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Property profile & analytics
OFF-MARKET
Estimated value
$11,490,000
Assisted living facilities
2238 Cecil Ashburn SE Dr Huntsville, AL 35802-2585
Entity Owned
1-yr Hold
Property ID
US03-2164739
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
2017
Total area
79,604 SF
Lot
2.62 ac (114,258 SF)
APN
18-05-21-0-000-006.009-CONDO
UPID
US03-2164739
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
-
Thrive at Jones Farm Nursing Home Retirement Community
-
Restore Outpatient at Thrive Huntsville Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.49M
Owner & transaction history
Jf Propco 1818 LLC · 1 yrs held
Jf Propco 1818 LLC
since 2025
Last sale
$13.1M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$11.1M
+319.9%
Medical building
$9.4M
+253.0%
Restaurant
$8.9M
+235.8%
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 Huntsville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntsville 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
$11,180,000
ML approach
$8,570,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$11,145,000
Change: +320% · Conversion: Difficult
MEDICAL BUILDING
$9,375,000
Change: +253% · Conversion: Difficult
RESTAURANT
$8,915,000
Change: +236% · Conversion: Difficult
OFFICE BUILDING
$7,400,000
Change: +179% · Conversion: Difficult
Blend value · Realmo final
$11.49M
Range $10.34M – $12.64M · ±10% · vs last sale $13.10M (May 1 2025)
Last sale anchor
$13.10M
May 1 2025
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
$144 / 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
$121,299
Tax year 2023
Assessed value
$2,091,360
Assessed 2023
Previous assessed
$1,006,280
+107.8% YoY
Effective rate
5.80%
On assessed value
Assessed land
$304,640
Assessed improvement
$1,786,720
Land market value
$1,523,200
Improvement market value
$8,933,600
Total market value
$10,456,800
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
2017
Heating
FORCED AIR
Cooling
YES
Stories
2
Units
1
Total area
79,604 SF
Lot
2.62 ac (114,258 SF)
APN
18-05-21-0-000-006.009-CONDO
UPID
US03-2164739
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
AUTO REPAIR, GARAGE
Est. value
$11.1M
MEDICAL BUILDING
Est. value
$9.4M
RESTAURANT
Est. value
$8.9M
OFFICE BUILDING
Est. value
$7.4M
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RESTAURANT
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
2017
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
1
Lot
2.62 ac
Current owner
From public records · entity-resolved
Jf Propco 1818 LLC
Entity
Mailing address
171 17TH ST NW STE #1500, ATLANTA, GA 30363-1077
Ownership since
2025
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
May 1, 2025
$13,100,000
Jf Propco 1818 LLC
Thrive At Jones Farm LLC
Warranty Deed
—
Oct 30, 2015
$2,000,000
Thrive At Jones Farm LLC
St James Place LLC
Grant Deed
$15,042,236 · Synovus Bk
—
—
Thrive At Jones Farm LLC
—
Deed Of Trust
related
$15,042,236 · Synovus 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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