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    Property profile & analytics

    Of Hwy 31 Decatur, AL 35603

    • Office Properties & Spaces
    • 3,250 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Oct 09, 2020
    $20,000
    Location Intelligence
    Property ID
    US03-1768120
    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

    • Office Properties & Spaces

    Property Details for Of Hwy 31

    Year built
    1992
    Construction
    WOOD
    Lot size
    0.62 lot acres
    Property size
    3,250 SF
    Property type
    Office Properties & Spaces
    APN
    12-04-17-0-012-001.002
    APU
    1204170012001002

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Morgan
    State
    Alabama
    Longitude
    -86.97
    Latitude
    34.5183
    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
    $0.00
    $5,680
    $43,440
    $49,120
    -
    $28,400
    $217,200
    $245,600

    Comparable in this City

    • Value Estimation by Request
      640 SF

      3027 Hwy 31st S

      OFFICE (GENERAL) • 640 SF
      3027 Hwy 31st S, Decatur, AL 35603-1403
      View Details
    • Value Estimation by Request
      1,800 SF

      4603 Marsha Ave

      OFFICE (GENERAL) • 1,800 SF
      4603 Marsha Ave, Decatur, AL 35603-5715
      View Details
    • Value Estimation
      $240,000
      1,750 SF

      1853 Bethel Rd

      OFFICE (GENERAL) • 1,750 SF
      1853 Bethel Rd, Decatur, AL 35603-5420
      View Details
    • Value Estimation
      $410,000
      2,352 SF

      496 Hwy 67th S

      OFFICE (GENERAL) • 2,352 SF
      496 Hwy 67th S, Decatur, AL 35603-6300
      View Details
    • Value Estimation
      $470,000
      651 SF

      1802 Milligan SW St

      OFFICE (GENERAL) • 651 SF
      1802 Milligan SW St, Decatur, AL 35603-3000
      View Details
    • Value Estimation by Request
      5,000 SF

      3339 Central Pkwy

      Office space • 5,000 SF
      3339 Central Pkwy, Decatur, AL 35603
      View Details

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      Residential Land in Decatur, AL

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      Residential land available for building a dream home.
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    Similar Nearby for Lease

    • Contact for pricing
      35,933 SF

      Decatur Medical Office Suites

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    • $6 SF/Yr
      10,000 SF

      Decatur Industrial Warehouse - 10,000 SF

      Prime Decatur warehouse, excellent access to I-65.
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    • $15 SF/Yr
      36,737 SF

      Retail Space in High Growth Area

      Retail property in a high-growth area with ample parking.
      2914 Mallard Pkwy, Decatur, AL 35603
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    • $6 SF/Yr
      5,000 SF

      Decatur Industrial Space For Rent

      5,000 SF industrial space in Decatur, Alabama available for lease.
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    • $5,000 /Mo

      Decatur Industrial Space For Lease

      Multi-use complex with warehouse and office space available for lease.
      3074 Finley Island Rd, Decatur, AL 35603
      View Details
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    Of Hwy 31
    Decatur, AL 35603
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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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