy 231, Laceys Spring, AL 35754
      View Details
    • Value Estimation by Request
      2,868 SF

      Hwy 231

      RETAIL STORES (PERSONAL SERVICES) • 2,868 SF
      Hwy 231, Laceys Spring, AL 35754
      View Details
    • Value Estimation by Request
      1,500 SF

      10034 Hwy 36th E

      RETAIL STORES (PERSONAL SERVICES) • 1,500 SF
      10034 Hwy 36th E, Laceys Spring, AL 35754-3652
      View Details

    Similar Nearby for Sale

    • $192,750
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      Land with Mountain Views

      Spacious land near Huntsville with serene mountain views.
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    • $150,000
      3.90 Acres

      Land with Mountain Views

      Land in Laceys Spring, AL, soon to be annexed by Huntsville.
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    • $175,000
      15.96 Acres

      Laceys Spring Land Opportunity

      Land for sale soon to be annexed into Huntsville.
      20 Mccutcheon Loop Rd, Laceys Spring, AL 35754
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    • $249,994
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      Land with Mountain Views

      6.59 acre lot with mountain views near Huntsville.
      26 Vaughn Rd, Laceys Spring, AL 35754
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    • $249,000
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      Laceys Spring Acreage For Sale

      1.61 acres of commercial land in a prime location.
      01 Highway 231, Laceys Spring, AL 35754
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    • $218,000
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      Riverfront Lots with Mountain Views

      Acreage with riverfront and mountain views for serene living.
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    Hwy 231
    Laceys Spring, AL 35754
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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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