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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Medical Office Space
123 Chalkville Rd Trussville, AL 35173-1376
Entity Owned
5-yr Hold
Free & Clear
Property ID
US03-0239295
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2003
Construction
STEEL FRAME
Total area
5,374 SF
Lot
0.4 ac (17,219 SF)
Zoning code
C2
APN
12-00-23-4-010-015.001
UPID
US03-0239295
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
by Request
Blend (final)
Blend
$820k
Owner & transaction history
City Of Trussville · 5 yrs held
City Of Trussville
since 2020
7 recorded transactions
Zoning & alternative use
C2 · Trussville, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+24.9%
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 Trussville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Trussville 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
Alternative Use
Use
Estimation
MEDICAL BUILDING
$855,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,070,000
Change: +25% · Conversion: Moderate
AUTO REPAIR, GARAGE
$760,000
Change: -11% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$760,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$153 / 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
$12,298
Tax year 2022
Assessed value
$221,760
Assessed 2023
Previous assessed
$198,040
+12.0% YoY
Effective rate
5.55%
On assessed value
Assessed land
$75,603
Assessed improvement
$146,157
Land market value
$309,900
Improvement market value
$599,100
Total market value
$909,000
Applied tax rate
6.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
5,374 SF
Lot
0.4 ac (17,219 SF)
Zoning code
C2
APN
12-00-23-4-010-015.001
UPID
US03-0239295
Jurisdiction
JEFFERSON
Zoning & alternative use
C2 · Trussville, AL
Zoning C2 · permitted uses
C2 · Trussville, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Trussville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$855,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$760,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$760,000
MEDICAL BUILDING Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
2003
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
City Of Trussville
Entity
Free & Clear · 5 yrs held
Mailing address
123 N CHALKVILLE RD #1, TRUSSVILLE, AL 35173-1376
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 10, 2022
—
Michael Reid Marshall D PC INC
—
Deed
related
$645,799 · First Horizon
Nov 12, 2020
$10,000
City Of Trussville
Reid Marshall I Michael Dmd
Grant Deed
—
Aug 21, 2019
$827,500
Mr Marshall Management LLC
Michael Reid Marshall Dmd PC I
Grant Deed
—
Jul 23, 2018
—
Michael Reid Marshall Dmd PC I
—
Deed
related
$485,000 · Mercantile Cap
Jul 18, 2018
—
Michael Reid Marshall Dmdpc In
—
Deed
related
$402,000 · Miscellaneous Govt Agcy
May 23, 2018
$950,000
Michael Reid Marshall Dmd PC I
Bme Management LLC
Warranty Deed
$388,000 · Mercantile Cap
Apr 12, 2011
—
Bme Mgmt LLC
Owner Name Unavailable
Grant Deed
related
—
Jan 29, 2010
$247,336
Pediatric Dentistry East LLC
Owner Name Unavailable
Grant Deed
related
—
—
—
Michael Reid Marshall Dmdpc In
—
Deed Of Trust
related
$402,000 · Miscellaneous Govt Agcy
—
—
Michael Reid Marshall Dmd PC I
—
Deed Of Trust
related
$485,000 · Mercantile Cap
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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