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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Office Spaces
114 Hwy 231st N Troy, AL 36081-1767
Individually Owned
6-yr Hold
~
Est. High Equity
Property ID
US03-2465586
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1975
Total area
6,000 SF
Lot
3.43 ac (149,367 SF)
Zoning code
C
APN
55 10 09 31 4 002 004.000
UPID
US03-2465586
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
by Request
Comparable Approach
Comparable
$960k
Blend (final)
Blend
$960k
Owner & transaction history
Ashley Dan Pelham · 6 yrs held
Ashley Dan Pelham
since 2019
5 recorded transactions
Zoning & alternative use
C · Troy, 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 Troy submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Troy 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
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$160 / 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
$6,236
Tax year 2023
Assessed value
$168,780
Assessed 2023
Previous assessed
$843,880
-80.0% YoY
Effective rate
3.69%
On assessed value
Land market value
$343,000
Improvement market value
$500,880
Total market value
$843,880
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1975
Heating
SPACE
Cooling
CENTRAL
Stories
1
Rooms
8
Total area
6,000 SF
Lot
3.43 ac (149,367 SF)
Zoning code
C
APN
55 10 09 31 4 002 004.000
UPID
US03-2465586
Jurisdiction
PIKE
Zoning & alternative use
C · Troy, AL
Zoning C · permitted uses
C · Troy, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Troy. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Heating
SPACE
Cooling
Yes
Stories
1
Rooms
8
Lot
3.43 ac
Current owner
From public records · entity-resolved
Ashley Dan Pelham
Individual
Mailing address
114 HWY 231ST N, TROY, AL 36081-1767
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2025
—
Ashley Dan Pelham
—
Deed
related
$50,000 · Troy Bank & Trust Co
Jul 11, 2022
—
Ashley Dan Pelham
—
Deed
related
$210,000 · Troy Bank & Trust Co
Oct 25, 2019
$770,760
Ashley Dan Pelham
Jennifer W Pelham
Warranty Deed
related
$725,000 · First Cahawba Bank
Dec 30, 2013
$500,000
Ashley D Pelham
Troy Bank And Trust Company
Warranty Deed
$425,015 · Troy Bank And Trust Company
Mar 24, 2005
—
Terry Anderson
Homer Anderson
Warranty Deed
related
—
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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