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    Of Hwy 31 Falkville, AL 35622

    • Retail properties
    • 600 SF
    OFF-MARKET
    Value Estimation
    Last Sale
    Feb 16, 2023
    $40,000
    Location Intelligence
    Property ID
    US03-1909299
    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 properties

    Property Details for Of Hwy 31

    Year built
    1971
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Property size
    600 SF
    Property type
    Retail properties
    APN
    24-01-12-0-203-002.001
    APU
    2401120203002001

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Falkville
    County
    Morgan
    State
    Alabama
    Longitude
    -86.9087
    Latitude
    34.3683
    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
    $330
    $700
    $7,080
    $7,780
    -
    $3,500
    $35,400
    $38,900

    Comparable in this City

    • Value Estimation by Request
      3,200 SF

      Us Hwy 31st Old Us Highway

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,200 SF
      Us Hwy 31st Old Us Highway, Falkville, AL 35622
      View Details
    • Value Estimation by Request
      2,100 SF

      65th W 65th Ww

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 2,100 SF
      65th W 65th Ww, Falkville, AL 35622
      View Details
    • Value Estimation by Request
      6,146 SF

      College St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 6,146 SF
      College St, Falkville, AL 35622
      View Details
    • Value Estimation by Request
      3,600 SF

      1216 Lacon Rd

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,600 SF
      1216 Lacon Rd, Falkville, AL 35622-6907
      View Details
    • Value Estimation by Request
      1,680 SF

      Main N St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 1,680 SF
      Main N St, Falkville, AL 35622
      View Details
    • Value Estimation by Request
      3,840 SF

      Us Hwy 31st E

      SERVICE SHOP (TV, ELECTRIC, PLUMBING) • 3,840 SF
      Us Hwy 31st E, Falkville, AL 35622
      View Details

    Similar Nearby for Sale

    • $429,900

      Falkville Retail or Restaurant Space

      3,640 SF commercial building suitable for retail or restaurant.
      59 Douglas Rd, Falkville, AL 35622
      View Details
    • $350,000
      3,640 SF

      Falkville Commercial Building - I-65 Access

      Restaurant Ready, High Traffic Location
      59 Douglas Rd, Falkville, AL 35622
      View Details
    • $2,000,000

      Falkville Commercial Land For Sale

      6.9 acre commercial land with Interstate Business zoning.
      125 East Pike Rd, Falkville, AL 35622
      View Details
    • $69,900
      3.00 Acres

      Residential Land in Falkville, AL

      Three-acre building lot near I-65 in Falkville, Alabama.
      6 W Highway 55 W, Falkville, AL 35622
      View Details
    • $69,900
      3.00 Acres

      Residential Lot Near I-65

      Three-acre building lot suitable for residential construction near I-65.
      7 W Highway 55 W, Falkville, AL 35622
      View Details
    • $399,000
      2.24 Acres

      Falkville Commercial Property on Highway

      Spacious commercial building on 2.24 acres near Hartselle.
      3989 Us Highway 31, Falkville, AL 35622
      View Details
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    Of Hwy 31
    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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