Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$47,435,000
Manufacturing properties
11236 Will Walker Rd Vance, AL 35490
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-2433866
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2021
Total area
536,131 SF
Lot
53.15 ac (2,315,214 SF)
Zoning code
R1
APN
28-05-22-0-000-005.000
UPID
US03-2433866
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$39.70M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$47.44M
Owner & transaction history
Mountain Vance Al LLC · 4 yrs held
Mountain Vance Al LLC
since 2022
Last sale
$51.7M
3 recorded transactions
Zoning & alternative use
R1 · Vance, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$43.4M
+161.3%
Office building
$43.1M
+159.4%
Apartment house (5+ units)
$37.6M
+126.4%
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 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
$46,715,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$43,010,000
6.5%
$39,700,000
7%
$36,865,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$43,380,000
Change: +161% · Conversion: Difficult
OFFICE BUILDING
$43,055,000
Change: +159% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$37,570,000
Change: +126% · Conversion: Difficult
RESTAURANT
$34,780,000
Change: +110% · Conversion: Difficult
MEDICAL BUILDING
$30,305,000
Change: +83% · Conversion: Difficult
WAREHOUSE, STORAGE
$29,710,000
Change: +79% · Conversion: Easy
Blend value · Realmo final
$47.44M
Range $42.69M – $52.18M · ±10% · vs last sale $51.66M (Feb 7 2022)
Last sale anchor
$51.66M
Feb 7 2022
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
$88 / 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
$291,200
Tax year 2023
Assessed value
$10,683,360
Assessed 2023
Previous assessed
$8,365,660
+27.7% YoY
Effective rate
2.73%
On assessed value
Assessed land
$223,240
Assessed improvement
$10,460,120
Land market value
$1,116,200
Improvement market value
$52,300,600
Total market value
$53,416,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2021
Heating
NONE
Cooling
AC.PACKAGE
Buildings
3
Total area
536,131 SF
Lot
53.15 ac (2,315,214 SF)
Zoning code
R1
APN
28-05-22-0-000-005.000
UPID
US03-2433866
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
COMMERCIAL (GENERAL)
Est. value
$43.4M
OFFICE BUILDING
Est. value
$43.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$37.6M
RESTAURANT
Est. value
$34.8M
MEDICAL BUILDING
Est. value
$30.3M
WAREHOUSE, STORAGE
Est. value
$29.7M
COMMERCIAL (GENERAL)
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2021
Heating
NONE
Cooling
Yes
Buildings
3
Lot
53.15 ac
Current owner
From public records · entity-resolved
Mountain Vance Al LLC
Entity
Free & Clear · 4 yrs held
Mailing address
255 WASHINGTON ST STE #300, NEWTON, MA 02458-1634
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Sep 27, 2022
—
Ilpt 4s Vance Al LLC
—
Deed
related
$100,000,000 · Citi Real Estate Funding
Feb 7, 2022
$51,659,640
Mountain Vance Al LLC
Vance Ventures LLC
Warranty Deed
—
Oct 3, 2020
$835,000
Vance Ventures LLC
Eaton Johnny Rayburn Estate
Warranty 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.
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 11236 Will Walker Rd?
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.
