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Property profile & analytics
OFF-MARKET
Estimated value
$5,690,000
Manufacturing properties
110 Commerce Dr Pelham, AL 35124-1838
Individually Owned
2-yr Hold
Free & Clear
Property ID
US03-0585888
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1994
Total area
60,504 SF
Lot
4.03 ac (175,547 SF)
APN
136134002006010
UPID
US03-0585888
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
$5.69M
CAP Approach
CAP
$3.95M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.69M
Owner & transaction history
Nicholas Benton Alexander IV · 2 yrs held
Nicholas Benton Alexander IV
since 2024
Last sale
$5.7M
3 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 Pelham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pelham 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
$5,690,000
ML approach
$5,690,000
CAP Approach
CAP Return
Estimation
6%
$4,280,000
6.5%
$3,950,000
7%
$3,670,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,835,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$7,555,000
Change: 0% · Conversion: Moderate
OFFICE BUILDING
$7,450,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$4,665,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$5.69M
Range $5.12M – $6.26M · ±10% · vs last sale $5.69M (Mar 21 2024)
Last sale anchor
$5.69M
Mar 21 2024
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
$94 / 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
$43,340
Tax year 2023
Assessed value
$747,240
Assessed 2023
Previous assessed
$747,240
+0.0% YoY
Effective rate
5.80%
On assessed value
Land market value
$657,250
Improvement market value
$3,078,870
Total market value
$3,736,120
Applied tax rate
8.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1994
Heating
YES
Cooling
YES
Stories
1
Rooms
20
Bathrooms
1
Total area
60,504 SF
Lot
4.03 ac (175,547 SF)
APN
136134002006010
UPID
US03-0585888
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$7.8M
RETAIL STORES
Est. value
$7.6M
OFFICE BUILDING
Est. value
$7.5M
WAREHOUSE, STORAGE
Est. value
$4.7M
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1994
Heating
YES
Cooling
Yes
Stories
1
Rooms
20
Bathrooms
1
Lot
4.03 ac
Current owner
From public records · entity-resolved
Nicholas Benton Alexander IV
Individual
Free & Clear · 2 yrs held
Mailing address
1944 EDISON ST, SANTA YNEZ, CA 93460-9725
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2024
$5,690,000
Nicholas Benton Alexander IV
Commerce Drive Properties LLC
Warranty Deed
—
Apr 7, 2022
$2,700,000
Commerce Drive Properties Al LLC
Supreme Partners LLC
Warranty Deed
$3,180,581 · Servisfirst Bank
—
—
Supreme Partners LLC
—
Loan Modification
related
$2,218,886 · National Bank Commerce Tr & Sa
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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