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Property profile & analytics
OFF-MARKET
Estimated value
$8,795,000
Manufacturing properties
1 Mercedes Dr Vance, AL 35490-2900
Individually Owned
Free & Clear
Property ID
US03-0919225
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
1995
Construction
STEEL FRAME
Total area
130,344 SF
Lot
568 ac (24,742,080 SF)
Zoning code
NONE
APN
28-08-27-0-000-002.000
UPID
US03-0919225
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Daimler Group Vance Assembly Plant Factory
-
Amason & Associates Construction Company General Contractor
-
Mercedes Benz US International Inc Factory
-
MBUSI Plant 1 Entrance Corporate Office
-
Alabama Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.65M
Comparable Approach
Comparable
$7.94M
Blend (final)
Blend
$8.80M
Owner & transaction history
U S MERCEDESBENZ
U S MERCEDESBENZ
Zoning & alternative use
NONE · Vance, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.5M
+161.3%
Office building
$10.5M
+159.4%
Apartment house (5+ units)
$9.1M
+126.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Vance submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vance submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,455,000
6.5%
$9,650,000
7%
$8,960,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$10,545,000
Change: +161% · Conversion: Difficult
OFFICE BUILDING
$10,470,000
Change: +159% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,135,000
Change: +126% · Conversion: Difficult
RESTAURANT
$8,455,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$7,370,000
Change: +83% · Conversion: Difficult
WAREHOUSE, STORAGE
$7,225,000
Change: +79% · Conversion: Easy
Blend value · Realmo final
$8.80M
Range $7.92M – $9.67M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$67 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,917,951
Tax year 2023
Assessed value
$112,805,860
Assessed 2023
Previous assessed
$114,165,740
-1.2% YoY
Effective rate
2.59%
On assessed value
Assessed land
$1,728,000
Assessed improvement
$111,077,860
Land market value
$8,640,000
Improvement market value
$555,389,300
Total market value
$564,029,300
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
YES
Cooling
AC.PACKAGE
Buildings
16
Stories
2
Rooms
22
Bathrooms
1
Total area
130,344 SF
Lot
568 ac (24,742,080 SF)
Zoning code
NONE
APN
28-08-27-0-000-002.000
UPID
US03-0919225
Jurisdiction
TUSCALOOSA
Zoning & alternative use
NONE · Vance, AL
Zoning NONE · permitted uses
NONE · Vance, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vance. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$10.5M
OFFICE BUILDING
Est. value
$10.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.1M
RESTAURANT
Est. value
$8.5M
MEDICAL BUILDING
Est. value
$7.4M
WAREHOUSE, STORAGE
Est. value
$7.2M
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1995
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Buildings
16
Rooms
22
Bathrooms
1
Lot
568 ac
Current owner
From public records · entity-resolved
U S MERCEDESBENZ
Individual
Free & Clear · 0 yrs held
Mailing address
PO BOX 80615, INDIANAPOLIS, IN 46280-0615
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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