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Property profile & analytics
OFF-MARKET
Estimated value
$955,000
Distribution centers
1409 Commerce Blvd Anniston, AL 36207-9407
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-1210875
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1993
Construction
METAL FRAME
Total area
15,000 SF
Lot
3.87 ac (168,708 SF)
APN
21-05-22-0-003-001.015
UPID
US03-1210875
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
-
PlaceWing Auto Repair Shop
-
Strata Solar Production Facility
-
Auto Collision Experts LLC. Auto Repair Shop
-
Gerber Collision & Glass Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$955k
Owner & transaction history
Realty Income Properties 19 LLC · 4 yrs held
Realty Income Properties 19 LLC
since 2022
Last sale
$917,328
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.2M
+7.9%
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 Anniston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Anniston 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
$940,000
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,040,000
7%
$965,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,145,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,235,000
Change: +8% · Conversion: Difficult
RETAIL STORES
$1,000,000
Change: -13% · Conversion: Moderate
COMMERCIAL (GENERAL)
$960,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$955k
Range $860k – $1.05M · ±10% · vs last sale $917k (Apr 14 2022)
Last sale anchor
$917k
Apr 14 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
$64 / 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
$12,468
Tax year 2023
Assessed value
$228,772
Assessed 2023
Previous assessed
$228,772
+0.0% YoY
Effective rate
5.45%
On assessed value
Assessed land
$47,040
Assessed improvement
$181,732
Land market value
$235,200
Improvement market value
$908,660
Total market value
$1,143,860
Applied tax rate
32.0000
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1993
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
15,000 SF
Lot
3.87 ac (168,708 SF)
APN
21-05-22-0-003-001.015
UPID
US03-1210875
Jurisdiction
CALHOUN
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
WAREHOUSE, STORAGE Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$960,000
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1993
Construction
METAL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
3.87 ac
Current owner
From public records · entity-resolved
Realty Income Properties 19 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
1745 ELLICE AVE UNIT 1ST MB
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2022
$917,328
Realty Income Properties 19 LLC
Gerber Real Estate INC
Special Warranty Deed
—
Aug 22, 2019
$950,000
Gerber Real Estate INC
Kevin Broadaway
Warranty Deed
—
Nov 27, 2017
$500,000
Justin Maynor
Westmoreland Co INC
Warranty Deed
—
Nov 27, 2017
—
Kevin W Broadaway
—
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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