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    Property profile & analytics

    Main St Falkville, AL 35622

    • Apartment buildings
    • 2,016 SF
    OFF-MARKET
    Value Estimation
    $145,000
    Last Sale
    Oct 14, 2020
    $150,000
    Location Intelligence
    Property ID
    US03-1609753
    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

    • Apartment buildings

    Property Details for Main St

    Year built
    1996
    Construction
    CONCRETE BLOCKS
    Property size
    2,016 SF
    Property type
    Apartment buildings
    APN
    24-01-12-0-201-053.000
    APU
    2401120201053000

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $120,000

    • CAP approach

      CAP return
      Estimation
      6%
      $170,000
      6.5%
      $165,000
      7%
      $190,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $160,000
      Geo Method
      $190,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $205,000
      Retail
      $160,000
      Mixed-Use
      $175,000
      Hospitality
      $155,000
      Educational
      $185,000
      Residential Income
      $175,000
      Energy
      $150,000
      Income-Based Land
      $175,000
      Food Service
      $150,000

    Location Insight

    • Map
    • Local Demand
    City
    Falkville
    County
    Morgan
    State
    Alabama
    Longitude
    -86.9064
    Latitude
    34.3672
    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
    $1,094
    $2,040
    $23,760
    $25,800
    -
    $10,200
    $118,800
    $129,000

    Comparable in this City

    • Value Estimation by Request
      1,860 SF

      Main St

      APARTMENT HOUSE (5+ UNITS) • 1,860 SF
      Main St, Falkville, AL 35622
      View Details
    • Value Estimation
      $545,000
      3,572 SF

      62 1st St

      APARTMENT HOUSE (5+ UNITS) • 3,572 SF
      62 1st St, Falkville, AL 35622-5056
      View Details
    • Value Estimation
      $200,000
      5,528 SF

      165 2nd St

      APARTMENT HOUSE (5+ UNITS) • 5,528 SF
      165 2nd St, Falkville, AL 35622-5039
      View Details
    • Value Estimation
      $285,000
      3,003 SF

      144 3rd St

      APARTMENT HOUSE (5+ UNITS) • 3,003 SF
      144 3rd St, Falkville, AL 35622-5025
      View Details
    • Value Estimation
      $395,000
      3,264 SF

      Bell Spg Rd

      APARTMENT HOUSE (5+ UNITS) • 3,264 SF
      Bell Spg Rd, Falkville, AL 35622
      View Details
    • Value Estimation
      $485,000
      2,816 SF

      Main St

      APARTMENT HOUSE (5+ UNITS) • 2,816 SF
      Main St, Falkville, AL 35622
      View Details

    Similar Nearby for Sale

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      Falkville Duplexes on One Acre

      Two duplexes on 1 acre in Falkville, Alabama.
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    • $239,000
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      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
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      Falkville Acreage: Ideal Small Farm

      6.6 acres in Morgan County, perfect for a small farm.
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    • $399,000
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      Falkville Commercial Property on Highway

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      View Details
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    Main St
    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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