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Property profile & analytics
OFF-MARKET
Estimated value
$5,970,000
Commercial real estate
2004 Airport SW Rd Huntsville, AL 35801-5338
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US03-0188071
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2019
Construction
WOOD
Total area
32,931 SF
Lot
3 ac (130,680 SF)
APN
17-06-13-0-000-015.001
UPID
US03-0188071
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
-
Christen Roth Pediatrician Medical Clinic
-
Carr, Riggs & Ingram CPAs and Advisors Accounting Firm Tax Preparation
-
Simple Numbers Consultant Financial Advisor
-
Dr. Tyler Green Physician
-
Brian Patz Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.12M
Comparable Approach
Comparable
$8.12M
Blend (final)
Blend
$5.97M
Owner & transaction history
Airport Road Equity Props LLC · 8 yrs held
Airport Road Equity Props LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$7.1M
+44.9%
Office building
$6.2M
+27.3%
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 Huntsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntsville 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%
$6,625,000
6.5%
$6,120,000
7%
$5,680,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,880,000
Current use
MEDICAL BUILDING
$7,070,000
Change: +45% · Conversion: Easy
OFFICE BUILDING
$6,210,000
Change: +27% · Conversion: Easy
RETAIL STORES
$4,795,000
Change: -2% · Conversion: Easy
Blend value · Realmo final
$5.97M
Range $5.37M – $6.57M · ±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
$181 / 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
$67,314
Tax year 2023
Assessed value
$1,160,580
Assessed 2023
Previous assessed
$1,058,500
+9.6% YoY
Effective rate
5.80%
On assessed value
Assessed land
$282,260
Assessed improvement
$878,320
Land market value
$1,411,300
Improvement market value
$4,391,600
Total market value
$5,802,900
Applied tax rate
2.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2019
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Bathrooms
1
Total area
32,931 SF
Lot
3 ac (130,680 SF)
APN
17-06-13-0-000-015.001
UPID
US03-0188071
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.9M
MEDICAL BUILDING
Est. value
$7.1M
OFFICE BUILDING
Est. value
$6.2M
RETAIL STORES
Est. value
$4.8M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
OFFICE BUILDING
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
2019
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Bathrooms
1
Lot
3 ac
Current owner
From public records · entity-resolved
Airport Road Equity Props LLC
Entity
Mailing address
7 TOWN CTR DR NW STE #102, HUNTSVILLE, AL 35806-2673
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 31, 2018
—
Airport Road Equity Props LLC
—
Grant Deed
related
$8,670,000 · Servisfirst Bk
Sep 1, 2017
$1,500,000
Airport Road Equity Props LLC
Crye Harold E Living Trust
Trustees Deed
related
$2,065,000 · Servisfirst Bk
May 12, 2015
—
Crye,harold E Living Trust
Hatchett Robert B
Quit Claim Deed
related
—
—
—
Crye,harold E Living Trust
—
Loan Modification
related
$1,403,259 · Cb&s Bk
—
—
Progressive Land Dev LLC
—
Deed Of Trust
related
$500,000 · Hancock Bank Of Louisiana
—
—
Progressive Land Dev LLC
—
Deed Of Trust
related
$100,000 · Hancock Bank Of Louisiana
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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