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Property profile & analytics
OFF-MARKET
Estimated value
$2,930,000
Investment properties
1874 Slaughter Rd Madison, AL 35758-5906
Entity Owned
Absentee Owner
Free & Clear
Property ID
US03-0440760
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2004
Construction
WOOD
Total area
24,554 SF
Lot
2 ac (87,120 SF)
APN
15-08-27-0-001-038.000
UPID
US03-0440760
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
-
Smith Enterprises Inc Hardware & Home Improvement HVAC Service
-
Mark Berryman - COUNTRY Financial representative Insurance Agency
-
Appear Social Marketing & Advertising
-
Russell S. Ormstedt, Attorney at Law Law Firm
-
Sara Odes - COUNTRY Financial Agent Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.93M
Owner & transaction history
Marsee & Cheek INC
Marsee & Cheek INC
since 2025
7 recorded transactions
Zoning & alternative use
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
$119 / 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
$31,026
Tax year 2023
Assessed value
$441,920
Assessed 2023
Previous assessed
$403,900
+9.4% YoY
Effective rate
7.02%
On assessed value
Assessed land
$52,280
Assessed improvement
$389,640
Land market value
$261,400
Improvement market value
$1,948,200
Total market value
$2,209,600
Applied tax rate
5.0000
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
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
2004
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Bathrooms
1
Total area
24,554 SF
Lot
2 ac (87,120 SF)
APN
15-08-27-0-001-038.000
UPID
US03-0440760
Jurisdiction
MADISON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
2004
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Bathrooms
1
Lot
2 ac
Current owner
From public records · entity-resolved
Marsee & Cheek INC
Entity
Free & Clear · 0 yrs held
Mailing address
804 RAINBOW RDG WAY, MADISON, AL 35758-7547
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2025
—
Marsee & Cheek INC
Marsee & Cheek Reverse LLC
Warranty Deed
—
Nov 26, 2025
$4,200,000
Marsee & Cheek Reverse LLC
Bama Jammer LLC
Warranty Deed
$3,150,000 · Servisfirst Bank
Apr 20, 2020
—
Bama Jammer LLC
—
Deed
related
$1,348,250 · First Nat'l Bk/pulaski Tn
Feb 19, 2019
—
Bama Jammer Lc
—
Deed
related
$1,366,700 · Bancorpsouth
Dec 4, 2018
—
Lucast T Green
Mary A Broyles
Warranty Deed
—
Nov 12, 2015
$2,000,000
Bama Jammer LLC
1874 LLC
Deed
—
May 4, 2007
—
1874 LLC
—
Trustees Deed
related
$425,000 · First Commercial Bank
Dec 1, 2005
—
1874 LLC
Diversified Building Svcs INC
Grant Deed
$1,600,000 · First Commercial Bank
—
—
Bama Jammer Lc
—
Deed Of Trust
related
$1,366,700 · Bancorpsouth
—
—
Bama Jammer LLC
—
Deed Of Trust
related
$1,348,250 · First Nat'l Bk/pulaski Tn
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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