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Property profile & analytics
OFF-MARKET
Office Spaces
1607 Decatur Hwy Gardendale, AL 35071-2302
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-0976916
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1981
Total area
3,150 SF
Lot
1.26 ac (54,668 SF)
Zoning code
C1
APN
14-00-11-1-001-005.001
UPID
US03-0976916
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
-
Will Hardman - State Farm Insurance Agent Insurance Agency
-
Shawna Holley - State Farm Insurance Agent Insurance Agency
-
Ben Bowen & Associates PC Accounting Firm Tax Preparation
-
4H Properties LLC Construction 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
Hardman Insurance Agency INC · 4 yrs held
Hardman Insurance Agency INC
since 2021
4 recorded transactions
Zoning & alternative use
C1 · Gardendale, 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 Gardendale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gardendale 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
$5,234
Tax year 2022
Assessed value
$97,340
Assessed 2023
Previous assessed
$87,080
+11.8% YoY
Effective rate
5.38%
On assessed value
Assessed land
$44,260
Assessed improvement
$53,080
Land market value
$221,300
Improvement market value
$265,400
Total market value
$486,700
Applied tax rate
10.0000
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
1981
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
3,150 SF
Lot
1.26 ac (54,668 SF)
Zoning code
C1
APN
14-00-11-1-001-005.001
UPID
US03-0976916
Jurisdiction
JEFFERSON
Zoning & alternative use
C1 · Gardendale, AL
Zoning C1 · permitted uses
C1 · Gardendale, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gardendale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1981
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Hardman Insurance Agency INC
Entity
Mailing address
PO BOX 1607, GARDENDALE, AL 35071-1607
Ownership since
2021
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
Dec 17, 2021
—
Hardman Insurance Agency INC
—
Deed
related
$260,000 · Cadence Bank
May 3, 2021
—
Hardman Insurance Agency INC
—
Deed
related
$214,297 · Pinnacle Bank
May 26, 2016
—
Hardman Insurance Agency INC
—
Deed
related
$280,000 · Peoples Bk/al
—
—
Hardman Insurance Agency INC
—
Loan Modification
related
$280,000 · Peoples Bk/al
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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