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Property profile & analytics
OFF-MARKET
Estimated value
$1,245,000
Drive through restaurants
1888 Us Hwy 431 Boaz, AL 35957-5900
Entity Owned
Absentee Owner
Free & Clear
Property ID
US03-0618328
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2003
Total area
1,848 SF
Lot
0.72 ac (31,440 SF)
Zoning code
12
APN
18-09-31-1-001-002.016
UPID
US03-0618328
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
$1.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$748k
Blend (final)
Blend
$1.25M
Owner & transaction history
Soar Restaurants II LLC
Soar Restaurants II LLC
since 2026
Last sale
$1.3M
5 recorded transactions
Zoning & alternative use
12 · Boaz, AL
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 Boaz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Boaz 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
$1,140,000
ML approach
$1,170,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.25M
Range $1.12M – $1.37M · ±10% · vs last sale $1.33M (Jan 27 2025)
Last sale anchor
$1.33M
Jan 27 2025
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
$674 / 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
$6,722
Tax year 2023
Assessed value
$134,440
Assessed 2023
Previous assessed
$134,440
+0.0% YoY
Effective rate
5.00%
On assessed value
Assessed land
$44,780
Assessed improvement
$89,660
Land market value
$223,900
Improvement market value
$448,300
Total market value
$672,200
Applied tax rate
12.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2003
Heating
FORCED AIR
Cooling
YES
Stories
1
Units
1
Total area
1,848 SF
Lot
0.72 ac (31,440 SF)
Zoning code
12
APN
18-09-31-1-001-002.016
UPID
US03-0618328
Jurisdiction
MARSHALL
Zoning & alternative use
12 · Boaz, ALZoning 12 · permitted uses
12 · Boaz, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
2021 1154 Zoning Ordinance
Building & site characteristics
From public records
Year built
2003
Heating
FORCED AIR
Cooling
Yes
Stories
1
Units
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Soar Restaurants II LLC
Entity
Free & Clear · 0 yrs held
Mailing address
707 FAIRFIELD DR SW, JACKSONVILLE, AL 36265-3360
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
Mar 4, 2026
—
Soar Restaurants II LLC
Rnl 2025e Owner LLC
Deed
—
Jan 27, 2026
—
Rnl 2025e Owner LLC
Cmg Sonic Re LLC
Special Warranty Deed
—
Jan 27, 2025
$1,333,334
Cmg Sonic Re LLC
Phyllis T Coleman
Special Warranty Deed
—
Dec 15, 2017
—
Phyllis Coleman
—
Grant Deed
related
$1,368,000 · Regions Bk
Dec 22, 2006
—
Phyllis Coleman
Lowe,elizabeth J
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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