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Property profile & analytics
OFF-MARKET
Estimated value
$14,390,000
Office buildings
1112 Church NW St Huntsville, AL 35801-5914
Entity Owned
21-yr Hold
Free & Clear
Property ID
US03-0749792
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
34,808 SF
Lot
4.51 ac (196,630 SF)
APN
14-07-26-4-005-018.001
UPID
US03-0749792
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
-
Nektar Therapeutics Alabama Factory Production Facility
-
Progressive Vitality Peptide Therapy Clinic Medical Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$14.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.90M
Blend (final)
Blend
$14.39M
Owner & transaction history
Nektar Therapeutics Al Corp · 21 yrs held
Nektar Therapeutics Al Corp
since 2004
Last sale
$14.4M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.0M
+128.4%
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
$14,390,000
ML approach
$14,390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$14,990,000
Change: +128% · Conversion: Moderate
Blend value · Realmo final
$14.39M
Range $12.95M – $15.83M · ±10% · vs last sale $14.39M (Dec 2 2024)
Last sale anchor
$14.39M
Dec 2 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
$413 / 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
$114,215
Tax year 2023
Assessed value
$1,969,220
Assessed 2023
Previous assessed
$1,740,800
+13.1% YoY
Effective rate
5.80%
On assessed value
Assessed land
$78,660
Assessed improvement
$1,890,560
Land market value
$393,300
Improvement market value
$9,452,800
Total market value
$9,846,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
1
Units
1
Bathrooms
1
Total area
34,808 SF
Lot
4.51 ac (196,630 SF)
APN
14-07-26-4-005-018.001
UPID
US03-0749792
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
RESTAURANT
Est. value
$15.0M
RESTAURANT
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
1965
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
1
Bathrooms
1
Lot
4.51 ac
Current owner
From public records · entity-resolved
Nektar Therapeutics Al Corp
Entity
Free & Clear · 21 yrs held
Mailing address
455 MSN BAY BLVD S STE #100, SAN FRANCISCO, CA 94158-2159
Ownership since
2004
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
Oct 17, 2012
—
Nektar Therapeutics
—
Deed Of Trust
related
$6,000,000 · Wells Fargo Bank
Sep 30, 2004
—
Nektar Therapeutics Al Corp
Owner Name Unavailable
Grant Deed
related
—
—
—
Nektar Therapeutics
—
Deed Of Trust
related
$23,920 · Other Institutional Lenders
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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