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Property profile & analytics
OFF-MARKET
Estimated value
$1,095,000
Retail space
10052 Hwy 119, Alabaster, AL 35007-9266
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-1113511
Property summary
AI-generated overview
This exceptional 7.3-acre commercial land parcel presents a remarkable investment opportunity in Alabaster, Alabama. Located at 10052 Hwy 119, this prime corner property boasts approximately 575 feet of frontage on Highway 119, ensuring unparalleled visibility and accessibility. The property is situated in the heart of the Alabaster Overlay District, benefiting from a high traffic count exceeding 30,000 vehicles daily. Its strategic location directly across from the future Alabaster Recreational Complex and a planned retail development promises significant future growth and value appreciation. The B-3 zoning designation allows for a wide range of commercial uses, providing flexibility for diverse development plans. All utilities are readily available, simplifying the development process. This property's exceptional location, combined with its size and zoning, makes it an ideal site for a variety of commercial ventures, capitalizing on the area's robust growth and high traffic volume. The asking price is $4,800,000. This is a rare opportunity to acquire a highly visible and strategically located commercial land parcel in a thriving Alabama community. The Shelby County address is 10052 Hwy 119, Alabaster, AL 35007.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1986
Construction
WOOD
Total area
5,000 SF
Lot
3.83 ac (166,704 SF)
APN
231112001008000
UPID
US03-1113511
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
-
Quality Innovations LLC Hardware & Home Improvement
-
Nationwide Insurance: Bentley Insurance Inc. Insurance Agency
-
Cornerstone Tree Service, LLC Landscaping General Contractor
-
X3 Construction General Contractor
-
1 Percent Lists Legacy Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$892k
Blend (final)
Blend
$1.10M
Owner & transaction history
Shane Jones Properties LLC · 4 yrs held
Shane Jones Properties LLC
since 2021
Last sale
$1.3M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$915,000
+46.4%
Office building
$735,000
+17.7%
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 Alabaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alabaster 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
$1,475,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$915,000
Change: +46% · Conversion: Difficult
OFFICE BUILDING
$735,000
Change: +18% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $986k – $1.20M · ±10% · vs last sale $1.29M (Sep 24 2021)
Last sale anchor
$1.29M
Sep 24 2021
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
$219 / 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
$10,661
Tax year 2023
Assessed value
$197,420
Assessed 2023
Previous assessed
$197,420
+0.0% YoY
Effective rate
5.40%
On assessed value
Land market value
$700,160
Improvement market value
$286,900
Total market value
$987,060
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
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
15
Bathrooms
1
Total area
5,000 SF
Lot
3.83 ac (166,704 SF)
APN
231112001008000
UPID
US03-1113511
Jurisdiction
SHELBY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$915,000
OFFICE BUILDING
Est. value
$735,000
MEDICAL BUILDING
OFFICE BUILDING
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
1986
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
15
Bathrooms
1
Lot
3.83 ac
Current owner
From public records · entity-resolved
Shane Jones Properties LLC
Entity
Mailing address
166 SALTERS PATH, MONTEVALLO, AL 35115-8910
Ownership since
2021
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 24, 2021
$2,000,000
Shane Jones Properties LLC
Ki Pun S Glass
Warranty Deed
$1,980,000 · First Bank Of Alabama
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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