Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,685,000
Retail space
1090 9th SW Ave Bessemer, AL 35022-4530
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US03-0375736
Property summary
AI-generated overview
This exceptional 10,000-square-foot medical office building in Jefferson County presents a unique leasing opportunity. Currently, 6,700 square feet of space is available for lease, divisible down to a minimum of 6,700 contiguous square feet. The building, constructed in 2006 and renovated in 2011, boasts a Class B rating and features a single story with 12-foot ceilings. The property sits on a generous 1.57 acres, providing ample surface-level parking for tenants and their clients. A strong co-tenancy with Hinkle Pharmacy, occupying 3,700 square feet, adds to the property's appeal. The building is not equipped with a sprinkler system. Lease terms are NNN plus utilities, with dumpster service included in the common area maintenance (CAM) charges. Pylon signage is available for increased visibility. The property is ideally suited for medical practices seeking a well-located, spacious, and convenient office environment. Delivery is expected in Fall 2024. Taxes are $1.24 per square foot. The building consists of two suites in total.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2006
Total area
9,927 SF
Lot
1.56 ac (68,171 SF)
Zoning code
C3
APN
38-00-19-1-001-002.002
UPID
US03-0375736
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. Tracy L. Brookings, MD Pediatrician Medical Clinic
-
Dr. Hoyt T. Smith, MD Pediatrician Medical Clinic
-
Dr. Abby M. Allen, MD Pediatrician Medical Clinic
-
Dr. Janet C. Harris, MD Pediatrician Medical Clinic
-
Hinkle Pharmacy Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.14M
Comparable Approach
Comparable
$1.65M
Blend (final)
Blend
$1.69M
Owner & transaction history
Hinkle Med INC · 21 yrs held
Hinkle Med INC
since 2004
1 recorded transaction
Zoning & alternative use
C3 · Bessemer, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+166.0%
Apartment house (5+ units)
$2.0M
+107.1%
Medical building
$1.6M
+65.8%
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 Bessemer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bessemer 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%
$2,310,000
6.5%
$2,135,000
7%
$1,980,000
Alternative Use
Use
Estimation
RESTAURANT
$2,535,000
Change: +166% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,975,000
Change: +107% · Conversion: Difficult
MEDICAL BUILDING
$1,580,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,405,000
Change: +47% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,400,000
Change: +47% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,085,000
Change: +14% · Conversion: Easy
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±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
$170 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$12,440
Tax year 2022
Assessed value
$207,820
Assessed 2023
Previous assessed
$181,080
+14.8% YoY
Effective rate
5.99%
On assessed value
Assessed land
$34,080
Assessed improvement
$173,740
Land market value
$170,400
Improvement market value
$868,700
Total market value
$1,039,100
Applied tax rate
52.0000
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
2006
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
9,927 SF
Lot
1.56 ac (68,171 SF)
Zoning code
C3
APN
38-00-19-1-001-002.002
UPID
US03-0375736
Jurisdiction
JEFFERSON
Zoning & alternative use
C3 · Bessemer, AL
Zoning C3 · permitted uses
C3 · Bessemer, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bessemer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.1M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
2006
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.56 ac
Current owner
From public records · entity-resolved
Hinkle Med INC
Entity
Mailing address
1090 9TH AVE SW, BESSEMER, AL 35022-4530
Ownership since
2004
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 2, 2004
$250,000
Hinkle Med INC
Ge Capital Franchise Finance C
Quit Claim Deed
related
$200,000 · Regions Bk/norcross Ga
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1090 9th SW Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
