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Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Medical Office Space
1064 Industrial Pkwy Saraland, AL 36571-3720
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US03-3101277
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2009
Total area
13,241 SF
Lot
0.95 ac (41,469 SF)
APN
22 03 08 1 000 089.007
UPID
US03-3101277
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
-
Dr. Coutland T. Farni, DMD Dental Office
-
Leo F. Ginn, III, DMD Dental Office
-
Dr. Shonn M. Farni, DMD Dental Office
-
Michael E. Kellam, DMD Dental Office
-
Dr. Tessa Reid, DMD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.69M
Comparable Approach
Comparable
$1.28M
Blend (final)
Blend
$1.93M
Owner & transaction history
Farni & Farni Real Estate LLC · 20 yrs held
Farni & Farni Real Estate LLC
since 2005
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Saraland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saraland 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%
$2,910,000
6.5%
$2,685,000
7%
$2,490,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,685,000
Current use
RESTAURANT
$2,535,000
Change: -6% · Conversion: Difficult
RETAIL STORES
$2,280,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±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
$145 / 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
$21,491
Tax year 2023
Assessed value
$361,200
Assessed 2023
Previous assessed
$368,660
-2.0% YoY
Effective rate
5.95%
On assessed value
Assessed land
$37,480
Assessed improvement
$323,720
Land market value
$187,400
Improvement market value
$1,618,600
Total market value
$1,806,000
Applied tax rate
16.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2009
Heating
FORCED AIR
Cooling
YES
Stories
2
Rooms
1
Bathrooms
1
Total area
13,241 SF
Lot
0.95 ac (41,469 SF)
APN
22 03 08 1 000 089.007
UPID
US03-3101277
Jurisdiction
MOBILE
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 Current
Est. value
$2.7M
RESTAURANT
Est. value
$2.5M
RETAIL STORES
Est. value
$2.3M
MEDICAL BUILDING Current
RESTAURANT
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
2009
Heating
FORCED AIR
Cooling
Yes
Stories
2
Rooms
1
Bathrooms
1
Lot
0.95 ac
Current owner
From public records · entity-resolved
Farni & Farni Real Estate LLC
Entity
Mailing address
1064 INDUSTRIAL PKWY, SARALAND, AL 36571-3720
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2024
—
Farni & Farni Real Estate LLC
—
Deed
related
$380,000 · Community Bank Of Mississippi
Apr 1, 2022
—
Farni & Farni Real Estate LLC
—
Deed
related
$2,097,220 · 22nd State Bank
Nov 29, 2005
—
Farni & Farni Real Estate LLC
Court T Farni
Warranty Deed
—
—
—
Farni & Farni Real Estate LLC
—
Deed Of Trust
related
$1,992,239 · Hancock Bk/al
—
—
Farni & Farni Real Estate LLC
—
Deed Of Trust
related
$370,000 · Bank Of America
—
—
Farni & Farni Real Estate LLC
—
Deed Of Trust
related
$2,550,000 · Bank Of America
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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