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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Retail space
1913 Lurleen B Wallace Blvd Northport, AL 35476-4844
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US03-2432254
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2017
Construction
WOOD
Total area
11,018 SF
Lot
1.07 ac (46,653 SF)
Zoning code
C-3
APN
31-05-15-2-004-001.000
UPID
US03-2432254
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.17M
Blend (final)
Blend
$880k
Owner & transaction history
Almon Properties LLC · 8 yrs held
Almon Properties LLC
since 2017
7 recorded transactions
Zoning & alternative use
C-3 · Northport, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+24.0%
Commercial (general)
$1.2M
+14.8%
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 Northport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Northport 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
RETAIL STORES
$1,040,000
Current use
OFFICE BUILDING
$1,290,000
Change: +24% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,195,000
Change: +15% · Conversion: Easy
MEDICAL BUILDING
$995,000
Change: -4% · Conversion: Difficult
Blend value · Realmo final
$880k
Range $792k – $968k · ±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
$80 / 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
$9,753
Tax year 2023
Assessed value
$253,320
Assessed 2023
Previous assessed
$259,920
-2.5% YoY
Effective rate
3.85%
On assessed value
Assessed land
$83,960
Assessed improvement
$169,360
Land market value
$419,800
Improvement market value
$846,800
Total market value
$1,266,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2017
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
1
Rooms
2
Bathrooms
1
Total area
11,018 SF
Lot
1.07 ac (46,653 SF)
Zoning code
C-3
APN
31-05-15-2-004-001.000
UPID
US03-2432254
Jurisdiction
TUSCALOOSA
Zoning & alternative use
C-3 · Northport, AL
Zoning C-3 · permitted uses
C-3 · Northport, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Northport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$995,000
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2017
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Rooms
2
Bathrooms
1
Lot
1.07 ac
Current owner
From public records · entity-resolved
Almon Properties LLC
Entity
Mailing address
PO BOX 20348, TUSCALOOSA, AL 35402-0348
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2019
—
Almon Properties LLC
—
Deed
related
$1,650,000 · Bryant Bank
Aug 21, 2017
$2,500,032
Almon Properties LLC
Jessie Hannah
Deed
$1,200,000 · Bryant Bank
Jan 17, 2017
—
The Broadway Grp LLC
—
Deed
related
$1,800,000 · Servisfirst Bank
Nov 8, 2016
$500
The Broadway Grp LLC
Herbert Harold West
Quit Claim Deed
related
—
Nov 8, 2016
$460,000
The Broadway Grp LLC
Herbert Harold West
Warranty Deed
—
Nov 8, 2016
$95,000
The Broadway Grp LLC
Jessie Hannah
Warranty Deed
—
Nov 25, 2013
—
Jureta T Jones
Howard Durrough
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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