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    Property profile & analytics

    Hwy 31 Falkville, AL 35622

    • Warehouses
    • 1,891 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    $50,000
    Last Sale
    Dec 30, 2022
    $60,000
    Location Intelligence
    Property ID
    US03-1740681
    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

    • Warehouses

    Property Details for Hwy 31

    Year built
    1997
    Lot size
    1.00 lot acres
    Property size
    1,891 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    24-07-25-0-000-047.000
    APU
    2407250000047000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Falkville
    County
    Morgan
    State
    Alabama
    Longitude
    -86.9001
    Latitude
    34.3112
    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
    $455
    $3,800
    $8,360
    $12,160
    -
    $19,000
    $41,800
    $60,800

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      Buster Rd

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      Buster Rd, Falkville, AL 35622
      View Details
    • Value Estimation
      $470,000
      10,000 SF

      Of I-65

      MINI-WAREHOUSE, STORAGE • 10,000 SF
      Of I-65, Falkville, AL 35622
      View Details
    • Value Estimation
      $520,000
      13,000 SF

      164 Buster Rd

      MINI-WAREHOUSE, STORAGE • 13,000 SF
      164 Buster Rd, Falkville, AL 35622-5129
      View Details
    • Value Estimation by Request
      2,191 SF

      Patterson W Ave

      MINI-WAREHOUSE, STORAGE • 2,191 SF
      Patterson W Ave, Falkville, AL 35622
      View Details
    • Value Estimation by Request
      2,400 SF

      96 Buster Rd

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      96 Buster Rd, Falkville, AL 35622-5125
      View Details
    • Value Estimation by Request
      2,400 SF

      245 Buster Rd

      MINI-WAREHOUSE, STORAGE • 2,400 SF
      245 Buster Rd, Falkville, AL 35622-5131
      View Details

    Similar Nearby for Sale

    • $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
      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
    • $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
    • $399,000
      2.24 Acres

      Falkville Commercial Property on Highway

      Spacious commercial building on 2.24 acres near Hartselle.
      3989 Us Highway 31, 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.
      Tbd Mt Carmel Rd, Falkville, AL 35622
      View Details
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    Hwy 31
    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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