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Property profile & analytics
OFF-MARKET
Estimated value
$585,000
Manufacturing properties
110 Meadland Cir Bessemer, AL 35023-1851
Entity Owned
1-yr Hold
Free & Clear
Property ID
US03-0468923
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Total area
13,440 SF
Lot
3.85 ac (167,706 SF)
Zoning code
B1
APN
30-00-21-3-004-001.001
UPID
US03-0468923
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
-
Haley Machine & Tool Co Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$585k
Owner & transaction history
Series B Of Mcfarland Properties Ll · 1 yrs held
Series B Of Mcfarland Properties Ll
since 2024
Last sale
$756,800
4 recorded transactions
Zoning & alternative use
B1 · Bessemer, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$815,000
+69.1%
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
$460,000
ML approach
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$480,000
Current use
COMMERCIAL (GENERAL)
$815,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$585k
Range $527k – $644k · ±10% · vs last sale $757k (Jul 28 2024)
Last sale anchor
$757k
Jul 28 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
$44 / 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
$7,409
Tax year 2022
Assessed value
$151,360
Assessed 2023
Previous assessed
$123,280
+22.8% YoY
Effective rate
4.89%
On assessed value
Assessed land
$50,320
Assessed improvement
$101,040
Land market value
$251,600
Improvement market value
$505,200
Total market value
$756,800
Applied tax rate
64.0000
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
1987
Heating
SPACE
Stories
1
Total area
13,440 SF
Lot
3.85 ac (167,706 SF)
Zoning code
B1
APN
30-00-21-3-004-001.001
UPID
US03-0468923
Jurisdiction
JEFFERSON
Zoning & alternative use
B1 · Bessemer, AL
Zoning B1 · permitted uses
B1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$480,000
COMMERCIAL (GENERAL)
Est. value
$815,000
INDUSTRIAL (GENERAL) Current
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
1987
Heating
SPACE
Stories
1
Lot
3.85 ac
Current owner
From public records · entity-resolved
Series B Of Mcfarland Properties Ll
Entity
Free & Clear · 1 yrs held
Mailing address
3075 ALLISON BONNETT MEMORIAL DR, HUEYTOWN, AL 35023-2262
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2024
$756,800
Series B Of Mcfarland Properties Ll
Birmingham Auto Auction Of Hueytown
Warranty Deed
—
Apr 28, 2020
$552,000
Birmingham Auto Auction Of Hueyto
Haley Machine & Tool Co INC
Warranty Deed
$551,000 · Haley Machine & Tool Co INC
May 31, 2016
—
Haley Machine & Tool Co INC
—
Deed
related
$250,000 · Regions Bk
—
—
Haley Machine & Tool Co INC
—
Deed Of Trust
related
$250,000 · Regions Bk
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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