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Property profile & analytics
OFF-MARKET
Estimated value
$500,000
Hotels
11170 Will Walker Rd Vance, AL 35490-1730
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-1039560
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1999
Total area
37,896 SF
Lot
2.28 ac (99,317 SF)
Zoning code
R1
APN
28-05-22-0-000-007.000
UPID
US03-1039560
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
-
Greystone Inn & Suites Hotel & Motel
-
Truck and Wheel Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$516k
Blend (final)
Blend
$500k
Owner & transaction history
Lumpkin Development Holdings LLC · 1 yrs held
Lumpkin Development Holdings LLC
since 2025
Last sale
$500,000
2 recorded transactions
Zoning & alternative use
R1 · Vance, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Vance submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vance 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
$425,000
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$695,000
Current use
Blend value · Realmo final
$500k
Range $450k – $550k · ±10% · vs last sale $500k (Mar 20 2025)
Last sale anchor
$500k
Mar 20 2025
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
$13 / 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
$24,796
Tax year 2023
Assessed value
$774,880
Assessed 2023
Previous assessed
$774,880
+0.0% YoY
Effective rate
3.20%
On assessed value
Assessed land
$11,400
Assessed improvement
$763,480
Land market value
$57,000
Improvement market value
$3,817,400
Total market value
$3,874,400
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
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1999
Heating
HEAT PUMP
Stories
3
Rooms
65
Bathrooms
3
Total area
37,896 SF
Lot
2.28 ac (99,317 SF)
Zoning code
R1
APN
28-05-22-0-000-007.000
UPID
US03-1039560
Jurisdiction
TUSCALOOSA
Zoning & alternative use
R1 · Vance, AL
Zoning R1 · permitted uses
R1 · Vance, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vance. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$695,000
HOTEL/MOTEL Current
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
1999
Heating
HEAT PUMP
Stories
3
Rooms
65
Bathrooms
3
Lot
2.28 ac
Current owner
From public records · entity-resolved
Lumpkin Development Holdings LLC
Entity
Free & Clear · 1 yrs held
Mailing address
100 METRO PKWY, PELHAM, AL 35124-1171
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2025
$500,000
Lumpkin Development Holdings LLC
Edwin B Lumpkin
Warranty Deed
—
Jul 2, 2009
$1,000,000
Edwin B Lumpkin
Union State Bank
Deed
—
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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