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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Banks
2204 Family Security SW Pl, Decatur, AL 35603-5500
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US03-1191647
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1988
Construction
WOOD
Total area
16,888 SF
Lot
4 ac (174,240 SF)
APN
02-07-35-1-000-001.003
UPID
US03-1191647
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
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$470k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$725k
Blend (final)
Blend
$600k
Owner & transaction history
Danny William Turrentine · 9 yrs held
Danny William Turrentine
since 2017
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 Decatur submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Decatur 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
$470,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$1,000,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$930,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$36 / 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
$19,093
Tax year 2023
Assessed value
$421,480
Assessed 2023
Previous assessed
$421,480
+0.0% YoY
Effective rate
4.53%
On assessed value
Assessed land
$60,980
Assessed improvement
$360,500
Land market value
$304,900
Improvement market value
$1,802,500
Total market value
$2,107,400
Applied tax rate
6.0000
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
1988
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
16,888 SF
Lot
4 ac (174,240 SF)
APN
02-07-35-1-000-001.003
UPID
US03-1191647
Jurisdiction
MORGAN
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
RETAIL STORES
Est. value
$1.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$930,000
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1988
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
4 ac
Current owner
From public records · entity-resolved
Danny William Turrentine
Individual
Mailing address
2204 FAMILY SECURITY PL SW, DECATUR, AL 35603-5500
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2024
—
Jeremy Murphy
—
Deed
related
$35,000 · Family Security Cu
Mar 6, 2020
—
Jason Finklea
—
Deed
related
$185,000 · Family Security Cu
Jul 13, 2017
—
Jackie Ray Morgan
—
Deed
related
$100,000 · Family Security Cu
May 19, 2017
—
Patricia A White
—
Deed
related
$72,000 · Family Security Cu
Mar 16, 2017
—
Mark Kevin
—
Deed
related
$30,000 · Family Security Cu
Mar 14, 2017
$20,000
Danny William Turrentine
Michael Heary Turrentine
Warranty Deed
$50,000 · Family Security Cu
Mar 14, 2017
—
Janie A Powers
—
Deed
related
$10,000 · Family Security Cu
Mar 10, 2017
—
Gabriel Iovino
—
Deed
related
$15,000 · Family Security Cu
Feb 23, 2017
—
Clara C Moore
—
Deed
related
$42,500 · Family Security Cu
Feb 16, 2017
—
John P Lietard
—
Deed
related
$25,000 · Family Security Cu
Jan 24, 2017
—
Billy Phillips
—
Deed
related
$40,000 · Family Security Cu
Jan 17, 2017
—
Steven W Ziaja
—
Deed
related
$142,466 · Family Security Cu
Aug 26, 2016
—
Ernest C Murray
—
Deed
related
$61,000 · Family Security Cu
Jul 26, 2016
—
Joseph R Marco
—
Deed
related
$10,000 · Family Security Cu
Jul 25, 2016
—
Afred Monroy
—
Deed
related
$20,000 · Family Security Cu
Jun 22, 2016
—
Aaron M Lynch
—
Deed
related
$7,500 · Family Security Cu
Jun 17, 2016
—
Bobby Ray Drane
—
Deed
related
$40,000 · Family Security Cu
Jun 1, 2016
—
Desiree Smith
—
Deed
related
$50,000 · Family Security Cu
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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