Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,200,000
Office buildings
200 Commerce Dr Pelham, AL 35124-4829
Trust Owned
5-yr Hold
Free & Clear
Property ID
US03-0485920
Property summary
AI-generated overview
This exceptional 18,525-square-foot industrial building, situated on 1.79 acres in Pelham, Alabama, presents a unique leasing opportunity. The property, located at 200 Commerce Dr, 35124, offers a flexible layout previously configured as multi-tenant, easily adaptable to a single tenant's needs. The building boasts a two-story design with 20-foot ceilings and three grade-level roll-up doors, providing ample access for loading and unloading. The fully fenced lot ensures security and offers convenient access to I-65, situated off the Pelham Tank Farm exit. This prime location is adjacent to Sunbelt Rentals, offering added convenience. The building is available for occupancy November 1, 2024. Detailed floor plans are available upon request. This property is classified as Flex, Manufacturing, and Warehouse space and is located in the Birmingham submarket within Shelby County. The building is a single-tenant space.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1997
Total area
11,600 SF
Lot
1.56 ac (67,954 SF)
APN
136134002006009
UPID
US03-0485920
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
-
Marcum Electric Electrical Service General Contractor
-
Miller Electric Company Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.15M
Blend (final)
Blend
$1.20M
Owner & transaction history
Management,robert C B Trust · 5 yrs held
Management,robert C B Trust
since 2020
Last sale
$1.3M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+5.2%
Retail stores
$1.5M
+1.4%
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 Pelham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Pelham 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
$1,460,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,430,000
Current use
COMMERCIAL (GENERAL)
$1,500,000
Change: +5% · Conversion: Easy
RETAIL STORES
$1,450,000
Change: +1% · Conversion: Moderate
Blend value · Realmo final
$1.20M
Range $1.08M – $1.32M · ±10% · vs last sale $1.25M (Oct 9 2020)
Last sale anchor
$1.25M
Oct 9 2020
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
$103 / 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
$12,173
Tax year 2023
Assessed value
$209,880
Assessed 2023
Previous assessed
$209,880
+0.0% YoY
Effective rate
5.80%
On assessed value
Land market value
$282,690
Improvement market value
$766,630
Total market value
$1,049,320
Applied tax rate
8.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1997
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
2
Rooms
8
Bathrooms
2
Total area
11,600 SF
Lot
1.56 ac (67,954 SF)
APN
136134002006009
UPID
US03-0485920
Jurisdiction
SHELBY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Rooms
8
Bathrooms
2
Lot
1.56 ac
Current owner
From public records · entity-resolved
Management,robert C B Trust
Trust
Free & Clear · 5 yrs held
Mailing address
PO BOX 12081, BIRMINGHAM, AL 35202-2081
Ownership since
2020
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
Oct 9, 2020
$1,250,000
Management,robert C B Trust
Gsc Properties LLC
Warranty Deed
—
Feb 15, 1999
—
Gsc Properties LLC
Owner Name Unavailable
Grant Deed
related
—
Sep 27, 1996
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Jul 20, 1993
—
Owner Name Unavailable
Owner Name Unavailable
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 200 Commerce Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
