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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Motels
10535 Al Hwy 168 Boaz, AL 35957-1910
Individually Owned
16-yr Hold
Free & Clear
Property ID
US03-0159189
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1989
Total area
8,566 SF
Lot
1.1 ac (47,705 SF)
Zoning code
12
APN
25-03-06-2-001-062.000
UPID
US03-0159189
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
by Request
Blend (final)
Blend
$575k
Owner & transaction history
Rahulkumar R Modi · 16 yrs held
Rahulkumar R Modi
since 2009
1 recorded transaction
Zoning & alternative use
12 · Boaz, AL
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 Boaz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boaz 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
RESTAURANT
$890,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$850,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$790,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$550,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$545,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±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
$13,087
Tax year 2023
Assessed value
$261,740
Assessed 2023
Previous assessed
$261,740
+0.0% YoY
Effective rate
5.00%
On assessed value
Assessed land
$28,620
Assessed improvement
$233,120
Land market value
$143,100
Improvement market value
$1,165,600
Total market value
$1,308,700
Applied tax rate
12.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1989
Heating
FLOOR/WALL FURNACE
Cooling
WALL UNIT
Stories
2
Units
1
Rooms
41
Bathrooms
8
Total area
8,566 SF
Lot
1.1 ac (47,705 SF)
Zoning code
12
APN
25-03-06-2-001-062.000
UPID
US03-0159189
Jurisdiction
MARSHALL
Zoning & alternative use
12 · Boaz, ALZoning 12 · permitted uses
12 · Boaz, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
2021 1154 Zoning Ordinance
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$850,000
MEDICAL BUILDING
Est. value
$790,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$550,000
RETAIL STORES
Est. value
$545,000
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1989
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Units
1
Rooms
41
Bathrooms
8
Lot
1.1 ac
Current owner
From public records · entity-resolved
Rahulkumar R Modi
Individual
Free & Clear · 16 yrs held
Mailing address
10535 AL HWY 168, BOAZ, AL 35957-1910
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Dec 22, 2009
$785,000
Rahulkumar R Modi
Bhole LLC
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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