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Property profile & analytics
OFF-MARKET
Estimated value
$1,180,000
Investment properties
1111 Wayne NW Rd Huntsville, AL 35806-3567
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US03-0526269
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2004
Total area
12,060 SF
Lot
1.1 ac (48,047 SF)
APN
14-09-30-3-000-017.000
UPID
US03-0526269
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
-
The Glam Boudoir Hair Salon Nail Salon
-
Bricks4kidz Tutoring Service Training Center
-
The Lackey Law Firm Law Firm
-
Redemptive Life Church Church
-
Josiah Aldrup Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.18M
Owner & transaction history
Lackey & Dean Oil LLC · 6 yrs held
Lackey & Dean Oil LLC
since 2019
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.9M
+7.4%
Retail stores
$1.9M
+3.8%
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 Huntsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntsville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,785,000
Current use
OFFICE BUILDING
$1,920,000
Change: +7% · Conversion: Easy
RETAIL STORES
$1,855,000
Change: +4% · Conversion: Easy
Blend value · Realmo final
$1.18M
Range $1.06M – $1.30M · ±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
$98 / 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
$11,294
Tax year 2023
Assessed value
$194,720
Assessed 2023
Previous assessed
$187,520
+3.8% YoY
Effective rate
5.80%
On assessed value
Assessed land
$61,340
Assessed improvement
$133,380
Land market value
$306,700
Improvement market value
$666,900
Total market value
$973,600
Applied tax rate
2.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2004
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
12,060 SF
Lot
1.1 ac (48,047 SF)
APN
14-09-30-3-000-017.000
UPID
US03-0526269
Jurisdiction
MADISON
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) Current
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.9M
RETAIL STORES
Est. value
$1.9M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RETAIL STORES
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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
1.1 ac
Current owner
From public records · entity-resolved
Lackey & Dean Oil LLC
Entity
Mailing address
126 E PEACHTREE ST, SCOTTSBORO, AL 35768-1810
Ownership since
2019
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
Dec 19, 2019
$900,000
Lackey & Dean Oil LLC
J B Evans Properties LLC
Grant Deed
$720,000 · Centerstate Bk NA
Apr 26, 2018
—
Jb Evans Properties LLC
—
Deed
related
$725,000 · North Alabama Bk
Apr 17, 2015
$200,000
J B Evans Properties LLC
Roberta Knapp Evans
Warranty Deed
$750,000 · Southern Community Bank
Jul 29, 2013
—
Roberta K Evans
Evans,roberta K
Quit Claim Deed
related
—
—
—
Jb Evans Properties LLC
—
Deed Of Trust
related
$725,000 · North Alabama Bk
—
—
John G Evans
—
Deed Of Trust
related
$600,000 · First Commercial Bank
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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