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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Retail space
200 Main W St Hartselle, AL 35640-2418
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-1781655
Property summary
AI-generated overview
This exceptional 8,000-square-foot vacant commercial property, located at 200 Main St W in Hartselle, Alabama (zip code 35640), presents a unique investment opportunity. Situated in the heart of downtown Hartselle's historic district, this single-story, 1919 building boasts a prominent corner location at the intersection of Main Street and Sparkman Street, ensuring high visibility and foot traffic. The property is zoned M1 and features a fully equipped kitchen, perfect for a restaurant or bar concept. A spacious loft area adds versatility and potential for expansion. Convenient street parking is available, supplemented by a rear parking lot. All utilities are readily accessible. This property offers significant potential for a variety of businesses, capitalizing on the revitalization and growth currently underway in the area. The seller is open to negotiating the sale of existing personal property. The asking price for this 8,000-square-foot space is $625,000. Don't miss this chance to establish your business in a thriving downtown location.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
3,941 SF
APN
15-02-10-4-010-001.000
UPID
US03-1781655
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
-
Hartselle Fire Department Fire Station
-
Moe's Original BBQ Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$460k
CAP Approach
CAP
$500k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Bmh Property LLC · 4 yrs held
Bmh Property LLC
since 2021
Last sale
$525,000
2 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 Hartselle submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hartselle 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
$540,000
ML approach
$460,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$500,000
7%
$465,000
Alternative Use
Use
Estimation
RETAIL STORES
$410,000
Current use
COMMERCIAL (GENERAL)
$380,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$510k
Range $459k – $561k · ±10% · vs last sale $525k (Dec 21 2021)
Last sale anchor
$525k
Dec 21 2021
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
$129 / 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
$1,269
Tax year 2023
Assessed value
$32,200
Assessed 2023
Previous assessed
$32,200
+0.0% YoY
Effective rate
3.94%
On assessed value
Assessed land
$3,660
Assessed improvement
$28,540
Land market value
$18,300
Improvement market value
$142,700
Total market value
$161,000
Applied tax rate
9.0000
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
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GRAVITY
Cooling
YES
Stories
1
Rooms
4
Total area
3,941 SF
APN
15-02-10-4-010-001.000
UPID
US03-1781655
Jurisdiction
MORGAN
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
RETAIL STORES Current
Est. value
$410,000
COMMERCIAL (GENERAL)
Est. value
$380,000
RETAIL STORES Current
COMMERCIAL (GENERAL)
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
1919
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
GRAVITY
Cooling
Yes
Stories
1
Rooms
4
Current owner
From public records · entity-resolved
Bmh Property LLC
Entity
Mailing address
315 WILSON ST NE, DECATUR, AL 35601-1963
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2021
$525,000
Bmh Property LLC
Tnr Properties LLC
Warranty Deed
$446,250 · Bmh Property LLC
Dec 16, 2009
—
Sandra M Smith
Sandra M Smith
Joint Tenancy 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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