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Property profile & analytics
OFF-MARKET
Estimated value
$29,910,000
Manufacturing properties
12400 Hwy 43rd N Axis, AL 36505-4308
Entity Owned
9-yr Hold
Free & Clear
Property ID
US03-1692199
Property profile
Verified
Property type
Manufacturing properties
Use group
HEAVY MANUFACTURING
Year built
2001
Total area
426,573 SF
Lot
498 ac (21,692,880 SF)
APN
11 04 19 0 000 001.001
UPID
US03-1692199
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
$30.83M
Comparable Approach
Comparable
$31.94M
Blend (final)
Blend
$29.91M
Owner & transaction history
SSAB ALABAMA INC
SSAB ALABAMA INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$45.8M
+49.3%
Commercial (general)
$37.8M
+23.3%
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 Axis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Axis 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%
$33,395,000
6.5%
$30,825,000
7%
$28,625,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$30,655,000
Current use
OFFICE BUILDING
$45,770,000
Change: +49% · Conversion: Difficult
COMMERCIAL (GENERAL)
$37,805,000
Change: +23% · Conversion: Difficult
WAREHOUSE, STORAGE
$25,695,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$29.91M
Range $26.92M – $32.90M · ±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
$70 / 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
$1,188,866
Tax year 2023
Assessed value
$24,457,840
Assessed 2023
Previous assessed
$24,457,840
+0.0% YoY
Effective rate
4.86%
On assessed value
Assessed land
$2,834,280
Assessed improvement
$21,623,560
Land market value
$14,171,400
Improvement market value
$108,117,800
Total market value
$122,289,200
Applied tax rate
10.0000
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
Manufacturing properties
Use group
HEAVY MANUFACTURING
Status
Off-Market
Year built
2001
Heating
FORCED AIR
Cooling
YES
Buildings
84
Stories
2
Bathrooms
12
Total area
426,573 SF
Lot
498 ac (21,692,880 SF)
APN
11 04 19 0 000 001.001
UPID
US03-1692199
Jurisdiction
MOBILE
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
INDUSTRIAL (GENERAL) Current
Est. value
$30.7M
OFFICE BUILDING
Est. value
$45.8M
COMMERCIAL (GENERAL)
Est. value
$37.8M
WAREHOUSE, STORAGE
Est. value
$25.7M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
84
Bathrooms
12
Lot
498 ac
Current owner
From public records · entity-resolved
SSAB ALABAMA INC
Entity
Free & Clear · 0 yrs held
Mailing address
12400 HWY 43RD N, AXIS, AL 36505-4308
Mailing matches property
Yes
Owner-occupied
Yes
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
No recorded transactions
No recorded transactions found for this property.
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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