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Property profile & analytics
OFF-MARKET
Estimated value
$4,775,000
Automotive properties
1000 Tom Williams Way Irondale, AL 35210-3451
Entity Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-0607300
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2002
Total area
32,141 SF
Lot
15.48 ac (674,222 SF)
Zoning code
C1
APN
24-00-29-4-000-022.001
UPID
US03-0607300
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.02M
Blend (final)
Blend
$4.78M
Owner & transaction history
Sre Alabama-2 LLC · 17 yrs held
Sre Alabama-2 LLC
since 2008
1 recorded transaction
Zoning & alternative use
C1 · Irondale, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.5M
+25.2%
Medical building
$5.7M
+10.6%
Office building
$5.4M
+3.9%
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 Irondale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irondale 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$5,175,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,480,000
Change: +25% · Conversion: Difficult
MEDICAL BUILDING
$5,720,000
Change: +11% · Conversion: Difficult
OFFICE BUILDING
$5,375,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,240,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$4.78M
Range $4.30M – $5.25M · ±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
$149 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$301,003
Tax year 2022
Assessed value
$6,045,200
Assessed 2023
Previous assessed
$5,318,080
+13.7% YoY
Effective rate
4.98%
On assessed value
Assessed land
$1,110,869
Assessed improvement
$4,934,331
Land market value
$5,663,500
Improvement market value
$25,156,500
Total market value
$30,820,000
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
8
Total area
32,141 SF
Lot
15.48 ac (674,222 SF)
Zoning code
C1
APN
24-00-29-4-000-022.001
UPID
US03-0607300
Jurisdiction
JEFFERSON
Zoning & alternative use
C1 · Irondale, AL
Zoning C1 · permitted uses
C1 · Irondale, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Irondale. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.7M
OFFICE BUILDING
Est. value
$5.4M
COMMERCIAL (GENERAL)
Est. value
$5.2M
AUTO REPAIR, GARAGE Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2002
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
8
Lot
15.48 ac
Current owner
From public records · entity-resolved
Sre Alabama-2 LLC
Entity
Free & Clear · 17 yrs held
Mailing address
4401 COLWICK RD, CHARLOTTE, NC 28211-2311
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 17, 2008
—
Sre Alabama-2 LLC
Owner Name Unavailable
Grant Deed
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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