Entity Owned Property summary
AI-generated overview
This exceptional 5,300-square-foot warehouse, located at 111 Applegate Ct in Pelham, Alabama, presents a fantastic leasing opportunity. Built in 2000, the property boasts a single-tenant occupancy, offering complete control and flexibility to the lessee. The entire 5,300 square feet is currently vacant and ready for immediate occupancy. The building is zoned M-1 Light Industrial, making it suitable for a variety of industrial uses. Its convenient Pelham location, with zip code 35124, offers easy access to major transportation routes, enhancing logistical efficiency for any business. The property's modern design and ample space provide an excellent environment for operations, storage, or manufacturing. This is a rare opportunity to secure a fully vacant, well-maintained warehouse in a desirable location. The property's single-tenant status ensures privacy and control, while its size is perfect for businesses seeking efficient and functional space. Interested parties are encouraged to inquire promptly to secure this exceptional property.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
WOOD
Total area
5,312 SF
Lot
0.47 ac (20,473 SF)
APN
144193001010012
UPID
US03-2967387
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$535k
CAP Approach
CAP
$415k
Comparable Approach
Comparable
$511k
Blend (final)
Blend
$535k
Owner & transaction history
since 2024
Last sale
$535,000
2 recorded transactions
Zoning & alternative use
Top alternative use upside
Commercial (general)
$690,000
+68.0%
Retail stores
$665,000
+61.9%
Office building
$655,000
+59.7%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 3 comparables with addresses
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$535k
Value range
$482k – $589k
±10% around blend
Estimated value / SF
$101 / SF
Confidence
Low
3 county-verified comps
Property data
88
Market benchmarks
33
Comparable evidence
30
$482k
blend $535k
$589k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,312 SF
Lot area
0.47 ac
Year built
2000
Stories
1
APN
144193001010012
Assessed value
$83,620
Annual tax
$4,850
3
Income approach: direct capitalization
Partial preview
Income approach indication
$415k
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$450k
@ 6.5% CAP return
$415k
@ 7% CAP return
$385k
4
Sales comparison
Partial preview
Sales approach indication
$562k
Weighted, 3 comps · low confidence
Evidence
3 found · 3 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.2 mi away · 4,200 SF
4.7 mi away · 5,979 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$535k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 50 sales
$77
+31%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $101/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+68%
vs current-use indication
Retail Stores
Office Building
Warehouse, Storage · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 3 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
from $99/month
Overview
Implied cap rate
5.00%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 5.00%
9.0%
NOI (est.)
$37k *
Last sale · Sep 2024
$535k
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$749k
Move the market yield to see immediate price impact.
Value / SF
$141
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.50%5.00%5.50%
$34k
$749k
$674k
$613k
$37k
$832k
$749k
$681k
$41k
$915k
$824k
$749k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
3 found
Low confidence · county-verified
Closest comparable
$575k
1.8 mi · Jan 2026 · $100/SF
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$4,850
Tax year 2023
Assessed value
$83,620
Assessed 2023
Previous assessed
$83,620
+0.0% YoY
Effective rate
5.80%
On assessed value
Land market value
$117,110
Improvement market value
$300,960
Total market value
$418,070
Applied tax rate
8.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
SPACE
Cooling
YES
Stories
1
Rooms
8
Bathrooms
1
Total area
5,312 SF
Lot
0.47 ac (20,473 SF)
APN
144193001010012
UPID
US03-2967387
Jurisdiction
SHELBY
Zoning & alternative use
Zoning · permitted uses
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release.
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
WOOD
Heating
SPACE
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
1
Lot
0.47 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 30 · 300 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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