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Property profile & analytics
OFF-MARKET
Estimated value
$1,620,000
Investment properties
2111 Old Montgomery Hwy, Pelham, AL 35124-1136
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US03-0759746
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1999
Total area
18,913 SF
Lot
1.76 ac (76,666 SF)
APN
117361001015005
UPID
US03-0759746
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
-
All In Wholesale Big Box & Wholesale Store
-
All In One Wholesale Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.79M
Blend (final)
Blend
$1.62M
Owner & transaction history
Plott Properties LLC · 6 yrs held
Plott Properties LLC
since 2020
Last sale
$1.4M
7 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 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
$1,665,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,450,000
Current use
RETAIL STORES
$2,360,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$2,330,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.46M – $1.78M · ±10% · vs last sale $1.43M (Jan 13 2020)
Last sale anchor
$1.43M
Jan 13 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
$86 / 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
$18,048
Tax year 2023
Assessed value
$311,180
Assessed 2023
Previous assessed
$311,180
+0.0% YoY
Effective rate
5.80%
On assessed value
Land market value
$477,870
Improvement market value
$1,078,030
Total market value
$1,555,900
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1999
Heating
YES
Cooling
YES
Stories
1
Rooms
3
Bathrooms
1
Total area
18,913 SF
Lot
1.76 ac (76,666 SF)
APN
117361001015005
UPID
US03-0759746
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
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
RETAIL STORES
Est. value
$2.4M
OFFICE BUILDING
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
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
1999
Heating
YES
Cooling
Yes
Stories
1
Rooms
3
Bathrooms
1
Lot
1.76 ac
Current owner
From public records · entity-resolved
Plott Properties LLC
Entity
Mailing address
1508 HIGH FRST DR N, TUSCALOOSA, AL 35406-2154
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2020
$1,425,000
Plott Properties LLC
All For E LLC
Warranty Deed
$1,165,000 · Bankfirst Financial Services
Aug 23, 2018
$1,225,000
All For E LLC
Unfinished Building LLC
Grant Deed
—
Aug 23, 2018
—
E LLC
—
Deed
related
$1,247,000 · Bryant Bk
Jun 26, 2018
—
Unfinished Building LLC
Ashaz Properties LLC
Quit Claim Deed
related
—
Jun 4, 2018
$1,225,000
Ashaz Properties LLC
Unifinished Building LLC
Warranty Deed
$918,750 · Wells Fargo Bank NA
May 7, 2008
$1,020,000
Unfinished Building LLC
Kopp Ents LLC
Warranty Deed
$1,120,000 · Alabama Trust Bank
—
—
E LLC
—
Deed Of Trust
related
$1,247,000 · Bryant 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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