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Property profile & analytics
OFF-MARKET
Estimated value
$6,085,000
Banks
2129 Helton Dr Florence, AL 35630-1069
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US03-0260087
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1993
Total area
22,405 SF
Lot
5 ac (217,800 SF)
Zoning code
2
APN
15-07-35-3-002-005-001
UPID
US03-0260087
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
-
Dr. Charles Marchman Physician
-
Joachim Postel Physician Hospital
-
John Bartmess Physician
-
Clement Neal MD Physician
-
Peter Pons, MD Physician Hospital
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.53M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.09M
Owner & transaction history
2129 Helton Drive Owner LLC · 4 yrs held
2129 Helton Drive Owner LLC
since 2021
Last sale
$6.4M
2 recorded transactions
Zoning & alternative use
2 · Florence, AL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.5M
+133.9%
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 Florence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florence 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
$6,020,000
ML approach
$5,525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$7,505,000
Change: +134% · Conversion: Difficult
Blend value · Realmo final
$6.09M
Range $5.48M – $6.69M · ±10% · vs last sale $6.40M (Sep 23 2021)
Last sale anchor
$6.40M
Sep 23 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
$272 / 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
$47,771
Tax year 2023
Assessed value
$12,500
Assessed 2023
Previous assessed
$974,920
-98.7% YoY
Effective rate
382.17%
On assessed value
Assessed land
$12,500
Land market value
$62,500
Improvement market value
$4,812,140
Total market value
$4,874,640
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1993
Heating
FORCED AIR
Cooling
YES
Stories
1
Total area
22,405 SF
Lot
5 ac (217,800 SF)
Zoning code
2
APN
15-07-35-3-002-005-001
UPID
US03-0260087
Jurisdiction
LAUDERDALE
Zoning & alternative use
2 · Florence, AL
Zoning 2 · permitted uses
2 · Florence, AL
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Florence. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$7.5M
RESTAURANT
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
1993
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
5 ac
Current owner
From public records · entity-resolved
2129 Helton Drive Owner LLC
Entity
Mailing address
14400 METCALF AVE, OVERLAND PARK, KS 66223-2989
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
Sep 23, 2021
$6,400,000
2129 Helton Drive Owner LLC
Helton Landco LLC
Special Warranty Deed
$7,040,000 · Capital One NA
Jan 25, 2018
$3,600,000
2129 Helton Landco LLC
North Alabama Bone & Joint Clinic L
Warranty Deed
$2,900,000 · Key Bank NA
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
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