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Property profile & analytics
OFF-MARKET
Estimated value
$840,000
Grocery and convenience stores
11500 Hwy 20 Florence, AL 35633-2701
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-3034566
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1986
Total area
2,682 SF
Lot
1.05 ac (45,738 SF)
APN
14-02-09-0-000-034-008
UPID
US03-3034566
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
$840k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$840k
Owner & transaction history
Hamzah Properties LLC · 2 yrs held
Hamzah Properties LLC
since 2024
Last sale
$840,000
6 recorded transactions
Zoning & alternative use
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 Florence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florence 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
$840,000
ML approach
$840,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$810,000
Change: 0% · Conversion: Moderate
Blend value · Realmo final
$840k
Range $756k – $924k · ±10% · vs last sale $840k (Apr 24 2024)
Last sale anchor
$840k
Apr 24 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
$313 / 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
$1,584
Tax year 2023
Assessed value
$4,940
Assessed 2023
Previous assessed
$4,940
+0.0% YoY
Effective rate
32.06%
On assessed value
Assessed land
$4,940
Land market value
$24,700
Improvement market value
$194,460
Total market value
$219,160
Applied tax rate
1.0000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
4
Total area
2,682 SF
Lot
1.05 ac (45,738 SF)
APN
14-02-09-0-000-034-008
UPID
US03-3034566
Jurisdiction
LAUDERDALE
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
OFFICE BUILDING
Est. value
$810,000
OFFICE BUILDING
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
4
Lot
1.05 ac
Current owner
From public records · entity-resolved
Hamzah Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2030 SARAH LN, DECATUR, AL 35603-2482
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2024
$840,000
Hamzah Properties LLC
David Ali Ahmed
Warranty Deed
—
Mar 20, 2023
$840,000
David Ali Ahmed
Crotts Investments LLC
Warranty Deed
$153,220 · Peoples Trust Bank
Nov 1, 2021
—
David Ali Ahmed
Crotta Investments LLC
Contract Sale
—
Jan 23, 2019
—
Crotts Investments LLC
Haddock S Quick Stop & Deli LLC
Warranty Deed
$405,000 · Farmers & Mechanics Bank
Mar 1, 2016
$265,000
Haddocks Quick Stop And Deli
Thomas Derrill Haddock
Warranty Deed
—
Jul 24, 2014
$205,000
Thomas Derrill Haddock
Thomas Owen Haddock
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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