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    Property profile & analytics

    Martin Luther King Expy, AL

    • Retail space
    • 14,700 SF
    OFF-MARKET
    Value Estimation
    $550,000
    Location Intelligence
    Property ID
    US03-2308056
    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

    Year built
    1997
    Property size
    14,700 SF
    Property type
    Retail space
    APN
    23-13-04-17-1-004-001.000
    APU
    231304171004001000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Martin Luther King Expy
    County
    Covington
    State
    Alabama
    Longitude
    -86.4689
    Latitude
    31.3181

    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
    $9,295
    $87,680
    $150,668
    $238,348
    -
    $438,400
    $753,340
    $1,191,740

    Comparable in this City

    • Value Estimation by Request
      0.60 Acres

      Highway

      RETAIL STORES (PERSONAL SERVICES) • 0.60 Acres
      Highway, 72, AL
      View Details
    • Value Estimation by Request
      1,152 SF

      Massey Dr, AL

      RETAIL STORES (PERSONAL SERVICES) • 1,152 SF
      Massey Dr, AL
      View Details
    • Value Estimation by Request
      11,100 SF

      Main St, AL

      RETAIL STORES (PERSONAL SERVICES) • 11,100 SF
      Main St, AL
      View Details
    • Value Estimation by Request
      2,030 SF

      22nd Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,030 SF
      22nd Ave, W, AL
      View Details
    • Value Estimation by Request
      2,573 SF

      Al Hwy 143

      RETAIL STORES (PERSONAL SERVICES) • 2,573 SF
      Al Hwy 143, Sw, AL
      View Details
    • Value Estimation by Request
      2,146 SF

      Wilson Ave, AL

      RETAIL STORES (PERSONAL SERVICES) • 2,146 SF
      Wilson Ave, AL
      View Details

    Similar Nearby for Sale

    • $375,000
      10,800 SF

      Established Retail Building For Sale

      Well-established 10,800 SF retail building with ample parking.
      9828 Us 31, Atmore, AL
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    • $645,000

      Retail Store in Robertsdale, AL

      Retail store with high visibility and traffic off Hwy 59.
      22492 Al-59, Robertsdale, AL
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    • $40,000
      5,841 SF

      Warehouse with Potential Apartment Units

      Warehouse with apartment units and adjacent lot for sale.
      616 Martin Luther King Jr Dr, Prichard, AL
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    • $275,000
      15,000 SF

      Downtown Brewton Historic Buildings

      Two historic buildings with over 15,000 SF in Brewton.
      118 St Joseph Ave, Brewton, AL
      View Details
    • $2,200,000
      7,000 SF

      Fairhope Commercial Parcels on Highway

      Two contiguous parcels zoned B1 on Hwy 181 in Fairhope.
      19762 Al-181, Fairhope, AL
      View Details
    • $325,000
      7,800 SF

      Robertsdale Retail Building For Sale

      Large retail building in the heart of Robertsdale, Alabama.
      22203 Al-59, Robertsdale, AL
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      1,300 SF

      Retail Space on Highway 90

      Retail space available in new construction building on Highway 90.
      5441 Us-90, Mobile, AL
      View Details
    • $13 SF/Yr
      5,082 SF

      Retail Space in Bellingrath Crossroads

      Retail or office spaces available in well-maintained shopping center.
      6941 Bellingrath Rd, Theodore, AL
      View Details
    • $14 SF/Yr
      1,000 SF

      Retail Space in Theodore, AL

      Retail space for lease in a busy shopping center.
      7272 Theodore Dawes Rd, Theodore, AL
      View Details
    • $27 SF/Yr
      1,636 SF

      Retail Space on US-98

      1,636 SF retail space in Daphne, Alabama.
      1539 Us-98, Daphne, AL
      View Details
    • Contact for pricing
      9,486 SF

      Retail Space Near I-10

      Retail spaces available with variable footprints and quick I-10 access.
      7317-7401 Theodore Dawes Rd, Mobile, AL
      View Details
    • $2,000 /Mo
      2,400 SF

      Retail/Office Space Near I-10

      2,400 SF retail/office space with high visibility and ample parking.
      27838 Co Rd, Robertsdale, AL
      View Details
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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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