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Property profile & analytics
FOR LEASE
Retail space
224 1St St N Alabaster, AL 35007
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US03-1212843
For Lease
1 / 2
$270,000
224 1St St N, Alabaster, AL 35007
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1930
Construction
WOOD
Total area
2,766 SF
Lot
0.13 ac (5,663 SF)
APN
231021101042000
UPID
US03-1212843
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
-
Melissa Hull, Realtor, Keller Williams Metro South Real Estate Agency
-
Lesley Hutchison Keller Williams Realty Metro South Real Estate Agency
-
Dale Bolena Realtor Keller Williams Realty Metro South Real Estate Agency
-
Alabama Physical Therapy Physician
-
HHENRY Realty at Keller Williams Metro South Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$270k
Owner & transaction history
Wilkerson Enterprises LLC · 4 yrs held
Wilkerson Enterprises LLC
since 2021
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 Alabaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Alabaster 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$270k
Range $243k – $297k · ±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
$98 / 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
$2,772
Tax year 2023
Assessed value
$50,240
Assessed 2023
Previous assessed
$50,240
+0.0% YoY
Effective rate
5.52%
On assessed value
Land market value
$50,540
Improvement market value
$200,600
Total market value
$251,140
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
1930
Construction
WOOD
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
1
Rooms
6
Bathrooms
1
Total area
2,766 SF
Lot
0.13 ac (5,663 SF)
APN
231021101042000
UPID
US03-1212843
Jurisdiction
SHELBY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1930
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
2
Rooms
6
Bathrooms
1
Lot
0.13 ac
Current owner
From public records · entity-resolved
Wilkerson Enterprises LLC
Entity
Mailing address
101 SEAMS WAY, ALABASTER, AL 35007-7643
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2026
—
Wilkerson Enterprises LLC
—
Deed
related
$150,000 · United Community Bank
Oct 11, 2024
—
Wilkerson Enterprises LLC
—
Deed
related
$200,000 · United Community Bank
Dec 16, 2021
$2,850,000
Wilkerson Enterprises LLC
Hillside Partners LLC
Warranty Deed
$400,000 · Progress Bank & Trust
Feb 28, 2018
—
Hillside Partners LLC
—
Deed
related
$1,553,280 · First Us Bk
Apr 24, 2017
$200,000
Quarles Propertis LLC
Carl Watts
Warranty Deed
$238,500 · Central State Bank
Oct 12, 2016
—
Hillside Partners LLC
—
Deed
related
$1,537,660 · First Us Bk
Feb 27, 2012
—
Watts,carl
Glenn,johnny R & Carolyn
Warranty 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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