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Property profile & analytics
OFF-MARKET
Estimated value
$8,390,000
Retail space
1560 Montclair Rd Irondale, AL 35210-2230
Entity Owned
4-yr Hold
Free & Clear
Property ID
US03-0517503
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2002
Total area
14,392 SF
Lot
1.2 ac (52,141 SF)
Zoning code
QB2
APN
23-00-26-3-005-004.000
UPID
US03-0517503
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
$7.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.39M
Owner & transaction history
Nacona LP · 4 yrs held
Nacona LP
since 2022
Last sale
$9.5M
5 recorded transactions
Zoning & alternative use
QB2 · Irondale, 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 Irondale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irondale 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
$7,335,000
ML approach
$7,265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.39M
Range $7.55M – $9.23M · ±10% · vs last sale $9.49M (Apr 6 2022)
Last sale anchor
$9.49M
Apr 6 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
$583 / 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
$31,466
Tax year 2022
Assessed value
$539,800
Assessed 2023
Previous assessed
$434,020
+24.4% YoY
Effective rate
5.83%
On assessed value
Assessed land
$191,800
Assessed improvement
$348,000
Land market value
$959,000
Improvement market value
$1,740,000
Total market value
$2,699,000
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 space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2002
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
14,392 SF
Lot
1.2 ac (52,141 SF)
Zoning code
QB2
APN
23-00-26-3-005-004.000
UPID
US03-0517503
Jurisdiction
JEFFERSON
Zoning & alternative use
QB2 · Irondale, AL
Zoning QB2 · permitted uses
QB2 · Irondale, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Irondale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2002
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Nacona LP
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 1159, DEERFIELD, IL 60015-6002
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2022
$9,485,417
Nacona LP
Cardinal Green Investments LLC
Warranty Deed
—
Mar 30, 2022
$7,138,000
Cardinal Green Investments LLC
1560 Montclair Road Birmingham LLC
Warranty Deed
$6,095,080 · Northern Trust
Jul 19, 2021
$5,281,680
1560 Montclair Road Birmingham LLC
Hollywood Birmingham Montclair LLC
Warranty Deed
—
Mar 31, 2015
$7,511,000
Hollywood Birmingham Montclair
540-a Highlands INC
Warranty Deed
$5,500,000 · Morgan Stanley Bk
Jan 14, 2002
$3,428,000
540-a Highlands INC
Montclair,oporto
Grant Deed
—
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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