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Property profile & analytics
OFF-MARKET
Retail properties & Spaces
10645 Old Hwy 280 Chelsea, AL 35043-8200
Entity Owned
6-yr Hold
Free & Clear
Property ID
US03-0572027
Property profile
Verified
Property type
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Year built
2005
Total area
4,000 SF
Lot
0.75 ac (32,670 SF)
APN
98270001017011
UPID
US03-0572027
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
-
WillPower Fitness Gym Gym & Fitness Center
-
Blessed Electric LLC Electrical Service General Contractor
-
Private Auto Sales LLC Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lantrip Properties LLC · 6 yrs held
Lantrip Properties LLC
since 2020
Last sale
$290,000
7 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 Chelsea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chelsea 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,673
Tax year 2023
Assessed value
$106,200
Assessed 2023
Previous assessed
$106,200
+0.0% YoY
Effective rate
4.40%
On assessed value
Land market value
$171,520
Improvement market value
$359,470
Total market value
$530,990
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
Retail properties & Spaces
Use group
SERVICE SHOP (TV, ELECTRIC, PLUMBING)
Status
Off-Market
Year built
2005
Heating
SPACE
Cooling
YES
Buildings
2
Stories
1
Rooms
2
Bathrooms
2
Total area
4,000 SF
Lot
0.75 ac (32,670 SF)
APN
98270001017011
UPID
US03-0572027
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
Building & site characteristics
From public records
Year built
2005
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Rooms
2
Bathrooms
2
Lot
0.75 ac
Current owner
From public records · entity-resolved
Lantrip Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
2914 HAMILTON RD, PELL CITY, AL 35128-7357
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2020
$290,000
Lantrip Properties LLC
First Us Bank
Warranty Deed
—
Oct 30, 2018
$600,000
Jessica Palmer Realty LLC
First Us Bk
Warranty Deed
$600,000 · Cadence Bk NA
Apr 11, 2018
$207,500
Overton Gap LLC
First Us Bk
Warranty Deed
$166,000 · Cadence Bk NA
Apr 11, 2018
$515,000
Overton Gap LLC
First Us Bk
Warranty Deed
—
Sep 29, 2017
$280,000
Parisher Properties LLC
First Us Bk
Warranty Deed
—
Mar 17, 2009
—
Ruff & Tuff LLC
—
Trustees Deed
related
$150,065 · First United Security Bank
Jan 28, 2008
—
William M Thomas JR.
—
Trustees Deed
related
$500,000 · First United Security Bank
Nov 4, 2005
—
Thomas Willie JR.
—
Trustees Deed
related
$378,338 · First United Security Bank
Feb 28, 2005
—
Thomas Willie JR.
—
Trustees Deed
related
$427,714 · First United Security Bank
—
—
Willie M Thomas JR.
—
Deed Of Trust
related
$111,871 · First United Security Bank
—
—
Willile M Thomas JR.
—
Deed Of Trust
related
$1,546,499 · First United Security 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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