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    Property profile & analytics

    Us Hwy 24 Red Bay, AL 35582

    • Commercial real estate
    • 3,000 SF
    • 1.60 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US03-1441381
    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 real estate

    Property Details for Us Hwy 24

    Year built
    2013
    Lot size
    1.60 lot acres
    Property size
    3,000 SF
    Property type
    Commercial real estate
    APN
    07 04 20 4 000 015.0000
    APU
    7042040000150000

    Value Estimation

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

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Red Bay
    County
    Franklin
    State
    Alabama
    Longitude
    -88.1305
    Latitude
    34.4405

    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
    $1,674
    $920
    $38,040
    $38,960
    -
    $0.00
    $0.00
    $194,800

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      16th N Ave

      COMMERCIAL (GENERAL) • 3,000 SF
      16th N Ave, Red Bay, AL 35582
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    • Value Estimation by Request
      3,526 SF

      3rd W St

      COMMERCIAL (GENERAL) • 3,526 SF
      3rd W St, Red Bay, AL 35582
      View Details
    • Value Estimation by Request
      3,828 SF

      4th S Ave

      COMMERCIAL (GENERAL) • 3,828 SF
      4th S Ave, Red Bay, AL 35582
      View Details
    • Value Estimation
      $130,000
      3,880 SF

      5th S Ave

      COMMERCIAL (GENERAL) • 3,880 SF
      5th S Ave, Red Bay, AL 35582
      View Details
    • Value Estimation
      $870,000
      61,144 SF

      Golden Rd

      COMMERCIAL (GENERAL) • 61,144 SF
      Golden Rd, Red Bay, AL 35582
      View Details
    • Value Estimation by Request
      320 SF

      Red Bay Vina Cut Off

      COMMERCIAL (GENERAL) • 320 SF
      Red Bay Vina Cut Off, Red Bay, AL 35582
      View Details

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    Us Hwy 24
    Red Bay, AL 35582
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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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