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Property profile & analytics
FOR LEASE
Investment properties
21 Shell St Saraland, AL 36571
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-1673523
For Lease
$6,930,000
21 Shell St, Saraland, AL 36571
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2018
Total area
46,943 SF
Lot
10.11 ac (440,304 SF)
APN
22 03 07 1 000 001.016
UPID
US03-1673523
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
$9.61M
Comparable Approach
Comparable
$6.80M
Blend (final)
Blend
$6.93M
Owner & transaction history
Sandefur Properties LLC · 7 yrs held
Sandefur Properties LLC
since 2018
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$9.5M
+128.8%
Restaurant
$9.0M
+116.2%
Retail stores
$8.1M
+94.5%
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 Saraland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saraland 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%
$10,415,000
6.5%
$9,610,000
7%
$8,925,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,160,000
Current use
MEDICAL BUILDING
$9,520,000
Change: +129% · Conversion: Easy
RESTAURANT
$8,995,000
Change: +116% · Conversion: Difficult
RETAIL STORES
$8,090,000
Change: +95% · Conversion: Easy
OFFICE BUILDING
$5,035,000
Change: +21% · Conversion: Easy
Blend value · Realmo final
$6.93M
Range $6.24M – $7.62M · ±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
$148 / 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
$142,602
Tax year 2023
Assessed value
$2,396,680
Assessed 2023
Previous assessed
$2,396,680
+0.0% YoY
Effective rate
5.95%
On assessed value
Assessed land
$440,340
Assessed improvement
$1,956,340
Land market value
$2,201,700
Improvement market value
$9,781,700
Total market value
$11,983,400
Applied tax rate
16.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
2018
Heating
NONE
Buildings
2
Stories
1
Bathrooms
15
Total area
46,943 SF
Lot
10.11 ac (440,304 SF)
APN
22 03 07 1 000 001.016
UPID
US03-1673523
Jurisdiction
MOBILE
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
$4.2M
MEDICAL BUILDING
Est. value
$9.5M
RESTAURANT
Est. value
$9.0M
RETAIL STORES
Est. value
$8.1M
OFFICE BUILDING
Est. value
$5.0M
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RESTAURANT
RETAIL STORES
OFFICE 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
2018
Heating
NONE
Stories
1
Buildings
2
Bathrooms
15
Lot
10.11 ac
Current owner
From public records · entity-resolved
Sandefur Properties LLC
Entity
Mailing address
1806 ALAQUA LKS BLVD, LONGWOOD, FL 32779-3162
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 11, 2018
$505,000
Sandefur Properties LLC
Saraland Retail Investments LLC
Special Warranty Deed
$25,000 · Pacific Premier Bank
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?”
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