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    Property profile & analytics

    New Hope, AL 35760

    • Commercial land
    • 2.00 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Jun 23, 2023
    $250,000
    Location Intelligence
    Property ID
    US03-1879099
    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

    • Commercial land

    Property Details

    Lot size
    2.00 lot acres
    Property type
    Commercial land
    APN
    29-02-04-0-001-029.000
    APU
    2902040001029000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    New Hope
    County
    Madison
    State
    Alabama
    Longitude
    -86.3914
    Latitude
    34.5417
    CBSA code
    26620
    CBSA name
    HUNTSVILLE, 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
    $1,031
    $25,460
    $0.00
    $25,460
    -
    $127,300
    $0.00
    $127,300

    Comparable in this City

    • Value Estimation by Request
      1.32 Acres

      Hwy 431

      VACANT COMMERCIAL LAND • 1.32 Acres
      Hwy 431, New Hope, AL 35760
      View Details
    • Value Estimation by Request
      0.93 Acres

      Hwy 431st S

      VACANT COMMERCIAL LAND • 0.93 Acres
      Hwy 431st S, New Hope, AL 35760
      View Details
    • Value Estimation by Request
      0.24 Acres

      Scott Br Rd

      VACANT COMMERCIAL LAND • 0.24 Acres
      Scott Br Rd, New Hope, AL 35760
      View Details
    • Value Estimation by Request
      1.50 Acres

      222 Washington Ave

      VACANT COMMERCIAL LAND • 1.50 Acres
      222 Washington Ave, New Hope, AL 35760-9584
      View Details
    • Value Estimation by Request
      0.68 Acres

      Hwy 431st S

      VACANT COMMERCIAL LAND • 1,590 SF
      Hwy 431st S, New Hope, AL 35760
      View Details
    • Value Estimation by Request
      0.13 Acres

      5484 Main Dr

      VACANT COMMERCIAL LAND • 5,940 SF
      5484 Main Dr, New Hope, AL 35760-8608
      View Details

    Similar Nearby for Sale

    • $189,900

      Prime Commercial Land in New Hope

      Commercial land for development in a sought-after location.
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    • $89,900
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      New Hope Commercial Development Land

      1.10 acre tract ideal for development in New Hope.
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    • $474,500
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      Highway Frontage Acreage in New Hope

      7+ acres with highway frontage in New Hope, Alabama.
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    • $269,000
      3.30 Acres

      Unrestricted Commercial Property on Highway

      3.30 acres with 750 feet of highway frontage.
      Al Us Hwy 431, New Hope, AL 35760
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    • $850,000

      Commercial Land in New Hope

      Fenced commercial lot with B-2 zoning in New Hope.
      10520 431 South, New Hope, AL 35760
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    • $429,000
      7.00 Acres

      Prime 7+ Acre Highway 431 Tract

      New Hope, AL commercial land opportunity.
      10051 Us-431, New Hope, AL 35760
      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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