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Property profile & analytics
OFF-MARKET
Estimated value
$975,000
Office Spaces
2010 Old Springville Rd Center Point, AL 35215-5067
Entity Owned
20-yr Hold
~
Est. High Equity
Property ID
US03-0021304
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1998
Total area
9,556 SF
Lot
1.38 ac (59,982 SF)
Zoning code
C1
APN
12-00-17-4-000-015.000
UPID
US03-0021304
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
$1.30M
Blend (final)
Blend
$975k
Owner & transaction history
Palm Tree Properties INC · 20 yrs held
Palm Tree Properties INC
since 2006
7 recorded transactions
Zoning & alternative use
C1 · Center Point, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.6M
+190.3%
Auto repair, garage
$1.5M
+179.5%
Retail stores
$1.2M
+112.3%
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 Center Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Center Point 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
OFFICE BUILDING
$1,600,000
Change: +190% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,540,000
Change: +180% · Conversion: Difficult
RETAIL STORES
$1,170,000
Change: +112% · Conversion: Easy
Blend value · Realmo final
$975k
Range $878k – $1.07M · ±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
$102 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$4,441
Tax year 2022
Assessed value
$98,200
Assessed 2023
Previous assessed
$88,640
+10.8% YoY
Effective rate
4.52%
On assessed value
Assessed land
$23,400
Assessed improvement
$74,800
Land market value
$117,000
Improvement market value
$374,000
Total market value
$491,000
Applied tax rate
1.0000
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 Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
1
Total area
9,556 SF
Lot
1.38 ac (59,982 SF)
Zoning code
C1
APN
12-00-17-4-000-015.000
UPID
US03-0021304
Jurisdiction
JEFFERSON
Zoning & alternative use
C1 · Center Point, AL
Zoning C1 · permitted uses
C1 · Center Point, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Center Point. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
RETAIL STORES
Est. value
$1.2M
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
1
Lot
1.38 ac
Current owner
From public records · entity-resolved
Palm Tree Properties INC
Entity
Mailing address
2010 OLD SPRINGVILLE RD STE #100, CENTER POINT, AL 35215-5068
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 6, 2021
—
Palm Tree Properties INC
—
Deed
related
$200,000 · Union State Bank
Jul 18, 2019
—
Palm Tree Properties INC
—
Deed
related
$100,000 · Union State Bank
Feb 28, 2006
$408,300
Palm Tree Properties INC
H & W Properties INC
Warranty Deed
$315,000 · Regions Bk/norcross Ga
Jan 25, 2006
$67,300
Matthews,ralph
Nichols,perry J & Michelle R
Warranty Deed
$66,260 · Wachovia Mtg Corp/ft Lauderdal
Nov 1, 1990
$39,500
Bobby J Hornsby
—
Deed Of Trust
related
—
—
—
Palm Tree Properties INC
—
Loan Modification
related
$242,000 · Regions Bk/norcross Ga
—
—
Bobby J Hornsby
—
Deed Of Trust
related
$444,000 · Union St Bk
—
—
Palm Tree Properties INC
—
Deed Of Trust
related
$100,000 · Union St Bk
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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