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    Property profile & analytics

    Martin Luther King Jr Expy Andalusia, AL 36420

    • Investment properties
    • 7,560 SF
    • 1.34 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Location Intelligence
    Property ID
    US03-2229529
    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

    • Investment properties

    Property Details for Martin Luther King Jr Expy

    Year built
    1996
    Lot size
    1.34 lot acres
    Property size
    7,560 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    23-13-05-16-1-001-010.000
    APU
    231305161001010000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Andalusia
    County
    Covington
    State
    Alabama
    Longitude
    -86.4497
    Latitude
    31.318

    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
    $6,049
    $91,600
    $63,504
    $155,104
    -
    $458,000
    $317,520
    $775,520

    Comparable in this City

    • Value Estimation by Request
      7,200 SF

      Church St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,200 SF
      Church St, Andalusia, AL 36420
      View Details
    • Value Estimation by Request
      8,800 SF

      Church St

      OFFICE/RESIDENTIAL (MIXED USE) • 8,800 SF
      Church St, Andalusia, AL 36420
      View Details
    • Value Estimation by Request
      8,152 SF

      500 Byp Bypass

      OFFICE/RESIDENTIAL (MIXED USE) • 8,152 SF
      500 Byp Bypass, Andalusia, AL 36420-4729
      View Details
    • Value Estimation
      $390,000
      3,120 SF

      Andalusia, AL 36420

      OFFICE/RESIDENTIAL (MIXED USE) • 3,120 SF
      Andalusia, AL 36420
      View Details
    • Value Estimation
      $125,000
      5,496 SF

      201 Pear St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,496 SF
      201 Pear St, Andalusia, AL 36420
      View Details
    • Value Estimation
      $465,000
      10,000 SF

      1214 3rd Notch St

      OFFICE/RESIDENTIAL (MIXED USE) • 10,000 SF
      1214 3rd Notch St, Andalusia, AL 36420-3402
      View Details

    Similar Nearby for Sale

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      Andalusia Land For Sale

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    • $1,700,000
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      Prime Commercial Land Opportunity

      7-acre commercial land parcel ideal for development in Andalusia, AL.
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      0.21 Acres

      Commercial Building in Downtown Andalusia

      Freestanding building with private parking in high-traffic area.
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    • $190,000
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      Andalusia Land with High Traffic

      Undeveloped land in high-traffic area, ideal for business exposure.
      00 Mlk Expy, Andalusia, AL 36420
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    • $250,000
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      Commercial Land Near Bypass

      Half-acre commercial lot near bypass and hospital in Andalusia, AL.
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      Andalusia Commercial Land For Sale

      4.85 acres suitable for apartments, retail, or office space.
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    Similar Nearby for Lease

    • $134 SF/Yr
      5,500 SF

      Andalusia Office Space Available

      1,250 sq ft renovated office suite
      408 River Falls St, Andalusia, AL 36420
      View Details
    • Contact for pricing
      92,000 SF

      Westgate Plaza: Andalusia Retail Space

      Prime Andalusia retail/office opportunity. High-traffic location.
      700 Westgate Plz, Andalusia, AL 36420
      View Details
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    Martin Luther King Jr Expy
    Andalusia, AL 36420
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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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