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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Truck terminals
1194 24th Ave Bessemer, AL 35023-3615
Entity Owned
3-yr Hold
Free & Clear
Property ID
US03-0568335
Property profile
Verified
Property type
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Year built
1981
Total area
10,954 SF
Lot
2.51 ac (109,510 SF)
Zoning code
M1
APN
38-00-06-4-010-084.000
UPID
US03-0568335
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
-
Kamco Services General Contractor
-
Reno Construction Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$435k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Gab Leasing LLC · 3 yrs held
Gab Leasing LLC
since 2022
Last sale
$600,000
7 recorded transactions
Zoning & alternative use
M1 · Bessemer, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$870,000
+261.9%
Auto repair, garage
$775,000
+221.4%
Retail stores
$765,000
+218.5%
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 Bessemer submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bessemer 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
$465,000
ML approach
$435,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$870,000
Change: +262% · Conversion: Difficult
AUTO REPAIR, GARAGE
$775,000
Change: +221% · Conversion: Difficult
RETAIL STORES
$765,000
Change: +218% · Conversion: Difficult
MEDICAL BUILDING
$665,000
Change: +177% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$525,000
Change: +118% · Conversion: Difficult
WAREHOUSE, STORAGE
$420,000
Change: +74% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10% · vs last sale $600k (Aug 11 2022)
Last sale anchor
$600k
Aug 11 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
$48 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$3,173
Tax year 2022
Assessed value
$66,840
Assessed 2023
Previous assessed
$52,800
+26.6% YoY
Effective rate
4.75%
On assessed value
Assessed land
$16,420
Assessed improvement
$50,420
Land market value
$82,100
Improvement market value
$252,100
Total market value
$334,200
Applied tax rate
64.0000
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
Truck terminals
Use group
TRUCK TERMINAL (MOTOR FREIGHT)
Status
Off-Market
Year built
1981
Heating
SPACE
Stories
1
Total area
10,954 SF
Lot
2.51 ac (109,510 SF)
Zoning code
M1
APN
38-00-06-4-010-084.000
UPID
US03-0568335
Jurisdiction
JEFFERSON
Zoning & alternative use
M1 · Bessemer, AL
Zoning M1 · permitted uses
M1 · Bessemer, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bessemer. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$775,000
RETAIL STORES
Est. value
$765,000
MEDICAL BUILDING
Est. value
$665,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$525,000
WAREHOUSE, STORAGE
Est. value
$420,000
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1981
Heating
SPACE
Stories
1
Lot
2.51 ac
Current owner
From public records · entity-resolved
Gab Leasing LLC
Entity
Free & Clear · 3 yrs held
Mailing address
1130 RAIMUND MUSCODA RD, BESSEMER, AL 35020-7261
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 11, 2022
$600,000
Gab Leasing LLC
Kamco Svcs LLC
Warranty Deed
—
May 13, 2020
—
Kamco Services LLC
—
Deed
related
$400,000 · Cadence Bk NA
May 13, 2019
—
Kamco Services LLC
—
Deed
related
$400,000 · Cadence Bk NA
Apr 25, 2018
—
Kamco Services LLC
—
Deed
related
$250,000 · Cadence Bk NA
May 11, 2017
—
Kamco Services LLC
—
Deed
related
$400,000 · Cadence Bk
Feb 11, 2004
—
Reno Construction Co LLC
Reno Refractories INC
Quit Claim Deed
related
$215,000 · Regions Bk/norcross Ga
May 1, 1995
$170,000
New Owner
Freight Terminal
Grant Deed
related
—
—
—
Kamco Services LLC
—
Loan Modification
related
$400,000 · Cadence Bk NA
—
—
Kamco Services LLC
—
Deed Of Trust
related
$100,000 · Cadence Bk
—
—
Kamco Services LLC
—
Deed Of Trust
related
$155,000 · Cadence Bk
—
—
Kamco Services LLC
—
Loan Modification
related
$400,000 · Cadence Bk
—
—
Kamco Services LLC
—
Loan Modification
related
$250,000 · Cadence Bk NA
—
—
Kamco Services LLC
—
Loan Modification
related
$400,000 · Cadence Bk NA
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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