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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Investment properties
1601 9th St Leeds, AL 35094-4138
Individually Owned
10-yr Hold
Free & Clear
Property ID
US03-0036848
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1975
Total area
3,025 SF
Lot
0.29 ac (12,500 SF)
Zoning code
M1
APN
25-00-21-1-014-006.000
UPID
US03-0036848
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
-
L. A. Salon Flowers & Boutique Tanning Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$754k
Blend (final)
Blend
$540k
Owner & transaction history
Linda S Miller · 10 yrs held
Linda S Miller
since 2016
4 recorded transactions
Zoning & alternative use
M1 · Leeds, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$480,000
+9.0%
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
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
COMMERCIAL (GENERAL)
$440,000
Current use
MEDICAL BUILDING
$480,000
Change: +9% · Conversion: Easy
AUTO REPAIR, GARAGE
$430,000
Change: -3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$425,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±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
$179 / 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
$2,874
Tax year 2022
Assessed value
$63,980
Assessed 2023
Previous assessed
$48,460
+32.0% YoY
Effective rate
4.49%
On assessed value
Assessed land
$3,760
Assessed improvement
$60,220
Land market value
$18,800
Improvement market value
$301,100
Total market value
$319,900
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1975
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
3,025 SF
Lot
0.29 ac (12,500 SF)
Zoning code
M1
APN
25-00-21-1-014-006.000
UPID
US03-0036848
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.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$440,000
MEDICAL BUILDING
Est. value
$480,000
AUTO REPAIR, GARAGE
Est. value
$430,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$425,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1975
Heating
SPACE
Cooling
Yes
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Linda S Miller
Individual
Free & Clear · 10 yrs held
Mailing address
PO BOX 190, LEEDS, AL 35094-0003
Ownership since
2016
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
May 17, 2016
$92,000
Linda S Miller
Miller,linda S & Gerald W
Warranty Deed
—
Jul 10, 2009
—
Kmj Ents LLC
Owner Name Unavailable
Grant Deed
related
—
Jan 17, 2006
$119,400
Trammell,ed
Historic Leeds LLC
Warranty Deed
$101,150 · Metropolitan Bk
Apr 8, 2004
$115,000
Historic Leeds LLC
Hagwood,margaret E
Warranty 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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