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Property profile & analytics
OFF-MARKET
Estimated value
$8,525,000
Retail properties & Spaces
129 Smt Blvd Vestavia, AL 35243-3172
Individually Owned
10-yr Hold
Free & Clear
Property ID
US03-0859044
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2001
Construction
STEEL FRAME
Total area
102,647 SF
Lot
1.48 ac (64,599 SF)
Zoning code
B2
APN
28-00-27-1-000-002.002
UPID
US03-0859044
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
-
LUXE by Tonyajones Hair Salon Nail Salon
-
Saks Fifth Avenue Department Store
-
David Yurman at Saks Fifth Avenue (Bike/Boat/Book/etc) Store
-
Louis Vuitton Birmingham Saks Department Store Clothing & Fashion Store
-
Butler's Grooming LLC Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.72M
Blend (final)
Blend
$8.53M
Owner & transaction history
Saks Fifth Avenue Real Prop Ll · 10 yrs held
Saks Fifth Avenue Real Prop Ll
since 2015
2 recorded transactions
Zoning & alternative use
B2 · Vestavia, 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 Vestavia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vestavia 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
RETAIL STORES
$12,555,000
Current use
Blend value · Realmo final
$8.53M
Range $7.67M – $9.38M · ±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
$83 / 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
$113,499
Tax year 2022
Assessed value
$1,715,960
Assessed 2023
Previous assessed
$1,715,960
+0.0% YoY
Effective rate
6.61%
On assessed value
Assessed land
$96,900
Assessed improvement
$1,619,060
Land market value
$484,500
Improvement market value
$8,095,300
Total market value
$8,579,800
Applied tax rate
30.0000
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2001
Construction
STEEL FRAME
Heating
YES
Cooling
YES
Stories
2
Bathrooms
1
Total area
102,647 SF
Lot
1.48 ac (64,599 SF)
Zoning code
B2
APN
28-00-27-1-000-002.002
UPID
US03-0859044
Jurisdiction
JEFFERSON
Zoning & alternative use
B2 · Vestavia, AL
Zoning B2 · permitted uses
B2 · Vestavia, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Vestavia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$12.6M
RETAIL STORES Current
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
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
2
Bathrooms
1
Lot
1.48 ac
Current owner
From public records · entity-resolved
Saks Fifth Avenue Real Prop Ll
Individual
Free & Clear · 10 yrs held
Mailing address
5065 MAIN ST, TRUMBULL, CT 06611-4204
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2015
$6,785,000
Saks Fifth Avenue Real Prop Ll
Saks Fifth Avenue INC
Warranty Deed
related
—
—
—
Saks Fifth Ave Real Prop LLC
—
Deed Of Trust
related
$150,000,000 · Pathlight Capital LP
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.
Try Rey
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