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Property profile & analytics
OFF-MARKET
Office Spaces
1516 9th St Leeds, AL 35094-2255
Entity Owned
1-yr Hold
Free & Clear
Property ID
US03-0449737
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1950
Total area
1,836 SF
Lot
0.06 ac (2,500 SF)
Zoning code
M1
APN
25-00-21-1-023-017.000
UPID
US03-0449737
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
-
Community Utilities Of Alabama Inc Water Utility Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
8377 Railroad Avenue LLC · 1 yrs held
8377 Railroad Avenue LLC
since 2025
Last sale
$102,300
4 recorded transactions
Zoning & alternative use
M1 · Leeds, 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 Leeds submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Leeds 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$1,461
Tax year 2022
Assessed value
$33,520
Assessed 2023
Previous assessed
$24,640
+36.0% YoY
Effective rate
4.36%
On assessed value
Assessed land
$1,620
Assessed improvement
$31,900
Land market value
$8,100
Improvement market value
$159,500
Total market value
$167,600
Applied tax rate
15.0000
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
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1950
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
1,836 SF
Lot
0.06 ac (2,500 SF)
Zoning code
M1
APN
25-00-21-1-023-017.000
UPID
US03-0449737
Jurisdiction
JEFFERSON
Zoning & alternative use
M1 · Leeds, AL
Zoning M1 · permitted uses
M1 · Leeds, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Leeds. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
8377 Railroad Avenue LLC
Entity
Free & Clear · 1 yrs held
Mailing address
500 W MONROE ST STE #3600, CHICAGO, IL 60661-3779
Ownership since
2025
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
Jun 20, 2025
$102,300
8377 Railroad Avenue LLC
Ta Real Estate Holginds LLC
Warranty Deed
—
Oct 12, 2017
$50,600
Community Utilities Of Alabama In
Posey Family Trust
Warranty Deed
—
Apr 1, 2004
$78,000
Posey Family Trust
Price,mathalia S
Warranty Deed
$35,000 · Mathalia S Price
May 1, 1997
$55,090
New Owner
First Real Estat
Grant 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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