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    Property profile & analytics

    State Highway 243, AL

    • Office Properties & Spaces
    • 1,281 SF
    • 3.88 lot acres
    OFF-MARKET
    Value Estimation
    $525,000
    Location Intelligence
    Property ID
    US03-1698054
    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 State Highway

    Year built
    1996
    Lot size
    3.88 lot acres
    Property size
    1,281 SF
    Property type
    Office Properties & Spaces
    APN
    11 03 05 0 000 004.0000
    APU
    11030500000040000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    243
    County
    Franklin
    State
    Alabama
    Longitude
    -87.7228
    Latitude
    34.4763

    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
    $9,258
    $5,840
    $274,760
    $280,600
    -
    $0.00
    $0.00
    $320,000

    Comparable in this City

    • Value Estimation by Request
      240 SF

      Co Highway

      OFFICE (GENERAL) • 240 SF
      Co Highway, 56, AL
      View Details
    • Value Estimation by Request
      560 SF

      County Rd, AL

      OFFICE (GENERAL) • 560 SF
      County Rd, AL
      View Details
    • Value Estimation by Request
      2,088 SF

      80 Highway

      OFFICE (GENERAL) • 2,088 SF
      80 Highway, Hwy, AL
      View Details
    • Value Estimation by Request
      1,500 SF

      Neel School Rd, AL

      OFFICE (GENERAL) • 1,500 SF
      Neel School Rd, AL
      View Details
    • Value Estimation
      $465,000
      3,580 SF

      State Highway

      OFFICE (GENERAL) • 3,580 SF
      State Highway, 243, AL
      View Details
    • Value Estimation by Request
      735 SF

      Us 80

      OFFICE (GENERAL) • 735 SF
      Us 80, Ns, AL
      View Details

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      Fairhope Commercial Parcels on Highway

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    Similar Nearby for Lease

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      Office Space Near BJCC

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    • $12 SF/Yr
      1,655 SF

      Office Space in Mobile, AL

      Office space available for lease in Mobile, Alabama.
      216 St Michael St, Mobile, AL
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    • $6,750 /Mo

      Theodore Office Building For Rent

      Office building on 2.73 acres near I-10.
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      900 SF

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      900 sq ft office space with high visibility.
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      View Details
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    State Highway
    243, AL
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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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