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Property profile & analytics
OFF-MARKET
Estimated value
$1,765,000
Investment properties
1047 Jeff NW Rd Huntsville, AL 35806-4232
Entity Owned
5-yr Hold
Free & Clear
Property ID
US03-0644803
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2001
Construction
MIXED
Total area
10,000 SF
Lot
1.46 ac (63,598 SF)
APN
15-06-14-0-003-003.002
UPID
US03-0644803
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
-
Griggs Orthodontics Dental Office
-
Griggs Orthodontics, LLC/ Dr. Henry G. Griggs, Jr. Dental Office
-
Healing U Spa Alternative Medicine Practice Spa & Massage Center
-
Uptown Boutique Clothing & Fashion Store
-
LawLers Barbecue Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.00M
CAP Approach
CAP
$1.86M
Comparable Approach
Comparable
$1.46M
Blend (final)
Blend
$1.77M
Owner & transaction history
Farzaneh INC · 5 yrs held
Farzaneh INC
since 2021
Last sale
$1.7M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.0M
+36.6%
Office building
$1.6M
+7.4%
Retail stores
$1.5M
+3.8%
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 Huntsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntsville 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
$1,890,000
ML approach
$1,995,000
CAP Approach
CAP Return
Estimation
6%
$2,015,000
6.5%
$1,860,000
7%
$1,725,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,480,000
Current use
MEDICAL BUILDING
$2,025,000
Change: +37% · Conversion: Easy
OFFICE BUILDING
$1,590,000
Change: +7% · Conversion: Easy
RETAIL STORES
$1,540,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.77M
Range $1.59M – $1.94M · ±10% · vs last sale $1.70M (Jan 11 2021)
Last sale anchor
$1.70M
Jan 11 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
$177 / 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
$7,456
Tax year 2023
Assessed value
$208,460
Assessed 2023
Previous assessed
$193,600
+7.7% YoY
Effective rate
3.58%
On assessed value
Assessed land
$50,860
Assessed improvement
$157,600
Land market value
$254,300
Improvement market value
$788,000
Total market value
$1,042,300
Applied tax rate
1.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2001
Construction
MIXED
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
10,000 SF
Lot
1.46 ac (63,598 SF)
APN
15-06-14-0-003-003.002
UPID
US03-0644803
Jurisdiction
MADISON
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
COMMERCIAL (GENERAL) Current
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2001
Construction
MIXED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
Farzaneh INC
Entity
Free & Clear · 5 yrs held
Mailing address
833 TANNAHILL DR SE, HUNTSVILLE, AL 35802-1957
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2024
—
Carlisle Billboards LLC
—
Deed
related
$290,000 · Cb&s Bank INC
Jan 11, 2021
$1,700,000
Farzaneh INC
Lucky Plaza LLC
Deed
—
May 6, 2011
—
Lucky Plaza LLC
—
Deed Of Trust
related
$1,650,000 · Worthington Federal Bank
Nov 15, 2010
$2,085,000
Lucky Plaza LLC
Iron Bowl-jeff Road LLC
Grant Deed
$1,668,000 · North Alabama Bank
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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