Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Strip malls
1101 Higrove Pkwy Leeds, AL 35094-1703
Entity Owned
6-yr Hold
Free & Clear
Property ID
US03-0642844
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2010
Total area
11,584 SF
Lot
0.9 ac (39,140 SF)
Zoning code
B2
APN
25-00-19-2-005-016.001
UPID
US03-0642844
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
-
Peterson Dental Dental Office
-
TherapySouth Leeds/Moody Physician
-
Subway Take-out & Catering
-
Leeds Family Chiropractic Alternative Medicine Practice
-
Richard J. Palma III, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Peterson Properties LLC · 6 yrs held
Peterson Properties LLC
since 2020
Last sale
$1.6M
6 recorded transactions
Zoning & alternative use
B2 · Leeds, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.3M
+40.9%
Medical building
$1.8M
+12.8%
Commercial (general)
$1.7M
+3.5%
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 Leeds submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leeds 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
$1,315,000
ML approach
$1,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,635,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,305,000
Change: +41% · Conversion: Difficult
MEDICAL BUILDING
$1,845,000
Change: +13% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,690,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,640,000
Change: +0% · Conversion: Difficult
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.58M (Mar 5 2020)
Last sale anchor
$1.58M
Mar 5 2020
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
$125 / 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
$16,234
Tax year 2022
Assessed value
$346,560
Assessed 2023
Previous assessed
$273,760
+26.6% YoY
Effective rate
4.68%
On assessed value
Assessed land
$70,460
Assessed improvement
$276,100
Land market value
$352,300
Improvement market value
$1,380,500
Total market value
$1,732,800
Applied tax rate
15.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2010
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
11,584 SF
Lot
0.9 ac (39,140 SF)
Zoning code
B2
APN
25-00-19-2-005-016.001
UPID
US03-0642844
Jurisdiction
JEFFERSON
Zoning & alternative use
B2 · Leeds, AL
Zoning B2 · permitted uses
B2 · Leeds, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leeds. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
MEDICAL BUILDING
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
2010
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.9 ac
Current owner
From public records · entity-resolved
Peterson Properties LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1101 HIGROVE PKWY, LEEDS, AL 35094-1703
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 5, 2020
$1,575,000
Peterson Properties LLC
Leeds 1101 LLC
Warranty Deed
—
Mar 5, 2020
—
Peterson Properties LLC
—
Deed
related
$1,360,000 · Progress Bank And Trust
Jan 7, 2020
—
Leeds 1101 LLC
—
Deed
related
$856,300 · Renasant Bank
Jan 30, 2015
$1,120,000
Leeds 1101 LLC
Keith Hall Properties INC
Warranty Deed
$1,120,000 · Metro Bk
Feb 12, 2009
$475,000
Keith Hall Properties INC
Owner Name Unavailable
Grant Deed
related
—
—
—
Keith Hall Properties INC
—
Deed Of Trust
related
$100,000 · Magic City Capital LLC
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 1101 Higrove Pkwy?
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.
