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Property profile & analytics
OFF-MARKET
Estimated value
$14,585,000
Distribution centers
215 Air Depot Rd Gadsden, AL 35905-1001
Individually Owned
13-yr Hold
Absentee Owner
Free & Clear
Property ID
US03-2426788
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1991
Total area
173,768 SF
Lot
9.78 ac (426,017 SF)
APN
14-04-19-0-001-147.001
UPID
US03-2426788
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
-
Americold Logistics Gadsden Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$14.71M
Comparable Approach
Comparable
$14.46M
Blend (final)
Blend
$14.59M
Owner & transaction history
Art Mortgage Borrower Propco 2013 L · 13 yrs held
Art Mortgage Borrower Propco 2013 L
since 2013
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$19.1M
+95.6%
Restaurant
$14.0M
+43.3%
Medical building
$13.4M
+36.8%
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 Gadsden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gadsden 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%
$15,935,000
6.5%
$14,710,000
7%
$13,660,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,775,000
Current use
OFFICE BUILDING
$19,120,000
Change: +96% · Conversion: Difficult
RESTAURANT
$14,005,000
Change: +43% · Conversion: Difficult
MEDICAL BUILDING
$13,365,000
Change: +37% · Conversion: Difficult
RETAIL STORES
$10,775,000
Change: +10% · Conversion: Moderate
COMMERCIAL (GENERAL)
$10,335,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$14.59M
Range $13.13M – $16.04M · ±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
$84 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$77,915
Tax year 2024
Assessed value
$1,590,100
Assessed 2024
Previous assessed
$1,937,320
-17.9% YoY
Effective rate
4.90%
On assessed value
Assessed land
$11,740
Assessed improvement
$1,578,360
Land market value
$58,700
Improvement market value
$7,891,800
Total market value
$7,950,500
Applied tax rate
13.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1991
Stories
1
Total area
173,768 SF
Lot
9.78 ac (426,017 SF)
APN
14-04-19-0-001-147.001
UPID
US03-2426788
Jurisdiction
ETOWAH
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
WAREHOUSE, STORAGE Current
Est. value
$9.8M
OFFICE BUILDING
Est. value
$19.1M
RESTAURANT
Est. value
$14.0M
MEDICAL BUILDING
Est. value
$13.4M
RETAIL STORES
Est. value
$10.8M
COMMERCIAL (GENERAL)
Est. value
$10.3M
WAREHOUSE, STORAGE Current
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
1991
Stories
1
Lot
9.78 ac
Current owner
From public records · entity-resolved
Art Mortgage Borrower Propco 2013 L
Individual
Free & Clear · 13 yrs held
Mailing address
RAV DEPT #410, ATLANTA, GA 30328
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
May 9, 2013
$13,000,000
Art Mortgage Borrower Propco 2013 L
Vero Industries LP
Warranty Deed
—
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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