New search
Property profile & analytics
OFF-MARKET
Estimated value
$2,270,000
Office buildings
113 Main St Arab, AL 35016-1354
Entity Owned
Absentee Owner
Free & Clear
Property ID
US03-0962828
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
16,520 SF
Lot
0.77 ac (33,560 SF)
Zoning code
11
APN
13-07-26-1-001-046.000
UPID
US03-0962828
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
-
Otelco Telecommunications Service
-
GONETSPEED Telecommunications Service Data Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.06M
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$2.27M
Owner & transaction history
Brindlee Mtn Telephone LLC
Brindlee Mtn Telephone LLC
5 recorded transactions
Zoning & alternative use
11 · Arab, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.7M
+128.7%
Commercial (general)
$2.5M
+57.6%
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 Arab submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arab 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%
$3,310,000
6.5%
$3,055,000
7%
$2,840,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,605,000
Current use
RESTAURANT
$3,670,000
Change: +129% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,530,000
Change: +58% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,490,000
Change: -7% · Conversion: Easy
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±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
$137 / 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
$12,443
Tax year 2023
Assessed value
$307,240
Assessed 2023
Previous assessed
$307,240
+0.0% YoY
Effective rate
4.05%
On assessed value
Assessed land
$22,680
Assessed improvement
$284,560
Land market value
$113,400
Improvement market value
$1,422,800
Total market value
$1,536,200
Applied tax rate
11.0000
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Rooms
2
Bathrooms
1
Total area
16,520 SF
Lot
0.77 ac (33,560 SF)
Zoning code
11
APN
13-07-26-1-001-046.000
UPID
US03-0962828
Jurisdiction
MARSHALL
Zoning & alternative use
11 · Arab, AL
Zoning 11 · permitted uses
11 · Arab, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Arab. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.6M
RESTAURANT
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
OFFICE BUILDING Current
RESTAURANT
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1960
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Rooms
2
Bathrooms
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Brindlee Mtn Telephone LLC
Entity
Free & Clear · 0 yrs held
Mailing address
505 3RD AVE E, ONEONTA, AL 35121-1557
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
—
—
Brindlee Mtn Telephone LLC
—
Loan Modification
related
—
—
—
Brindlee Mtn Telephone LLC
—
Deed Of Trust
related
$15,300,000 · Newspring Mezzanine Capital III LP Newspring Mezzanine Capital III LP
—
—
Brindlee Mtn Telephone LLC
—
Deed Of Trust
related
$90,000,000 · Cerberus Busn Fin
—
—
Brindlee Mtn Telephone LLC
—
Deed Of Trust
related
$90,000,000 · Cerberus Busn Fin
—
—
Brindlee Mtn Telephone LLC
—
Deed Of Trust
related
$15,300,000 · Newspring Mezzanine Cap III LP
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 113 Main St?
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.
