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Property profile & analytics
OFF-MARKET
Estimated value
$615,000
Sports & entertainment properties
222 Kyser Blvd Madison, AL 35758-2362
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US03-0439182
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
1988
Construction
MIXED
Total area
2,009 SF
Lot
20.06 ac (873,814 SF)
APN
16-04-17-4-001-012.000
UPID
US03-0439182
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
-
Building 16 Apartment Building
-
Cifter (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom
-
Charleston Oaks Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$615k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$756k
Blend (final)
Blend
$615k
Owner & transaction history
Spmk Xxi Charleston Oaks LLC · 5 yrs held
Spmk Xxi Charleston Oaks LLC
since 2020
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$450,000
+43.1%
Commercial (general)
$430,000
+37.7%
Medical building
$420,000
+33.2%
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 Madison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Madison 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
$615,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$450,000
Change: +43% · Conversion: Difficult
COMMERCIAL (GENERAL)
$430,000
Change: +38% · Conversion: Difficult
MEDICAL BUILDING
$420,000
Change: +33% · Conversion: Difficult
Blend value · Realmo final
$615k
Range $554k – $677k · ±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
$306 / 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
$286,150
Tax year 2023
Assessed value
$4,109,460
Assessed 2023
Previous assessed
$2,999,920
+37.0% YoY
Effective rate
6.96%
On assessed value
Assessed land
$521,560
Assessed improvement
$3,587,900
Land market value
$2,607,800
Improvement market value
$17,939,500
Total market value
$20,547,300
Applied tax rate
5.0000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
1988
Construction
MIXED
Heating
FORCED AIR
Cooling
YES
Buildings
18
Stories
1
Units
1
Bathrooms
73
Total area
2,009 SF
Lot
20.06 ac (873,814 SF)
APN
16-04-17-4-001-012.000
UPID
US03-0439182
Jurisdiction
MADISON
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
OFFICE BUILDING
Est. value
$450,000
COMMERCIAL (GENERAL)
Est. value
$430,000
MEDICAL BUILDING
Est. value
$420,000
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL 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
1988
Construction
MIXED
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
18
Units
1
Bathrooms
73
Lot
20.06 ac
Current owner
From public records · entity-resolved
Spmk Xxi Charleston Oaks LLC
Entity
Mailing address
3735 CHEROKEE ST NW, KENNESAW, GA 30144-2081
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 4, 2020
—
Spmk Xxi Charleston Oaks LLC
Spmk Xxi Charleston Oaks LLC
Quit Claim Deed
related
$18,000,000 · Berkadia Com'l Mtg
Jan 29, 2016
$15,800,000
Spmk Xxi Charleston Oaks LLC
Charleston Oaks Apt Prop LLC
Warranty Deed
$10,270,000 · Cbre Cap Markets
Jan 29, 2016
—
Spmk Xxi Charleston Oaks LLC
Charleston Oaks Apt Prop LLC
Quit Claim Deed
related
—
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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